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Latest Headlines

ExxonMobil confirms major oil discovery offshore Guyana
(5/21/2015) ExxonMobil affiliate Esso Exploration & Production Guyana has made a significant oil discovery on the Stabroek Block 193 km offshore Guyana...

NuEnergy acquiring Dart Indonesia & its CBM assets
(5/21/2015) NuEnergy Gas has disclosed a conditional share purchase agreement with Dart Energy International to acquire 100% of its share capital...

Hercules sells 4 cold-stacked jackups
(5/21/2015) Hercules Offshore has sold the four jackup drilling rigs it had cold-stacked since 2009 in the US Gulf of Mexico, leaving another 11 still cold-stacked...

Petrofac wins Armada Kraken FPSO MMS contract
(5/21/2015) Petrofac has contracted Petrofac for maintenance management support for Bumi Armada's floating, production, storage, and offloading vessel...

Amec Foster Wheeler awards FEED contract to Jee
(5/21/2015) Amec Foster Wheeler has contracted Jee Ltd for the front end engineering design of a jacket rigid polymer injection riser package, part of an EOR project...

BG assumes operation of Queensland Curtis LNG Train 1
(5/21/2015) The BG Group has taken over operational control of Train 1 at its Queensland Curtis LNG plant with the formal transfer of operations...

BC Canada & Petronas sign MoU on Pacific NorthWest LNG Project
(5/21/2015) British Columbia Premier Christy Clark and Michael Culbert, president of Pacific NorthWest LNG have signed a memorandum of understanding...

Transocean settles Deepwater Horizon claims with BP & PSC
(5/21/2015) Transocean has revealed it has reached two separate settlement agreements, with the Plaintiffs' Steering Committee and with BP...

Suncor given permit for Norwegian North Sea wildcat
(5/21/2015) The Norwegian Petroleum Directorate has granted Suncor Energy Norge a drilling permit for a wildcat well in the central Norwegian North Sea...

Exploration program set for Trinidad's St Mary's Block
(5/21/2015) Range Resources and Petrotrin have finalized an exploration program and budget for the St Mary's Block onshore Trinidad set to get underway...

MEO farms out stake in Western Australia permit to Rex
(5/21/2015) MEO Australia has concluded a farmout agreement with a subsidiary of Rex International Holding of interest in its Bonaparte Basin offshore permit...

Questerre wins Jordan oil shale concessions
(5/21/2015) Jordan's cabinet has approved the signing of an agreement with Questerre Energy for the exploration and development of oil shale in the country...

Iran drilling new exploration well in Caspian Sea
(5/20/2015) Iran's Caspian Oil Company has commenced new exploration drilling in the Iranian Caspian Sea as a follow-up to its Sardar-e Jangal discovery...

Serious condensate leak on Statoil's North Sea Gudrun platform
(5/20/2015) A condensate leak has occurred on the Gudrun platform in the Norwegian sector of the North Sea classified at the highest degree of seriousness...

Statoil to drill Gullfaks Sor producers with Deepsea Atlantic
(5/20/2015) The Norwegian Petroleum Safety Authority has given its consent to Statoil for its employment of the semisubmersible drilling rig Deepsea Atlantic...

Fire strikes Fugro Symphony seismic vessel
(5/20/2015) The seismic acquisition vessel Fugro Symphony caught fire while in the Peterhead Port in Scotland early this morning with 84 people on board...

Rowan picks up 3 new rig contract extensions & 1 new contract
(5/20/2015) Rowan Companies has reported that it has received three new contract extensions with lower dayrates as well as one new single-well contract...

Rose's well shows large Manos Shale oil & gas volumes recoverable
(5/20/2015) Rose Petroleum has obtained encouraging core analysis results from its State 1-34 well taken within its Mancos Shale in Utah's Uinta Basin...

Statoil fails to find hydrocarbons in Norwegian Sea Bister well
(5/20/2015) Faroe Petroleum has reported that operator Statoil has failed to encounter hydrocarbons with its Bister exploration well in the Norwegian Sea...

Talisman North Sea wildcat Snomus a duster
(5/20/2015) Talisman Energy's Norwegian subsidiary has concluded drilling its wildcat well Snomus in the Norwegian sector of the North Sea near the Varg Field...

SacOil ends JV with Nigdel & quits Nigeria license
(5/20/2015) SacOil has terminated its joint venture with Nigdel United Oil Company of Nigeria and consequently its participation in offshore Block OPL233...

Sound at TD in northern Italy Nervesa Field producer
(5/20/2015) Sound Oil has reached total depth at its second development well on its Nervesa Field in the Carita Block onshore the Veneto Region of northern Italy...

Novatek & Total put Russia's Termokarstovoye Field onstream
(5/20/2015) Total has reported the onshore Termokarstovoye Field in Russia's Yamalo Nenets Autonomous Okrug has commenced gas and condensate production...

Third phase of Mexico's Round One licensing revealed
(5/20/2015) Mexico's Comision Nacional de Hidrocarburos has announced the next phase of Round One, offering 26 onshore conventional fields for bidding...

Terra Nova exits South Australia farm-in with Holloman
(5/20/2015) Holloman Energy has received notice that Terra Nova Energy has terminated its farm-in agreement in two Cooper-Eromanga Basin permits...

Wintershall relinquishing Block 4 North & departing Qatar
(5/20/2015) Wintershall has advised that it is ceasing its activities in Qatar and is returning Block 4 North near the North Field off the Qatari coast on 25 May...

OGDCL plugs & abandons Ismail-1 in Pakistan's Punjab Province
(5/20/2015) Jura Energy has reported that Oil & Gas Development Company Limited has plugged and abandoned the exploration well Ismail-1 in Pakistan...

Rebels closing in on South Sudan Paloch Field
(5/19/2015) Fighting between South Sudan government forces and rebels in Upper Nile State has intensified, with rebel seizure of key petroleum facilities...

Rockhopper wins enviro okay for Italian Adriatic discovery
(5/19/2015) Italy's Ministry for the Environment has approved Rockhopper Exploration's environmental impact assessment for its Ombrina Mare discovery...

COSL lines up PSW Group for North Sea rig maintenance
(5/19/2015) PSW Group has reported entering into a frame agreement with COSL Drilling Europe for subsea and riser maintenance services on its drilling rigs...

EnQuest linking FPSO to UK North Sea Alma-Galia Field
(5/19/2015) EnQuest's floating production, storage, and offloading vessel is currently being connected to the subsea Alma-Galia Field in readiness for first oil...

Antonoil wins tech services contract in Ethiopia
(5/19/2015) Anton Oilfield Services has signed a contract for provision of technical services, including cementing and drilling fluid services in Ethiopia...
Eni extends Ocean Rig Poseidon contract & adds Ocean Rig Olympia
(5/19/2015) Ocean Rig has concluded an agreement with Ente Nazionale Idrocarburi (Eni) for two of its drillships for deepwater work offshore Angola...

Spectrum & Schlumberger to shoot Campeche-Yucatan 2D MC survey
(5/19/2015) Spectrum has teamed up with Schlumberger to jointly acquire and process a new 2D regional multi-client seismic program in the Mexican Gulf...

Transocean delaying delivery of 5 newbuild jackups
(5/19/2015) Transocean has revealed in its latest fleet update that it has altered its construction contracts with Keppel FELS to delay delivery even further...

Beach spuds Sensation-1 in South Australia's Cooper Basin
(5/19/2015) Cooper Energy reports that operator Beach Energy has commenced drilling operations on the Sensation-1, on the western flank of the Cooper Basin...

Albania putting up 7 onshore & offshore blocks for bid
(5/19/2015) Albania's Minister of Energy Damian Gjiknuri has advised that his ministry will be offering five onshore and two offshore concessions for bidding...

DEA sells part of stake in Egypt's West Nile Delta Project
(5/19/2015) DEA Deutsche Erodoel has concluded an agreement with BP, operator of Egypt's West Nile Delta Project, to sell part of its interest in the project...

Chariot terminates Brazil farmout deal with AziLat
(5/19/2015) Chariot Oil & Gas has terminated its farmout to AziLat Limited for four blocks in the Barreirinhas Basin offshore Brazil due to unacceptable terms...

San Leon Rawicz-12 scores 50.3 bcf in CPR
(5/19/2015) San Leon Energy's recent Rawicz-12 well in Poland's Rawicz gasfield has achieved a competent persons report estimating reserves of 50.3 bcf...

FEI & Weatherford reservoir characterization
(5/19/2015) FEI and Weatherford Laboratories have entered a joint agreement to offer advanced reservoir characterization services to the oil and gas industry...
DNV GL introduces unmanned FLNG Solitude
(5/19/2015) DNV GL has introduced its new, unmanned floating liquefied natural gas concept at today's APPEA annual conference in Melbourne, Australia...

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

Mexican open licensing good for both it & USA

Dev George
Managing Editor

Mexico has begun licensing oil and gas exploration and production concessions to international operators via its Round 1 bidding, ending the 75-year old monopoly held by Petroleos Mexicanos (Pemex) on the country's oil sector and open it to private and foreign investment.
Although this has been slowly nearing reality for many years, it has been thanks to Mexico's charismatic President Enrique Pena Nieto that the legislation finally passed and the process has begun...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
ICE & Nymex break 5-day price fall on US crude draw

(5/20/2015) Trades at London's Intercontinental Exchange (ICE) and the New York Mercantile Exchange (Nymex) ended the five-day fall in crude futures prices today with significant buy-ups across the board with the exception of Tapis and DME Oman, on the strength of the day's report of last week's inventories by the US Energy Department's Energy Information Administration (EIA) indicating a draw of almost 2.7 million bbl, the third consecutive weekly drop, which was attributed to large sourcing by refineries...⇒⇒⇒
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