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Latest Headlines

GdF Suez & BP make UK Central North Sea discovery
GdF Suez E&P UK and BP have achieved a new exploration discovery in the UK sector of the Central North Sea near the Norwegian boundary...

Chevron makes deepwater oil discovery in US Gulf
Chevron has made a significant new oil discovery in the Guadalupe Prospect in the Keathley Canyon sector of the US Gulf of Mexico...

Terraseis taps down 1st 3C seismic survey in Kurd Iraq
(10/24/2014) Terraseis has reported that its 3D seismic acquisition crew has concluded the first three-component seismic survey ever conducted in Iraq...

Tullow plugging & abandoning 2 Kenya wells, completing 2 others
(10/24/2014) Tullow Oil has reported mixed results from its two exploration wells and two appraisals drilled onshore Kenya in Blocks 10BB and 13T...

Nine rigs added to US working rotary rig fleet this week
(10/24/2014) Baker Hughes has reported the number of working rotary rigs in the United States this week was higher by nine for a total of 1,927...

Mozambique offering 15 new E&P blocks for bid
(10/24/2014) Mozambique's Ministry of Mineral Resources and National Institute of Petroleum have launched a new licensing round for on and offshore blocks...

Penn West selling Alberta non-core assets for $355 million
(10/24/2014) Penn West has agreed to sell non-core assets in south-central Alberta, Canada for expected proceeds of approximately US$355 million...

Arabella backs into added Texas Delaware Basin acreage
(10/24/2014) Arabella Exploration has backed into ownership on additional acreage in Pecos and Reeves County in Texas' Southern Delaware Basin...
CNOOC discovers oil & gas in China's Bohai Bay
(10/24/2014) The CNOOC Limited unit of China National Offshore Oil Corporation has made a mid-to-large new discovery in northeastern China's Bohai Bay...

Vaalco extends exploration phase on Angola's Block 5
(10/24/2014) Vaalco Energy has entered into the subsequent exploration phase on Block 5 offshore Angola extending the exploration period three years...

Statoil awarded deepwater Carnarvon Basin block off Australia
(10/24/2014) Statoil has reported award of 100% interest and operatorship of a large exploration permit offshore Western Australia in the deepwater sector...

Petrobras' Lontra a new Espirito Santo discovery off Brazil
(10/24/2014) Petroleo Brasileiro has reported achieving a new post-salt discovery of gas and condensate in the deepwater sector of the Espirito Santo Basin...

New Standard farms out South Australia Cooper Basin permit to Santos
(10/23/2014) New Standard Energy has farmed out part of its interest in the PEL570 permit in South Australia's Cooper Basin to Santos to reduce commitments...

LLOG installs Delta House FPS in US Gulf
(10/23/2014) LLOG Bluewater has successfully installed its Delta House floating production system in the US Gulf of Mexico's Mississippi Canyon..

Jupiter set to drill Akkar East producer in Kazakhstan
(10/23/2014) Jupiter Energy is to drill its first production well onshore Kazakhstan in the Akkar East Field with Well 19 between the J-51 and J-52 wells..

Continental scores 4 producers in Oklahoma's Springer play
(10/23/2014) Continental Resources has reported four new wells on production in its Springer play in the South Central Oklahoma Oil Province..

Baron to drill deepwater test well off Peru in Block Z-34
(10/23/2014) Baron Oil has obtained approval from Perupetro to convert the third work phase on Block Z-34 from a seismic obligation into a drilling obligation...

ConocoPhillips drilling underway at Eldfisk II off Norway
(10/23/2014) ConocoPhillips Skandinavia has commenced drilling operations in its Eldfisk II Project offshore Norway in Block 2/7 South with the spudding..

Three die, 1 missing in fire on Socar Caspian Sea platform
(10/23/2014) Socar has advised that three workers have been killed and one is still missing as a result of a fire on the Narimanneft production platform 441 in the Caspian Sea...
Hess charters Ocean BlackRhino & Ocean BlackLion
(10/23/2014) Diamond Offshore Drilling has concluded term drilling contracts with Hess Corporation for the employment of its two newbuild drillships...

FX drilling Angowice-1 exploration well on Tuchola Field
(10/23/2014) FX Energy has commenced drilling operations on its Angowice-1 exploration well in the Tuchola Field in Poland's Edge license area...

InterMoor completes 2 South China Sea projects
(10/23/2014) Acteon's InterMoor has completed two major offshore projects for China Offshore Oil Engineering Corporation in the Panyu and Enping Fields...

Chariot relinquishing Namibia's offshore Blocks 1811 A&B
(10/23/2014) Chariot Oil & Gas has opted not to apply for a new exploration license for the Northern Blocks 1811A&B offshore Namibia, set to expire on 26 October...

Kuwait Energy discovers new Egypt oilfield near Libyan border
(10/22/2014) Kuwait Energy has achieved discovery of a new oilfield in Egypt's Abu Sinan Concession near the Libyan border with its seventh successful well...

Europa gets go-ahead for UK onshore Kiln Lane exploration well
(10/22/2014) Europa Oil & Gas has secured planning permission to drill the Kiln Lane exploration well onshore the UK in East Lincolnshire in its license area...

Tharwa wins exploration contract in Egypt's Western Desert
(10/22/2014) Egypt's Ministry of Petroleum has concluded an exploration contract with the Egyptian company Tharwa Petroleum for the East Abu Sennan Block...

Eneabba buying Green Rock block onshore Western Australia
(10/22/2014) Eneabba Gas has agreed to purchase the Ocean Hill Block L12-7 in the North Perth Basin of Western Australia from Green Rock Energy...

Rigworker deaths in accident off Malaysia were on Ensco 104
(10/22/2014) Ensco has advised that the accident reported yesterday on one of its rigs offshore Malaysia was due to a fall from the Ensco 104 jackup drilling rig...
Fifteen companies submit 25 applications for Danish North Sea licenses
(10/22/2014) The Danish Energy Agency's 7th Licensing Round has received 25 applications from 15 oil and gas companies for one or more licenses...

Morocco's Sidi Moktar Kechoula seen with significant gas
(10/22/2014) PetroMaroc has advised that GLJ Petroleum Consultants has completed an independent evaluation of the undiscovered petroleum initially in place...

Statoil to use Songa Trym to plug North Sea Oseberg well
(10/22/2014) The Norwegian Petroleum Safety Authority has consented to Statoil's use of the semisubmersible drilling rig Songa Trym for permanent well plugging..

Polarcus 3D MS survey off NW Australia getting underway
(10/22/2014) Polarcus' Capreolus 3D multi-client seismic acquisition over the Roebuck Basin off Western Australia in the North West Shelf region is starting...

SBM Offshore creates 2 CALM terminal companies
(10/22/2014) SBM Offshore has established two new independent companies to provide the full lifecycle for CALM terminals and after-market services...

Royale incrementally completing California McKinney well
(10/22/2014) has achieved a sustained rate of 1.6 million cf/d after opening an initial two ft of a 65-ft gross interval in the recently drilled McKinney well...

Bechtel kicks off construction of BC's Tilbury LNG facility
(10/22/2014) Bechtel has begun construction at the FortisBC owned and operated Tilbury Liquefied Natural Gas facility in British Columbia...

BOEM preparing enviro statement for Alaska Cook Inlet sale
(10/22/2014) The Bureau of Ocean Energy Management is preparing an environmental impact statement in support of a potential Cook Inlet oil and gas lease sale...

 For more headlines, select from OGI Departments at top left
From the Editor

US to surpass Saudi Arabia in oil & gas liquids this month

Dev George
Managing Editor

At a time when major oil producers should be cutting back their output to prevent crude prices from falling event further, both the United States and Saudi Arabia are pulling out all the stops to ramp up their production even higher. In August, they were both producing approximately 11.5 million b/d of crude oil and liquid petroleum products...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Futures fall again on big US inventory build

(10/22/2014) All it took to erase this week's growth in crude futures prices was today's report from the US Energy Department's Energy Information Administration (EIA) that last week's crude inventories saw a much more than expected build of 7.11 million bbl, almost three times the forecast increase of 2.7 million bbl...⇒⇒⇒
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