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Latest Headlines

Eni makes billion-bbl oil discovery offshore Congo
Ente Nazionale Idrocarburi has achieved an important oil discovery with its Minsala Marine-1 exploration well offshore Congo in the Marine XII Block...

Keppel FELS building Super B Class jackup for BOTL
(10/31/2014) The Bank of Tokyo-Mitsubishi UFJ's BOT Lease Company has ordered construction of a KFELS Super B Class jackup rig at about US$240 million...

BPZ scores gas discoveries onshore Peru with Piedra Candela-3X
(10/31/2014) BPZ Energy has reported achieving a gasfield discovery with its Piedra Candela-3X exploration well in the northeastern part of its onshore block...

Tethys shooting 2D over Tajikistan's Bokhtar Block
(10/31/2014) Tethys Petroleum's Kulob Petroleum subsidiary has commenced the acquisition of 2D seismic within the Bokhtar Block in Tajikistan...

MOL wins approval for Akri-Bijeel development in Kurd Iraq
(10/31/2014) The MOL Kalegran unit of Magyar Olaj-es Gazipari, the operator of the Akri-Bijeel Block in Kurdistan Iraq, has received approval of its plan...

EMGS receives $7 million 3D EM data acquisition project
(10/31/2014) Electromagnetic Geoservices has reported receiving a letter of intent for a 3D electromagnetic data acquisition in Thailand and Myanmar...

Exoma exits Queensland's 4 Galilee JV exploration permits
(10/31/2014) Exoma Energy has withdrawn from the Galilee Joint Venture exploration permits in Queensland, Australia effective 1 January 2015...

ICA Fluor wins Shell contract for northern Alberta heavy oil project
(10/31/2014) Shell Canada Energy has contracted the Fluor and Empresas ICA joint venture for modular fabrication and procurement services for 13 wellpads...

Mexco buys royalty interests in 27 Texas counties
(10/31/2014) Mexco Energy has purchased various royalty interests for US$1 million covering approximately 1,800 mostly gas wells in 27 counties of Texas...

CGG awarded 3D broadband seismic shoot off Western Australia
(10/31/2014) Neon Energy has awarded a contract to CGG Services for 200 sq km of new broadband 3D seismic data over Western Australia permit WA-503-P...

Cairn drilling 2nd deepwater probe offshore Senegal
(10/30/2014) Cairn Energy's subsidiary Capricorn, has commenced drilling operations on the second planned exploration well on Senegal's Sangomar Deep Block...

SeaBird receives letter of intent for 2D shoot in Asia-Pacific
(10/30/2014) SeaBird Exploration has received a letter of intent for acquisition of a 2D seismic survey in the Asia-Pacific region with its vessel Hawk Explorer...

CGG & BP to develop new marine vibratory seismic sources
(10/30/2014) CGG and BP have agreed to collaborate in research and development of new types of marine vibratory seismic sources based on prototype trials...
Oryx testing Demir Dagh Field appraisals in Kurd Iraq
(10/30/2014) Oryx Petroleum has concluded drilling the Demir Dagh-7 and -8 appraisal wells on the Demir Dagh Field in Kurdistan Iraq's Hawler Block...

InterMoor completes role in US Gulf Red Hawk spar decommissioning
(10/30/2014) Acteon's InterMoor unit has successfully completed its contract supporting the decommissioning of Anadarko Petroleum's Red Hawk platform...

Eureka wins Barents Sea Goliat services contract
(10/30/2014) The Eni Norge unit of Ente Nazionale Idrocarburi has awarded a contract to Eureka Pumps for services related to the Barents Sea Goliat platform...

World's largest jackup launched by Maersk Drilling
(10/30/2014) Maersk Drilling has launched its XL Enhanced-2 jackup drilling rig Maersk Interceptor at the GMC Marine Partners yard in Mekjarvik, Norway...

Beach completes stim program on another ATP855 well
(10/30/2014) Beach Energy has completed the hydraulic stimulation program on the Etty-1 well in Queensland, Australia's Nappamerri Trough gas play...

DONG & Total to jointly develop UK's Edradour & Glenlivet Fields
(10/30/2014) Dansk Olie og Naturgas operating unit DONG Energy has agreed to divest 5% of the UK Edradour Field to Total E&P UK to align its participation...

Petrofac receives year extension on Iraq's offshore Al Fao Project
(10/30/2014) Petrofac has received a second 12-month contract extension from Iraq's South Oil Company for its Iraq Crude Oil Export Expansion Project...

Carrizo adds more Eagle Ford acreage in Texas
(10/30/2014) Carrizo Oil & Gas has acquired additional leasehold and producing interests in the Eagle Ford Shale play in Texas from Eagle Ford Minerals...

Norwest prepping to drill Xanadu Prospect off Western Australia
(10/30/2014) Norwest Energy has commenced the planning phase for the proposed drilling of oil prospect Xanadu offshore Western Australia's Perth Basin...

Eco Atlantic picking up 2D over Namibia's Sharon Block
(10/30/2014) Eco Atlantic Oil & Gas has acquired two previously shot 2D seismic surveys over the Sharon Block offshore Namibia in the Walvis Basin...

Leni lines up ARKeX for FTG airborne survey in Trinidad
(10/30/2014) Leni Gas & Oil has agreed to acquire a license to a full-tensor gravity gradiometry airborne survey over the onshore Southern Basin of Trinidad...

GeoPark estimates Tigana Field reserves in Colombia
(10/30/2014) GeoPark has reached a preliminary internal reserve estimate for its Tigana Field onshore Colombia in the Llanos Basin following drilling, production...

Egdon's UK well Burton on the Wolds proves all wet
(10/30/2014) Egdon Resources is currently plugging and abandoning its conventional exploration well Burton on the Wolds-1 ionshore the UK in Leicestershire...

Lundin drilling Norwegian Sea Lindarormen Prospect
(10/30/2014) Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has commenced drilling its exploration well on the Lindarormen Prospect...

Eni exiting Australia's Heron area offshore Northern Territory
(10/29/2014) MEO Australia has advised that the Eni Australia subsidiary of Ente Nazionale Idrocarburi has elected not to drill an additional well...

PanAmerican orders 10 Sercel Nomad 65 Neo vibrators
(10/29/2014) Sercel has received an order from PanAmerican Geophysical for ten of the company's new model Nomad 65 Neo broadband vibrator vehicles...

3D Oil signs Polarcus to shoot Tasmania Otway Basin 3D survey
(10/29/2014) 3D Oil has contracted the Polarcus Asima to acquire the Flanagan 3D seismic survey in the T/49P permit area offshore Tasmania, Australia...

BW Offshore gets 2-year extension for FPSO Berge Helene
(10/29/2014) BW Offshore has received a two-year contract extension for lease and operation of the Berge Helene FPSO on the Chinquetti Field off Mauritania...

Pitched battle underway for Syria's Sha'ar gasfield
(10/29/2014) The Islamic State forces are making an all-out effort to retake Syria's Sha'ar gasfield east of Homs from pro-government troops, who recaptured it...

BGP & Searcher to shoot 2D & 3D MC surveys off Australia
(10/29/2014) Searcher Seismic in cooperation with the Bureau of Geophysical Prospecting is preparing for a major multi-client seismic acquisition...

Leni drilling 7th of 30 Goudron Field development wells
(10/29/2014) Leni Gas & Oil has begun drilling its GY-670 well, the seventh of 30 planned new development wells on the Goudron Field in Trinidad...

Key gas discovery on Turkey's Gallipoli Peninsula
(10/29/2014) Marsa Energy has made a significant gas discovery with its operated Poyraz West-1ST exploration well onshore in the Thrace Basin...

Tengizchevroil contracts Bechtel for Tengiz Field work
(10/29/2014) The Chevron, ExxonMobil, KazMunayGas, and LukArco joint venture has awarded Bechtel a contract for engineering, procurement, and construction...

Mubadala set for startup of Manora Field in Gulf of Thailand
(10/29/2014) Mubadala Petroleum, operator of the Manora Field joint venture, has advised the first three development wells have been completed...

SeaBird & Searcher concluded 2D shoot off East Palawan, Philippines
(10/29/2014) Searcher Seismic and SeaBird Exploration have completed their Mialara 2D seismic survey in cooperation with the Philippines Department of Energy...

Senex spuds Akela-1 in South Australia Cooper Basin
(10/29/2014) Cooper Energy has advised that Senex Energy has commenced drilling operations on its exploration well Akela-1 in South Australia's Cooper Basin...

KKR joins Anadarko East Texas Eaglebine development
(10/29/2014) KKR Partners has become a non-operating partner with Anadarko Petroleum in development of its acreage in Texas' Eaglebine play...

Yoho taps down Kaybob Duvernay horizontal producer
(10/29/2014) Yoho Resources has concluded drilling a horizontal well in its Duvernay program at Kaybob, Alberta at a total measured depth of 5,081 meters...

CGG receives prefunding for entire US Gulf StagSeis surveys
(10/29/2014) CGG has obtained a commitment for prefunding the entire 871 offshore block StagSeis multi-client seismic acquisition in the US Gulf of Mexico...

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

US to surpass Saudi Arabia in oil & gas liquids this month

Dev George
Managing Editor

At a time when major oil producers should be cutting back their output to prevent crude prices from falling event further, both the United States and Saudi Arabia are pulling out all the stops to ramp up their production even higher. In August, they were both producing approximately 11.5 million b/d of crude oil and liquid petroleum products...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
All but Tapis higher on Fed US economy confidence

(10/29/2014) The US Federal Reserve advised today that it is ending its two-year stimulus program to keep interest rates low and boost the economy by buying billions of dollars in bonds each month. It said that this "quantitative easing," program ends this month because the US economy has grown stronger, unemployment is at its lowest in six years (5.9%), and the GDP has grew 4.6% in the second quarter...⇒⇒⇒
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