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Latest Headlines

PTTEP makes its largest gasfield discovery
PTT Exploration & Production has achieved its largest gasfield discovery with its Lang Lebah-2 exploration well in the South China Sea off Sarawak...

Shearwater to shoot OBN seismic in Brazil's Santos Basin
(2/20/2021) Shearwater GeoServices has been contracted by Petroleo Brasileiro for a deepwater ocean bottom node seismic acquisition for Tupi and Iracema Projects...

Beach proves Australia Otway Basin Enterprise discovery
(2/17/2021) Beach Energy has confirmed reserves in relation to the Enterprise gasfield discovery in Australia's nearshore Victorian Otway Basin, Block VIC/P42...

TechnipFMC granted EPCI for offshore Egypt subsea wells & tieback
(2/17/2021) Energean has reported that its joint venture with Egyptian General Petroleum, AbuQir Petroleum, has concluded an integrated contract...

Siemens cuts Maersk jackups' CO2 & NOx emissions
(2/16/2021) Siemens Energy has signed an agreement with Maersk Drilling to upgrade two ultra-harsh environment CJ70 jackup drilling rigs in the North Sea...
Cosmos Energy awarded Abu Dhabi Offshore Block 4
(2/15/2021) The Abu Dhabi National Oil Company has awarded exploration rights to Offshore Block 4 to Cosmos Energy subsidiary Cosmos E&P Albahriya...

Lightsource BP acquires stake in solar portfolio in Spain
(2/15/2021) Lightsource BP has acquired interest in an 845MW solar portfolio from local Spanish solar developer Iberia Solar that includes five sites in Spain...

Sapura scores Saudi Aramco EPCI contract for offshore fields
(2/15/2021) Sapura Energy has been contracted by Saudi Aramco to provide engineering, procurement, construction, and installation services...

PNG & Total pen pact for gas to feel Papua LNG Project
(2/15/2021) The Papua New Guinea government and Total have signed a fiscal stability agreement for the Papua LNG Project almost two years after they signed...

Tullow sells Equatorial Guinea & Gabon assets to Panoro
(2/15/2021) Tullow Oil has signed two separate agreements with Panoro Energy to sell its assets in Equatorial Guinea and the Dussafu asset in Gabon...

Shearwater scores 2 3D seismic shoots off Western Australia
(2/15/2021) Shearwater GeoServices has been awarded two 3D seismic surveys to be conducted offshore Western Australia beginning during the second quarter...

Canada's Montney producers ARC & Seven Generations merging
(2/15/2021) ARC Resources has agreed to merge with fellow Montney producer Seven Generations Energy in an all-stock deal worth around US$6.38 billion...

LLOG & Eni in infrastructure agreement for US Gulf Taggart development
(2/15/2021) LLOG Exploration Offshore and Ente Nazionale Idrocarburi have concluded an agreement providing access to Eni's and Marubeni's subsea infrastructure...

Equinor selling US Bakken Field interest to Grayson Mill
(2/14/2021) Equinor is divesting its interests in the US Bakken Field in North Dakota and Montana to Grayson Mill Energy for a total of around US$900 million...

Magseis Fairfield wins further deepwater US Gulf OBN survey
(2/14/2021) Magseis Fairfield has been awarded a new deepwater 4D ocean bottom node monitoring survey in the US sector of the Gulf of Mexico...

BOEM suspends planned US Gulf Lease Sale 257
(2/14/2021) US Interior Department's Bureau of Ocean Energy Management has rescinded its Record of Decision for Gulf of Mexico Oil and Gas Lease Sale 257...

US active rotary rig count rises by 5 rigs this week
(2/12/2021) Baker Hughes has reported its count of active drilling rigs operating this week in the US rotary rig fleet has increased by five to a total of 397...

Rosneft & BP collaborating in carbon management & sustainability
(2/4/2021) Rosneft has signed a strategic collaboration agreement with BP to support carbon management and sustainability activities of both companies...
International Court of Appeal finds Shell liable for oil spills in Nigeria
(2/3/2021) The International Court of Appeal in The Hague, Netherlands has found Royal Dutch Shell responsible for two major oil spills in Nigeria...

Deepsea Atlantic to drill Equinor's Tordis Field
(2/3/2021) The Norwegian Petroleum Safety Authority has given its consent to Equinor for its employment of the semisubmersible drilling rig Deepsea Atlantic...

Inpex ups stake in US Gulf Lucius & Hadrian North Fields
(2/2/2021) Inpex's US subsidiary, Inpex Americas, has acquired an additional 2.3546% interest in the Lucius and Hadrian North Fields in the US Gulf of Mexico...

OGDCL achieves discovery in Pakistan's Sindh Province
(2/2/2021) Oil and Gas Development Company Limited has discovered gas and condensate with exploration well Sial-1 in Pakistan's Sindh Province...
Empire drilling Carpentaria exploration well in NT, Australia
(2/2/2021) Empire Energy has commenced drilling the Carpentaria-1 exploration well in its 100% owned and operated Block EP187 in Northern Territory, Australia...

PGS completes seismic survey of Campos Basin emerging plays
(2/1/2021) Petroleum Geo-Services has surveyed additional open acreage to complete its coverage of the emerging plays in Brazil's outboard Campos Basin...

Canadian Northland picked as partner in Baltic Sea windfarm
(2/1/2021) Canadian Northland Power has been selected by PKN Orlen as its strategic partner for its offshore windfarm in the Polish sector of the Baltic Sea...

Worley wins CNOOC Europe EPC contract
(2/1/2021) The Nexen subsidiary of the CNOOC Petroleum Europe unit of China National Offshore Oil Corporation has awarded Worley a two-year contract...

Shearwater GeoServices awarded 3D Survey in SE Asia
(2/1/2021) The Shearwater GeoServices joint venture of Rasmussen, GC Rieber Shipping, and Schlumberger has been awarded a 1,500 sq km marine survey...
Oman's Arabian Sea offshore Yumna Field goes on production
(2/1/2021) Rex International subsidiary Masirah Oil has reported that production has commenced from the second development well drilled in the Yumna Field...

Petrobras sells stakes in Brazil's Espirito Santo E&P assets
(2/1/2021) Petroleo Brasileiro has agreed to the sale of its interests in the Peroa and Cangoa Fields and Block BM-ES-21 and its Malombe discovery...

Keppel Offshore & Marine exiting offshore rig building
(1/31/2021) Keppel is ceasing to build offshore rigs as part of its present restructuring program once it has completed those rigs currently under construction...

Equinor granted drilling permit for North Sea wildcat
(1/31/2021) The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Equinor Energy for a wildcat well in production license 785S off Norway...

NextDecade finds Texas City site unsuitable for LNG development
(1/31/2021) NextDecade Corporation has completed an evaluation of the proposed Galveston Bay LNG site and determined the Texas City site is not suitable...
Ganope to drill 11 Egyptian Red Sea exploration wells
(1/31/2021) Ganoub El Wadi Petroleum Holding Company has announced plans to drill 11 exploration wells during fiscal year 2021-22 in the Egyptian Red Sea...

Chevron petitions US State Department to ease sanctions on Venezuela
(1/31/2021) Chevron has joined India's Reliance Industries in calling for the US State Department to ease sanctions imposed on the Venezuelan oil industry...
Biden temporarily halts federal oil & gas lease sales
(1/31/2021) President Joe Biden has temporarily suspended new oil and gas lease sales on US federal lands and in federal waters, and ordered a review...

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

COVID-19 Resurgence & Renewed Demand Loss

Dev George
Managing Editor

There is tremendous anticipation that the several coronavirus (COVID-19) vaccines that are soon to be available may signal the end of the terrible pandemic that has swept the world, causing at least 66.5 million cases of illness due to the virus and killing 1.52 million people to date. The United States leads the world in number of cases and deaths, followed by India, Brazil, Russia, France, UK, Spain, and Italy...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Oil falls after surging past $65 on Texas freeze

(2/18/2021 OGI: Houston) Oil prices have fallen sharply at the New York Mercantile Exchange (Nymex) and London Intercontinental Exchange (ICE) as profits were taken as a result of the arctic temperatures that have struck the energy capital of the world...⇒⇒⇒
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