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Latest Headlines

Rosneft-ExxonMobil make northernmost discovery in Russian Arctic
Rosneft today reported it and partner ExxonMobil have achieved an oil discovery with the Universitetskaya-1 exploration well in Russia's Kara Sea...

Medco Energi scores Sumatra & Libya discoveries
(9/29/2014) Medco Energi Internasional has reported successful exploration wells in its South Sumatra Block in Indonesia and its Area 47 Concession in Libya...

ExxonMobil suspends Arctic exploration project with Rosneft
(9/29/2014) Just two days after Rosneft announced its joint venture with ExxonMobil had made an oil discovery in Russia's Arctic Kara Sea, ExxonMobil exiting...

DualEx set to recomplete Bouhajla North-1 onshore Tunisia
(9/29/2014) DualEx Energy International has advised that a rig has been mobilized to the Bouhajla North-1 wellsite onshore Tunisia in the Bouhajla Block...

Marksmen spuds 5th well in Ohio farm-in
(9/29/2014 - OGI: Houston) Marksmen Energy and partner Houghton Investments have spudded their fifth well in their south-central Ohio 3D seismic survey area...
Rift looking to farmout stake in Kenya's Block L19
(9/29/2014) Rift Energy has completed all contractual obligations on its Block L19 onshore southeastern Kenya's Lamu Basin and is seeking a farm-in partner...

2014 Petrel E&P software platform released
(9/29/2014) Schlumberger has released the 2014 versions of its software platforms Petrel E&P, Techlog wellbore, Studio E&P, and Ocean development...

Drillship Energy Searcher repaired & resumed operations
(9/29/2014) Northern Offshore's drillship Energy Searcher, which had to temporarily halt drilling operations on the Oyo Field offshore Nigeria, is back in operation...

Goodrich tapping down Tuscaloosa Marine wells in Mississippi
(9/29/2014) Goodrich Petroleum has completed its Tuscaloosa Marine Shale Bates 25-24H1 well in Amite County, Mississippi with a 4,850-ft lateral fracced...

PGNiG testing Karmin-1 in Poland's Fences Concession
(9/29/2014) The operator of the Fences Concession onshore west-central Poland has taken core samples from a depth of 2,466 to 2,491 meters in the Karmin-1...

Centrica gets go-ahead for Norwegian Sea wildcat
(9/29/2014) The Norwegian Petroleum Directorate has granted Centrica Resources Norge a drilling permit for a wildcat exploration well on the Ivory Prospect...

Roc discovers oil in China's Beibu Gulf with Jiaowei well
(9/29/2014) Roc Oil has reported completing the first of two exploration wells in China's Beibu Gulf with the achievement of an oil discovery in the Jiaowei formation...

FairfieldNodal & TGS shooting 2 US Gulf ocean bottom surveys
(9/29/2014) The first two ocean bottom projects in the US Gulf of Mexico by FairfieldNodal and TGS Nopec Geophysical are to get underway...

CGG to shoot major deepwater 2D & 3D MC seismic off Gabon
(9/29/2014) CGG has signed an exclusive multi-client data agreement with the Ministere du Petrole et des Hydrocarbures of Gabon for a new multi-client program...

Dana Gas wins 2 blocks onshore Egypt's Nile Delta
(9/29/2014) Dana Gas has been awarded two new exploration concessions onshore Egypt in the Nile Delta as part of the 2014 EGAS bidding round...

Encana acquires Texas Permian Basin player Athlon for $7.1 billion
(9/29/2014) Encana has entered into a definitive agreement with Athlon Energy to acquire the Texas-based company for a total of $7.1 billion...

Mexican drug cartels stole 7.5 million bbl oil from Pemex
(9/28/2014) Petroleos Mexicanos has revealed that members of drug cartels operating in northern Mexico are stealing billions of dollars' worth of oil from pipelines...

Contractor killed on Apache wellsite in West Texas
(9/28/2014) An employee of contractor Redneck Services was killed in an accident at an oilwell being drilled by Apache Corporation on its project near Amarillo...
Total selling stake in US Gulf's Tahiti Field
(9/28/2014) Total E&P USA has begun marketing its interest in the Chevron-operated deepwater Tahiti Field in the US Gulf of Mexico's Green Canyon...

IOG & Ping link for UK North Sea assets
(9/28/2014) Independent Oil & Gas has signed a memorandum of understanding with Southeast Asia's Ping Petroleum to jointly evaluate and bid for assets...
Cabot adds 30,000 net acres in Texas' Eagle Ford Shale
(9/28/2014) Cabot Oil & Gas has entered into a definitive purchase and sale agreement to acquire approximately 30,000 net acres in the Eagle Ford Shale...

Russia seizes Sistema's stake in Bashneft
(9/28/2014) Russian Prosecutor General has requested shares in Russia's sixth largest oil company, Bashneft, be seized and a Moscow court ordered the seizure...

DECC facilitating oil & gas exploration by removing barriers
(9/28/2014) The UK's Department of Energy & Climate Change is removing barriers to deep underground drilling access to facilitate onshore oil and gas exploration...

Aral resumes prodcution at Kazakhstan's East Zhagabulak Field
(9/28/2014) Caspian Energy has advised that oil production has been reinstated at the East Zhagabulak Field in Kazakhstan's onshore North Block...

Mexico taking 1st licensing round on the road
(9/28/2014) The Mexican Ministry of Energy is initiating meetings with both local and international investors to promote its first licensing round for concessions...

PDVSA sets workover pilot program for 1,000 idle wells
(9/28/2014) Petroleos de Venezuela has established a new pilot project to reactivate approximately 1,000 shut-in wells to increase the volume of production...

New South Wales extends freeze on exploration licenses
(9/28/2014) The state of New South Wales, Australia has extended the freeze on the issuance of new petroleum exploration licenses until September 2015...

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

Re-fracturing existing wells a practical new trend

Dev George
Managing Editor

Hydraulic fracturing is here to stay and if done right and responsibly has none of the negative effects anti-frac factions would have us believe, such as earthquakes and aquifer contamination, and is the single most important reason for the shale boom and its propulsion of US oil and gas production over the past few years...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Brent & Brent-based crudes flat, WTI & Tapis up

(9/26/2014) There was little reported change in futures prices at the Intercontinental Exchange (ICE) in London and the New York Mercantile Exchange (Nymex) today due to North Sea Brent ending flat and taking the Brent-based crudes with it to the closing bell on improving supply and small increases in demand in China and Europe...⇒⇒⇒
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