OGI Departments World Industry News Exploration & Discoveries Drilling & Completion Development & Production Licensing & Concessions Geosciences Pipelines 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 September 12-14 Africa Oil & Power September 17-19 Asia Pacific Congress on Oil & Gas September 17-20 Gastech Exhibition & Conference September 18-20 International Field Exploration and Development Conference 2018 September 19-20 SPE Asia-Pacific Digital Week Symposium September 24-26 SPE Annual Technical Conference & Exhibition (ATCE) September 24-27 Rio Oil & Gas Conference & Exhibition September 26-29 Congreso Mexicano del Petroleo Exhibition 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 Deepwater Drilling by Peter Aird Latest Headlines ExxonMobil set to drill Thunder Horse East in deepwater US Gulf ExxonMobil is making final pre-spud preparations to drill up to three exploration wells in the deepwater region east of BP's Thunder Horse hub... Pemex & Block 7 Consortium sign pre-unitization agreement (9/21/2018) Petroleos Mexicanos and Talos Energy, operator of Block 7 offshore Mexico, have signed a pre-unitization agreement for certain contiguous tracts... WildHorse adds another 20,305 Eagle Ford & Austin Chalk acres (9/21/2018) WildHorse Resource Development Corporation has executed and closed two separate purchase agreements to acquire 20,305 net acres... Farmout underway for South Africa's offshore Algoa-Gamtoos Block (9/21/2018) Tower Resources has reported that the operator of South Africa's Algoa-Gamtoos Block, New Age Energy Algoa, is conducting a farmout... US rotary rig count down 2 rigs this week (9/21/2018) Baker Hughes has reported the US rig count saw two rigs idled this week to leave a total of working rotary rigs that is 118 more than at this time last year... Resolute farms into 3 of Corallian's UK nearshore licenses (9/21/2018) Andalas Energy & Power subsidiary Resolute Oil & Gas UK has acquired via a farm-in with Corallian Energy interest in UK License P1918... Reliance shuts down offshore India Krishna-Godavari MA Field (9/21/1018) Reliance Industries has shutdown its MA Field offshore India in the Bay of Bengal Krishna-Godavari Basin as a result of its continuing output decline... Byron awarded 3 Main Pass US Gulf leases (9/21/2018) The Bureau of Ocean Energy Management has informed Byron Energy that its bids have been accepted for Main Pass Blocks 293, 305 and 306... Equinor lines up Transocean Norge to drill 6 wells in 2019 (9/21/2018) Equinor has awarded Transocean a contract for drilling six wells on the Norwegian Continental Shelf with its semisubmersible Transocean Norge... SOCO acquiring Merlon Petroleum & Egypt's El Fayum (9/20/2018) SOCO International is acquiring Merlon Petroleum El Fayum Company and its 100% operated interest in Egypt's onshore El Fayum Concession... SeaBird source vessels set for ocean bottom node seismic survey (9/20/2018) SeaBird Exploration has received a letter of intent for its provision of two source vessels for an ocean bottom node seismic survey in the Americas... Maersk transport, installation, and hook-up of Ailsa FSO on Culzean Field (9/20/2018) Maersk Supply Service has reported the Ailsa floating storage and offloading vessel was successfully hooked up last week in the final stage... Gazprom training to remove icebergs from Arctic waters (9/20/2018) Gazprom is testing the ice in the Heiss license area, the company's northernmost license, which is located off Russia's Franz Josef Land... APEC assumes operation of Barryroe SEL1/11 offshore Ireland (9/20/2018) Providence Resources has advised that SEL1/11 containing the Barryroe oil accumulation has been revised indicating that the operator has changed... Maersk Innovator cantilever extended for Buzzard drilling (9/20/2018) Maersk Drilling's ultra-harsh environment jackup drilling rig Maersk Innovator has had its cantilever extended by contractor Semco Maritime... Petro Matad at TD in Snow Leopard-1 in Mongolia (9/20/2018) Petro Matad has reached total measured depth at 2,930 meters in its Snow Leopard-1, the first exploration well in Mongolia's Valley of the Lakes Basin... Verus paying Itochu $400 million for Cieco Exploration & Production UK (9/20/2018) Verus Petroleum has concluded an agreement with Itochu Corporation for the acquisition of its subsidiary Cieco Exploration & Production UK Limited... Eco Atlantic sub adds remaining stake in PAO Namibia (9/20/2018) Eco Atlantic subsidiary Pan Africa Oil Namibia Holdings has acquired the remaining 10% of the shares of Pan Africa Oil Namibia from Amis Oil & Gas... Heerema awarded Dunlin decommissioning contract (9/19/2018) In the first stage of the decommissioning of the Dunlin Alpha platform in the UK North Sea, Fairfield Betula has selected Heerema Marine Contractors... Aker BP to drill exploration well on Rumpetroll Prospect (9/19/2018) Aker BP has received consent from the Norwegian Petroleum Safety Authority to drill an exploration well on the Rumpetroll Prospect off Norway... GMS wins contract for 3 SESV vessels in Mideast (9/19/2018) Gulf Marine Services has been awarded three long-term contracts region for the charter of three self-propelled, self-elevating, support vessels... HALO acquiring stake in UK North Sea Pegasus & Andromedia (9/19/2018) Hague & London Oil has entered into an agreement for the conditional acquisition of Third Energy Offshore and its Greater Pegasus interest... Cyprus-to-Egypt subsea gas pipeline construction pact signed (9/19/2018) An official intergovernmental agreement has been signed by Cyprus and Egypt for the laying of a subsea gas pipeline from the Aphrodite Field... Sierra Leone & Equatorial Guinea to cooperate in exploration (9/19/2018) The governments of Sierra Leone and Equatorial Guinea have signed an agreement to cooperate in oil and gas exploration in both countries' offshore... Cuadrilla to drill 2nd horizontal shale well in Lancashire, England (9/19/2018) Cuadrilla has received hydraulic fracturing consent from the UK Department for Business, Energy & Industrial Strategy for its second horizontal shale well... Taproot expanding DJ Basin midstream system (9/19/2018) Taproot Energy Partners has executed agreements to expand its multi-product midstream system in central Weld County, Colorado... QGEP contracts Laguna Star drillship for Atlanta Field (9/18/2018) The QGEP Participacoes unit of Queiroz Galvao Exploracao e Producao has contracted the Laguna Star to drill the third well of the Atlanta Field... US shale oil output to reach 7.6 million b/d in October (9/18/2018) The US Energy Information Administration has advised that oil production from the seven largest shale formations in the United States is increasing... Seadrill's West Aquarius off Atlantic Canada to drill for ExxonMobil (9/18/2018) Seadrill Partners has secured a one-well contract with multiple options for extensions with ExxonMobil Canada for the semisubmersible drilling rig... Po Valley makes key commercial discovery in northern Italy (9/18/2018) United Oil & Gas has advised operator Po Valley Energy has achieved a significant commercial gas discovery in northern Italy's Podere Gallina Block... Elixir & Golden Horde take Mongolia's Nomgon IX CBM Block (9/18/2018) Elixir Petroleum and Golden Horde Ltd have exercised their option with the Mongolian government and acquired 100% of conventional oil and gas rights... Equinor given permit to drill Barents Sea Intrepid Eagle wildcat (9/18/2018) The Norwegian Petroleum Directorate has granted Equinor Energy a permit for an exploration well on the Intrepid Eagle Prospect in the Barents Sea... i3 farming out stake in UK North Sea Liberator Field (9/18/2018) i3 has advised that, under an exclusivity agreement, its potential joint venture partner was to deliver on key assurances within the 90-day period... Nigeria's Opuama-10 on stream & Opuama-11 drilled to total depth (9/18/2018) Eland Oil & Gas subsidiary Elcrest Exploration & Production and operator Nigeria Petroleum Development Company are testing and producing... Penglai 19-3 Field in China's Bohai Bay on production (9/18/2018) The CNOOC Limited unit of China National Offshore Oil Corporation has reported that its operated Penglai 19-3 oilfield 1/3/8/9 project is onstream... TGS launching Northwest Africa Multibeam & SeaSeep Project (9/18/2018) TGS Nopec Geophysical is set to acquire its first regional offshore MSGBC SeaSeep and Multibeam Project in the Northwest Africa Atlantic Margin... Petrobras contracts Aker Solutions for platform modification & maintenance (9/18/2018) Petroleo Brasileiro has awarded Aker Solutions a contract to provide maintenance and modifications services for nine Campos Basin platforms... Shell lowering methane emissions to less than 0.2% (9/17/2018) Royal Dutch Shell has set a target to maintain methane emissions intensity below 0.2% by 2025 at all oil and gas assets where it serves as operator... Serinus' Romania Moftinu-1003 well penetrates 6 gas-bearing zones (9/17/2018) Serinus Energy has concluded its flowtest of its Moftinu-1003 well in Romania's Satu Mare Concession, which was drilled to 1,600 meters... Raffles achieves 1st gas from Bainet Field in NE Romania (9/17/2018) The operator of the Bainet Field in Romania's EIV-1 Suceava Concession, Raffles Energy, has achieved first gas production from the field... Tower wins year PSC extension on Cameroon's Thali Block (9/17/2018) Tower Resources has received a one-year extension to its license for the Thali Block offshore Cameroon in the Rio del Rey Basin... Corallian prepping to drill Wick Prospect in Outer Moray Firth (9/17/2018) Reabold Resources has reported that operator Corallian Energy has completed the rig site survey for the upcoming Wick exploration well... Shell & Petronas in new West Nile Delta Deep drilling off Egypt (9/17/2018) The Egyptian Ministry of Petroleum has reported a new deepwater oil and gas development agreement with Royal Dutch Shell and Petronas Carigali... First oil flows from BW Adolo FPSO offshore Gabon (9/17/2018) BW Offshore has produced first oil from the BW Adolo floating production, storage, and offloading vessel on the Tortue Field offshore Gabon... Saudi Aramco pegs $133 billion for oil & gas drilling (9/17/2018) The Saudi Arabian national oil company Saudi Aramco has scheduled investment of approximately US$133 billion for oil and gas drilling... Zennor buys Mitsui stake in UK North Sea Britannia Field (9/17/2018) Zennor Petroleum subsidiary, Zennor North Sea Limited, has entered into an agreement with Mitsui E&P UK Limited to acquire its interests... Tlou starts gas-to-power project in Botswana drilling pilot wells (9/17/2018) Tlou Energy is set to commence drilling of pilot production wells at its Lesedi coalbed methane (CBM) project in Botswana that are to form part... CGG shooting rich-azimuth MC survey NW of Shetland (9/17/2018) CGG has commenced acquisition of a high-density, rich-azimuth, towed-streamer multi-client survey in the UK sector of the North Sea... GulfSlope drilling US Gulf subsalt exploration well on Tau Prospect (9/16/2018) GulfSlope Energy has begun drilling its initial subsalt exploration well in the US Gulf of Mexico on the Tau Prospect in Ship Shoal's South Addition... Mari makes 1st oil discovery in Ziarat Block, Baluchistan, Pakistan (9/16/2018) Mari Petroleum Company Ltd has succeeded in discovering oil in the Chiltan and Moro/Mughal Kot Formations in Baluchistan, Pakistan... China oil production up for 1st time in 3 years in August (9/16/2018) China's National Bureau of Statistics has reported that crude oil production in China increased last month for the first time in three years... 20 First Nations sign on to TransCanada Coastal GasLink pipeline (9/16/2018) TransCanada has reported that all 20 First Nations groups along the length of the Coastal GasLink pipeline have now signed a project agreement... CNPC granted Venezuela's Ayacucho Block 6 (9/16/2018) Venezuela's Ministry of Energy & Mines has concluded an agreement with China National Petroleum Corporation for the Ayacucho Block 6...  For more headlines, select from OGI Departments at top left From the Editor Rigs for recycling dumped in India, Bangladesh, Pakistan Dev George Managing Editor Up to 80% of offshore drilling rigs, platforms, FPSOs, and allied vessels end their days in India, Bangladesh, and Pakistan, with most others seeing their final existence end in Turkey and China. With their numbers growing significantly as the aging fleet is replaced with newer versions of them, even more offshore units are to be decommissioned, with most of them to be cut up and recycled and only a few finding another purpose, including as a seafloor coral habitat...⇒⇒⇒ Latest Editorials Oil/Gas Prices & Analysis Prices climb again today on 5th weekly draw on US stocks (9/19/2018) Traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) sent crude futures to a two-month high today in response to the US Energy Information Administration (EIA) report of last week's US domestic crude inventories experiencing a draw of 2.1 million bbl to 394.1 million bbl, the lowest since February 2015, but less than analysts had predicted at 2.7 million bbl...⇒⇒⇒ 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. 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