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Latest Headlines

Engie spuds northern Norwegian North Sea Cara exploration well
Engie E&P Norge has commenced drilling operations at its Cara exploration well in the northern part of the Norwegian sector of the North Sea in PL636...

Husky in race to clean-up Saskatchewan oil spill in river
(7/22/2016) Husky Energy crews are working to clean-up a large spill of heavy oil and diluent that has spilled from a pipeline in its Saskatchewan gathering system...
Alberta's Nisku L2L Pool production back onstream
(7/22/2016) Ironhorse Oil & Gas has advised that Sinopec, operator of the Pembina Nisku L2L Pool in central Alberta, Canada, has restarted production...

Spectrum shooting 15,000-km 2D MC survey offshore Brazil
(7/22/2016) Spectrum has commenced its new 15,000-km multi-client 2D seismic survey offshore Brazil in the Santos and Campos Basins as an extension...

PGS predicting improved seismic market in 2017
(7/22/2016) Petroleum Geo-Services' CEO Jon Erik Reinhardsen has advised that his company expects the global seismic market to stabilize and improve..

US working rotary rig count higher by 15 rigs this week
(7/22/2016) Baker Hughes has reported that there were 15 additional rigs in the working rig count for the United States this week raising the number to 462...

Algeria's ROD integrated development PSC extended 10 years
(7/22/2016) The Rhourde Ouled Djemma integrated development unit in Algeria has been extended by an additional ten years to facilitate further development...

Contango paying $25 million for half interest in Pecos County, Texas acreage
(7/22/2016) Contango Oil & Gas has agreed to purchase half of seller's interests in about 12,100 gross undeveloped acres in the Southern Delaware Basin...

Janus wins security contract for southern Iraq operator
(7/22/2016) Janus Global Operations has been contracted to provide security and risk management services in southern Iraq for a major international oil company...
UKOG ups stake in UK Weald Basin licenses
(7/22/2016) UK Oil & Gas Investments has increased its interests in UK onshore licenses containing the Horse Hill, Portland, and Kimmeridge discoveries...

Torchlight's Texas Midland Basin Flying B Ranch-1 at total depth
(7/22/2016) Torchlight Energy Resources has reached total depth in the Flying B Ranch-1 exploration well in its Hazel Prospect in Texas' Midland Basin...
UK North Sea Stella Field floating production unit set for sea trials
(7/22/2016) Ithaca Energy has reported the FPF-1 floating production unit destined for the Stellal Field in the UK North Sea has completed required inclination tests...

J-W Operating oil & gas assets sold to Aethon United
(7/21/2016) J-W Energy has revealed that substantially all of the oil and gas assets owned by its J-W Operating Company have been sold to Aethon United...
Lundin kicks off 2016 Barents Sea exploration drilling
(7/21/2016) The Lundin Norway unit of Lundin Petroleum has begun its exploration and appraisal campaign for this year with a drilling program in the Loppa High...

PTTEP-led JV awarded Sarawak block by Petronas
(7/21/2016) A Sarawak, Malaysia block in the South China Sea has been awarded by Malaysian national oil company Petroliam Nasional to a joint venture...

Zennor successfully appraises UK North Sea Finlaggan discovery
(7/21/2016) The Zennor Pathway subsidiary of Zennor Petroleum has reported its Finlaggan discovery appraisal in the UK central North Sea has verified...

Noble puts deepwater US Gulf's Gunflint Field onstream
(7/21/2016) Noble Energy has commenced production at its deepwater US Gulf of Mexico Gunflint Field in Mississippi Canyon 948 via a subsea tie-back...

ExxonMobil acquiring InterOil for $2.5 billion
(7/21/2016) ExxonMobil has concluded an agreement for the acquisition of InterOil and its holdings in Papua New Guinea in a transaction totaling US$2.5 billion...

Safe Zephyrus ruled in compliance with Norwegian regulations
(7/21/2016) The Norwegian Petroleum Safety Authority has provided acknowledgement of compliance with Norwegian regulations for Prosafe's Safe Zephyrus...

Technip wins SCT&E LNG contract for Louisiana LNG export terminal
(7/21/2016) Technip has been awarded a master services agreement by SCT&E LNG for its proposed US$6.9 million, 12 mtpa liquefied natural gas export terminal...

Stork wins 2-year UK North Sea contract from Repsol Sinopec
(7/21/2016) Fluor's Stork subsidiary has been awarded a two-year fabric maintenance and asset support services contract by Repsol Sinopec Resources UK...

Oil Search making no counter offer to ExxonMobil's bid for InterOil
(7/21/2016) Oil Search has informed InterOil Corporation it does not intend to submit a revised offer for InterOil under the 20 May arrangement agreement...

Queensland offering 2 permits for bid in Bowen & Surat Basins
(7/20/2016) The Queensland Department of Natural Resources & Mines has issued a call for tenders for two oil and gas exploration and development permit areas...

Ukraine accuses Russia of violating International maritime law
(7/20/2016) Ukrainian Foreign Minister Pavlo Klimkin has revealed that Russia is continuing to violate Ukrainian sovereignty and international maritime laws...

CNPC evacuates most employees from South Sudan
(7/20/2016) China National Petroleum Corporation has evacuated all but the most essential employees in South Sudan as the armed conflict escalates...

Petronas passes Berantai Field operation to Vestigo Petroleum
(7/20/2016) Petroliam Nasional has appointed subsidiary Vestigo Petroleum as operator of the Berantai Field off Peninsular Malaysia following the risk service contract...

Painted Pony puts Montney BC gas onstream
(7/20/2016) Painted Pony Petroleum has advised commercial operations have begun at its Montney assets in northern British Columbia at its Townsend Facility...

Paragon stacks drillship & semisubmersible in Puerto Rico
(7/20/2016) Paragon Offshore has reported stacking two members of its fleet in Puerto Rico, the drillship Paragon DPDS2 and the semisubmersible Paragon MSS2...

Fatal fall during Aasta Hansteen platform construction
(7/20/2016) Statoil has reported a worker at Hyundai Heavy Industries' Ulsan, South Korea yard has died in an accident during construction of the spar platform...
Odfjell's Deepsea Metro I drilling off Malaysia for Petronas
(7/20/2016) Odfjell Drilling has reported its ultra-deepwater drillship Deepsea Metro I has commenced a contract with the Petronas Carigali off Malaysia...

Songa Enabler receives Norway's Acknowledgement of Compliance
(7/20/2016) The Petroleum Safety Authority of Norway has awarded its Acknowledgement of Compliance to Songa Offshore's new semisubmersible...

Brexit investment uncertainty producing UK North Sea field shutdowns
(7/20/2016) As the potential ramifications of the British withdrawal from the European Union become more manifest, the prospect of lessened investment grows...

Front Puffin FPSO commissioned on Nigeria's Aje Field
(7/20/2016) Yinka Folawiyo Petroleum has commissioned the Front Puffin floating production, storage, and offloading vessel on Nigeria's offshore Aje Field...

Premier spuds Bagpuss exploration well in UK North Sea
(7/20/2016) North Sea Energy has reported that operator Premier Oil has commenced drilling the Bagpuss heavy oil exploration well in the North Sea Moray Firth...

Ensco picks up 5 rig contracts, sells 6 rigs for scrap
(7/19/2016) Ensco has reported receiving five rig contracts in its latest fleet status report, had one contract terminated early, and has sold six rigs for scrap...

US Silica buys New Birmingham NBR Sand for $210 million
(7/19/2016) US Silica Holdings has purchased the NBR Sand unit from New Birmingham for approximately US$210 million, subject to adjustments...

Det Norske installs Ivar Aasen platform offshore Norway
(7/19/2016) Det Norske Oljeselskap installed the Ivar Aasen Field's platform in the Norwegian sector of the North Sea after its long journey from Singapore...

BP contracts Aberdeen Drilling Consultants for global services
(7/19/2016) Aberdeen Drilling Consultants, a rig inspection consultancy based in Scotland, has been awarded a contract by BP to provide engineering services globally...
ExxonMobil drilling 3rd exploration well off Guyana
(7/19/2016) ExxonMobil has commenced drilling operations on its next exploration well offshore Guyana in the block where the large Liza oil discovery was made...

Libya's Sarir oilfield shut-in due to protests at Hariga terminal
(7/19/2016) The eastern Libya oil export terminal at Hariga has been shutdown due to a protest over unpaid salaries by members of the Petroleum Facilities Guard...

Excelerate contracted to build Bangladesh's first LNG terminal
(7/19/2016) Bangladesh's Ministry of Power, Energy, and Mineral Resources has contracted Excelerate Energy Bangladesh to construct the country's first...

Mexico sets contract & licensing terms for shallow water round
(7/19/2016y) Mexico's Comision Nacional de Hidrocarburos has approved the shallow water licensing terms and contracts for the initial phase of its upcoming round...

CGG commences 3D shoot in Gulf of Thailand for KrisEnergy
(7/19/2016) KrisEnergy has reported that CGG has begun an 884 sq km 3D seismic acquisition program on its behalf in the Thai sector of the Gulf of Thailand...

Devon record well in successful Oklahoma STACK spacing test
(7/19/2016) Devon Energy has brought online another successful spacing pilot and a record-setting oilwell in the over-pressured oil window of the STACK play...

Magseis selects Sonardyne acoustics for S78 Red Sea seismic survey
(7/19/2016) Magseis is using acoustic positioning equipment from Sonardyne International in its upcoming deepwater ocean bottom seismic survey...

NIOC installs South Pars Phase 19A platform
(7/18/2016) National Iranian Oil Company has installed the South Pars Phase 19 platform in the Iranian sector of the Persian Gulf in the South Pars Field...

PNG investors take third-ownership of Rawson's Dondonald subsidiary
(7/18/2016) Rawson Resources has sold 33% ownership of its Dondonald subsidiary to a group of local investors in Papua New Guinea for US$568,000...

LGO's Trinidad Goudron Field reserves up by 20%
(7/18/2016) LGO Energy has received the results of the latest annual independent resource review of its 100% operated Goudron Field in southeast Trinidad...

Wood Group UK North Sea workers set 24-hr strike
(7/18/2016) Some 300 employees of Wood Group that are members of the RMT and Unite unions have voted to carry out a 24-hour strike in a pay dispute...
HHI delivers world's largest semisubmersible drilling rig to Diamond
(7/18/2016) Hyundai Heavy Industries has delivered the Ocean GreatWhite, the world's largest semisubmersible drilling rig, to drilling contractor Diamond Offshore...

Marksmen concludes initial production tests of Pickaway, Ohio well
(7/18/2016) Marksmen Energy and its joint operating partner Houghton Investments have production tested the Davis-Holbrook-1 well, in Ohio's Pickaway County...
Queensland's Emu Apple Field set for restart next month
(7/18/2016) Amour Energy has advised that oil production from the Emu Apple Field in Queensland, Australia Kincora assets is scheduled to restart in August...

Enviro approval granted for 3 wells in Nigeria's Ororo Field
(7/18/2016) Sirius Petroleum has received approval from the Nigerian Federal Ministry of Environment of its environmental impact assessment survey...

American Securities buys Ulterra Drilling Technologies
(7/18/2016) American Securities has acquired manufacturer of polycrystalline diamond compact drillbits, Ulterra Drilling Technologies, from ESCO Corporation...

Sembcorp delivers world's largest jackup rig to Noble
(7/18/2016) Sembcorp Marine has delivered the Noble Lloyd Noble, the world's largest jackup drilling rig, that is ultra high specification and for harsh environments...

Range drilling new producer on Trinidad's Morne Diablo Field
(7/18/2016) Range Resources has advised that the MD 51-2 development well in Trinidad's Mornel Diablo Field was spudded on 15 July and is drilling ahead...

ExxonMobil tops Oil Search bid for PNG player InterOil
(7/18/2016) InterOil has advised that ExxonMobil has made an unsolicited offer to acquire the company that its board of directors has determined is superior...

PPL's Hadi X-1A a gas discovery in Sindh, Pakistan
(7/18/2016) Pakistan Petroleum Limited, operator of Gambat South Block in Pakistan's Sindh Province's Sanghar District, has reported achieving a gas discovery...

Venezuela in economic crisis with oil output at 13-year low
(7/17/2016) Venezuela's oil production has fallen to 2.18 million b/d since the beginning of this year taking it to a 13-year low due to the ravages of low oil prices...
Brazil's ANP approves suspension of production at 16 Petrobras fields
(7/17/2016) The Brazilian government petroleum industry regulator has given Petroleo Brasilero permission to suspend production at 16 facilities to reduce costs...

Tullow confirms Ghana's TEN Fields FPSO back online in August
(7/17/2016) Tullow Oil's Ghana subsidiary has advised the John Evans Attah Mills floating production, storage, and offloading vessel is on track for first oil...

ExxonMobil warned not to repair bombed pipelines or terminal
(7/17/2016) The Niger Delta Avengers has warned ExxonMobil not to repair its Qua Iboe oil export terminal in Nigeria's Akwa Ibom state or its pipelines...

Socar relaunches Azerbaijan's Gunashli Field platform 10 with new well
(7/17/2016) The State Oil Company of Azerbaijan Republic has put onstream the first new well on the Gunashli Field's platform 10 since the December fire...

Worker killed on FDL Energy field in Wyoming
(7/17/2016) An employee of C. L. Well Service has been killed during a well workover operation on the Fleur de Lis Energy Salt Creek Field near in Natrona County...
Unauthorized fluid discharge shuts down Henry Goodrich semisubmersible
(7/17/2016) The Canada-Newfoundland & Labrador Offshore Petroleum Board has advised the semisubmersible drilling rig Henry Goodrich has been shutdown...

HAL Offshore's Seamec II charter to ONGC expanded
(7/17/2016) HAL Offshore's Seamec subsidiary has concluded an agreement with Oil and Natural Gas Corporation to expand its contract to about US$33.4 million...

New security vessels to protect Nigerian Agip offshore operations
(7/17/2016) Two new offshore security patrol vessels have been deployed in the Gulf of Guinea off Nigeria to provide protection for Nigerian Agip facilities and personnel...

US BOEM to require increased financial assurance for oil & gas leases
(7/17/2016) The US Bureau of Ocean Energy Management has notified companies with leases in federal waters it is updating financial requirements for decommissioning...

IPH acquires Polo stake in Equus Petroleum & Kazakh concession
(7/17/2016) International Petroleum Holding is acquiring Polo Resources' interest in Kazakhstan's Equus Petroleum and its stake in the Sarybulak Field...

Deepwater ROV expedition acquires bathymetry data off Norway
(7/17/2016) The Norwegian Petroleum Directorate has carried out four successful ROV dives and has acquired depth data near the Norwegian Sea's Voring Spur...

 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 down 4% on the week on oil glut

(7/22/2016) Crude futures prices fell again today on renewed concerns about the global oil glut as traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) sent prices down 4% on the week to once again leave this week's trade down in the mid-US$40s per bbl...⇒⇒⇒
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