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Latest Headlines

BHP plugs & abandons 1st Wildling well in US Gulf, drilling 2nd
(4/26/2017) BHP Billiton has been unable to complete its Wildling-1 exploration well after encountering mechanical difficulties and has plugged and abandoned it...

PetroChina to double output of Iraq's Halfaya Field
(4/26/2017) Iraq's national oil company Missan Oil has reported that PetroChina has begun its third and final phase of development of the Halfaya Field...

Shelf Drilling acquiring 3 premium jackup rigs for $225 million
(4/26/2017) Shelf Drilling has entered into letters of intent to acquire three premium jackup drilling rigs for a total of US$225 million...

Europa's farmout of Ireland license interest to Capricorn approved
(4/26/2017) The Irish government has consented to the transfer of operating interest in Licensing Option 16/19 from Europa Oil & Gas to Capricorn Ireland...

TGS set to shoot Crean 3D multi-client project off Ireland
(4/26/2017) TGS Nopec Geophysical has announced a new multi-client acquisition project, the Crean 3D seismic survey to be shot in the Irish Atlantic Margin...

New exploration well drilling offshore Senegal at FAN South
(4/26/2017) FAR Limited has reported the Cairn Energy-led Senegal Joint Venture is drilling the FAN South-1 exploration well into the FAN South Prospect...

Tlou prepping for Botswana CBM Project development
(4/26/2017) Tlou Energy has secured the funds to undertake the development of its Lesedi CBM Project in Botswana commencing with an additional appraisal...

Uruguay set to offer 17 offshore blocks for bidding
(4/26/2017) ANCAP, the Uruguayan state oil company, has advised it will be offering for bid 17 exploration blocks in the South Atlantic offshore Uruguay...

Resource Energy acquiring Blue Ridge's Bakken North Dakota assets
(4/26/2017) Resource Energy Can-Am and Blue Ridge Mountain Resources have entered into a definitive agreement whereby Resource Energy will acquire...

AGR to provide reservoir management to Norwegian Petroleum Directorate
(4/26/2017) AGR has been awarded a new framework agreement with the Norwegian Petroleum Directorate to deliver reservoir management studies...
TechnipFMC contracted for Guyana's Liza Field subsea equipment
(4/26/2017) TechnipFMC has been contracted by ExxonMobil affiliate Esso Exploration & Production Guyana for the engineering, manufacture, and delivery...

Kuwait Energy drilling 1st well in Egypt's Abu Sennan campaign
(4/26/2017) Kuwait Energy has begun its 2017 drilling campaign in Egypt's recently awarded Abu Sennan 5 Development East Al Jahraa Southeast Field...

DR Congo & Rwanda pen 5-year Lake Kivu exploration pact
(4/25/2017) The Democratic Republic of Congo and Rwanda have concluded a five-year joint exploration agreement to search for oil beneath Lake Kivu...

Six Ensco jackup rigs win new contracts & extensions
(4/25/2017) Ensco has revealed in its latest fleet status report that it has obtained key contracts and/or contract extensions for six of its jackup drilling rigs...

CGG GeoConsulting launches global sediment provenance database
(4/25/2017) CGG GeoConsulting has launched Provenance, an integrated global sediment provenance database, tool, and knowledgebase for explorers...
Schlumberger takes stake in Morocco's Meridja & Tendrara area
(4/25/2017) Sound Energy has signed a binding heads of terms with Schlumberger to expand its relationship into Meridja and the Tendrara areas...

SDX schedules 7 wells in Morocco's Lalla Mimouna & Sebou
(4/25/2017) SDX Energy has advised that it intends to drill two exploration wells in the Lalla Mimouna Nord and Sud permits in the latter half of this year...

Petrofac picks up $70 million in Iraq services contracts
(4/25/2017) Petrofac has reported receiving a series of contract awards worth more than US$70 million for engineering, operations, and maintenance services in Iraq...

Accumulate Energy to test Alaska North Slope shale
(4/25/2017) 88 Energy's subsidiary Accumulate Energy Alaska has spudded its Icewine-2 exploration well designed to confirm the commerciality of the HRZ shale...

Golden Pass wins authorization to export LNG to non-FTA countries
(4/25/2017) The US Department of Energy has signed an order authorizing Golden Pass Products to export domestically produced liquefied natural gas...

SeaBird awarded 2D seismic survey off West Africa
(4/25/2017) SeaBird Exploration has signed a letter of award to carry out a new 2D seismic acquisition offshore West Africa commencing this quarter...

Keppel enters 3-way deal to save deferred jackup rigs
(4/24/2017) Keppel Corporation has reported concluding a heads of agreement with Borr Drilling for the five jackup drilling rigs originally ordered by Transocean...

Pacific E&P withdrawing from Peru Amazon block & national park
(4/24/2017) Pacific Exploration & Production has ceased operations onshore Peru in Block 135, which includes some 40% of Sierra del Divisor National Park...

Trump to try to overturn Obama-protected lands to permit exploration
(4/24/2017) US President Donald Trump is set to try to reverse some of former President Barack Obama's regulations prohibiting oil and gas exploration...
Chevron selling all of its Bangladesh assets to Himalaya Energy
(4/24/2017) Chevron has revealed that its wholly owned subsidiary, Chevron Global Ventures, has entered into an agreement to sell its Bangladesh subsidiaries...

Turkey launches eastern Mediterranean seismic shoot
(4/24/2017) Turkey has begun a new seismic acquisition program in the eastern Mediterranean with the seismic vessel Barbaros Hayrettin Pasa...

Statoil given okay to put Norway's Gina Krog facilities to use
(4/24/2017) The Norwegian Petroleum Safety Authority has given its consent to Statoil to put the Gina Krog Field facility and associated pipeline system into service...

Fluor contracted for BP's Trinidad Cassia Compression Project
(4/24/2017) Fluor has been selected by BP Trinidad & Tobago to perform the front-end engineering and design for the Cassia Compression Project...

Bureau Veritas to review Noble's Mediterranean Leviathan Project
(4/24/2017) Noble Energy has appointed Bureau Veritas to provide anindependent verification of its development executions in the Leviathan Project...

Aminex triples resource estimate at Ntorya area in Tanzania
(4/24/2017) Aminex has reported a material increase in its estimate of gas initially in place in the Ntorya appraisal area of the Ruvuma onshore concession...

Statoil's Aasta Hansteen spar sails from South Korea to Norway
(4/23/2017) The world's largest spar platform and the first for Norwegian waters, the Aasta Hansteen spar, has sailed from the Hyundai Heavy Industries...

Norway's Cara Field development feasibility studies contracted
(4/23/2017) Engie E&P Norge has awarded contracts to TechnipFMC and Aker Engineering & Technology to carry out feasibility studiies for development...

Prosafe selling semisub accommodation rig Safe Regency for scrap
(4/23/2017) Prosafe has decided to sell another one of its semisubmersible accommodation rigs for scrap after the flotel was laid up in Curacao...

SNC-Lavalin poised for takeover of WS Atkins in $2.6 billion buy
(4/23/2017) SNC-Lavalin's offer to acquire WS Atkins for approximately US$2.66 billion has been endorsed by the Atkins directors and is expected to be effective...
ExxonMobil denied exception to US sanctions on Russia drilling
(4/23/2017) US Treasury Secretary Steven Mnuchin has advised that there will be no exceptions granted to US companies seeking to drill for oil and gas in Russia...

Petro Matad wins extensions to Mongolia concessions
(4/23/2017) Petro Matad has been awarded extensions to its production sharing contracts' exploration periods for Blocks IV and V a further two years...

Sovcomflot charters 2nd Polarcus seismic vessel for work off Russia
(4/23/2017) Polarcus has revealed that its Norwegian subsidiary has concluded a 5 1/2 year bareboat contract for the Polarcus Amani, which was delivered...

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

Guest Editorial: Brexit & the oil industry

by Prof Paul de Leeuw, Director, Oil and Gas Institute, Robert Gordon University, Aberdeen, Scotland

Few could have predicted the sequence of events triggered by former Prime Minister David Cameron, when in February 2016 he made his announcement on the steps of Downing Street that the Brexit referendum would indeed take place. Irrespective of the way people then voted on 23 June 2016, very few would have wagered that the FTSE 100 index of leading shares would now be at a record high and that the UK would be one of the fastest growing economies in the developed world...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Prices pressured down push higher on possible Russian production

(4/25/2017) Crude futures ended slightly higher today after trading vacillated up and down throughout the day to reach the closing bell at the New York Mercantile Exchange (Nymex) and London’s Intercontinental Exchange (ICE) with across-the-board increases of about US$.50/bbl...⇒⇒⇒
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