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Latest Headlines

EU & US impose new sanctions on Russia's oil sector
The European Union has joined the United States in adding new sanctions to those already imposed on Russia for its culpability in Ukraine violence...

Eni makes major gas & condensates discovery off Gabon
(7/31/2014) Ente Nazionale Idrocarburi has made a significant gas and condensates discovery in the Nyonie Deep Prospect about 13 km offshore Gabon...

Apache to sell its stakes in Wheatstone & Kitimat LNG projects
(7/31/2014) Apache Corporation intends to sell its interests in two major liquefied natural gas projects, Wheatstone in Australia, and Kitimat in Canada...

Eni granted 2 PSCs for onshore Myanmar concessions
(7/31/2014) Ente Nazionale Idrocarburi has been awarded two production sharing contracts by Myanmar's Energy Ministry for which it will serve as operator...

Riley taps down 3rd & 4th Texas Ranger Project producers
(7/31/2014) Riley Exploration Group has completed drilling the third and fourth horizontal Taylor Sand development wells in the Serbin Field...

Circle overcomes mechanical problems in offshore Tunisia well
(7/31/2014) Circle Oil has advised that it encountered mechanical problems with its El Mediouni-1 exploration well offshore Tunisia in the Mahdia Block...

CNOOC puts 3 Panyu oilfields onstream in South China Sea
(7/31/2014) The CNOOC Limited unit of China National Offshore Oil Corporation has commenced production at three fields in the Pearl River Mouth Basin...

Gulfsands strikes gas with onshore Morocco Rharb Centre well
(7/31/2014) Gulfsands Petroleum has made a gasfield discovery with its Lalla Yetou Updip-1 exploration well in the Rharb Centre permit in northern Morocco...

OIL okays drilling budget for 3 Rajasthan, India wells
(7/31/2014) The Oil India Limited-led joint venture management committee for its Block RJ-ONN-2004/2 onshore Rajasthan, India has approved a drilling budget...

Shell declares force majeure on Yuzivska, Ukraine shale project
(7/31/2014) Fugro has delivered a high quality motion dataset from the blowout preventer stack and lower riser of two deepwater Barents Sea wells...

Armada drilling Bear Creek-1 in Wyoming
(7/31/2014) Armada Oil has commenced drilling the Bear Creek-1 exploration well in Carbon County, Wyoming with both conventional and Niobrara Shale targets...

Russia hit with 2nd penalty for Yukos seizure: $2.5 billion
(7/31/2014) Just three days after the Permanent Court of Arbitration in the Hague ordered Russia to pay US$50 billion to former Yukos shareholders...
Eni-Kogas to kick off Cyprus exploratory drilling program
(7/31/2014) The Cyprus Ministry of Energy has given its blessing to gas exploration offshore Cyprus by Ente Nazionale Idrocarburi-Korea Gas Corporation...

TGS lines up 3 new multi-client seismic acquisition projects
(7/31/2014) TGS Nopec Geophysical has announced three new multi-client seismic surveys offshore Australia, New Zealand, and in the West of Shetland...

Genel spuds Sidi Moussa-1 offshore Morocco
(7/31/2014) Serica Energy has confirmed commencement of drilling of the Sidi Moussa-1 exploration well offshore Morocco by operator Genel Energy...

Anadarko plugging & abandoning Bimini dry hole in US Gulf
(7/30/2014) Anadarko Petroleum has revealed the Apache-operated Bimini wildcat well in the US Gulf of Mexico's Garden Banks failed to find hydrocarbons...

Fugro produces BOP & lower riser motion data at 2 Barents Sea wells
(7/30/2014) Fugro has delivered a high quality motion dataset from the blowout preventer stack and lower riser of two deepwater Barents Sea wells...

Madalena lining up Argentina & Canada development & exploration
(7/30/2014) Madalena Energy has as budgeted US$33 million for the remainder of 2014 with most of these funds going to conventional and unconventional drilling...

Northern signs 2.5-year rig contract with Rosneft
(7/30/2014) Despite yesterday's new sanctions on Russia and Rosneft, Northern Offshore has concluded a contract with Rosneft to provide a drilling rig...

Condor set to stim & test wells in Queenslan
(7/30/2014) Icon Energy has advised that the Beach Energy-led joint venture has agreed on the forthcoming hydraulic stimulation and testing program...

Strata Alberta oil sands cold production study produces drillsites
(7/30/2014) Strata Oil & Gas' cold production study for the company's Cadotte West leases in the Peace River oil sands of Alberta has resulted in drillsites...

BAM Clough completes Ichthys LNG Module Offloading Facility
(7/30/2014) The BAM Clough joint venture has completed the design and construction contract for the Ichthys LNG Project's Module Offloading Facility...

Murphy puts US Gulf deepwater Dalmatian Field on production
(7/30/2014) Operator Murphy Oil has commenced production at its Dalmatian Field in the US Gulf of Mexico's DeSoto Canyon in waters 5,900 ft in depth...

Tullow withdrawing from Liberia & Sierra Leone
(7/30/2014) Tullow Oil has revealed it is exiting operations in Liberia and Sierra Leone by not renewing its licenses in those two countries to focus on other activities...

Dejour's Roan Creek Project recoverable gas put at 39.8 bcf
(7/30/2014) Dejour Energy has received an assessment of contingent and prospective recoverable resources for its Roan Creek in Colorado's Piceance Basin...

Ireland's Porcupine Basin Skellig Block estimated at 1.1 billion boe
(7/30/2014) Antrim Energy has received results of a prospective resources evaluation for the Frontier Exploration License 1/13 offshore Ireland's west coast...

BGP concludes 3D shoot offshore Gabon for Perenco
(7/30/2014) The Bureau of Geophysical Prospecting has successfully completed a 1,500 sq km 3D seismic acquisition off Gabon for Perenco Oil & Gas...

API sets standards for subsea capping stacks
(7/30/2014) The American Petroleum Institute (API) has published new guidelines for the design, manufacture, and use of subsea capping stacks, equipment designed as part of industry's emergency preparedness...

Petrofac picks up Caspian Sea Shah Deniz 2 contract off Azerbaijan
(7/30/2014) Petrofac has secured a contract with the BP-operated Shah Deniz 2 Project in the Azerbaijani Caspian Sea to provide maintenance build capabilities...

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

The division of Iraq

Dev George
Managing Editor

Let's not mince words - the Ill-informed governments of Europe and the United States should stay out of the present division of Iraq and stop trying to make that artificial state into something it never was. It was, in fact, created after World War I when the British and French carved up the defeated Ottoman Empire, with the British taking the Ottoman provinces or vilayets of Baghdad, Mosul, and Basra, as well as Palestine and Jordan, as a mandate, and the French taking what is today Syria and Lebanon (as well as a sizeable part of southeastern Turkey...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Despite geopolitical risks, prices fall on abundant supply

(7/30/2014) Oversupply around the globe sent crude futures prices down today at the Intercontinental Exchange (ICE) in London, the Dubai Mercantile Exchange (DME), and the New York Mercantile Exchange (Nymex) despite the geopolitical risks in Europe, the Middle East, and North Africa, and this even with a sizeable drawdown from US domestic inventories...⇒⇒⇒
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