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Latest Headlines

CNPC out Iran projects after expired ultimatum on delays
China National Petroleum Corporation has left its last remaining Iran oil projects as an ultimatum over its continuous development delays expires...

WestSide set to start Meridian gasfields expansion
(4/24/2014) The operator of the Meridian gasfields in Queensland, Australia's southern Bowen Basin, WestSide Corporation, is set to drill six production wells...

Saudi Aramco extends contracts on 3 Rowan jackups
(4/24/2014) Saudi Aramco has extended its contracts for three Rowan jackup drilling rigs currently employed by the Saudi Arabian national oil company...

Fincantieri to use Aveva in design of Proxima drillship
(4/24/2014) Fincantieri Offshore has signed a contract with Aveva to implement its software in the concept design phase of the Proxima drillship...

Diamond scores 10-well contract off Vietnam for Petrovietnam
(4/24/2014) Diamond Offshore's semisubmersible drilling rig Ocean Quest has been contracted by to work off Vietnam by Petrovietnam Exploration & Production...

Denmark launches 7th Danish North Sea licensing round
(4/24/2014) The Danish Energy Agency is opening the 7th Licensing Round for submission of applications for new North Sea oil and gas licenses...

Three EDC jackups now working in the Caspian Sea
(4/24/2014) Eurasia Drilling Company has three jackup drilling rigs from its fleet on assignment in the Russian and Turkmen sectors of the Caspian Sea...

Cardinal sells California & Ohio assets to California Hydrocarbons
(4/24/2014) Cardinal Energy has sold its oil and gas assets in Colusa County, California and Licking and Knox Counties, Ohio to California Hydrocarbons...
Cub sub Tysagaz at TD in Ukraine development well
(4/24/2014) Cub Energy's subsidiary Tysagaz, operator of the Rusko-Komarovske Block and Field onshore western Ukraine, has reached a total measured depth...

NZOG completes 2D Waru survey off New Zealand
(4/24/2014) New Zealand Oil & Gas has concluded its 2D seismic acquisition of approximately 540 km in its Waru permit offshore South Taranaki...

Tethys brings in 3rd shallow gas exploration well in Kazakhstan
(4/24/2014) Tethys Petroleum has completed its third successful shallow gas exploration well of its 2014 Kazakhstan program with its Akkulka-19...

Rex acquires rest of Trinidad's South Erin Block interest
(4/24/2014) Rex International subsidiary Rex Caribbean has acquired the remaining interest in the South Erin Block in Trinidad via purchase of Jasmin Oil & Gas...
TGS kicks off 2 new Norwegian Barents Sea seismic surveys
(4/24/2014) TGS Nopec Geophysical is shooting new 2D and 3D multi-client projects in the Norwegian Barents Sea included in the 23rd Licensing Round...

Nido farmout of Philippine block to Dragon Oil approved
(4/24/2014) Nido Petroleum has advised that the Philippine Department of Energy has approved the first stage of its farmout to Dragon Oil of interest in the SC63 offshore block...

Oil Search sees hydrocarbons in Kurd Iraq Taza-2 well
(4/24/2014) Oil Search has reported its Taza-2 appraisal well in the Kurdistan region of northern Iraq on the Taza Block has reached a depth of 3,255 meters...

Genel sub Phoenicia to drill Hagar Qim-1 offshore Malta
(4/23/2014) Mediterranean Oil & Gas has advised that Genel subsidiary Phoenicia Energy has contracted the Noble Paul Romano to drill an exploration well...

Centrica lines up drillship for Norwegian ultra-deep wildcat
(4/23/2014) Centrica has chartered Seadrill's West Navigator drillship to carry out the drilling of an ultra-deepwater wildcat well in the Norwegian Sea...

Max's Kazakhstan East Kyzylzhar I taps oil pay
(4/23/2014) Max Petroleum has reported successful drilling results with its appraisal well in the East Kyzylzhar I Field onshore Kazakhstan in Block E...

Soco to shoot seismic in DRC's Virunga World Heritage Site
(4/23/2014) Despite worldwide opposition, Soco International is to commence a seismic survey this weekend in the Democratic Republic of Congo's Lake Edward...

BGP shooting 2D seismic over Kenya's Lake Victoria block
(4/23/2014) Swala Energy has advised that Tullow Oil, operator the Kenya block with a large segment of Lake Victoria, has commenced a 2D seismic survey...

BP contracts Shah Deniz subsea construction vessel
(4/23/2014) BP Exploration has awarded a US$378 million contract to Baku Shipyard for the design and construction of a subsea construction vessel...

PEL drilling Badar-2 producer onshore Pakistan
(4/23/2014) Jura Energy has reported the drilling of the Badar-2 development well onshore Pakistan's Sindh Province in the Middle Indus Basin...

Tunisia's Bouhajla exploration well set for recompletion
(4/23/2014) Africa Hydrocarbons has advised that operator DualEx's preparations for the recompletion of the Bouhajla North-1 exploration well are completed...

Jericho adds EKan-3 acreage to its Miami County, Kansas assets
(4/23/2014) Jericho Oil has contracted a 50% interest in the EKan-3 acreage encompassing 160 development acres in Miami County, Kansas...
Expro scores BP subsea contract for Shah Deniz 2 project
(4/23/2014) Expro has secured a subsea contract with BP for the Shah Deniz Stage 2 project in the Azerbaijan sector of the south Caspian Sea...

BP selling Alaska North Slope interests in 4 fields to Hilcorp
(4/23/2014) BP has agreed to sell its operating interests in the Endicott, Northstar, Liberty, and Milne Point Fields on the North Slope of Alaska to Hilcorp...

Hydrocarb Namibia grav-mag survey shows 16 new leads
(4/23/2014) Hydrocarb Energy has received the final comprehensive report on its recently acquired high-resolution aerial gravity and magnetics survey...

Atkins wins Maersk engineering support deal for 3 production vessels
(4/23/2014) Atkins has been awarded an engineering support contract covering three of Maersk Oil's production assets in the UK sector of the North Sea...

Chestnut's 1st East Texas White Oak Creek well promising
(4/23/2014) Chestnut Exploration & Production has successfully completed the Cherokee-1 well in Cherokee County, Texas' White Oak Creek Field...
Longreach to penetrate Lower Liassic target in Morocco well
(4/23/2014) Longreach Oil & Gas is about to drill into the targeted Lower Liassic formation, the first prospective zone in its Kamar-1 exploration well...

ARKeX resumes MC FTG survey in Norway's SE Barents Sea
(4/23/2014) ARKeX has recommenced acquisition of a multi-client full tensor gravity gradiometry survey in the Norwegian southeastern Barents Sea...

PTTEP buys Hess interests in 2 Thailand fields
(4/23/2014) Hess Corporation has sold its interests in Thailand's onshore Phu Horm South Block and its Sinphuhorm Fields and its offshore Pailin Block...

 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
Crude futures down on record high US oil stocks

(4/23/2014) The US Energy Department's Energy Information Administration (EIA) report today on domestic crude oil inventories said that stocks saw a build last week of 3.5 million bbl to a total of 397.6 million bbl, the highest level since record-keeping commenced 34 years ago, and although analysts and traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) were expecting a big build, they were not anticipating such an increase...⇒⇒⇒
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