Roberto Abraham Scaruffi

31 December 2014

	Rose Petroleum spuds Mancos well Rose Petroleum has spudded the State 1-34 Mancos well in Utah. The company said it had used a smaller rig for better cost efficiency and will bring in a larger rig in early January to drill the balance of the well to total depth

	Magseis strikes Chevron deal Seismic acquisition technology firm Magseis has won a contract with Chevron North Sea. The contract is for seabed seismic acquisition using the company’s MASS system and Artemis Athene

	Bakken Club gets evicted as oil plunge tests shale boom A private club in North Dakota’s Bakken shale that once charged membership fees as high as $25,000 and served jumbo shrimp cocktail was evicted this month in a sign that oil’s plunge is undercutting the region’s go-go years

	Oil set for biggest slump since 2008 as OPEC battles US shale Oil headed for the biggest annual decline since the 2008 global financial crisis as US producers and the Organization of Petroleum Exporting Countries ceded no ground in their battle for market share amid a supply glut

	Gallery: Part 3- Industry milestones 2014

	Wintershall halts production in Libya amidst armed hostilities Wintershall has suspended onshore production in Libya until further notice following unrest in the country. The company said it had taken the decision following armed hostilities which had taken place at more oil export facilities

	Oil prices still going down Brent and US crude oil prices both hit five year lows yesterday, before rebounding slightly, and experts expect them to go lower still. Benchmark Brent was down by 36 cents a barrel to $57

	North-east MSP warns against any moves to cut corners The slump in the price of North Sea oil is no excuse for oil companies to cut back on spending on offshore safety measures, north-east MSP Lewis Macdonald said last night

	DECC officials made OBEs A pair of Aberdeen-based officials at the Department of Energy and Climate Change (DECC) have been made OBEs. They are Bill Cattanach, DECC's head of industry and technology development for upstream oil and gas, and Wendy Kennedy, oil and gas environment and decommissioning director

	Coal to remains important energy contributor Coal will remain an important contributor to the UK's energy mix into the mid-2020s at least, a Scottish supplier says. Fergusson Group's forecast came as it reported increased sales in its most recent financial year in the face of "challenging market conditions across the energy sector"

	BG Group and Petrobas submit DoC for Iara A Declaration of Commerciality (DoC) has been submitted to the Brazilian National Agency of Petroleum, Natural Gas and Biofuels for three separate oil and gas accumulations in Brazil

	Cargotec scoops contract win for Subsea cranes Cargotec has received an order from Shanghai Zhenhua Heavy Industry Co four offshore cranes. The deal will see all the cranes fitted to a new 145m dive support vessel under construction at the yard for UK-based operator Sealion Shipping

	Lower oil stocks hit FTSE progress The London market’s festive rally came to an abrupt halt today amid lower oil prices and fresh uncertainty over Greece’s future in the euro. With the FTSE 100 Index 57

	Lundin comes up dry with well in the Norwegian Sea Lundin Petroleum has come up dry with a wildcat drilled in the Norwegian Sea. The 6405/12-1 on PL584 was investigating the hydrocarbon potential of the Lindarormen prospect which is 150km northwest of Kristiansund

	BP starts production from Kinnoull field Oil major BP said production has started from the Kinnoull field in the North Sea. The Kinnoull reservoir, which was developed as part of a wider rejuvenation of the Andrew field area, is tied back to BP’s Andrew platform 230km east of Aberdeen

	Jupiter Energy spuds Kazakhstan well Jupiter Energy has provided an update on drilling at the East Akkar field in Kazakhstan. Well 19 has been spudded by the company between the J-51 and J-52 wells which have both been producing oil under trial production licenses

	Opinion: Crystal balls and crude prices Crystal ball gazing is an entertaining but hazardous occupation and let’s be honest, who accurately predicted that a 40% drop in the price of crude oil lay ahead? That said, heading in to 2015 there are certain steps which can be taken to ensure the UKCS is sustainable and competitive on the assumption of a low oil price in the mid-term