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Latest Headlines

Gazprom makes discovery in Sakhalin III Kirinsky Prospect
Gazprom has discovered a substantial gas and condensate field offshore Sakhalin Island in the Russian Far East with its exploration and appraisal well...

THHE & McDermott going separate ways
(9/26/2016) TH Heavy Engineering has advised it and McDermott International have agreed to end their three-year partnership for EPCI projects in Malaysia...
PGS completes Breanann 3D shoot in Ireland's Porcupine Basin
(9/26/2016) Petroleum Geo-Services has completed the Breanann 3D seismic acquisition program, in the northern Porcupine Basin offshore Ireland...

Jackup Maersk Resolve released early by Dong Energy
(9/26/2016) The Dansk Olie og Naturgas operating unit Dong Energy has terminated its contract for the jackup drilling rig Maersk Resolve prior to its ending period...

Lamprell to upgrade Jacktel's Haven accommodation service vessel
(9/26/2016) Lamprell has received a new contract award from the Jacktel subsidiary of Master Marine for the upgrade of the jackup accommodation rig Haven...

Petrolia set to drill lateral in Quebec's Gaspe Peninsula Bourque-1
(9/26/2016) Societe d'Exploration de Petrole au Quebec (Petrolia) has begun work to enable the drilling of the lateral section in its Bourque-1 exploration well...

Winchester takes 50% stake in new White Hat well in West Texas
(9/26/2016) Winchester Energy will participate with a 50% working interest in the new White Hat 38-2 well on the White Hat ranch oil lease in Nolan County, Texas...
Condor puts Kazakhstan's Shoba oilfield on production
(9/26/2016) Condor Petroleum commenced commercial oil production at the Shoba oilfield in Kazakhstan on 18 September with current stabilized production...

RAK wraps up Cote d'Ivoire field development for Foxtrot
(9/26/2016) RAK Petroleum has completed its four-year, US$850 million field development program by operator Foxtrot International off Cote d'Ivoire...

NSAI upgrades risk assessment for Hyperdynamics' Guinea prospects
(9/26/2016) Hyperdynamics has received an updated exploration risk assessment of its top two drilling prospects that increases the probability of exploration success...

Four companies up for Canada's Northwest Territories blocks for life
(9/25/2016) Canada's Northwest Territories Office of the Regulator of Oil and Gas Operations has recommended award of significant discovery licenses...
Avengers bomb Bonny export line in Nigeria's Rivers state
(9/25/2016) The militant organization Niger Delta Avengers has ended the negotiated ceasefire and bombed the Bonny export pipeline in Nigeria's River state...

Brazil's 14th round & 2nd subsalt auctions together in 2017
(9/25/2016) Brazil's Agencia Nacional do Petroleo is expected to hold the 14th licensing round for exploration rights along with its second auction of subsalt PSAs...
Four companies up for Canada's Northwest Territories blocks for life
(9/25/2016) Canada's Northwest Territories Office of the Regulator of Oil and Gas Operations has recommended award of significant discovery licenses...

Indonesia dropping exploration taxes to boost licensing
(9/25/2016) To increase oil and gas exploration and encourage more international companies to acquire exploration licenses, taxes will be eliminated...

Kenya suspends exploration in area disputed with Somalia
(9/25/2016) Kenya's Attorney-General Githu Muigai has informed the International Court of Justice in The Hague that his country has suspended all exploration activities...

Grounded Transocean Winner removal bid cancelled
(9/25/2016) The semisubmersible drilling rig Transocean Winner, grounded early last month on Scotland's Isle of Lewis will stay in place a while longer...

Helis walking away from Louisiana shale oil project
(9/25/2016) Helis Oil & Gas has determined that its St Tammany Parish, Louisiana shale oil project is not commercially viable and is abandoning operations...

Netherlands' giant Groningen gasfield output restricted
(9/25/2016) The Netherlands government has decided to adopt a preliminary plan to reduce production from the giant Groningen gasfield over the next five years...

OGPar relinquishing offshore Brazil Tubarao Azul Field
(9/23/2016) Oleo e Gas Participacoes has advised that it is withdrawing from the license for the Tubarao Azul Field in Block BM-C-41, Campos Basin, off Brazil...

Petrofac takes over ownership of Lewek Emas FPSO
(9/23/2016) The floating production, storage, and offloading vessel Lewek Emas has been acquired by Petrofac in a transaction with Emas Offshore and PetroFirst...

US working rotary rig count higher by 5 rigs this week
(9/23/2016) Baker Hughes has reported there were five rigs that joined the United States' working rig fleet this week to increase the total number to 511...

Norwest farming out Xanadu exploration well off Western Australia
(9/23/2016) Norwest Energy has executed termsheets with Transerv Energy and Triangle Energy for their farm-in on the drilling of the Xanadu-1 exploration well...

Prior to test Quadrant confirms Roc-2 gas condensate
(9/23/2016) Carnarvon Petroleum has reported that the operator of WA-437-P permit and its Roc-2 appraisal well, Quadrant Petroleum, has confirmed condensate...

Polarcus lined up for 8th XArray seismic survey offshore Europe
(9/23/2016) Polarcus has received a letter of intent for another 3D marine seismic acquisition offshore Europe utilizing its XArray multiple source method...
Canacol expanding drilling by 4 new wells in Colombia
(9/23/2016) Canacol Energy has revised its capital plan for the year to accelerate its operations in Colombia with the drilling of three new gaswells and a new oil well...

Sound Energy & PetroMaroc revise agreement on Sidi Moktar permits
(9/23/2016) Sound Energy and PetroMaroc have revised their March agreement for the acquisition by Sound of 50% operating interest in the onshore Morocco blocks...

Baron & SundaGas in new SE Asia E&P venture
(9/23/2016) Baron Oil has entered into a joint venture with SundaGas exploration and production company to search for new opportunities in Southeast Asia...
Aminex contracts rig to drill Ntorya-2 well in Tanzania's Ruvuma Basin
(9/23/2016) Aminex has executed a rig contract for the drilling of the Ntorya-2 appraisal well onshore Tanzania's Mtwara License in the Ruvuma Basin...

Saipem wins new drilling contracts & extensions worth $430 million
(9/22/2016) Saipem has been awarded new contracts and extensions to existing contracts in Saudi Arabia and Argentina worth more than US$430 million...

Greenland putting 3 onshore blocks up for bid
(9/22/2016) Greenland's Bureau of Minerals and Petroleum has officially launched the second round of onshore oil and gas exploration licensing with three blocks...

Sampang JV approves project sustainability strategy
(9/22/2016) Cue Energy Resources has reported the Sampang Joint Venture led by Santos has approved the Sampang Sustainability Project to extend life of fields...

Spectrum shooting MC 3D seismic survey in Norwegian Barents Sea
(9/22/2016) Spectrum has begun acquisition of a 1,800 sq km multi-client 3D seismic survey offshore Norway in the Western Barents Sea to tie in and complement...

Ring to complete 3 San Andres horizontal wells in Texas Delaware Basin
(9/22/2016) Ring Energy has concluded drilling its three-well horizontal program in its Central Basin Platform asset in the Texas section of the Delaware Basin...

PSDM of Phase 1 Western Australia Davros 3D MC survey completed
(9/22/2016) CGG has advised the final pre-stack depth-migrated data for Phase 1 of its Davros 3D multi-client survey in the Northern Carnarvon Basin is available...

Alvopetro's latest exploration well in Bahia, Brazil a dry hole
(9/22/2016) Alvopetro Energy has completed drilling its 256(A1) well in the Reconcavo Basin in Brazil's Bahia state without encountering significant hydrocarbons...

Eni upgrades Egypt's Baltim Southwest to 1 Tcf gas
(9/22/2016) Ente Nazionale Idrocarburi has upgraded the field potential of Egypt's Baltim Southwest to 1 Tcf of gas in place following its appraisal well...

Petronas licenses WesternGeco MC 3D Mexican Gulf seismic
(9/22/2016) Schlumberger has licensed Petronas E&P Overseas Ventures for a significant part of the WesternGeco Campeche wide-azimuth deepwater...

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

Time to revise thinking on climate change

Dev George
Managing Editor

We've dissembled long enough on the issue of climate change. There can be no doubt that the world is facing its greatest challenge with ever-increasing extreme weather, growing temperatures, and rising oceans threatening the lives and livelihoods of people around the planet and that the primary cause of this dramatic transformation in global weather and temperature is the production of carbon dioxide and other greenhouse gases...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Prices tumble on data showing oil glut growing

(9/23/2016) Traders at both the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) closed out this week's trade by sending all of our monitored benchmarks down an average of US$1.76/bbl with the exception of Tapis, which reported another increase in its per bbl price....⇒⇒⇒
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