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Latest Headlines

Saipem scores $4 billion in dual FPSO contracts for Total
(4/16/2014) Saipem has been awarded two contracts by Total for its ultra-deepwater Kaombo field development project offshore Angola...

Kuwait to award $4.3 billion Ratqa Field development project
(4/15/2014) Kuwait Oil Company has revealed it will be awarding a US$4.3 billion contract for the first phase of a massive heavy oil production project...

Lukoil sells its interest in Kazakhstan projects owner to Sinopec
(4/15/2014) Lukoil has sold its entire 50% interest in Caspian Investment Resources to Sinopec for US$1.2 billion, including four oil projects...

South Sudan rebels seize Unity state oil hub
(4/15/2014) Bentiu, the capital of oil-producing South Sudan Unity state, has been seized by South Sudanese rebels as part of a power struggle...

Total lets Poland shale gas license expire
(4/15/2014) Total has not renewed its shale gas exploration license in eastern Poland on the Ukraine border, considering it not economically viable...

Ensco orders 2 new high-spec jackups from Lamprell UAE
(4/15/2014) Ensco has revealed it has ordered two high-specification jackup drilling rigs to be built at Lamprell's new United Arab Emirates yard...

US renews ConocoPhillips Alaska LNG export permit
(4/15/2014) ConocoPhillips has received a US Energy Department renewal of its permit to export liquefied natural gas from Alaska to all countries...

Stream drilling Delvina gas producer onshore Albania
(4/15/2014) Stream Oil & Gas has begun drilling operations on its Delvina horizontal well D34H1 onshore Albania in the Delvina Field...

AWE to drill 2nd sidetrack to New Zealand Pateke-4H producer
(4/15/2014) Australian Worldwide Exploration is preparing to drill a second sidetrack to its Pateke-4H development well offshore New Zealand...

Angola putting 10 new Congo & Kwanza Basin blocks up for bid
(4/15/2014) Angola's national oil company Sociedade Nacional de Combustiveis de Angola has announced a new licensing round on 30 May...

Oilex at TD in Cambay production well with gas shows
(4/15/2014) Oilex has reported reaching total depth in its Cambay-77H well in the Cambay Field and Block onshore Gujarat, India at 2,370 meters...

Providence looking to farmout stake in Ireland's Barryroe Field
(4/15/2014) Providence Resources has confirmed it is currently in commercial discussions with a number of interested parties to farmout interest...

Santos' Mt Kitty-1 in Australia's Northern Territory flows on test
(4/15/2014) Central Petroleum has reported operator Santos has flowed gas in a test of its Mt Kitty-1 exploration well in the southern Amadeus Basin...

Papua New Guinea Stanley Gas Project development approved
(4/15/2014) Horizon Oil, operator of Papua New Guinea's PRL4 has received approval of the Stanley gas condensate development project...

Jumbo installs mooring spread for EnQuest FPSO
(4/152014) Using the J-class vessel, Fairplayer, Jumbo has installed a mooring spread for EnQuest's FPSO in the UK North Sea Alma and Galia Fields...

Neon default forces exit from offshore Vietnam blocks
(4/15/2014) Neon Energy has defaulted on outstanding due and unpaid cash calls totaling US$22.1 million and been forced to withdraw...

Total contracts Aker Solutions for Angola Kaombo subsea system
(4/15/2014) Aker Solutions has won a US$2.34 billion contract from Total for a subsea production system for the Kaombo ultra-deepwater project...

EMAS wins Noble deal for US Gulf Gunflint subsea project
(4/14/2014) The EMAS Subsea Services Division of Ezra Holdings has received a letter of agreement from Noble Energy for subsea services...

Baron sells half ownership of Colombia subsidiary
(4/14/2014) Baron Oil has sold a 50% interest in its Colombian subsidiary Inversiones Petroleras de Colombia to C.I. International Fuels...
Dolphin set to start offshore Senegal Djiffere 2D survey
(4/14/2014) Cap Energy has advised that a 2D seismic survey is about to get underway offshore Senegal in the TAOL-operated Djiffere Block...

DMT completes Waschberg 3D shoot in Czech Republic
(4/14/2014) DMT has concluded its 3D seismic acquisition on behalf of Czech energy company Moravske Naftove Doly in the Waschberg region...

Citation's Guatemala Atzam-5 generating light oil to surface
(4/14/2014) Citation Resources has reported light oil in its Atzam-5 well in the Atzam Oil Project in Guatemala's South Petern Basin's Atzam Field...

Samson selling stakes in Rennerfeldt wells in North Dakota
(4/14/2014) Samson Oil & Gas is selling its interests in the Rennerfeldt 1-13-H and the Rennerfeldt 2-13H wellbores in the North Stockyard Project...

NPD gives Statoil go-ahead to drill D well in Norway North Sea
(4/14/2014) The Norwegian Petroleum Directorate has given Statoil a permit to drill an exploration well on the D structure northeast of Grane Field...

Total-led JV to develop Angola's ultra-deep offshore Kaombo Project
(4/14/2014) Total and its joint venture partners in the ultra-deepwater Kaombo Project offshore Angola have made the final investment decision...

Zawiya joins Al-Hariga in open Libya export terminals
(4/14/2014) Libya's National Oil Company has advised that the western Libya oil export terminal has opened following opening of the Al-Hariga port...

FMC wins BP Shah Deniz Stage 2 subsea systems contract
(4/14/2014) FMC Technologies has received an order from BP to provide subsea systems for its Shah Deniz development in the Azerbaijan Caspian...

Goodrich completes another Louisiana Tuscaloosa Shale well
(4/14/2014) Goodrich Petroleum has completed its Blades 33H-1 well in Tangipahoa Parish, Louisiana, which it operates with 66.7% interest...

FoundOcean scores 2 contracts for UK North Sea Solan Field
(4/14/2014) FoundOcean has secured two contract awards on the Solan oilield development west of the Shetlands in the UK sector of the North Sea...

Drydocks World to build 2 jackups for Malta Oil & Gas
(4/14/2014) Drydocks World has been contracted by Malta Oil & Gas to construct two new jackup drilling rigs based on Gusto MSC CJ54-X135-A design...

Statoil scores discovery at Valemon Nord in Norwegian North Sea
(4/14/2014) Statoil has made a gas and oil discovery in the Valemon Nord Prospect in the Norwegian sector of the North Sea...

KCA Deutag wins ExxonMobil Hebron platform drilling
(4/14/2014) The Platform Services division of KCA Deutag has been awarded its first contract in Canada with a multi-million dollar ExxonMobil project...

Petsec participating in Louisiana Jeanerette Field well
(4/14/2014) Petsec Energy has agreed to participate in the drilling of the Adeline Sugar Factory (ASF) 4 well on Loiuisiana's Jeanerette Field for interest...
Tullow completes 3,000 sq km 3D survey off Namibia
(4/14/2014) Pancontinental Oil & Gas has advised that the 3D seismic survey offshore Namibia over license area EL0037 has been completed...

Statoil to drill Romeo Prospect wildcat off southern Norway
(4/14/2014) Statoil has chartered the jackup drilling rig Maersk Gallant to undertake the drilling of an exploration well on the Romeo Prospect...

JKX completes Ukraine Novo-Nikolaevskoye producer
(4/14/2014) JKX Oil & Gas has completed its development well NN-80 in the Novo-Nikolaevskoye Field southeast of Poltava in the Ukraine...

Frontera farmout of Republic of Georgia's Taribani Field
(4/14/2014) Frontera Resources has signed an agreement with Varang Exploration for the farmout of up to 50% working interest...

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

Russia's Crimea seizure puts Ukraine Black Sea gas in question

Dev George
Managing Editor

Russian President Vladimir Putin's aggressive ambition to restore some of the components of the old Soviet Union to Russian suzerainty with a blatant invasion of the Ukraine's Crimean Peninsula following the ouster of pro-Russian Ukrainian President Viktor Yanukovich has been roundly condemned by world leaders.. It smacks of tsarist colonialism during the reign of Peter the Great and shows Putin's intention to "re-Sovietize Russia's periphery", in the words of former US secretary of state Hillary Clinton...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Heightened tensions in Ukraine, violence in Nigeria up prices

(4/14/2014) Traders at both the Intercontinental Exchange (ICE) in London and the New York Mercantile Exchange (Nymex) took all of our monitored benchmarks except Tapis higher today as new supply worries dogged the markets once more due to an escalation of violence in eastern Ukraine that heightened tensions there and between the West and Russia, which is seen as fomenting the unrests...⇒⇒⇒
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