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Latest Headlines

DEA and Wintershall to merge
(12/7/2017) BASF and LetterOne have agreed to merge their respective oil and gas subsidiaries Wintershall and DEA Deutsche Erdol to form a joint venture...

RockRose buys Idemitsu Petroleum UK
(12/8/2017) RockRose Energy has confirmed its completion of acquisition of Idemitsu Petroleum UK, for which it has received acknowledgement of the transaction...

Senex gets enviro okay to develop Western Surat Gas Project
(12/8/2017) Senex Energy has received environmental authority from the Queensland, Australia government to develop the Western Surat Gas Project...

Chisholm expands acreage holding in New Mexico's Delaware Basin
(12/8/2017) Chisholm Energy Holdings has signed a definitive agreement to acquire undeveloped acreage from Resource Rock Exploration in Eddy County...

Europa & its JVC Arenite sell stakes in UK North Sea block
(12/8/2017) Europa Oil & Gas and its joint venture partner Arenite Petroleum have sold their 50% interests in Block 41/24 in the UK sector of the North Sea...

US working rotary rig count rises 2 rigs this week
(12/1/2017) Baker Hughes has reported the US rig count rose by another two rigs this week to a total of 307 more working rotary rigs than at this time last year...

Spectrum shooting 2D survey offshore Mozambique
(12/8/2017) Spectrum Geo has begun a new 2D seismic survey offshore Mozambique on behalf of the Instituto Nacional de Petroleo and for future license rounds...

Polarcus wins enviro permit for Australia 3D broadband survey
(12/8/2017) Polarcus has secured significant industry prefunding and been granted an environmental permit to undertake a broadband 3D marine seismic project...
Mexico cancels bidding for Maximino-Nobilis Block in Gulf
(12/8/2017) Mexico's Comision Nacional de Hidrocarburos has cancelled the tender for a joint venture with Petroleos Mexicanos in the deepwater Maximino-Nobilis...

Calima expands Montney acreage in NE British Columbia
(12/8/2017) Calima Energy has reported its core acreage holding in northeastern British Columbia has grown by 2,738 acres, or 4% with new acreage acquisition...
CGG releases MC airborne grav-mag survey of Mexico's Perdido Fold
(12/7/2017) CGG Multi-Physics has completed its acquisition, processing, and interpretation of a multi-client airborne gravity and magnetic survey...

Aker Solutions to design Castberg FPSO accommodation unit
(12/7/2017) Aker Solutions has won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's FPSO...

Lukoil drilling 1st producer on Caspian Sea's Filanovsky Field
(12/7/2017) Lukoil has finished most of the construction works at the Vladimir Filanovsky Field's Phase 2 development facilities in the Russian Caspian...

Kina farms out stake in Papua New Guinea PPL339 license
(12/7/2017) Kina Petroleum has revealed it has agreed to farmout 20% interest in the PPL339 concession onshore Papua New Guinea to Santos and retain 10%...

DEA signs MoU with Sonatrach for further Algerian upstream projects
(12/7/2017) DEA Deutsche Erdoel and the Algerian state company Sonatrach have signed a memorandum of understanding strengthening cooperation...

Texas' Pine Mills Field sees significant additional reserves
(12/7/2017) Nostra Terra has reported a significant increase in proven reserves at the Pine Mills oilfield, in Wood County, Texas, where it serves as operator...

Chevron pegs $8.7 billion to upstream operations in 2018
(1272017) Chevron Corporation has made public its 2018 capital and exploratory spending program of US$18.3 billion, which includes $8.7 billion for upstream...
Sparrows Group awarded five-year contract from Premier Oil
(12/7/2017) The Sparrows Group has secured a new five-year contract with Premier Oil for the provision of crane operations and maintenance at its North Sea assets...

"Largest lease sale" to date in Alaska draws few bids
(12/7/2017) Only seven tracts received bids in what was deemed Alaska's "largest lease sale" to bring in only US$1.16 million, according to the US BLM...

Colorado's DJ Basin players Bill Barrett & Fifth Creek Energy merging
(12/6/2017) Bill Barrett has agreed to strategic business combination with Fifth Creek Energy NGP, in a transaction valued at approximately US$649 million...
Worker dies aboard Petrobras 10000 in US Gulf of Mexico
(12/6/2017) A worker on board the Petrobras 10000 drillship operating in the US Gulf of Mexico has died as the result of an unspecified incident...

CNR evacuates North Sea Ninian South ahead of Storm Caroline
(12/6/2017) CNR International is evacuating all non-essential personnel from its Ninian South platform in the UK sector of the North Sea east of Shetland...

Inpex & partners extending concession offshore D.R. Congo
(12/6/2017) Inpex has advised that it and its partners have agreed with the government of the Democratic Republic of the Congo to extend their concession 20 years...

Statoil given consent to use Askepott jackup at Oseberg Vestflanken 2
(12/6/2017) The Norwegian Petroleum Safety Authority has given its consent to Statoil for the employment of the Askepott Cat-J jackup drilling rig for well activities...

Novatek acquires South Khadyryakhinskoye & Eurotek
(12/6/2017) Novatek has acquired Russia's Yuzhno Khadyryakhinskoye and Eurotek from the AR Oil & Gas joint venture of Neftegazholding and Repsol...
GeoPark adds another producer in Colombia's Tigana Field
(12/6/2017) GeoPark Limited has successfully drilled and tested its Tigana Norte-4 appraisal well in the Tigana oilfield in Colombia's Llanos 34 Block...

Erin drilling high-impact Oyo Northwest well offshore Nigeria
(12/6/2017) Erin Energy has commenced drilling the Oyo Northwest high-impact exploration well on the company's operated block offshore Nigeria...

Egypt's deepwater Atoll Field starts test gas production
(12/6/2017) Test production has commenced at Egypt's Atoll offshore gasfield in the Egyptian sector of the Mediterranean Sea in the eastern Nile Delta...

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

Pros & cons of Iraq Kurdistan independence

Dev George
Managing Editor

There is much to be said for the Kurdistan Region of northern Iraq being independent of Baghdad rule, as there is much to be said for it remaining a part of Iraq. The region already has a significant degree of autonomy and considerable democracy despite the present autocracy...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Chinese demand, threat of Nigeria strike, & shorts covering perk prices

(12/7/2017) A report from China's General Administration of Customs showed crude oil imports in China grew to 9.01 million b/d last week, the second highest on record, and gave ample evidence that demand in China continues to grow and is expected to shortly surpass the United States as the largest importer of crude at least this year. This booming Chinese demand...⇒⇒⇒
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