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Latest Headlines

Shell makes large US Gulf deepwater discovery with Dover well
The Shell Offshore unit of Royal Dutch Shell has reported achieving a large, deepwater discovery in the US Gulf of Mexico's Mississippi Canyon 612...

OICO wins onshore Iran North Azadegan oilfield E&P project
(5/27/2018) Iran's Oil Industries Commissioning & Operating Company is set to launch oil extraction and production at the North Azadegan Field...

Petronet to partner ONGC Videsh in Qatar LNG project
(5/27/2018) Petronet LNG Ltd is to partner with ONGC Videsh Ltd in acquiring interest in Qatar Petroleum's gas exploration and liquefied natural gas projects...
Halliburton contracted for Saudi unconventional gas services
(5/27/2018) Saudi Aramco has contracted Halliburton to further improve the economics of its unconventional resources program with stimulation services...

Majestic drilling barge destroyed by fire at Conoil Nigeria oilfield
(5/27/2018) Nigeria's Joint Military Task Force in the Niger Delta has confirmed a fire has engulfed the drilling barge Majestic on the Koluama oilfield in Bayelsa...
Wellesley given go-ahead to drill Serin wildcat off Norway
(5/27/2018) The Norwegian Petroleum Safety Authority has given Wellesley Petroleum its consent to drill an exploration well in the Norwegian North Sea in PL925...

Gazprom Neft & Repsol in Khanty-Mansi tech cooperation pact
(5//27/2018) Gazprom Neft and Repsol have entered into a technical cooperation agreement to cooperate in researching and developing new technologies...
Khyber Pakhtunkhwa offering 6 blocks for oil & gas exploration
(5/27/2018) Pakistan's Khyber Pakhtunkhwa Province has opened six blocks for oil and gas exploration: Marwat, Kohat, Goragulto, Wali, Latamber, and Paharpur...

Repsol to spud deepwater exploration well offshore Aruba
(5/25/2018) Repsol is gearing up to undertake an exploratory drilling campaign offshore the Caribbean island of Aruba just off the coast of Venezuela...

Brazil's ANP okays 2 Karoon Gas fields for development
(5/25/2018) Karoon Gas has reported receiving approval from the Brazilian regulatory body Agencia Nacional do Petroleo for its Neon and Goia Fields...

KUB-Gas drilling North Yatskivska-3 well in eastern Ukraine
(5/25/2018) Cub Energy has reported that its subsidiary KUB-Gas, operator of its eastern Ukraine licenses, has begun drilling the North Yatskivska-3...

US rotary rig count rises by 13 rigs this week
(5/25/2018) Baker Hughes has reported the US rig count increased by 13 rigs this week for a total of 1059 working rigs, 151 more than this time last year...

Odfjell in drilling contract for Deepsea Atlantic with Equinor
(5/25/2018) Odfjell Drilling has signed a new drilling contract with Equinor for its semisubmersible drilling rig Deepsea Atlantic and a master frame agreement...

Fabricom wins Centrica contract for Rough Field platforms
(5/25/2018) Fabricom Offshore Services has been contracted to provide EPC services to Centrica Storage Limited on its Rough Field in the UK North Sea...

Equinor drilling 3 new producers on Fram Field
(5/25/2018) Equinor and the Fram license partners have decided to invest more than US$122.7 million in a new gas module on the Troll C platform...

Lukoil joins Gazprom in development of Nenets fields
(5/25/2018) Lukoil has agreed to jointly develop the Vaneyvisskoye and Layavozhskoye Fields in Nenets Autonomous Okrug in Russia's east of Naryan-Mar...

Callon acquiring Texas oil & gas properties from Cimarex
(5/25/2018) Callon Petroleum has entered into a definitive agreement to acquire producing and undeveloped oil and gas properties in Ward County, Texas...

Europa focusing on Inishkea Prospects in the Irish North Atlantic
(5/24/2018) Europa Oil & Gas is concentrating its efforts on LO16/20 which is immediately adjacent to the Corrib gasfield in the Irish North Atlantic...

EON NRG prepping to recomplete 2 Bighorn, Wyoming gaswells
(5/24/2018) EON NRG has advised that with the successful recompletion of the 35-28F Silvertip gaswell in February, it is permitting two more recompletions...

Aqualis wins 1-year rig inspection contract from Petronas Carigali
(5/24/2018) Aqualis Offshore has been awarded a one-year rig inspection agreement by Petronas Carigali Turkmenistan to conduct integrity inspection services...
Bashneft makes oilfield discovery in Iraq's Block 12
(5/24/2018) The Bashneft International subsidiary of Russia's Rosneft oil company has achieved an oilfield discovery in Iraq with its first exploration well...

Nova Scotia postponing bids for offshore licenses
(5/24/2018) The Nova Scotia government is delaying its call for offshore oil and gas exploration bids until later this year, according to Minister Geoff MacLellan...

Total takes stake in Novatek's Arctic LNG 2 in Russia's Ob Gulf
(5/24/2018) Total has signed an agreement with Novatek outlining terms by which it will acquire a direct working interest in the giant liquefied natural gas project...

Apache dedicates Alpine High NGLs to Enterprise
(5/24/2018) Apache Corporation and Enterprise Products Partners have executed a long-term agreement committing 100% of the natural gas liquids...

Mubadala teams up with RDIF & Gazprom Neft in Siberia
(5/24/2018) The Russian Direct Investment Fund has advised that Mubadala Petroleum and Gazprom Neft are to jointly develop Tomsk and Omsk oilfields...

Canacol scores discovery in Colombia's Lower Magdalena Valley
(5/24/2018) Canacol Energy has advised its Breva-1 exploration well in the Lower Magdalena Valley Basin of Colombia has encountered 29 ft of net gas pay...

Rockrose acquires Dyas Netherlands assets
(5/24/2018) Rockrose Energy has signed a sale and purchase agreement to acquire Dyas, which owns Netherlands gas and condensate producing assets...

PVF Energy farming into Enegi Oil lease in western Newfoundland
(5/24/2018) Nu-Oil subsidiary Enegi Oil has entered into non-binding heads of terms with PVF Energy Services under which PVF will farm into its PL2002-01(A)...

 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 take a $1/bbl dive on prospect of OPEC & Russia ending output cuts

(5/24/2018) Trade today at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) took our monitored benchmarks down about US$1/bbl in response to the growing expectation that global oil supply will be significantly negatively affected by a drop in output from Iran as a result of US sanctions and from Venezuela also due to sanctions but from the deterioration of its petroleum industry as a result of its economic decline...⇒⇒⇒
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