OGI - Oil and Gas International Log on Log off Subscribe
OGI Departments

World Industry News
Exploration & Discoveries
Drilling & Completion
Development & Production
Licensing & Concessions
Geosciences
LNG/LPG
Health Safety Environment
Company News

Oil/Gas Prices & Analysis

Special Features
Technical Reports
Regional Spotlight

New Products & Services
Industry Calendar
Industry Book Reviews
Industry Associations
Industry Links
Search Archives

Upcoming Events
January 16-18
Argus 10th Americas Crude Summit
January 22-25
14th International Petro Energy Summit
January 23-25
Permian Basin Congress 2018
January 24-25
SPE Drilling HSE&T Asia Pacific Conference & Exhibition
January 25-26
Platts 18th Annual Caribbean Energy Conference
January 29-31
SPE Middle East Drilling Technology Conference & Exhibition
January 31-February 2
AAPG 3rd International Conference on Geology, Resources, Geo-hazards of Myanmar & Surrounding Regions
More Events
New Products & Services
Reflex launches WAVE-4 personnel transfer carrier

Personnel fall protection lanyard

Marine Breakaway Couplings

Latest version of RockWorks for 2D & 3D visualization

Submit your new products and services to OGI

New Book Review

Brazilian Upstream
Edited by: Dr Eduardo G. Pereira
Latest Headlines

Shell's FID to redevelop UK North Sea Penguins Field approved
(1/15/2018) Royal Dutch Shell has made the final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea...

LINN selling stake in Utah's Altamont Bluebell Field
(1/16/2018) LINN Energy has agreed to sell its interest in properties located in the Altamont Bluebell Field in the Uinta Basin of northeastern Utah...

Petrobras transfers rights to Lapa & Iara Fields to Total
(1/16/2018) Petroleo Brasileiro and Total have completed the transfer of rights in the Lapa and Iara concessions, as part of their strategic alliance...

SBM completes Turritella FPSO handover & transaction with Shell
(1/16/2018) SBM Offshore and Shell E&P Offshore Services have completed their transaction related to Shell's purchase of the Turritella FPSO...

Canacol scores significant gas discovery onshore Colombia
(1/16/2018) Canacol Energy has reported achieving a large gas discovery with its Pandereta-2 well in Colombia's Lower Magdalena Valley Basin...

Statoil renews & expands MMT survey & light construction contract
(1/16/2018) Statoil has renewed and expanded its frame contract with MMT as a result of the successful cooperation between MMT Sweden and Reach Subsea...

Fire strikes Petrobras' FPSO on Lula Alto Field off Brazil
(1/16/2018) Petroleo Brasileiro has reported a fire broke out aboard its Cidade de Marica floating production, storage, and offloading vessel this morning...

Drillship Deepsea Metro 2 to start Turkish Mediterranean operations
(1/16/2018) The Turkish Ministry of Energy and Natural Resources has advised that the country's first active drillship, the Deepsea Metro 2, is to commence drilling...

Statoil offered stakes in 31 Norwegian exploration licenses
(1/16/2018) Statoil has reported that the Norwegian Ministry of Petroleum and Energy has offered it interests in 31 exploration licenses off Norway...

United Oil & Gas farms into Corallian's southern UK assets
(1/16/2018) United Oil & Gas has farmed into three licenses held by Corallian Energy in southern UK onshore and offshore interests for a minority stake...

Vermilion expands Saskatchewan assets with $90.8 million buy
(1/16/2018) Vermilion Energy has agreed to acquire a private southeast Saskatchewan producer and 42,600 acres of land for a total of US$90.8 million...
Touchstone to drill 1st 5 wells in 2018 Trinidad drilling program
(1/16/2018) Touchstone Exploration is making preparations for the drilling of the first of five new wells onshore Trinidad as the initial wells planned in this year...

Norway awards record number of licenses from APA 2017
(1/16/2018) The Norwegian Ministry of Petroleum and Energy has offered 75 licenses on the Norwegian Continental Shelf in the Award in Pre-Defined Areas...

TGS lines up onshore 3D surveys in Texas, Oklahoma & British Columbia
(1/16/2018) TGS Nopec Geophysical has scheduled three new onshore seismic projects in key North American basins that are set to get underway...

ExxonMobil finds hydrocarbons in PNG P'nyang South-2 well
(1/16/2018) ExxonMobil has encountered hydrocarbons in drilling the onshore P'nyang South-2 well, located in the Western Province of Papua New Guinea...

PetroQuest drilling Louisiana Avoyelles & Pointe Coupee wells
(1/15/2018) PetroQuest Energy has revealed that it is investing US$8.75 million in Avoyelles and neighboring Pointe Coupee Parishes in Louisiana...
SDX drilling Oulad N'Zala-7 onshore Morocco
(1/15/2018) SDX Energy has commenced drilling operations at its Oulad N'Zala-7 development well on the Sebou Block onshore northern Morocco...
Cerro de Chaga-1 in Uruguay delayed for repairs
(1/15/2018 OGI: London) Petrel Energy has advised that Schuepbach Energy Uruguay operations at the Cerro de Chaga-1 remain suspended due to delays...

Premier sells stake in Indonesia's Kakap Field
(1/15/2018) Premier Oil has signed a sale and purchase agreement with Batavia Oil to sell its entire non-operated interest in the Natuna Sea Kakap Field...

Statoil & Socar agree to development of Karabakh Field
(1/15/2018) The State Oil Company of the Azerbaijan Republic has agreed to terms for development of the Karabakh Field in the Azerbaijani Caspian Sea...

Lundin given go-ahead to drill with COSLInnovator
(1/14/2018) Norway's Petroleum Safety Authority has given its permission to the Lundin Norway subsidiary of Lundin Petroleum to drill an exploration well...

Sri Lanka to offer blocks off northern coast in Mannar & Cauvery Basins
(1/14/2018) Sri Lanka's Petroleum Resource Development Secretariat is making final preparations to offer offshore blocks in its Third Licensing Round...

President taps down 2 workover wells on Argentina's Puesto Flores Field
(1/14/2018) President Energy has completed its third and fourth workover wells at the operated Puesto Flores Field in Rio Negro Province, Argentina...

Oil worker kidnapped by Colombia's ELN rebels
(1/14/2018) The Ejercito de Liberacion Nacional, or National Liberation Army of Colombia, has kidnapped a Colombian oil worker from his office...
Tullow gearing up to exit Uganda as operator at midyear
(1/14/2018n) Tullow Oil has revealed its intention to continue farming down its holdings in Uganda in order to cease being an operator...

New York City sues oil majors for contributing to climate change
(1/14/2018) The mayor of New York City. Bill De Blasio, has filed a lawsuit against BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell...

Helicopter crash offshore Mumbai kills 4 ONGC executives
(1/14/2018) A Pawan Hans helicopter carrying four executives from Oil and Natural Gas Corporation, another ONGC employee, and two pilots has crashed...

FairfieldNodal acquiring UK marine geophysical services provider
(1/14/2018) FairfieldNodal has finalized its agreement to purchase the assets of marine geophysical services company WGP Group, headquartered in the UK...

BNK drilling this year's 2nd producer on Oklahoma's Tishomingo Field
(1/14/2018) BNK Petroleum has begun drilling the Glenn 16-2H well in the Tishomingo Field in southern Oklahoma's SCOOP region south of the Brock 9-2H well...

Tourmaline upped liquids output by 60% last year
(1/14/2018) Tourmaline Oil is continuing its push for higher production of oil, condensate, and NGLs from Alberta and northeastern British Columbia...

Octanex exiting Eni-operated permits offshore Western Australia
(1/12/2018) Octanex has notified the operator, Eni Australia unit of Ente Nazionale Idrocarburi, that it is withdrawing from the exploration permits...

UK North Sea Tolmount Field sanctioning set for this year
(1/12/2018) Premier Oil has advised that sanctioning of its Tolmount Field development in the Southern Gas Basin of the UK sector of the North Sea is on track...

Ultra Deep Solutions launches DSCV Andy Warhol
(1/12/2018) Ultra Deep Solutions has launched the fourth vessel in its fleet, its newbuild diving support and construction vessel DSCV Andy Warhol...

Cuadrilla discovers new shale resources in Lancashire, England
(1/12/2018) Cuadrilla Resources has discovered a "very sizeable quantity" of natural gas at its Preston New Road exploration site in Lancashire, England...

Po Valley flowtesting Podere Maiar well onshore Italy
(1/12/2018) Prospex Oil & Gas has reported that Po Valley Energy, operator of the Podere Gallina Permit in Italy's Po Valley, has begun isochronal flowtesting...

US working rotary rig count rises 15 rigs this week
(1/12/2018) Baker Hughes has reported that the US rig count was higher by 15 rigs this week with a total was 280 more than at this time last year...

Spirit given consent to drill Norwegian Sea wildcats with Island Innovator
(1/12/2018) The Norwegian Petroleum Safety Authority has given Spirit Energy, formerly Centrica E&P Norge, consent to employ the Island Innovator...

Florida exempted from Trump's offshore drilling plan
(1/12/2018) State opposition to inclusion of Florida in the Trump Administration's opening of most of the US Continental Shelf has produced an exclusion...

Jumbo installs Africa's 1st FLNG unit in Cameroon
(1/11/2018) In 2017 Jumbo Offshore executed the first phase of the Hilli Episeyo Project for Golar LNG in Cameroon, with the subsequent phase the FLNG hookup...

New quake prompts Groningen production cut pledge
(1/11/2018) The Royal Dutch Shell and ExxonMobil joint venture Nederlandse Aardolie Maatschappij has advised that it will propose reducing Groningen output...

Petro Matad completes 3D survey over Mongolia's Tugrug Basin
(1/11/2018) Petro Matad has reported completing its 3D seismic survey in Mongolia's Tugrug Basin to identify and de-risk near-term drilling targets...

Shell sells stake in Iraq's West Qurna-1 to Itochu
(1/11/2018) Ihsan Abdul Jabbar, president of Iraq's Basra Oil Company, has revealed that the 20% stake held in the West Qurna-1 Field has been sold...

Stone penetrates 153 ft pay in US Gulf Mt Providence Prospect
(1/11/2018) Stone Energy has encountered 153 net ft of high quality, primarily oil pay in one Miocene interval in its deepwater US Gulf of Mexico Mt Providence well...

Gazprom Neft drills Russia's 1st quadruple multilateral well
(1/11/2018) Gazpromneft-Yamal, has completed Russia's first multilateral well with four horizontal cased-hole sidetracks on the the Novoportovskoye Field...

Beach makes gas discovery in South Australia's Otway Basin
(1/11/2018) Beach Energy has reported making a new gasfield discovery at Haselgrove-3 ST1 in the onshore Otway Basin of South Australia...

Pakistan's OGDCL adds output from 5 new wells
(1/11/2018) Oil & Gas Development Company has brought on five new oil and gas wells, producing 4,133 bbl crude oil and 891 million cf of natural gas...
IFR granted permit to drill Tecolutla Block onshore Mexico
(1/11/2018) International Frontier Resources has reported its Mexican joint venture Tonalli Energia has received approval of its contract on the Tecolutla Block...

ADES extends 2 contracts & renews leases in Egypt
(1/11/2018) ADES International has extended its contracts with Gulf of Suez Petroleum, a joint venture of BP and Egyptian General Petroleum Company...

Northern sells 2 jackup drilling rigs to Dixstone
(1/10/2018) Northern Offshore has sold its jackup drilling units Energy Endeavour and Energy Enhancer to Dixstone Holdings Limited on 19 and 27 December...

Tullow to operate 6 blocks in the Pacific offshore Peru
(1/10/2018) Tullow Oil has concluded negotiations with Perupetro and obtained 100% interest in six license areas offshore Peru with a total of 28,000 sq km...
Lundin draws a dry well with Barents Sea Hurri exploration well
(1/10/2018) Lundin Petroleum subsidiary Lundin Norway has concluded drilling its Hurri exploration well 7219/12-3S in PL533 in southern Norwegian Barents Sea...

SM Energy selling Powder River Basin assets for $500 million
(1/10/2018) SM Energy has entered into a definitive agreement for the sale of a majority of its Powder River Basin assets in Wyoming for US$500 million...
Perdana putting 4 vessels to work in Baronia Rejuvenation CP3 Project
(1/10/2018) Perdana Petroleum has been granted contracts from its major shareholder Dayang Enterprise valued at approximately US$10.4 million...

Jacobs awarded EPCM contract for Phase 2 of Oman's Khazzan Project
(1/10/2018) Jacobs Engineering has been selected by BP to provide engineering, procurement, and construction management services for Phase 2...

Byron starts drilling US Gulf South Marsh Island 71 producer
(1/10/2018) Otto Energy has reported that operator Byron Energy has begun drilling operations on the South Marsh Island Block 71 development well...

Oman awards Al Afif onshore block to Petroleb SAL
(1/10/2018) The Omani Ministry of Oil & Gas has awarded a production sharing contract for Block 57, the Al Afif onshore concession, to Lebanon's Petroleb SAL...

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

Trump's tax rewrite to boost oil industry in short term

Dev George
Managing Editor


The newly instituted tax bill cobbled together by a gaggle of Trump Republicans is expected to be a gift to the US oil and gas industry, not so much due to changes in the formulation of tax laws but to provisions inserted in the bill that have nothing to do with taxes...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Prices close week with 6th straight day of increases

(1/12/2018) Traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) sent our monitored benchmarks' future prices ever upward for a sixth consecutive day as weight was given to a pronouncement by Russian Minister of Petroleum Alexander Novak that the winding down of...⇒⇒⇒
Feedback
Email your comments and suggestions on this site or any of its articles
Read Feedback comments
What's New



Tools
Glossary

World Time Zones

Measurement Conversions

Currency Converter

About This Site | Contributer's Guide | Newsfeed Services | 2018 Advertising Info | Contact Us


©Copyright 2001-2018, Oil and Gas International, all rights reserved. ISSN: 155-7440.
Republication or redistribution of any content in the Oil and Gas International website and newsletter, whether by caching, framing, or any similar means, is completely prohibited without advance consent in writing from Oil and Gas International. The content, including articles, maps, graphics, and site information, may not be copied, reproduced, modified, rewritten, or republished in any form, written or electronic, without written permission from Oil and Gas International. The OGI globe logo and Oil and Gas International are registered trademarks. For permissions, Contact Us.