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Latest Headlines

ExxonMobil sees 200,000 b/d from East Java Cepu Block
ExxonMobil is prepared to increase production from its operated Cepu Block onshore East Java, Indonesia from 185,000 b/d to 200,000 b/d...

Apache selects Bibby Offshore for North Sea Forties Field project
(5/26/2016) Bibby Offshore has received a substantial contract from Apache North Sea to provide subsea construction, ROV, and diving services at the Forties Field...

Militants shutdown Chevron's Escravos export terminal in Nigeria
(5/26/2016) Members of the militant group Niger Delta Avengers have again attacked a Chevron Nigeria Limited (CNL) oil facility in Nigeria's southern Niger Delta...

Actemium to provide maintenance on BP's FPSOs off Angola
(5/26/2016) The Actemium unit of Vinci Energies has been contracted by BP to provide topsides maintenance for its Greater Plutonio and PSVM FPSOs...

Sasol drilling 1st development well in Mozambique's Inhambane
(5/26/2016) Sasol's field development plan for its license area in Mozambique's Inhambane Province is underway with the commencement of drilling...

CGG GeoSoftware launches latest version of Jason software
(5/26/2016) CGG GeoSoftware has launched Jason 9.5, the latest version of its advanced reservoir characterization software adding new capabilities...

Eni wins permission to drill Norwegian Barents Sea exploration well
(5/26/2016) The Norwegian Petroleum Safety Authority has given its permission to the Eni Norge unit of Ente Nazionale Idrocarburi to drill an exploration well...

NOV perfects advanced downhole radio frequency ID technology
(5/26/2016) National Oilwell Varco has introduced an advancement in radio frequency identification technology and oil and gas asset management software...
Wintershall issues 5 more Norwegian Sea Maria Field service contracts
(5/26/2016) Wintershall Norge has awarded another five four-year contracts to provide well completion services and equipment for its Maria Field development...

Santos starts production at Queensland, Australia GLNG Train 2
(5/26/2016) Santos has reported that Train 2 in the Gladstone Liquefied Natural Gas Project on Curtis Island, Queensland, Australia has started production...

Mubadala strikes out with Thai Gulf Sri Trang-1 well
(5/26/2016) Mubadala Petroleum, operator of the G1/48 concession in the northern Gulf of Thailand, has completed the Sri Trang-1 exploration well...

BP kicks off US Gulf Thunder Horse water injection project
(5/25/2016) BP has begun a major water injection project at its Thunder Horse platform in the deepwater sector of the US Gulf of Mexico's Mississippi Canyon...

FairfieldNodal completes 3D MC Delaware Basin seismic shoot
(5/25/2016) FairfieldNodal has completed acquisition of an additional 347 sq miles of multi-client 3D seismic data in the Eddy County, New Mexico...

India launches bidding round for small discovered fields
(5/25/2016) India's Minister of State for Petroleum & Natural Gas has launched a new bidding round for discovered small undeveloped oil and gas fields...

BP & Socar to jointly explore Azerbaijan Caspian block
(5/25/2016) BP and the State Oil Company of the Republic of Azerbaijan have signed a memorandum of understanding to jointly explore Caspian Sea Block D230...
NPD studying NE Norwegian Barents Sea drill cores
(5/25/2016) The Norwegian Petroleum Directorate is carrying out an intensive study of drill cores from seven wells in the northeastern Norwegian Barents Sea...

Antilles amends farmout of Peru interest to Union Oil & Gas
(5/25/2016) Antilles Oil & Gas has amended its farmout agreement with Union Oil & Gas Group of its Block 105 in in the Titicaca Basin onshore Peru...

Technip awarded umbilicals contract for Oseberg Vestflanken 2
(5/25/2016) Technip subsidiary Technip Umbilicals has been contracted by Statoil to supply the umbilical to the Oseberg Vestflanken 2 Field offshore Norway...

TGS to shoot new 3D MC survey offshore Eastern Canada
(5/25/2016) TGS Nopec Geophysical is gearing up to carry out acquisition of approximately 2,000 sq km of new 3D seismic data off Eastern Canada...

Nigeria's Aje Field FPSO commissioning being finalized
(5/25/2016) Yinka Folawiyo Petroleum, operator of Nigeria's Aje Field, is finalizing the commissioning of the floating production, storage, and offloading vessel...

Enviro okay received for Irish Atlantic 3D seismic shoot
(5/25/2016) Petrel Resources has advised an environmental approval of the 3D seismic surveys over Granuaile and Breanann acreage has been received...

Turkmengeologiya achieves commercial gas flow from Giurgiu Field
(5/24/2016) Turkmengeologiya has discovered a new gasfield in Turkmenistan's Mary region near the giant Galkynysh gasfield that flowed of 35.3 million cf/d...

Krasnye Barrikady to build 5 offshore rigs for Iran
(5/24/2016) Krasnye Barrikady, Russia's largest shipbuilder, has received a contract for the construction of five offshore drilling rigs that will join the Iranian fleet...

Athabasca Oil resumes Hangingstone operation after wildfires
(5/24/2016) Athabasca Oil has resumed operations at its Alberta oil sands project Hangingstone following its shutdown on 5 May due to the wildfires...

GE Oil & Gas contracts JDR for India KG Basin steel tube flying leads
(5/24/2016) JDR Global has been awarded a contract by GE Oil & Gas, on behalf of operator Oil and Natural Gas Corporation, for the Vashishta and S1 Project...

Primeline commences arbitration against CNOOC
(5/24/2016) Primeline Energy Holdings has informed China National Offshore Oil Corporation and CNOOC China Limited of its arbitration proceedings...

Sevan cylindrical hull tested for US Gulf FPSO application
(5/24/2016) Under a program by the Research Partnership to Secure Energy for America research and model scale testing of Sevan Marine's cylindrical hull...

Freeport-McMoRan terminates Rowan Relentless drillship contract
(5/24/2016) Rowan Companies has reported concluding an agreement with Freeport-McMoRan Oil & Gas terminating a drilling contract for the drillship...

Third Energy wins approval to frack UK North Yorkshire well
(5/24/2016) The UK's North Yorkshire County Council has given its approval to Third Energy of its application to hydraulically stimulate and test its shale gas well...

CNPC & ENH in Mozambique oil & gas cooperation agreement
(5/24/2016) China National Petroleum Corporation and Empresa Nacional de Hidrocarbonetos, the national oil company of Mozambique, have agreed...

EMGS licenses 3D EM data over Newfoundland's Flemish Pass
(5/24/216) Electromagnetic Geoservices has entered into a data licensing agreement for the provision of 3D electromagnetic data from its multi-client data library...

DNO fails to find hydrocarbons with Oman exploration well
(5/24/2016) DNO International has reported its exploration well Hayah-1 onshore Oman encountered only minor gas shows and will be plugged and abandoned...

Suncor starting return of evacuated employees in Alberta
(5/24/2016) Suncor has begun the remobilization process of its evacuated employees to support the staged restart of its operations in the Wood Buffalo area...

Faroe drilling Brasse exploration well offshore Norway
(5/24/2016) Faroe Petroleum has begun drilling operations at its operated Brasse exploration well 31/7-1 in the Norwegian sector of the North Sea...

Wintershall spuds Antares Prospect in Norwegian North Sea
(5/23/2016) Wintershall Norge has followed its disappointing wildcats in the Norwegian sector of the North Sea with a new exploration well in the production license...

FPSO Cidade de Saquarema sails for Brazil's Lula Field
(5/23/2016) SBM Offshore has advised that the floating production, storage and offloading vessel Cidade de Saquarema has departed the BRASA shipyard...

Parsley adding 30,000 acres in Texas' Southern Delaware Basin
(5/23/2016) Parsley Energy is acquiring an additional 30,000 acres of leasehold in Pecos and Reeves Counties, Texas for US$280.5 million in cash...

Statoil drilling Beerenberg exploration well offshore Norway
(5/23/2016) Statoil has commenced drilling operations on its latest Krafla area exploration well in the Norwegian sector of the North Sea...

Ivar Aasen platform deck set to sail from Singapore to Norway
(5/23/2016) Det Norske Oljeselkap has taken delivery of the Ivar Aasen Field's platform deck at the Sembcorp Marine Offshore Engineering construction yard...

Oilworker falls to death on Petrobras Cherne platform
(5/23/2016) The Brazilian oilworkers' union Sindipetro-NF has reported that a worker died yesterday from a fall of about 20 meters on a Campos Basin platform...

Egypt targeting 5.5-6.0 bcf/d gas production in 3 years
(5/23/2016) The Egyptian Ministry of Petroleum has established a fast-track program to increase the country's natural gas production by the end of 2019...

Neptune contracted for Ichthys LNG Project mattresses
(5/23/2016) McDermott Australia has contracted Neptune for the provision of 350 concrete mattresses that will be utilized for flowlines walking mitigation...

Second Eni-operated pipeline bombed in Nigeria
(5/23/2016) Another pipeline in Nigeria's Bayelsa state has been bombed that is operated by the Nigerian Agip Oil Company subsidiary of Eni...

Engie E&P Norge wins consent to drill Norway North Sea Cara well
(5/23/2016) The Norwegian Petroleum Safety Authority has given its consent to Engie E&P Norge to drill the Cara exploration well in production license PL636...

Real starts 5-stage frac program in Queensland's Windorah Project
(5/23/2016) Real Energy has commenced the five-stage fracture stimulation program of the Tamarama-1 well located in the Cooper Basin Windorah Gas Project...

AccessESP replaces ESP using standard slickline unit
(5/23/1016) AccessESP has successfully retrieved and replaced an existing electric submersible pump for a major operator on the Alaskan North Slope...
Europa farms out UK Weald Basin license stake to Union Jack
(5/23/2016) Europa Oil & Gas has signed a farmout agreement with Union Jack Oil & Gas for nterest in the PEDL143 license onshore England's Weald Basin...

Statoil terminates contract with Seadrill for West Hercules
(5/23/2016) Statoil has, on behalf of the Aasta Hansteen license holders, decided to cancel the contract with Seadrill for the semisubmersible drilling rig...

Petroceltic taps down 2nd Ain Tsila producer in Algeria
(5/23/2016) Petroceltic International has reported concluding the drilling of its second development well on the Ain Tsila gas and condensate field in Algeria...

Wintershall plugs & abandons North Sea wildcats
(5/23/2016) Wintershall Norge has concluded drilling its wildcat wells in the Norwegian North Sea and has plugged and abandoned them after disappointing results...

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

The Saudi-Iran standoff & the state of oil prices

Dev George
Managing Editor


There seems to be little that Saudi Arabia and Iran can agree on, since both have their own agendas that have virtually nothing in common. Though they are both in the Middle East and share frontage on the Persian Gulf, they don't cooperate, and, in fact, support opposing sides in the region's civil wars in Yemen and Syria...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Crude rises higher on stock draw & equities bounce

(5/24/2016) Traders at both the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) took all of our monitored benchmarks except Tapis higher in their settlements today in response to an expected draw against US crude inventories and a rally on Wall Street...⇒⇒⇒
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