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Latest Headlines

ExxonMobil makes 2nd oil discovery offshore Guyana
ExxonMobil has reported achieving its second oil discovery in the Stabroek Block offshore Guyana with its Payara-1 exploration well near the Liza discovery...

Sound flowtests Morocco's Tendrara-7 at 15-28 million cf/d
(1/19/2017) Sound Energy has concluded a 56-day flowtest of its TE-7 well onshore Morocco in the Tendrara Block with a total test output of 1 bcf...

OneSubsea wins Statoil Utgard development contract
(1/19/2017) Schlumberger's OneSubsea unit has been awarded an engineering, procurement, and construction contract for the subsea production system...

Danos contracted to hookup & commission US Gulf Stampede platform
(1/19/2017) Danos has secured a contract to perform mechanical hookup and commissioning support services for the Hess Stampede tension leg platform...

Hoegh LNG lines up Hyundai & Samsung for new FSRUs
(1/19/2017) Hoegh LNG has signed new contracts with Samsung Heavy Industries and with Hyundai Heavy Industries for new floating storage and regasification vessels...
Lundin granted drilling permit for Barents Sea Filicudi Prospect
(1/19/2017) The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for the Filicudi Prospect in the Norwegian sector of the Barents Sea...

Searcher & CGG reprocessing Foxhound 3D off Western Australia
(1/19/2017) Searcher Seismic and its project partner CGG have begun a prestack depth migration reprocessing of the 1,668 sq km Carnarvon Basin 3D Foxhound Survey...

Azinor Catalyst prepping to drill UK North Sea Partridge Prospect
(1/19/2017) Azinor Catalyst UK has initiated a tendering process to carry out a site survey on the Partridge Prospect in the UK sector of the North Sea...

Pura Vida prepping for 3-well Gabon drilling program
(1/19/2017) Pura Vida Energy has concluded an agreement with an unnamed rig contractor for the funding of a three-well, back-to-back drilling campaign...

TGS set to shoot 3D MC Norwegian Sea Atlantic Margin survey
(1/19/2017) TGS Nopec Geophysical has scheduled its first new multi-client seismic acquisition project for this year, its AM17 Atlantic Margin 3D Survey...

Prosafe selling Safe Lancia floatel for scrap
(1/19/2017) Prosafe has revealed that it has decided to sell its accommodation rig Safe Lancia for scrap and recycling following the completion of two acquisitions...

CNOOC to put 3 more fields on production this year
(1/19/2017) China National Offshore Oil Corporation has started 2017 with the launch of production at two of its offshore fields and scheduled three more for the year...

Ichthys LNG Project subsea installations completed
(1/18/2017) Inpex has reported completion of the complex of subsea infrastructure to extract gas and condensate from Western Australia's Ichthys Field...

Corridor to keep Gulf of St Lawrence Old Harry license till 2020
(1/18/2017) The Canada-Newfoundland and Labrador Offshore Petroleum Board has awarded license EL-1153 and its Old Harry Prospect to Corridor Resources...

Veolia-Peterson to decommission & recycle 2 platforms at Great Yarmouth
(1/18/2017) The Veolia-Peterson partnership has been awarded two platform decommissioning contracts for recycling at their facility in England...

Songa Encourage in Norwegian port for leak repairs
(1/18/2017) Songa Offshore has reported that its semisubmersible drilling rig Songa Encourage has moved to a repair yard in Norway for repair of a water leak...

Schlumberger counters Greenpeace seismic survey protest off New Zealand
(1/18/2017) Schlumberger has advised that the Greenpeace protest of the seismic acquisition program offshore Wairarapa, New Zealand is being conducted...

Statoil granted permit to drill Mim wildcat in Norwegian Sea
(1/18/2017) The Norwegian Petroleum Directorate has granted Statoil a drilling permit for the Mim exploration well at a site 11 km southwest of the Norne Field...

Second Brazilian licensing round this year in the works
(1/18/2017) Brazil's Ministry of Mines and Energy has advised a second licensing round is likely to be held this year that will focus on the subsalt region offshore Brazil...

BNK taps down 1st Tishomingo Field well of 2017 in Oklahoma
(1/18/2017) BNK Petroleum has successfully concluded the drilling of its first well of its 2017 drilling program, the Chandler 8-6H well, in its Tishomingo Field...

Empire flowtest proves Red Gully North discovery
(1/18/2017) Empire Oil & Gas has confirmed its Western Australia condensate and gas discovery via flowtests that verify potential commercial hydrocarbons...

Dresser-Rand commissions micro-scale LNG system in Pennsylvania
(1/18/2017) Siemens' Dresser-Rand unit has commissioned its first micro-scale natural gas liquefaction system at the Ten Man liquefied natural gas facility...

Baker Hughes & Schlumberger contracted for Cat J drilling & well services
(1/18/2017) Statoil has contracted integrated drilling and well services on the Cat J drilling rigs Askepott and Askeladden for Oseberg and Gullfaks Field work...

NZOG ups stake in Cue Energy to 50.01%
(1/17/2017) New Zealand Oil & Gas has secured a 50.01% holding in its subsidiary, Cue Energy Resources, that increases its production and exploration...
Plan approved for development & operation of Utgard & Byrding Fields
(1/17/2017) The plan for development and operation of the Utgard and Byrding Fields in the North Sea has been approved by the Norwegian Petroleum Directorate...

FPSO Armada Kraken being readied for UK North Sea deployment
(1/17/2017) The Armada Kraken floating production, storage, and offloading vessel is currently in Rotterdam for inspection and certification and is expected to sail...

Cairn gearing up for Senegal exploration & appraisal drilling
(1/17/2017) Cairn Energy has advised that it will shortly commence this year's drilling program offshore Senegal with further exploration and appraisal wells...

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

2017 comes with guarded optimism

Dev George
Managing Editor

Given the mercurial nature of the United States' new chief executive, Donald Trump, it is a challenge to attempt to divine what lies ahead for the petroleum industry under his aegis or, as many have predicted he will delegate decisions affecting the oil and gas industry to those he has chosen as advisors and cabinet members, what they will do to bring the industry in line with Trump's vision for making America great again...⇒⇒⇒

Latest Editorials
Oil/Gas Prices & Analysis
Oil prices drop on strong dollar & expected US production

(1/18/2017) Traders at the London Intercontinental Exchange (ICE) and the New York Mercantile Exchange (Nymex) sent all of our monitored benchmarks except Tapis to weekly lows as a consequence of the US dollar's strong performance against a basket of key international currencies and their anticipation that domestic US production will climb in the coming weeks, especially shale oil production, to capture profits provided by the now higher prices...⇒⇒⇒
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