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Latest Headlines

Covid-19 expected to cut a million oilfield services jobs this year
More than a million jobs in the oilfield service industry are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic...

Vestas adds 4th Vietnam intertidal wind farm project
(3/30/2020) Vestas has received its fourth intertidal project offshore Vietnam with a 29 MW order from Sigma Engineering for the Ben Tre V1-3 wind farm project...

Whitebark not acquiring remaining stake in Wizard Lake Field
(3/30/202) Whitebark Energy, through its wholly owned subsidiary Salt Bush Energy (SBE) has terminated its agreement to acquire the remaining 40% interest...

Crewman on Aoka Mizu FPSO tests positive for Covid-19
(3/29/2020) Hurricane Energy has confirmed that a crew member on Bluewater's Aoka Mizu FPSO on the Lancaster Field in West of Shetland has been evacuated...

Rosneft transfers Venezuelan holdings to Russian government
(3/29/2020) Russia's state owned major oil and gas company, Rosneft, has reported the termination of its operations in Venezuela and the disposal of its assets...
Petronas, Nippon & Jogmec in joint gasfield study
(3/29/2020) JX Nippon Oil & Gas Exploration has, with Japan Oil, Gas, and Metals National Corporation, executed an agreement with Petroliam Nasional...

Murphy Oil CEO diagnosed with Covid-19
(3/29/2020) Murphy Oil has reported that its president and CEO, Roger W. Jenkins, has, pending test results, a presumptive diagnosis of Cd-19...

Origin suspends Australia's Northern Territory Beetaloo Project
(3/29/2020) Origin Energy has paused activities at its Kyalla wellsite and reschedule further work on the Beetaloo Project until the second half of the year...

New bareboat contract signed for the Foinaven FPSO
(3/29/2020) Altera Infrastructure has entered a new bareboat charter contract with BP subsidiary Britoil, operator of the Foinaven Fields in the UK West of Shetland...

Spirit ups output at UK North Sea Chiswick & Chestnut Fields
(3/29/2020) Spirit Energy has brought overall production from the UK's North Sea Greater Markham Area to 110 million cf/d following drilling programs...

Magseis Fairfield to shoot OBM seismic off Mexico
(3/27/2020) Magseis Fairfield has been awarded a deepwater ocean bottom node project in the Mexican Gulf of Mexico in 2,000-2,600 meters water depth...

Eni's ArmWind launches Kazakhstan Badamsha wind farm
(3/27/2020) Ente Nazionale Idrocarburi, through its subsidiary ArmWind, has commenced commercial operations on the Badamsha wind farm...

US rotary rig count plunges 44 rigs this week
(3/27/2020) Baker Hughes has reported its count of active drilling rigs operating this week in the US rotary rig fleet fell to a total 278 less than this time last year...

Vaalco wraps up Gabon Etame Marin drilling program
(3/26/2020) Vaalco Energy has completed its 2019-20 drilling program in the Etame Marin Block offshore Gabon with completion of its Southeast Etame-4H...

Block acquires Schlumberger sub in Rep of Georgia
(3/26/2020) Block Energy has entered into a sale and purchase agreement with Schlumberger to acquire its subsidiary Schlumberger Rustaveli...

ConocoPhillips in JOA to operate offshore Tasmania block
(3/26/2020) 3D Oil has executed a joint operating agreement with ConocoPhillips Australia as part of its farmout of its Otway Basin T/49P Block off Tasmania...

Hoegh LNG enacts lockdown on FSRUs
(3/25/2020) Hoegh LNG Holding has advised that in light of the ongoing Covid-19 virus situation, it has implemented a number of mitigating measures...

Queensland awards Surat Basin blocks to Pure Energy/Strata X & Santos
(3/25/2020) The Queensland Ministry of Natural Resources, Mines, and Energy has approved the granting of exploration and development in the Surat Basin...

Africa Energy's South Africa success last year followed by more E&P
(3/25/2020) Africa Energy has advised its multi-well 2020 exploration campaign offshore South Africa is proceeding well following its Brulpadda discovery last year...

INEOS postponing Forties Pipeline shutdown till August or later
(3/25/2020) INEOS FPS has informed its customers that there will be a delay to the FPS Summer Shutdown that was planned for 16 June...

Bahamas Petroleum delaying Perseverance-1 exploration well
(3/25/2020) Bahamas Petroleum Company has advised the timing for drilling of its first exploration well offshore the Bahamas, the Perseverance-1, has been reset...

MOL producing hand & surface sanitizers at converted facility
(3/25/2020) Magyar Olaj-es Gazipari has started production of hand and surface sanitizers to offer protection against the coronavirus in Hungary...

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Another Perspective

Meeting the challenges of a new decade

Dev George
Managing Editor


Oil and Gas International is now entering its 20th year in providing the worldwide oil and gas industry with daily coverage of upstream petroleum industry news, information, and analysis with incisive, non-promotional articles written by seasoned petroleum journalists around the world. As we begin this second decade, we reflect on the enormous changes that have affected our industry since our beginning in 2001 - the global expansion of exploration, development, and production...⇒⇒⇒
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Oil/Gas Prices & Analysis
Fifth straight weekly loss ends with oil down another 5%

(3/27/2020) Trade today at the New York Mercantile Exchange (Nymex) and London Intercontinental Exchange (ICE) closed out the week with prices in our monitored benchmarks down another 5% for a fifth consecutive weekly loss that took key crudes down approximately two-third for the year...⇒⇒⇒
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