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Latest Headlines

GeoPark scores Neuquen Basin discovery in Argentina
GeoPark Limited and Wintershall Energia have achieved the discovery of a new oilfield in the Cuenca Neuquina V Block in Argentina's Neuquen Basin...

KrisEnergy set to sign Cambodia Block A agreement
(8/16/2017) KrisEnergy has advised it will sign an approved petroleum development agreement with the Cambodian government for offshore Block A...

Unit, Zarubezhneft & Ghadir granted rights to 4 Iranian fields
(8/16/2017) Unit International has signed a US$7 billion agreement with Zarubezhneft and Ghadir Investment Holding to drill for oil and natural gas in Iran...
Lamprell settles with Cameron, building rigs for Schlumberger
(8/16/2017) Lamprell has reached an amicable settlement with Cameron International, a Schlumberger subsidiary, in regard to issues with the jacking equipment...

TAG Oil drills & cases Cheal-D1 in New Zealand
(8/16/2017) East West Petroleum has reported the successful drilling and casing by operator TAG Oil of the Cheal-D1 exploration well in northern Cheal East...

US Gulf lease sale brings in 99 bids for 90 blocks
(8/16/2017) The Bureau of Ocean Energy Management today opened bids for 90 blocks in the Central and Western Gulf of Mexico with US$121.1 million in high bids...

Sonoro brings in ASI for West Sulawesi Budong Budong drilling
(8/16/2017) Sonoro Energy has replaced the drilling contractor for its LG-1 Updip appraisal well program in West Sulawesi, Indonesia with ASI...

BNK wraps up fracking of Oklahoma Tishomingo well
(8/16/2017) BNK Petroleum has completed the fracture stimulation of the Hartgraves 1-6H well on the company's 100% owned and operated Tishomingo Field...

Greka wins 2 CBM drilling contracts in China's Shanxi Province
(8/16/2017) Greka Drilling has been awarded two new drilling contracts with PetroChina Huabei Oilfield subsidiary of China National Petroleum Corporation...

NU-Oil receives renewal of Western Newfoundland lease
(8/16/2017) NU-Oil has reported its Canadian subsidiary, Energi Oil, has received formal confirmation of the renewal of its onshore lease in Western Newfoundland...

Bumi Armada agrees to Lukoil deal for Caspian Sea Filanovsky Field
(8/15/2017) Bumi Armada has signed a supplementary agreement with Lukoil for additional engineering, procurement, construction, and installation...

Whiting selling North Dakota Fort Berthold Indian Reservation assets
(8/15/2017) Whiting Petroleum has agreed to sell its Fort Berthold Indian Reservation area assets in Dunn and McLean Counties, North Dakota to RimRock...

Horizon Energy Partners makes 2nd discovery in Kern County, California
(8/15/2017) Horizon Energy Partners has achieved a new oilfield discovery with its Chardonnay 47X-35 exploration well at their Grapevine Project...

Melbana gearing up for Cuban drilling program next year
(8/15/2017) Melbana Energy has begun initial preparations for its planned Cuba drilling program in 2018 on the company's 100% owned onshore Block 9...

China preparing to offer new exploration blocks
(8/15/2017) China's Ministry of Land Resources is making preparations to offer new exploration licenses in Guizhou, Sha'anxi Province, and in Xinjiang...

Transocean buying Songa Offshore for $1.1 billion
(8/15/2017) Transocean and Songa Offshore have announced an agreement has been reached between them for the purchase by Transocean of Songa Offshore...

Kuwait Energy taps down latest producer in Egypt's Abu Sennan Field
(8/15/2017) Rockhopper Exploration has confirmed the Al Jahraa-9 well drilled by operator Kuwait Energy onshore Egypt in the Abu Sennan Concession...

Azinor Catalyst spuds UK North Sea Partridge exploration well
(8/15/2017) Azinor Catalyst has commenced drilling its exploration well 14/11a-2 on the Partridge Prospect in the UK sector of the North Sea in license P.989...

KBR to manage Adnoc FEED for Dalma & Ghasha Islands Projects
(8/15/2017) KBR has been awarded a project management consultancy contract by Occidental of Abu Dhabi on behalf of Abu Dhabi National Oil Company...

Repsol withdraws drillship from contested area offshore Vietnam
(8/15/2017) Odfjell's Deepsea Metro I drillship under contract to Repsol for exploratory drilling offshore Vietnam in the South China Sea has been withdrawn...

Western Australia Persephone gasfield goes onstream
(8/14/2017) Woodside Energy has put the Persephone gasfield offshore Western Australia in the North West Shelf Project on production via tieback...

Output at Libya's largest oilfield drops 30% due to violence
(8/14/2017) The Sharara Field, the largest oilfield in Libya, saw a plunge in its production of some 30% yesterday due to new security threats...
FPSO concept chosen for eastern Mediterranean gasfields
(8/14/2017) Energean Oil & Gas has decided on a floating production, storage, and offloading vessel for development of the Karish and Tanin gasfields...

TGS link with iLandMan offers well data and status reports
(8/14/2017) iLandMan has established a new relationship with TGS Nopec Geophysical for the provision of nationwide well data and status information...
Ichthys Venturer FPSO arrives off Western Australia for installation
(8/14/2017) The Inpex-operated Ichthys LNG Project is a step closer to completion with the safe arrival of its floating production, storage, and offloading vessel...

BPTT starts gas production at Trinidad's Juniper subsea field
(8/14/2017) BP Trinidad & Tobago has achieved first gas from the Juniper Field development off Trinidad, with gas from Corallita and Lantana Fields...

Statoil drilling UK North Sea Verbier Prospect
(8/14/2017) Jersey Oil & Gas has reported that Statoil has begun drilling an exploration well on the Verbier Prospect in the UK sector of the North Sea...

Aker BP drilling exploration well on Norway's Hyrokkin Prospect
(8/14/2017) JV partner Fortis Petroleum has reported that operator Aker BP has spudded an exploration well in the Norwegian sector of the North Sea...

Tullow full tensor survey in Zambia commissioned
(8/14/2017) Zambia's President Edgar Changa Lungu has commissioned the launch of a full tensor survey by Tullow Oil in northwest Zambia's Luapula Province...

Erin spuds deepwater development well offshore Nigeria
(8/14/2017) Erin Energy has commenced drilling operations at its Oyo-9 well in the operated Oyo Field offshore Nigeria in the deepwater Block OML20...

Diver dies during repair of leak aboard CNOOC FSO
(8/13/2017) China National Offshore Oil Corporation has reported a diver has lost his life while attempting to repair a leak on the company's Nanhai Sheng Kai...

ConocoPhillips resumes NE West Sak well on Alaska's North Slope
(8/13/2017) ConocoPhillips Alaska has reported resuming the drilling of its 1H Northeast West Sak development well onshore the Alaskan North Slope...

Wison LNG terminal design wins Bureau Veritas approval in principle
(8/13/2017) Wison Offshore & Marine has received approval in principle for its newly developed large-scale floating LNG storage and regasification terminal...

Argentina allowing import of used rigs to boost drilling
(8/13/2017) The Argentine government has given its approval to a scheme to import used drilling rigs and oilfield equipment to break a supply bottleneck...

Kuwait kicks of EOR program to extract heavier oil
(8/13/2017) Kuwait Oil Company has begun a new program to facilitate the extraction of heavier grade oil by injecting chemicals into complex oil reservoirs...

Egypt to hold tender for oil exploration in Eastern Desert
(8/13/2017) Egyptian General Petroleum Corporation has advised that it is accepting bids for two concessions onshore Egypt in the Eastern Desert...

DNO wraps up development study for Iran's Changuleh Field
(8/13/2017) DNO has concluded a comprehensive study for development of the Changuleh oilfield in western Iran for National Iranian Oil Company...

US working rotary rig count lower by 4 rigs this week
(8/11/2017) Baker Hughes has reported that the US rig count has fallen by four rigs this week to a total of 468 more working rotary rigs than at this time last year...

Petrobras makes Marlim Sul area discovery with Poraque Alto well
(8/11/2017) Petroleo Brasileiro has reported its Poraque Alta well has discovered an oil accumulation in the Campos Basin's pre-salt layer near the Marlim Sul Field...

Protestors shut down Shell oil flow station & gas plant in Nigeria
(8/11/2017) The Shell Petroleum Development Company Belema Flow Station and Gas Plant in Nigeria's Niger Delta Rivers state was overrun by protestors today...
Tullow launches exploration campaign in northern Zambia
(8/11/2017) Tullow Oil has begun an exploration program in Zambia's Luapula and Northern Provinces where the company was granted a ten-year license...

Highlands drilling Wildhorse well at East Denver Niobrara Project
(8/11/2017) Highlands Natural Resources has successfully mobilized and assembled a horizontal drilling rig at its East Denver Niobrara shale oil and gas project...

AWE at TD in Western Australia's Waitsia-4 appraisal well
(8/11/2017) AWE Limited, operator of licenses L1/L2 in the northern Perth Basin, Western Australia, has reported reaching total depth in its Waitsia-4...

Range acquiring Trinidad producing licenses
(8/11/2017) Range Resources has entered into a binding sale and purchase agreement to acquire Trinidad West Coast assets from Trinity Exploration & Production...

CNOOC waterflooding Bozhong well ups output
(8/10/2017) China National Offshore Oil Corporation has reported its waterflooding of the Bozhong 28-2 South oilfield in China's Bohai Bay has increased output...

M2 Subsea links with Harvey Gulf to provide ROV services
(8/10/2017) M2 Subsea has formed an alliance with Harvey Gulf Marine International to provide subsea ROV services in the US Gulf of Mexico...

Russian Far East burgeoning oil & gas sector - Ministry of Energy
(8/10/2017) Alexander Novak, Russia's Minister of Energy said Eastern Siberia and the Russian Far East are set to become a major oil and center by 2035...

Comet Ridge set to drill horizontal producer on Queensland Mira Field
(8/10/2017) Comet Ridge has reported that plans are now to drill the Mira-6 horizontal well in the north-central part of the Mahalo Block west of Gladstone...

Drillship Atwood Achiever scores deepwater drilling deal with Kosmos
(8/10/2017) Atwood Oceanics has advised that one of its subsidiaries has agreed to a one-well contract with Kosmos Energy Ventures off northwestern Africa...

Interra in 11-year E&P deal for Myanmar Chauk & Yenangyaung Fields
(8/10/2017) Interra Resources has secured an agreement with Myanma Oil & Gas Enterprise for exploration and development in central Myanmar...

Demobilized FPSO Marlim Sul sold for scrap
(8/10/2017) SBM Offshore has revealed in its half-year statement that it has sold its floating production, storage, and offloading vessel Marlim Sul for recycling...

Wintershall's Maria Field startup set for early 2018
(8/10/2017) The Wintershall Norge-operated Maria Field in the Norwegian Sea is ahead of schedule and expected to see production launched early next year...

FPU Buchan Alpha arrives in Scotland for dismantling & recycling
(8/10/2017) After 36 years and almost 150 million bbl of oil production, the Buchan Alpha floating production unit has been towed to Lerwick Harbour...

Continental selling Oklahoma leases for $147.5 million
(8/10/2017) Continental Resources has revealed its decision to sell two of its non-strategic leaseholds and related property in Oklahoma...

Gazprom & Shell doing feasibility study for Baltic LNG
(8/10/2017) Gazprom LNG Saint Petersburg, an affiliate of Gazprom, has signed a contract with Shell Gas & Power Developments for a feasibility study...

Odfjell's semisub Deepsea Stavanger contracted by Aker BP
(8/10/2017) Odfjell Drilling has signed a contract with Aker BP for the use of the semisubmersible drilling rig Deepsea Stavanger for nine months...

KBR pens MoU to expand services to Saudi Aramco
(8/9/2017) KBR has entered into a memorandum of understanding with Saudi Aramco to expand and develop its services in line with Saudi Arabia's objectives...
Nido given three more years exploration of Philippines offshore block
(8/9/2017) BCP Energy's Nido Petroleum has obtained approval to extend the suspension of activities on its Block SC54A in the South China Sea...

Angus gets OGA go-ahead to drill UK onshore producer
(8/9/2017) Doriemus has reported the operator of the Lidsey Field onshore England, Angus Energy, has received permission to drill the horizontal Lidsey-X2...

SBM Offshore orders Fast4Ward FPSO hull
(8/9/2017) SBM Offshore has moved to begin the construction and delivery process for its standardized floating production, storage, and offloading vessel program...

Pertamina drills 1st of 15 wells off East Kalimantan on Mahakam Block
(8/9/2017) Pertamina through its subsidiary company, Pertamina Hulu Mahakam, has conducted the first drilling spud on the Tunu Field in the Mahakam Block...

SNC-Lavalin, Dragados, & Pennecon contracted for West White Rose
(8/9/2017) SNC-Lavalin, Dragados Canada, and Pennecon have been contracted by Husky Energy to construct the West White Rose concrete gravity base...

OVL's Mariposa-1 declared discovery by Colombia's ANH
(8/9/2017) Colombia's government industry regulator Agencia Nacional de Hidrocarburos has officially classified the Mariposa-1 well a discovery...

ION shooting 1st new seismic survey off Panama in 30 years
(8/9/2017) ION Geophysical is acquiring the first seismic survey shot offshore Panama in the Caribbean Sea in some 30 years, its new 2D PanamaSPAN...

Range takes stake in Indonesia's Perlak Field
(8/9/2017) Range Resources has acquired an interest in the Perlak Field and Block in northeastern Sumatra, Indonesia from Hentai Weiye Oil & Gas...
Socar drilling new production well in Azerbaijan's
(8/9/2017) The State Oil Company of Azerbaijan Republic is drilling a new production well on the Neft Dashlari Field offshore Azerbaijan in the Caspian Sea...

Archer wins Repsol 4-year P&A contract off Norway
(8/9/2017) Repsol Norge has awarded a four-year plugging and abandonment contract to Archer Limited for wells on the Gyda Field in the Norwegian North Sea...

Royale taps down 2 producers in California's Rio Vista Field
(8/8/2017) Royale Energy has successfully completed its third and fourth wells under its joint development agreement in the Sacramento Basin field...

Kosmos set to drill Hippocampe wildcat in deepwater Mauritania
(8/8/2017) Kosmos Energy is preparing to drill an exploration well on the giant Hippocampe Prospect offshore Mauritania at the end of this month...

Appomattox platform hull loaded & set to sail for US Gulf
(8/8/2017) The giant Appomattox platform hull has been loaded aboard China Ocean Shipping Company's heavy lift transport vessel Xin Guang Hua...

Baker Hughes contracted for Pasca A Field in Papua Gulf
(8/8/2017) Baker Hughes has been retained by Twinza Oil Limited to provide fullstream support on the Pasca A gas condensate field offshore Papua New Guinea...

Topaz wins $100 million Dragon Oil offshore support contract
(8/8/2017) Topaz Energy & Marine has received a new US$100 million Caspian Sea contract from the Dragon Oil subsidiary of Emirates National Oil Company...

Majors pulling expats out of Venezuela due to political violence
(8/8/2017) The political crisis that began last month in the run-up to Venezuela's National Assembly elections has sparked a wave of violence...

Alberta's Hangingstone oil sands project goes on production
(8/8/2017) The Japan Canada Oil Sands Limited oil sands project at Hangingstone in Alberta, Canada's Athabasca area has commenced production...

Caspian Sunrise adds production at Kazakhstan Ayrshagyl Block
(8/8/2017) Caspian Sunrise, operator of Kazakhstan's BNG Contract Area onshore the Caspian Sea in the Mangistau Oblast, may change the consession status...

Engie puts Cygnus Bravo onstream in southern UK North Sea
(8/8/2017) Engie E&P UK has reported the Cygnus Bravo satellite wellhead platform in the UK's southern North Sea Cygnus Field has commenced production...

BP makes major gas discovery in New Mexico Mancos Shale
(8/8/2017) BP has achieved a significant gas discovery in the San Juan Basin's Mancos Shale formation in northern New Mexico not far from the Colorado border...

July international rig count down 1 from June
(8/7/2017) Baker Hughes, a GE company, has reported the international rig count for July was 959, down one from the 960 in June and up 21 over July 2016...

Cairn's SNE North-1 penetrates oil & gas in 1st & 2nd objectives
(8/7/2017) Cairn Energy has revealed that its SNE North-1 exploration well offshore Senegal in the Sangomar Deep Offshore Block encountered oil and gas...

Woodside taps gas column in deep water off Myanmar
(8/7/2017) Woodside Energy has advised its Pyi Thit-1 exploration well in Myanmar's offshore Southern Rakhine Basin intersected a gross gas column...

Greece issues call for bids for offshore E&P off Crete & in Ionian Sea
(8/7/2017) Greece's Ministry of Energy has called for bids on a block in the Ionian Sea off Greece's west coast and two blocks in the Mediterranean south of Crete...

Adma-Opco to be divided to increase partnership opportunities
(8/7/2017) Abu Dhabi National Oil Company has decided to divide its Adma-Opco subsidiary into two or more offshore oil concession areas and revise terms...

US Interior Department rescinds oil & gas valuation rule
(8/7/2017) The US Interior Department has rescinded the rule put in place by the Obama Administration that reformed how sales of oil and gas are valued...

Further phased development set for Nigeria's Bonga Field
(8/7/2017) The Shell Nigeria Exploration & Production Company has advised that the company has updated the concept for the Bonga Southwest Project...

Libya's largest oilfield Sharara back on production
(8/7/2017) The Libyan National Oil Corporation has reported the country's largest oilfield, Sharara, has been returned to normal operations after a protest...

Statoil's Gemini North a small Barents Sea gas discovery
(8/7/2017) Statoil and partners have achieved a small gas discovery with their Gemini North exploration well drilled northeast of the Wisting discovery...

Oilfield worker killed in Karve wellsite accident in Alberta
(8/7/2017) Alberta Occupational Health & Safety has reported that an oilfield worker died in an accident on 3 August at the Karve Energy-operated drillsite...
CGG launches Gippsland ReGeneration 3D reprocessing off Australia
(8/7/2017) CGG has commenced its high-end Gippsland ReGeneration 3D reprocessing project in Australia's Gippsland Basin offshore Victoria...

Apache puts UK North Sea Callater Field onstream
(8/6/2017) Apache has reported commencing production at its Callater Field in the UK sector of the North Sea 335 km northeast of Aberdeen in the Beryl area...
ION reimages Gulf of Mexico Mexican Ridges 3D seismic data
(8/6/2017) ION Geophysical has undertaken a new 3D multi-client broadband reimaging program covering the Mexican Ridges fold belt in the western Gulf of Mexico...

Texas Midland Basin Flying B Ranch horizontal producer tapped down
(8/6/2017) Torchlight Energy Resources has advised its operating partner Maverick Oil & Gas has completed drilling stage of their Flying B Ranch-3H well...

BNK fracking Hartgraves 1-6H in Oklahoma's Tishomingo Field
(8/6/2017) BNK Petroleum has advised it is currently carrying out fracture stimulation completion operations on its Hartgraves 1-6H well in its Tishomingo Field...

Iran preparing to award $15 billion in new oil & gas contracts
(8/6/2017) National Iranian Oil Company has advised that approximately US$15 billion in new oil and gas projects are expected to be put up for international bids...

ONGC acquires operating stake in GSPC's KG Block off India
(8/6/2017) Oil and Natural Gas Corporation has bought 80% participating interest and the operatorship of Block KG-OSN-2001/3 in the Krishna Godavari Basin...

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

OPEC oil cut still not reducing global oil glut

Dev George
Managing Editor


The much ballyhooed collective of Organization of Petroleum Exporting Countries (OPEC) members and ten non-member oil producing national oil companies pledging to cut their production by 1.8 million b/d has been reducing oil output since the first of the year and the six months of curtailed production have had very little effect on the global oversupply in crude...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Prices settle mixed on supply, dollar & demand issues

(8/15/2017) Traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) produced little change in our monitored benchmarks after yesterday's volatile trading that was driven by the same factors that influenced today's trade...⇒⇒⇒
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