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Latest Headlines

US surpasses Russia as world's largest oil producer
The US Energy Department's Energy Information Administration has advised that the United States likely surpassed Russia and Saudi Arabia...

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...

GNPC launches exploration of Ghana's Voltaian Basin
(9/14/2018) Ghana National Petroleum Corporation has begun an oil exploration campaign in the northern region of Ghana in the Voltaian Basin...

Magseis lined up for American ocean bottom seismic survey
(9/14/2018) Magseis has revealed receipt of a letter of intent for a full operation with its proprietary MASS nodes for an ocean bottom seismic survey...

Petrobras selects Zentech for engineering support work
(9/14/2018) Petroleo Brasileiro has selected Zentech do Brasil Servicos Tecnicos for a contract to provide engineering support for its fleet of FPSOs...

US rotary rig count rises by 7 rigs this week
(9/14/2018) Baker Hughes has reported the US rig count saw the addition of seven more rigs this week to a total of 119 more than at this time last year...

Matador acquires new New Mexico leases in BLM sale
(9/14/2018) Matador Resources has acquired 8,400 gross (8,400 net) acres for approximately US$387 million in Lea and Eddy Counties, New Mexico...
Condor drilling infill wells in Kazakh Zharkamys Concession
(9/14/2018) Condor Petroleum is currently drilling a two-well infill program at its Zharkamys Concession onshore Kazakhstan in the Pre-Caspian Basin...

Vanguard exiting Arkansas with sale of Arkoma Basin assets
(9/14/2018) Vanguard Natural Resources is exiting Arkansas with the sale of its Arkoma Basin properties and has also sold its Denver-Julesburg assets in two deals...
ONEOK expanding West Texas LPG pipeline system
(9/14/2018) ONEOK plans to invest approximately US$295 million to expand its West Texas LPG Pipeline system which provides natural gas liquids takeaway...

Sierra Leone 4th licensing round pushed back 6 months
(9/13/2018) Timothy Kabba, the new director general of the Sierra Leone Petroleum Directorate, has decided to postpone the Fourth Licensing Round...

Petrofac wins Central UK North Sea contract from Tailwind Energy
(9/13/2018) Petrofac has received an exclusive five-year well operator services contract from Tailwind Energy following its purchase of the Triton Cluster...

Decmil awarded framework agreement for Queensland Surat Basin works
(9/13/2018) Decmil's Queensland unit has secured a new three-year framework agreement with BG's QGC for works within the Surat Basin...
TGS set to shoot further MSGBC Basin 3D off NW Africa
(9/13/2018) TGS Nopec Geophysical is gearing up to acquire Jaan, a fully harmonized 3D multiclient seismic acquisition project in the southern MSGBC Basin...

Bass ups Indonesia output with Bunian & Tangai repairs
(9/13/2018) Bass Oil has reported its August production was impacted by repairs and remediation in the Bunian-1 and -3 wells and installation of artificial lift...

Hurricane concludes UK North Sea Lancaster EPS installation
(9/13/2018) Hurricane Energy has successfully completed installation of its early production system on the Lancaster Field in the UK sector of the North Sea...

Total acquiring stake in Guyana's Orinduik Block from Eco Atlantic
(9/13/2018) Eco Atlantic Oil & Gas has advised that Total has exercised its option to acquire working interest in the Orinduik Block offshore Guyana...

Fluor contract to manage & operate US SPR extended to 2024
(9/12/2018) Fluor Corporation has reported that the US Department of Energy has exercised its option to extend its current Strategic Petroleum Reserve contract...

Pakistan's OGDC makes discovery in Khyber Pakhtunkhwa Kohat District
(9/12/2018) Oil and Gas Development Company, operator of the Chanda Block in Pakistan's Khyber Pakhtun¬khwa Kohat District, has made a discovery...
Siccar Point pushes back drilling of UK North Sea Lyon exploration well
(9/12/2018) Siccar Point Energy E&P and partner Ineos have decided to defer drilling the Lyon exploration well in the UK North Sea West of Shetland region...

Black Bear to provide dry gas gathering services in Louisiana
(9/12/2018) Palmilla Energy, operator of Black Bear Midstream, advised it has entered into a contract to provide dry gas gathering services beginning this year...
OMV to buy half of Sapura Upstream, gains
(9/12/2018) Sapura Energy has agreed with Osterreichischen Mineralolverwaltung to form a strategic partnership in which OMV will acquire a 50% ownership...

UKOG given 18-month extension for Kimmeridge wells onshore England
(9/12/2018) England's West Sussex County Council's Planning Committee has approved UK Oil & Gas' request for an 18-month extension...

President seeking licenses for Argentina's Las Bases & Puesto Prado
(9/12/2018) President Energy has proposed to Argentina's Rio Negro Province the granting of 10-year licenses for the Las Bases and Puesto Prado Concessions...

Faroe granted permit to drill Rungne wildcat off Norway
(9/12/2018) The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge a drilling permit for a wildcat well in production license 825 in the North Sea...

Perma-Pipe wins Saipem contract in Kuwait
(9/12/2018) Perma-Pipe International Holdings subsidiary Perma-Pipe Saudi Arabia has been awarded a contract in excess of US$15 million by Saipem...
Ecuador launches licensing round for 8 onshore blocks
(9/12/2018) Carlos Perez Garcia, Ecuador's Minister of Energy & Non-renewable Resources has launched Intracampos, an open licensing round...

Sonoro in JV to develop Budong-Budong Project in West Sulawesi
(9/12/2018) Sonoro Energy has entered into a strategic memorandum of understanding with an unnamed Indonesian company to develop oil and gas in Indonesia...

WildHorse adding Texas Eagle Ford in-field gathering system
(9/12/2018) WildHorse Resource Development Corporation is to construct an in-field oil and produced water gathering system at its East Texas Eagle Ford Shale...

 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
More Trump tariffs leave Friday crude prices mostly down

(9/14/2018) Traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) ended the week's trade with mixed settlements although most of our monitored benchmarks closed slightly lower in price even though the week's overall activity produced a 1.6% gain...⇒⇒⇒
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