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Latest Headlines

Anadarko makes major discovery in deepwater Colombian Caribbean
Empresa Colombiana de Petroleos has advised that Anadarko Petroleum has achieved a major discovery of hydrocarbons in ultra deep water...

Saudi Arabia to reduce crude output 200,000-300,000 b/d
(7/30/2015) Saudi Arabia has let it be known that it intends to cut its current record oil production of some 10.56 million b/d to around 10.30 million b/d soon...

Roc & AWE set to spud China Bohai Bay exploration well
(7/30/2015) Australia Worldwide Exploration has advised that its joint venture in Block 09/05 in the western part of China's Bohai Bay plans to commence drilling...

Indigenous people protests blocking Argentina's Loma Campana Fields
(7/30/2015) Yacimientos Petroliferos Fiscales Argentina has reported production from the Loma Campana Field is threatened by protests from indigenous groups...

ConocoPhillips selling Alaska Cook Inlet gasfields
(7/30/2015) Rosneft's subsidiary RN-Exploration and ExxonMobil Exploration & Production Mozambique Offshore Limited have filed joint bids to participate...

Otto set to spud Philippines Hawkeye-1 this weekend
(7/30/2015) Otto Energy has reported that the drillship Maersk Venturer has mobilized to the Hawkeye exploration well drillsite offshore the Philippines...

Sea Trucks' Jascon 31 bound for Mexican Gulf Pemex project
(7/30/2015) Sea Trucks' DP3 accommodation construction vessel Jascon 31 is soon to set sail from West Africa to the Mexican sector of the Gulf of Mexico...

Murphy makes gas discovery offshore Sabah, Malaysia
(7/30/2015) Murphy Oil has reported a gas discovery with its Permai exploration well in Block H in the Malaysian sector of the South China Sea, offshore Sabah...

Subsea 7 wins $500 million BP subsea project off Egypt
(7/30/2015) Subsea 7 has been contracted by BP and partner DEA for the subsea development of the Taurus and Libra Fields offshore Alexandria, Egypt...

OGDCL makes oil discovery in Pakistan's Punjab Province
(7/30/2015) Pakistan's government-owned Oil & Gas Development Company Ltd has made an oil discovery with its Chak Naurang South-1 exploration well...

White Oak at TD in Louisiana Mystic Bayou Williams-2 well
(7/30/2015) White Oak Operating Company has concluded its production testing of its Williams-2 Alternate well on the Mystic Bayou Field in Louisiana...

LGO preps latest producer on Trinidad Goudron Field
(7/30/2015) LGO Energy has reached a total measured depth in its latest development well, GY-676, on its Goudron Field Development onshore Trinidad...

Production underway from Yolla-6 in Australia's BassGas Project
(7/30/2015) Australian Worldwide Exploration has reported that operator Origin Energy Resources has tied in the Yolla-6 well and commenced production...

Frontier swaps Namibia aeromag data to ID potential drillsites
(7/30/2015) Frontier Resources has completed an Owambo Basin data exchange of high resolution airborne magnetic data and associated interpretation...

EQT flowtests record Utica Shale well in Pennsylvania
(7/30/2015) EQT Corporation has completed the flow-back operation on its Scotts Run 591340 dry Utica Shale gas well in Greene County, Pennsylvania...

Cape contracted by BP for UK North Sea Clair Ridge Project
(7/30/2015) Cape has been contracted by BP for the second phase of development of the Clair Field, the Clair Ridge Project, in the West of Shetlands region...

Rosneft & Exxon Mobil link for Mozambique licensing
(7/30/2015) Rosneft's subsidiary RN-Exploration and ExxonMobil Exploration & Production Mozambique Offshore Limited have filed joint bids to participate...

OMV selling 30% stake in UK North Sea Rosebank Project
(7/29/2-15) OMV has revealed it is seeking to sell 30% of its 50% holding in the Chevron-operated US$10 billion Rosebank Project in the West of Shetland...

Tullow Oil completes EWTs on Amosing wells, starts Ngamia EWTs
(7/29/2015) Tullow Oil has completed a number of extended well tests in its operated Amosing Field in Kenya's South Lokichar Basin Block 13T to test discoveries...

Mexico postponing deepwater licensing round to adjust terms
(7/29/2015) Mexico's Ministry of Energy has advised that the upcoming Phase 4 deepwater licensing round is being postponed to adjust the terms...

Celtic Sea Midleton Prospect exploration well spudded
(7/29/2015) Lansdowne Oil & Gas has reported that PSE Seven Heads, operator of the SEL4/07 permit, has commenced drilling operations on the Midleton Prospectl...

Conversion of Prosafe's Safe Scandinavia to tender support delayed
(7/29/2015) Prosafe has advised that there is a delay in the conversion of its owned and operated semisubmersible accommodation vessel Safe Scandinavia...

Lekoil's 1st oil from its Otakikpo Field delayed
(7/29/2015) Lekoil Oil & Gas Investment Limited has reported successful re-entry operations on its Otakikpo Field onshore Nigeria in Block OML11...

Total sells West of Shetland minority stakes to SSE E&P UK
(7/29/2015) Total has agreed to sell 20% of its interests in the Laggan, Tormore, Edradour, and Glenlivet Fields in the UK North Sea West of Shetland area...

Statoil ups output from Norway's Gullfaks North Sea field
(7/29/2015) Statoil has reported production from the Gullfaks South fast-track project for improved oil recovery started on 27 July and is expected to increase...

Polarcus wins another West Africa 3D broadband survey
(7/29/2015) Polarcus has reported that it has received a letter of intent from an undisclosed client for a 3D marine seismic project offshore West Africa...

OMV & Marathon relinquish 7 licenses offshore Croatia
(7/29/2015t) Seven of the ten licenses awarded in January by the Croatian Ministry of Economy for exploration in the Croatian Adriatic Sea have been returned...

Junex drilling 1st of horizontal exploration wells following Galt discovery
(7/29/2015) Junex has reported commencing drilling operations on its Galt-5 horizontal exploration well, the first of a series as follow-ups to its Galt-4 oil discovery...

MultiClient Geophysical underway with Maximus MC2D shoot off Mexico
(7/28/2015) MultiClient Geophysical has begun its multi-client 2D seismic acquisition program offshore Mexico in the southern part of the Mexican Gulf...

Puerto Rico FLNG Project authorized by FERC
(7/28/2015) The US Federal Energy Regulatory Commission has authorized Excelerate Energy to site, construct, and operate its Aguirre Offshore GasPort Project...

White Rose extension project wins C-NLOPB approval
(7/28/2015) The Canada-Newfoundland & Labrador Offshore Petroleum Board has given its conditional approval to Husky Energy's amended development plan...

Oil seeps study off Peru set for University of Paris - Est Marne la Valee
(7/28/2015) Baron Oil has advised that operator Union Oil & Gas has confirmed that a satellite oil seep study will be conducted offshore northwestern Peru...

Pan Andean to reapply for Ghana Tano Basin block
(7/28/2015) Clontarf Energy's local subsidiary Pan Andean Resources has agreed with the Ghanaian authorities that it will reapply for an exploration license...

Trinity terminates its offshore Trinidad purchase from Centrica
(7/28/2015) Trinity Exploration & Production has been unable to extend the term of its agreement to complete the purchase of 80% interests in offshore blocks...

Dragados loads out Mariner jacket for Statoil
(7/28/2015) Dragados Offshore has loaded out Statoil's largest ever, 22,400-ton jacket to be installed on the Mariner Field in the UK sector of the North Sea...

Iran-to-Turkey gas pipeline sabotaged
(7/28/2015) Boru Hatlari ile Petrol Tasima and Turkey's Energy Minister Taner Yildiz have reported the bombing of the Iran to Turkey gas pipeline last night...

SAExploration wins new ocean bottom seismic survey
(7/28/2015) SAExploration Holdings has been awarded a new ocean bottom marine seismic acquisition project valued at approximately US$47 million...

Vermilion farms into 19 northwest Germany licenses
(7/28/2015) Vermilion Energy is farming into 19 onshore licenses in northwestern Germany with Mobil Erdgas-Erdol and BEB Erdgas und Erdol...

Work program set for development of South Africa's Amersfoort Project
(7/28/2015) Kinetiko Energy has received a non-binding expression of interest to fund the development of the Amersfoort Project through debt and or equity...

McMoRan fails to find hydrocarbons in Moroccan offshore well
(7/28/2015) Pura Vida Energy has reported that farm-in operator Freeport McMoRan has not encountered hydrocarbons with its MZ-1 deepwater exploration well...

Technip wins Petronas FLNG1 tie-in contract on Malaysia field
(7/28/2015) Technip has been awarded an engineering, procurement, construction, installation, and commissioning contract by Petronas Carigali for PFLNG1...

Seabed Geo to shoot shallow water Abu Dhabi survey
(7/27/2015) The CGG Fugro joint venture Seabed Geosolutions has been lined up to carry out a shallow water seabed survey in the UAE Persian Gulf...

Aker Solutions delivers 1st tree for Petrobras Lula Field development
(7/27/2015) Aker Solutions has delivered the subsea production tree for the Petroleo Brasileiro operated Lula Field in the pre-salt area offshore Brazil...

GNPC prepping for 2D seismic shoot in Ghana's Voltaian Basin
(7/27/2015) Ghana National Petroleum Corporation is stepping up its Voltaian Basin Project to determine the presence and extent of hydrocarbons in the basin...

ConocoPhillips extends Maersk Innovator contract off Norway
(7/27/2015) The Maersk Drilling unit of AP Moller-Maersk has received a contract extension for its jackup drilling rig Maersk Innovator from ConocoPhillips...

Electricity cut knocks Libya's oil output to less than 400,000 b/d
(7/27/2015) Libya's National Oil Corporation has revealed crude production has fallen to below 400,000 b/d with the cutting of electrical power to oilfields...
Yinka drilling Aje Field producer offshore Nigeria
(7/27/2015) MX Oil has advised that Yinka Folawiyo Petroleum has begun drilling the Aje-5 production well on the Aje Field in the Gulf of Guinea off Nigeria...

Tunisia's Sabria Field resumes production after protests
(7/27/2015) Serinus Energy has reported that the suspended production has resumed at the Sabria Field onshore central Tunisia in the Sabria Concession...

UK OGA reveals 41 new license awards
(7/27/2015) The UK's Oil and Gas Authority has announced the last 41 new license awards from its 28th Offshore Licensing Round after 134 awards last year...

Roch drills & tests 3 new Las Violetas wells in Tierra del Fuego
(7/27/2015) Operator Roch has completed its program to drill three additional wells on the Las Violetas Block in Argentina's Tierra del Fuego Province...

Goodrich sells its Texas Eagle Ford Shale leasehold
(7/27/2015) Goodrich Petroleum has agreed to sell its proven reserves and associated leasehold in the Eagle Ford Shale in LaSalle and Frio Counties, Texas...
Frontier oil & gas province found in Lebanon
(7/27/2015) NEOS Geosolutions has identified what it believes is a frontier oil and gas province onshore Lebanon from a regional oil and gas prospectivity study...

Iran planning $185 billion in oil & gas projects by 2020
(7/26/2015) Iran's Minister of Industry, Mines & Trade has revealed that his country is planning a major program to rebuild and modernize its oil and gas industry...

Helix pushes back delivery of Q7000 to 2017
(7/26/2015) Helix Energy Solutions has reached agreement with Sembcorp's Jurong Shipyard to delay delivery of the newbuild well intervention semisubmersible...

Floating LNG to see investment of $58.3 billion in 6 years
(7/26/2015) Douglas-Westwood has projected that the capital expenditure for floating liquefied natural gas vessels will reach US$35.5 billion in 2015-2021...

Matador running 2 rigs & adding another in US Delaware Basin
(7/26/2015) Matador Resources is currently operating two state-of-the-art specially built drilling rigs in the Delaware Basin of Southeast New Mexico and West Texas...

Indian government to sell stake in Bharat Petroleum
(7/26/2015) India's Finance Ministry has revealed that the government is planning to sell part of its holding in its majority owned Bharat Petroleum Corporation Ltd...
Total wins Sri Lanka east coast exploration rights
(7/26/2015) Sri Lanka's Ministry of Power and Energy has awarded Total full exploration rights to the island nation's east coast offshore area in the Cauvery Basin...

OMV to start New Zealand Maari Field workover program
(7/26/2015) Cue Energy Resources has advised that OMV New Zealand is to commence a multi-well workover program to further increase production...

Nigerian National Petroleum Corporation to be divided into 2 companies
(7/26/2015) The Nigerian National Petroleum Corporation is to be split into two separate government-owned companies in an effort to combat corruption...

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

Iran nuclear deal to alter world oil market

Dev George
Managing Editor


The momentous nuclear agreement between Iran and six world powers is to be celebrated by all concerned as a tentative resolution of a long festering situation in the Middle East that has had the potential of blowing up into a regional conflict driven by paranoia and propaganda from both sides and fundamentalist religious zeal that is the source of decades of ethnic and cultural hatred and violence...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Futures prices rise on big US crude stock draw

(7/29/2015) Traders at the Intercontinental Exchange (ICE) in London and the New York Mercantile Exchange (Nymex) have departed from the downward twist of crude oil futures to affect a small increase in all of our monitored benchmarks except Tapis, which reported a loss...⇒⇒⇒
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