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Latest Headlines

OPEC not cutting production despite dropping oil prices
(11/27/2014) The Organization of Petroleum Exporting Countries decided at their ministerial meeting today in Vienna not to reduce its oil output...

Libya's Nafoora Field pumping oil for export
(11/28/2014) Arab Gulf Oil Company has advised that its Nafoora Field in eastern Libya returned to production earlier this week and is now pumping oil for export...

Hardy reassessing India Block D3 investment
(11/28/2014) Hardy Oil, partner to Reliance Industries, operator of the D3 Block in the Krishna-Godavari Basin offshore eastern India is reviewing its investment...

Junex scores oil discovery on Quebec's Gaspe Peninsula
(11/28/2014) Junex has achieved an oil discovery with its Galt-4 horizontal exploration well on the Galt Field in eastern Quebec, Canada's Gaspe Peninsula...

Caspian Sea Central Azeri platform restarted
(11/28/2014) The Central Azeri platform in the Azeri-Chirag-Guneshli Field complex offshore Azerbaijan in the Caspian Sea has been restarted after a month...

Statoil to operate all phases of Norway's Johan Sverdrup Field
(11/28/2014) Statoil has been chosen by the partners in the Johan Sverdrup Field development in the Utsira High in the Norwegian North Sea as operator...

Rey acquiring Backreef's stake in Western Australia Derby Block
(11/28/2014) Rey Resources subsidiary Rey Lennard Shelf has agreed to acquire Backreef Oil's 50% interest in license EP487, the Derby Block...

African Petroleum gets Gambia licenses reinstated
(11/28/2014) African Petroleum has concluded an agreement with the Gambian government to reinstate the company's Blocks A1 and A4 licenses...

Technip wins Statoil contract for pipelay & subsea installation
(11/28/2014) Technip has been awarded a lumpsum contract by Statoil for the Gullfaks Rimfaksdalen marine operations pipelay and subsea installation project...

Dolphin to shoot 2 major 3D seismic surveys offshore India
(11/27/2014) Dolphin Geophysical has reported accepting a letter of award for the acquisition of two major 3D seismic surveys offshore India...

Shell assessed $3.96 billion for Nigeria's Bonga Field oil spill
(11/27/2014) The Nigerian National Assembly has called for Shell Nigeria Exploration & Production Company to pay US$3.96 billion for damages from an oil spill...

Hawkley assessing 40% output decline in Ukraine well
(11/27/2013) Hawkley Oil & Gas has reported the flow of gas from its Sorochynska Field well 201 in the Ukraine's Dnieper Donets Basin has been steadily decreasing...

No new rig orders by Seadrill in near future
(11/27/2014) Seadrill will not be contracting any new offshore rig constructions in the near future due to the present challenging market conditions...

Australia's North West Shelf Project to develop Persephone
(11/27/2014) Woodside as operator of the North West Shelf Project off Western Australia has advised the Persephone Project development is approved...

Statoil given consent to use Tune Field until 2020
(11/27/2014) The Petroleum Safety Authority of Norway has given Statoil permission to extend the life of the Tune Field in the Norwegian northern North Sea...

Two injured in New Mexico oilfield explosion
(11/27/2014) An explosion and fire on an oilfield in southeastern New Mexico near the border between Lea and Eddy Counties has resulted in two workers injured...
Linc's 1st South Australia Arckaringa Basin well showing oil
(11/27/2014) Linc Oil has detected hydrocarbon shows in the Stuart Range Formation with its Pata-1 exploration well, the first of three in the Arckaringa Basin...

Beeman to drill Utah Uinta Basin well for Rose Petroleum
(11/27/2014) Rose Petroleum has signed a drilling rig contract with Beeman Drilling Services for the company to carry out the drilling of its initial well...
ARKeX shooting FTG survey in Niger for Savannah
(11/27/2014) Savannah Petroleum's airborne full tensor gradiometry survey over its R1/R2 Agadem license area in Niger got underway today, 27 November...

Santos makes South Australia Cooper Basin wet gas discovery
(11/27/2014) Drillsearch Energy has reported a new wet gas discovery on the Western Cooper Wet Gas Fairway of the Cooper Basin in South Australia...

US working rotary rig fleet had 12 fewer rigs this week
(11/26/2014) Baker Hughes has reported early this week due to the US Thanksgiving holiday that the number of working rotary rigs was 1,917...

Husky contracts living quarters platform for White Rose Field
(11/26/2014) Husky Energy has selected the Apply Leirvik/GJ Cahill Partnership to provide a living quarters platform for the White Rose Field extension...

American Energy pays $440 million for West Texas acreage
(11/26/2014) American Energy has agreed to purchase approximately 14,000 net acres in Reagan County, Texas from Tall City Exploration for US$440 million...
Two new Ensign ADR 1500S pad drilling rigs contracted
(11/26/2014) Ensign Energy Services has just signed contracts for two of its new state-of-the-art ADR 1500S pad drilling rigs for British Columbia's Montney area...

Keppel AmFELS delivers jackup drilling rig Coatzacalcos
(11/26/2014) The Keppel AmFELS subsidiary of Keppel Offshore & Marine has delivered the jackup drilling rig Coatzacalcos to Mexico's Central Panuco...

FMC provides 1st fully Nigerian-built subsea tree to Bonga NW Project
(11/26/2014) FMC Technologies has commissioned its first subsea production tree built entirely in Nigeria, which will be installed in the Bonga Northwest development...

Seabox to lead subsea sulfate removal & low salinity JIP
(11/26/2014) Seabox will lead a Joint Industry Project supported by the Research Council of Norway intended to advanced subsea water treatment...

Trinity selling Trinidad's Tabaquite Block to LGO Energy
(11/26/2014) Trinity Exploration & Production has signed a sale and purchase agreement to sell its interests in the Tabaquite Block to LGO Energy...

Toro adds Alberta Viking producing assets for $25 million
(11/26/2014) Toro Oil & Gas has entered into a definitive purchase and sale agreement to acquire light crude oil producing assets in east-central Alberta, Canada...

Otto wins Philippine SC55 license extension
(11/26/2014) Otto Energy has been granted an extension to Sub-Phase 4 of its block contract offshore the Philippines' Palawan Island in the South China Sea...

Pennine tying in Alberta Castor re-entered well to sales
(11/26/2014) Pennine Petroleum has re-entered the Castor 2-22 well on its operated Castor property in the Youngstown area of east-central Alberta, Canada...

Woodside receives reconnaissance license offshore Morocco
(11/26/2014) Woodside Petroleum has entered into a contract for an exclusive reconnaissance license to explore a deepwater block offshore Morocco...

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

Ebola - don't panic but don't take chances

Dev George
Managing Editor

Although they didn't publicize it, there was a meeting of major international oil companies and large service companies in New Orleans on 17 October to share ideas and present methods of dealing with the Ebola epidemic in general and specifically how to best monitor workers and prepare offshore paramedics to prevent its spread in the oil and gas industry. Attending were Royal Dutch Shell, Chevron, Noble Drilling, and Schlumberger as well as many other company representatives from key offshore oil producing countries...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Prices fall again on expectations of OPEC inaction

(11/26/2014) Traders at both the Intercontinental Exchange (ICE) in London and the New York Mercantile Exchange (Nymex) took prices even lower across the board in anticipation of the Organization of Petroleum Exporting Countries (OPEC) doing nothing at its meeting tomorrow in Vienna to stem the continuing fall in crude oil futures prices despite the price drop since June of approximately 30%...⇒⇒⇒
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