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Latest Headlines

Husky well scores a discovery in South China Sea
Husky Energy has reported a successful exploration well in the South China Sea offshore China some 160 km southeast of Hong Kong in Block 15/33...

Comet Ridge drilling Albany-1 appraisal in Queensland Galilee Basin
(5/21/2018) Comet Ridge has spudded the Albany-1 sandstone appraisal well in Queensland, Australia's Galilee Basin with the Easternwell Rig 101...

KBR contracted to develop southern Iraq's Majnoon Field
(5/21/2018) KBR has been awarded a contract by Basra Oil Company for the development of the Majnoon Field in Basra Province, southern Iraq...

Frontera flowtesting Taribani well Dino-2 onshore Rep of Georgia
(5/21/2018) Frontera Resources has carried out a flowtest on its Dino-2 well in the Taribani Complex onshore Block 12 in the Republic of Georgia...

Sembcorp contracted by Shell Offshore for US Gulf Vito Field FPU
(5/21/2018) Sembcorp Marine has reported its Sembcorp Marine Rigs & Floaters subsidiary has been contracted by Shell Offshore to construct...

Benthic acquiring geotech data for Tullow on Ghana's Jubilee Field
(5/21/2018) Benthic, with partners Petro Services Shipping Ghana Limited, has secured a contract for an offshore geotechnical investigation in the Jubilee Field...

Mubadala's Pearl Oil drilling Manora-8 offshore Thailand
(5/21/2018) Tap Oil has advised that Mubadala Petroleum subsidiary Pearl Oil has commenced drilling the Manora-8 well in the Gulf of Thailand's Block G1/48...

88 Energy production testing Alaska North Slope Icewine-2
(5/21/2018) 88 Energy has reported site works have commenced to clear snow and ice from the Franklin Bluffs gravel pad to access the Icewine-2 wellhead...

Indonesia's Ogan Komering Concession granted to Pertamina
(5/21/2018) Jadestone Energy has advised that a new gross split production sharing contract for the Ogan Komering working area has been signed...

Azinam launching 24-month multi-well drilling campaign off Namibia
(5/21/2018) Azinam is preparing to commence a multi-well, 24-month drilling campaign offshore Namibia in the Walvis Basin to test its prospective acreage...

Kosmos to redrill Anapai-1 offshore Suriname due to stability issue
(5/21/2018) Kosmos Energy's Anapai-1 exploration well offshore Suriname encountered borehole stability issues before reaching its target and is being redrilled...

Robertson New Ventures Suite launched to accelerate exploration
(5/21/2018) CGG GeoConsulting has launched the Robertson New Ventures Suite of integrated and digitally transformed exploration-focused geoscience tools...

Real Energy reaches TD in Queensland, Australia Tamarama-3
(5/21/2018) Real Energy has reported reaching total depth in its Tamarama-3 exploration well in the Queensland, Australia Cooper-Eromanga Basin...

PGNiG suspending Iran project due to pending sanctions
(5/20/2018) Polskie Gornictwo Naftowe i Gazownictwo is suspending its participation in a gas project in Iran because of the risk from US sanctions...
TCarta provides satellite bathymetry for Total's offshore Myanmar seismic
(5/20/2018) TCarta has delivered its recently acquired satellite derived bathymetry to Total to be used to plan seismic acquisition offshore Myanmar...

Wood launches next phase of SEAR JIP, offshore Australia
(5/20/2018) Wood has announced the next phase of a collaborative industry effort to develop better reliability of subsea equipment for use offshore Australia...

China warns Rosneft & Petrovietnam on South China Sea drilling
(5/18/2018) The Chinese Foreign Ministry has issued a warning to Rosneft and Petrovietnam against undertaking drilling operations in the disputed area...

Norske Shell given wildcat drilling permit for North Sea
(5/18/2018) The Norwegian Petroleum Directorate has granted a drilling permit to the Norske Shell unit of Royal Dutch Shell for wildcat well 34/5-2S...

Shell declares force majeure at Bonny terminal in Nigeria
(5/18/2018) The Shell Petroleum Development Company of Nigeria subsidiary of Royal Dutch Shell has declared force majeure at its Bonny terminal in Nigeria...
Echo makes gas discovery at ELM-1004 onshore Argentina
(5/18/2018) Echo Energy has reported the successful completion of drilling of the ELM-1004 exploration well at the company's Fraccion C asset, onshore Argentina...

Volga Gas starts LPG production at Dobrinskoye gasfield
(5/18/2018) Volga Gas has commenced production of liquid petroleum gases at its Dobrinskoye gasfield and processing plant in Russia's Volga Region...
SDX confirms new gas discovery at Egypt's South Disouq
(5/18/2018) SDX Energy has advised that it has obtained positive well test results confirming a significant gas discovery with its Ibn Yunus-1X well...

US rotary rig count up only one rig this week
(5/18/2018) Baker Hughes has reported the US rig count increased by just one rig this week for a total of 1046 working rigs, 145 more than this time last year...

Ion to shoot 2D MC GrandSpan survey off Newfoundland
(5/18/2018) Ion Geophysical will be acquiring a new 2D multi-client seismic survey offshore Newfoundland, Canada in the Grand Banks of the North Atlantic...

Eni & Galp given go-ahead for exploration well off Portugal
(5/18/2018) Portugal's Agencia Portuguesa do Ambiente has advised its studies found no cause to prevent the Santola-1X deepwater exploratory drilling project...

Freighter Fluvius Tavy crashes into Maersk Giant jackup rig
(5/18/2018) An accident has occurred involving the general cargo ship Fluvius Tavy and the jackup drilling rig Maersk Giant at the Esbjerg Harbor in Denmarka...

Tendeka North Sea field trial of wireless technology a success
(5/17/2018) Tendeka has reported it has successfully demonstrated a further capability of its PulseEight wireless technology with a major North Sea operator...
Pergas to develop Iran's onshore Karanj Field
(5/17/2018) The National Iranian South Oil Company has concluded an agreement with the Pergas Consortium to develop the Karanj Field in southwestern Iran's Khuzestan Province...

Vitol, Glencore & Shell vying for Petrobras stakes in Nigeria blocks
(5/17/2018) Offers have been submitted to Petroleo Brasileiro (Petrobras) for its subsidiary Petrobras Oil & Gas (Africa) and its interests in Nigeria's Blocks OML127 and OML130, location of the Agbami and Akpo Fields, which collectively produce approximately 370,000 b/d...

KCA Deutag rig lined up for Nigeria Ubima workover
(5/17/2018) QaEland Oil & Gas has signed a rig contract with KCA Deutag for the T-57 land rig to workover the Ubima-1 well on the Ubima Field onshore Nigeria in Block OML17 in northern Rivers State...

New measures to back UK shale gas exploration & development
(5/17/2018) The British government has released a new package of measures to continue supporting the development of the country's shale gas as part of the modern industrial strategy...

Lukoil completes geophysical model of Russia's Denisov license area
(5/17/2018) Lukoil has reported the completion of its integrated geological and geophysical model of fields and exploration structures in the Denisov depression in Russia's Timan-Pechora region of the Yamal-Nenets Autonomous Okrug...

Wood Group wins Gorgon Stage 2 contract extension
(5/17/2018) Wood Group has extended its framework agreement with Chevron Australia to provide master contractor services to the Gorgon Stage Two development located offshore northwestern Western Australia...

Wellesley drilling Kallaasen wildcat offshore Norway
(5/17/2018) Concedo has reported that operator Wellesley Petroleum is set to spud a wildcat exploration well on the Kallaasen Prospect offshore Norway in the Norwegian sector of the North Sea, PL925...

Borr Drilling acquires 5 high-spec jackup newbuilds from Keppel
(5/16/2018) Borr Drilling has reported its acquisition of five high-spec newbuild jackup drilling rigs from the Keppel FELS unit of Keppel Offshore & Marine...

Global oil demand to lessen as price approaches $80/bbl
(5/16/2018) The International Energy Agency (IEA) has advised that it is likely that worldwide demand for oil will moderate during the second half of this year as the price, as predicted, rises to near US$80/bbl...

BW Energy to drill another well off Gabon in Ruche area
(5/16/2018) Panoro Energy has reported the decision has been made to follow the successful drilling of the DTM-3 appraisal well on the Tortue Field offshore Gabon with an additional well...

Total quits Iran South Pars 11 Project in face of US sanctions
(5/16/2018) Total has advised that because of the pending reinstatement of US sanctions on Iran with the withdrawal from the Joint Comprehensive Plan of Action (JCPOA) - known commonly as the Iran nuclear deal - by the United States...

C-NLOPB investigating spill from Suncor-operated rig in Canadian Atlantic
(5/16/2018) The Canada-Newfoundland & Labrador Offshore Petroleum Board (C-NLOPB) has launched an investigation into the spill of a synthetic-based mud (SBM) from the semisubmersible drilling rig Transocean Barents offshore Newfoundland on the Terra Nova Field...

Aker Solutions wins Equinor contract for Troll A platform module
(5/16/2018) Aker Solutions has secured a contract valued at over US$123 million from Equinor (formerly Statoil) to deliver a module for the Troll A platform that will help increase output at one of Norway's largest natural gas fields...

BP awards Vroon Offshore Services multi-ship contract
(5/16/2018) Vroon Offshore Services has been awarded a long-term contract with BP to provide emergency response and rescue vessels (ERRVs) to support BP's ongoing and future operations in the North Sea and West of Shetland area...

Statoil is now Equinor
(5/16/2018) Statoil has officially changed its name to Equinor with the approval of the change yesterday of its shareholders annual general meeting. The company said today that the name change is in keeping with change...
 For more headlines, select from OGI Departments at top left
From the Editor

What can solve the dire situation in Venezuela?

Dev George
Managing Editor


It has not been so long ago that Venezuela was regarded as one of the most reliable, efficient, and well managed petroleum producers, but since the death of its President Hugo Chavez, the country has fallen into economic chaos with inflation now at about 3,000%, and this has resulted in virtually every aspect of Venezuelan society deteriorating...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Prices fall after yesterday's rise to record highs

(5/18/2018) Crude prices fell today at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) after having risen to highs not seen since November 2014. North Sea Brent had the most increases during the week and, in fact, recorded its sixth consecutive week of gains. West Texas Intermediate (WTI) spent the week with rising and falling prices and closed today with near minimal growth...⇒⇒⇒
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