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Latest Headlines

Central puts Australia's Northern Territory Mereenie Field onstream
Central Petroleum has commenced production from its Mereenie Field in Australia's Northern Territory Amadeus Basin from the Stairway Sandstone...

Safety alert issued by Australia's offshore regulator
(6/28/2016) Australia's National Offshore Petroleum Safety and Environmental Management Authority has issued a safety alert following a recent incident...

Keppel FELS Brasil delivers 4th MODEC FPSO Cidade de Caraguatatuba
(6/28/2016) Keppel Offshore & Marine subsidiary, Keppel FELS Brasil has concluded the integration and completion works on its fourth MODEC FPSO...

LLOG suspending US Gulf Delta House FPS
(6/28/2016) LLOG has advised that it is shutting in its floating production system Delta House in the US Gulf of Mexico's Mississippi Canyon Block 254 due to a fire...

SapuraKenana wins $125 million in new & extended contracts
(6/28/2016) SapuraKencana Petroleum has reported receiving new contracts and extensions to existing contracts offshore Malaysia, Trinidad, and Australia...

Intertek's Ichthys LNG Project contract extended 3 years
(6/28/2016) Intertek's contract for provision of quality assurance services for Inpex's Ichthys liquefied natural gas project off Western Australia has been extended...

Statoil receives PSA consent to drill with Songa Delta & Songa Encourage
(6/28/2016) The Norwegian Petroleum Safety Authority has given Statoil its permission to carry out drilling operations on the Norwegian Continental Shelf...

President set to drill 3 horizontal wells in Argentina's Puesto Guardian
(6/28/2016) President Energy has engaged drilling contractors for a three-well horizontal drilling program in its Puesto Guardian Concession in Argentina...

Wood Group picks up Peregrino Field project offshore Brazil
(6/28/2016) Wood Group has been awarded a multimillion dollar contract to provide detailed engineering, design, and procurement services for the Phase II...

OGDCL discovers gas in Pakistan's Sindh Province
(6/28/2016) Pakistan's state-owned Oil & Gas Development Company Limited has achieved a gasfield discovery in the Sukhur District of Sindh Province...

Successful DST in Santos' Indonesia Ande Ande Lumut Project
(6/28/2016) Santos has concluded a successful drillstem test in its Ande Ande Lumut sidetrack appraisal well offshore Indonesia in the Northwest Natuna Block...

Statoil acquires JX Nippon stake in UK Utgard Field license
(6/28/2016) Statoil has concluded its transaction with JX Nippon to acquire its interest and operatorship of the Utgard Field block and license in the UK North Sea...

ONGC selects Aban Offshore drillship for 2 years drilling service
(6/27/2016) Oil and Natural Gas Corporation, the Indian national oil company, has awarded a contract to Aban Offshore for the deployment of its drillship...

Total granted operating stake in Qatar's Al Shaheen Field
(6/27/2016) Total has been awarded operating interest in Qatar's giant Al Shaheen Field in the Qatari sector of the Persian Gulf, 80 km offshore...

Worker seriously injured on Eni's Barents Sea Goliat platform
(6/27/2016) A subcontractor employee has been injured in an accident aboard the Goliat platform in the Norwegian sector of the Barents Sea while unloading...

Global Maritime completes West Pegasus deadweight survey
(6/27/2016) Global Maritime Consultancy & Engineering has completed an offshore deadweight survey while Seadrill semisubmersible West Pegasus was drilling...

IHS sees Canada oil sands output growth through 2025
(6/27/2016) IHS has released its outlook for Canadian oil sands production through 2025 in which it predicts continued oil sands output growth for the period...

BHP Billiton focusing on Western Australia, US Gulf & Caribbean
(6/27/2016) BHP Billiton is focusing its exploration program on the deepwater areas off Western Australia, in the US Gulf of Mexico, and in Trinidad & Tobago...

Statoil suspends Bideford Dolphin semisubmersible contract
(6/27/2016) Fred.Olsen Energy has revealed its subsidiary Dolphin Drilling has received notice of suspension from Statoil of its contract for the drilling rig...

Europa's UK Weald Basin license extended 2 years
(6/27/2016) Europa Oil & Gas has received notification from the Oil & Gas Authority that its PEDL143 license in the Weald Basin, Surrey, UK, has been extended...

McDermott receives EPCI contract for Pemex's Abkatun-A2 platform
(6/27/2016) McDermott International's US$454 million contract from Petroleos Mexicanos' Pemex Exploracion y Produccion has been expanded...

Aminex wins year extension on Tanzania Ruvuma PSA
(6/27/2016) Aminex has received approval from the Tanzanian Petroleum Development Corporation to extend the term of its Ruvuma PSA Mtwara License...

Eni to negotiate contracts for Mozambique's Coral LNG Project
(6/26/2016) Mozambique's Council of Ministers has given Ente Nazionale Idrocarburi its approval to award contracts for the provision of South Coral Project services...

ExxonMobil awaiting enviro okay to drill offshore Liberia
(6/26/2016) ExxonMobil is preparing to launch an exploration drilling program offshore Liberia in Block LB-13 upon approval of its environmental permit...

GNPC targeting Ghana's Voltaian Basin in seismic shoot
(6/26/2016) Ghana National Petroleum Corporation is preparing to undertake an extensive 2D seismic survey onshore Ghana in the Voltaian Basin...

Ramboll scores 4-year contract with Dong E&P
(6/26/2016) The Dong E&P subsidiary of Dansk Olie og Naturgas has awarded a four-year, engineering services contract to Ramboll for its upstream operations...
POSH providing accommodations for Prelude FLNG
(6/26/2016) PACC Offshore Services Holdings has received a contract from Technip Oceania to support Shell's Prelude floating liquefied natural gas vessel...

Bluewater signs Lloyd's Register for integrity engineering services
(6/26/2016) Bluewater Energy Services has concluded a two-year integrity engineering services framework contract with Lloyd's Register, one of three companies...

Oilex gearing up for new well on India's Cambay Field
(6/26/2016) Oilex is preparing to drill a new vertical well in Gujarat, India's Cambay Block and Field to target Eocene siltstone prior to a horizontal extension...

Netherlands' Groningen gasfield production cut 10%
(6/26/2016) The government of the Netherlands has decided to reduce the cap on gas production at the giant Groningen gasfield onshore in the northern province...

Rosneft agrees to potential sale of Verkhnechonskneftegaz stake
(6/26/2016) Rosneft has signed a heads of agreement with Beijing Enterprises Group that includes the potential sale interest in the East Siberia subsidiary...

Total drilling wildcat not far from Martin Linge Field off Norway
(6/24/6016) Total E&P Norge has begun drilling operations at its wildcat well near its operated Martin Linge Field in the Norwegian sector of the North Sea...

SeaBird providing 2D vessel for NW Europe survey
(6/24/2016) SeaBird Exploration has signed an agreement to supply one 2D seismic acquisition vessel for an upcoming survey off northwestern Europe...

Finder granted Ashmore Cartier exploration block in Timor Sea
(6/24/2016) Finder Exploration has been awarded an exploration permit in the Ashmore Cartier area off Western Australia in the Vulcan area of Bonaparte Basin...

Oil & Gas UK calls for minimize uncertainty following EU exit vote
(6/24/2016) Oil & Gas UK, which represents the offshore oil and gas industry in Britain, has called for the UK government to clearly outline the process ahead...
US working rotary rig count down by 3 this week
(6/24/2016) Baker Hughes has reported that there were three less rigs in the working rig count for the United States this week at 421...

KS Energy & ZPMC delay delivery of newbuild jackup
(6/24/2016) KS Energy and Shanghai Zhenhua Heavy Industry have amended contract terms for delivery of a jackup drilling rig being built at the ZPMC yard...

IBM to collaborate with Gazprom Neft in E&P tech
(6/24/2016) Gazprom Neft has signed a memorandum of cooperation with covering the use of information technologies in exploration and production...
Ecopetrol launches Ronda Campos 2016 licensing competition
(6/24/2016) Empresa Colombiana de Petroleos has launched a bidding process offering the Colombian national oil company's interests in 20 production assets...

HALO acquires Premier Oil's 5 Western Sahara licenses
(6/24/2016) Hague and London Oil subsidiary, Maghreb Exploration, has acquired Premier Oil SADR, holder of interests in five exploration licenses...

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

World to feel effects of British vote to leave EU

Dev George
Managing Editor

Yesterday's British vote to leave the European Union has sent shockwaves across the globe that have plunged financial markets, included oil trading, into disarray and begun a wide-sweeping political change that will be felt throughout the world
The "leave" vote was unexpected, as virtually all analysts and commentators predicted the "remain" vote would win...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Crude futures keep falling on fallout from Brexit

(6/27/2016) The week's trade got off to a tumultuous start today as last week's vote in the UK to withdraw from the European Union continued to take its toll on the oil price rebound, sending both North Sea Brent and West Texas Intermediate (WTI) lower by about 8% since the results of the referendum stunned the world last Thursday, with our monitored benchmarks falling 3% just today...⇒⇒⇒
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