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Latest Headlines

Apache makes 1st Canning Basin oil discovery off Western Australia
Apache Corporation has achieved an significant oil discovery with its Phoenix South-1 exploration well offshore Western Australia...

BOP leak halts Sevan Louisiana operations in US Gulf
(8/19/2014) Sevan Drilling has suspended operations with its ultra-deepwater drilling rig Sevan Louisiana, which was drilling in the US Gulf of Mexico for LLOG...

Reliance Industries pegs $2 billion for US shale gas projects
(8/19/2014) Reliance Industries Ltd has decided to invest some US$2 billion in the three shale gas project joint ventures that it currently has in the United States...

Bumi Armada JV awarded $1.18 billion Madura BD FPSO contract
(8/19/2014) Bumi Armada has revealed its subsidiary Bumi Armada Offshore Holdings and partner Armada Gema Nusantara have received an FPSO contract...

Minox contracted for Egina FPSO deoxygenation system
(8/19/2014) Total and Samsung Heavy Industries have contracted Minox Technology to provide the deoxygenation system for the deepwater Nigeria Egina FPSO...

McDermott to remove Anadarko's US Gulf Red Hawk spar
(8/19/2014) McDermott International has been contracted by Anadarko Petroleum for construction and decommissioning of the Red Hawk spar platform...

Xinjiang, China exploration opening to private companies
(8/19/2014) China National Petroleum Corporation has revealed that plans to open up oil and gas exploration and development in Xinjiang to private entities..

Ineos Upstream buys Scotland shale E&P license
(8/19/2014) Ineos has purchased a 51% interest in the onshore license surrounding its refining and petrochemical complex at Grangemouth, Scotland...

SBI wins jackup design & engineering services project
(8/19/2014) SBI Offshore Limited has secured a US$24 million contract to provide design and engineering for a newbuild jackup for 360-ft water depths...

Three wells & seismic set to start on Tomsk, Russia license
(8/19/2014) PetroNeft Resources has advised that with completion of the farmout to Oil India Limited of in Russia's License 61, three wells are scheduled for drilling...

Exploration of Australia's Browse Basin block extended
(8/19/2014) IPB Petroleum has reported the Commonwealth-Western Australia Offshore Petroleum Joint Authority has granted a suspension and extension..

DOF Subsea lines up $134.7 million in contracts
(8/19/2014) DOF Subsea has been awarded multiple contracts in Asia-Pacific, West Africa, and North America worth approximately US$134.7 million in total...

West Texas Resources adds Palo Duro Basin prospect
(8/19/2014) West Texas Resources has acquired a 50% working interest in an oil and gas prospect located in the Palo Duro Basin in Hale County, Texas...

NNPC assigns 20% stake in offshore license to SacOil
(8/19/2014) SacOil has reported the assignment of 20% equity in Block OPL233 offshore Nigeria by Nigerian National Petroleum Corporation...

Pacific Energy Development drilling 3 Wattenberg wells
(8/19/2014) Pacific Energy Development has spudded the first of three back-to-back wells on its Wattenberg Asset in Colorado's DJ Basin Niobrara Shale...

Production launched at Statoil's North Sea Gudrun platform
(8/19/2014) Norway Prime Minister Erna Solberg has officially opened the Gudrun Platform in the Norwegian North Sea, the first new Statoil-operated platform...

Petrobras picks FMC for 5 subsea manifolds for presalt fields
(8/19/2014) FMC Technologies has received an order for five subsea manifolds from Petroleo Brasileiro for its presalt fields being developed offshore Brazil...

Harkand wins Apache North Sea IRM & LC contract
(8/18/2014) Harkand has been awarded a contract to support Apache with inspection, repair, and maintenance work as well as light construction across its assets...

Two Chinese survey vessels said seen in Philippine waters
(8/18/2014) Philippine President Benigno Aquino said in a television interview on Sunday that two Chinese survey vessels were sighted in the Reed Bank...

Encouraging shows seen in Key's Western Australia Dunnart-2
(8/18/2014) Key Petroleum has reported that the Dunnart-2 exploration well being drilled in the Perth Basin encountered hydrocarbon shows at 1,509 ft..

Jordan lines up BG gasfields off Gaza for 30% of gas needs
(8/18/2014) Jordan's Ministry of Energy & Mineral Resources is making final arrangements to source the large gasfields offshore Palestine's Gaza Strip...

Libya's oil output rises to 535,000 b/d
(8/18/2014) Libya's National Oil Corporation has reported the country's oil production has risen to 535,000 b/d with the increase in output from two major fields...

OMEL returns Nigeria's deepwater Block OPL285
(8/18/2014) The Oil and Natural Gas Corporation joint venture with Mittal Energy, has relinquished a block off Nigeria after being held to invest US$6 billion...

Polarcus & Seabird shooting Ireland Newgrange 2D survey
(8/18/2014) Providence Resources has advised that 2D seismic surveying operations have now commenced over Frontier Exploration License 6/14...

Gas alarm triggers Statoil shutdown of Sleipner A platform
(8/18/2014) The Sleipner A drilling and production platform in the Norwegian sector of the North Sea on the Sleipner East Field was briefly shutdown Saturday...

FPSO Cidade de Mangaratiba bound for Brazil pre-salt operations
(8/18/2014) The Schahin-Modec consortium has begun moving the FPSO Cidade de Mangaratiba from BrasFels shipyard to the Lula Field's Iracema South...

Synergy in JV to drill & develop Nebraska acreage
(8/18/2014) Synergy Resources has entered into a joint development agreement with Johnson Production and Kodiak Petroleum to drill and develop acreage...

Cygam extension of Tunisia's Sud Tozeur permit approved
(8/18/2014) Cygam Energy has received approval from Tunisia's Direction Generale de l'Energie of its applications for extension of the Sud Tozeur permit...

Cardinal gets go-ahead to drill 14 wells in Texas Bradford lease
(8/18/2014) The Cardinal Energy Group has received drilling permits for the Bradford Lease in Shackelford County, Texas from the state's petroleum regulator...
Kea plugs & abandons Puka-3 onshore New Zealand
(8/18/2014) Kea Petroleum has reported that it plugged and abandoned its Puka-3 development well in the onshore Taranaki Basin in New Zealand...

Salamander's North Kendang-2 off East Kalimantan non-commercial
(8/18/2014) Salamander Energy has concluded drilling operations on the North Kendang-2 exploration well in its operated South East Sangatta Block..

Carnarvon acquires rest of West Seahorse interest offshore Victoria
(8/18/2014) Carnarvon Hibiscus unit of Hibiscus Petroleum has exercised its option to acquire remaining interest in the West Seahorse block off Victoria, Australia...

Orion contracts semisubmersible rig construction
(8/18/2014) Honghua Offshore Oil & Gas Equipment has received an award from Orion Engineering & Management to build a semisubmersible drilling rig...

IPR farming into Egypt Nile Delta block with Sea Dragon
(8/18/2014) Sea Dragon Energy has entered into an agreement with IPR Energy Resources to farmout participating interest in its Nile Delta concession...

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

Sanctions & boycotts hit companies in Russia

Dev George
Managing Editor

Russian President Vladimir Putin has aspirations of a restoration to Russia of the former Soviet Union's suzerainty over eastern European states and perhaps those of Central Asia as evidenced by the occupation of Ukrainian Crimea and support of rebels in eastern Ukraine seeking reintegration with Russia, rebels who shot down a Malaysian passenger plane flying over the area with a ground-to-air missile provided by Russia...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Traders back off Friday spike with big selldown

(8/18/2014) The week's trade began today at both the New York Mercantile Exchange (Nymex) and the Intercontinental Exchange (ICE) in London with traders both taking profits and selling to shed the high settlements of Friday that were propelled skyward by fears of a Russian invasion of Ukraine, but that fear and other geopolitical factors eased today to lessen risks...⇒⇒⇒
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