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Latest Headlines

Ineos buying Dong Energy oil & gas business for $1.3 billion
(5/24/2017) Ineos is purchasing all of Dansk Olie og Naturgas operating unit DONG Energy's North Sea oil and gas assets for approximately US$1.3 billion...

Sirius lines up COSL Power for Ororo drilling offshore Nigeria
(5/24/2017) Sirius Petroleum has executed a contract with China Oilfield Services Limited for its jackup drilling rig COSL Power for drilling on the Ororo Field...

Gulfsands cancels farmout of 2 Colombia concessions to Samarium
(5/24/2017) Gulfsands Petroleum has cancelled its farmout of interest in the Putumayo-14 and the Llanos-50 Blocks onshore Colombia to Samarium Energy...

ExxonMobil extends contract for Maersk Viking ultra-deep drillship
(5/24/2017) Maersk Drilling has been awarded a US$22.5 million contract extension for the ultra-deepwater drillship Maersk Viking working in the Gulf of Mexico...

Nigeria's offshore Aje Field shifts from oil to gas production
(5/24/2017) Partners in the Aje field offshore Nigeria in Block OML113, have agreed to pause oil production on the field and shift its output to natural gas...

TWMA wins 2 new Central North Sea projects with Maersk Oil UK
(5/24/2017) TWMA has been awarded two new projects with Maersk Oil UK in the North Sea underway aboard the Ocean Valiant and the Maersk Gallant...

CGG launches Multi-Physics Imaging group
(5/24/2017) CGG has launched its Multi-Physics Imaging group, consolidating its multi-physics data processing and interpretation, technical consulting services...

Magseis in ocean bottom seismic tech agreement with Seismic Apparition
(5/24/2017) Magseis and Seismic Apparition have signed an exclusive technology agreement for a new technology that reduces the OBS operational time...

CNPC pegs $2 billion for development of Peru's Block 58
(5/24/2017) Perupetro, the Peruvian government's petroleum agency, has revealed that China National Petroleum Corporation intends to invest US$2 billion...

Statoil gets go-ahead to start production at Gina Krog Field
(5/24/2017) The Norwegian Petroleum Directorate has granted operator Statoil its consent for start-up of production from the North Sea Gina Krog Field...

Abraxas acquiring Texas Wolfcamp/Bone Spring acreage
(5/24/2017) Abraxas Petroleum has signed a definitive agreement to acquire acreage in Ward County, Texas that is prospective for the Wolfcamp/Bone Spring...

Hyperdynamics drilling Fatala-1 exploration well off Guinea
(5/24/2017) Hyperdynamics subsidiary SCS Corporation has begun drilling operations on its Fatala-1 exploration well offshore the Republic of Guinea...

SeaBird scores follow-up seismic project off West Africa
(5/24/2017) SeaBird Exploration has reported that it has signed a letter of award for additional seismic acquisition offshore West Africa...

ExxonMobil & Rosneft JV set to start offshore Mozambique exploration
(5/23/2017) Rosneft has reported its subsidiary RN-Exploration and ExxonMobil E&P Mozambique will commence exploration work offshore Mozambique...

Mexico awards deepwater Mexican Gulf Chachiquin Block to Pemex
(5/23/2017) Mexico's Comision Nacional de Hidrocarburos, has given its approval to the award of newly established Chachiquin Block in deepwater Gulf of Mexico...

AziPac sub takes over Mitra's Bone PSC in Indonesia
(5/23/2017) The Azimuth Indonesia subsidiary of AziPac has agreed with Mitra Energy to acquire its remaining interest in the Bone Block off South Sulawesi...

Carlyle Group & EOG link to develop Oklahoma oil & gas
(5/23/2017) EOG Resources has formed a joint venture with the Carlyle Group, which is to invest up to US$400 million in development of EOG's Ellis County assets...

Sound's TE-8 in Eastern Morocco a definitive Paleozoic play opener
(5/23/2017) Sound Energy has completed drilling its third well at Tendrara in Eastern Morocco, the TE-8, achieving a target depth of 3,120 meters...

Petrobras selling Brazil Amazon Solimoes Basin gasfield
(5/23/2017) Petroleo Brasileiro has revealed that it intends to sell its Jurua natural gas field in the Brazilian Amazon's Solimoes Basin in Block SOL-T-169...

Sakunda granted Lupane, Zimbabwe exploration permit
(5/23/2017) Zimbabwe's Ministry of Mines has reported an exploration license has been granted to Sakunda Energy for the Lupane area in western Zimbabwe...

Mosman acquires stake in Oklahoma's Arkoma Stacked Pay Project
(5/23/2017) Mosman Oil & Gas has contracted to acquire interest in the Arkoma Stacked Pay Project in Okfuskee County, Oklahoma, from Inland Oil & Gas...
Regal reaches primary reservoir in Ukraine MEX-109 well
(5/23/2017) Regal Petroleum has obtained the initial testing results from its MEX-109 production well on its Mekhediviska-Golotvshinska gas and condensate field...

TGS & PGS launching 2 new 3D MC surveys offshore Eastern Canada
(5/23/2017) TGS Nopec Geophysical and Petroleum Geo-Services have two new multi-client 3D seismic projects set to get underway offshore Eastern Canada...

PDO extends CGG contract for subsurface imaging to 2021
(5/23/2017) CGG has received an extension, until the end of 2021, of its contract with Petroleum Development Oman for subsurface imaging technology...

Proserv wins $11 million in UAE & Saudi contracts
(5/23/2017) Proserv has been awarded a series of contracts worth a combined value of more than US$11 million for production control and after-market services...
Shell shuts down Brent Charlie platform due to gas leak
(5/22/2017) Shell UK has reported that its Brent Charlie platform in the UK sector of the North Sea was shutdown this weekend due to the detection of a gas leak...

Freedom Oil & Gas drilling 1st Texas Eagle Ford well in Dimmit County
(5/22/2017) Freedom Oil & Gas has commenced drilling the Wilson BE-1, the first well on its Dimmit County, Texas acreage targeting the Eagle Ford Shale...

Protests & blocked roads shut in Sabria Field onshore Tunisia
(5/22/2017) Serinus Energy has temporarily shut-in production at the Sabria Field onshore Tunisia due to continued social unrest in the country's south...

Indonesia puts up 15 oil & gas blocks for highest bids
(5/22/2017) Indonesia's Ministry of Energy and Mineral Resources has put 15 conventional and unconventional oil and gas blocks up for bid...
Providence reports extension of Ireland's FEL3/04 to 2025
(5/22/2017) Providence Resources has advised Ireland's Frontier Exploration License 3/04, operated by Ente Nazionale Idrocarburi, has been extended...

Wood Group wins tech support contract with Sakhalin Energy
(5/22/2017) Wood Group has received a technical support services contract with Sakhalin Energy, operator of the Sakhalin 2 liquefied natural gas facility...

Beach suspends Callawonga well as future South Australia producer
(5/22/2017) Cooper Energy has reported the Beach Energy-operated Callawonga-14 appraisal and development well has been cased and suspended...

AWE drilling Waitsia-3 appraisal in Western Australia's Perth Basin
(5/22/2017) AWE has begun drilling operations on the Waitsia-3 appraisal well onshore Western Australia in the northern Perth Basin, in permits L1/L2...

Talos spuds shallow water Zama-1 well offshore Mexico
(5/22/2017) Premier Oil has reported that operator Talos Energy has commenced drilling the Zama-1 exploration well offshore Mexico in shallow water...

National Oilwell Varco agrees to form JV to build land rigs in Saudi Arabia
(5/22/2017) National Oilwell Varco has signed a memorandum of understanding with Saudi Aramco to form a joint venture to manufacture high-spec land rigs...

BP achieves 1st oil from UK redeveloped Schiehallion Area
(5/22/2017) Following completion of the Quad 204 Project in the West of Shetland region of the UK North Sea, BP has brought Schiehallion to first oil...

Union calls for ExxonMobil shutdown in Niger Delta
(5/19/2017) Nigeria's Petroleum & Natural Gas Senior Staff Association has called for the shutdown of ExxonMobil operations in Nigeria's Niger Delta region...
Sonangol cancels Kwanza & Lower Congo licensing round
(5/19/2017) Angola's national oil company Sociedad Nacional De Combustiveis de Angola has cancelled the auction of exploration licenses onshore Angola...

Chisholm adds New Mexico Delaware Basin acreage
(5/19/2017) Chisholm Energy Holdings has acquired its first asset, undeveloped acreage with multiple targets in the Bone Spring and Wolfcamp formations...
US working rotary rig count higher by 16 rigs this week
(5/19/2017) Baker Hughes has reported another 16 drilling rigs have joined the US active rig fleet this week to raise the total number of working rigs to 901...

Hebron platform waiting for ice passage to sail for installation site
(5/19/2017) The giant Hebron concrete gravity-based platform destined for the Hebron Field in the Canadian North Atlantic, is ready for transport to the Grand Banks...

Bideford Dolphin to drill option well for Statoil
(5/19/2017) Fred. Olsen Energy has reported that its subsidiary Dolphin Drilling will be drilling another well on behalf of Statoil, which has exercised its option...

Pioneiro de Libra FPSO arrives for installation off Brazil
(5/19/2017) Teekay has reported that its Pioneiro de Libra floating production, storage, and offloading vessel has arrived in Brazilian waters from Jurong Shipyard...

Wild Well adds Shell subsea capping equipment to portfolio
(5/19/2017) Superior Energy Services' Wild Well Control has purchased subsea capping equipment from Shell EP Wells Equipment Services to enhance its capabilities...

Alaska's Cook Inlet Lease Sale set for 21 June
(5/19/2917) The US Bureau of Ocean Energy Management will offer approximately 1.09 million acres off Alaska's southcentral in Cook Inlet in a lease sale...

Petrobras puts Lula Sul FPSO P-66 onstream off Brazil
(5/18/2017) Petroleo Brasileiro has reported the commencement of oil and gas production from its Lula Sul in Brazil's Santos Basin pre-salt area BM-S-11...

Asian Oilfield Services shooting 2D for Oil India Ltd in Manipur
(5/18/2017) Asian Oilfield Services Ltd has reported commencing a 2D seismic acquisition onshore northeastern India's Manipur state for Oil India Ltd...

Gazprom Neft awarded Russia's Orenburg Novosarmaskoye Field
(5/18/2017) Gazprom Neft has been granted an exploration and production license for the Novosarmaskoye Field in Russia's Orenburg Oblast by Rosnedra...

Petrobras selling 100% stake in Brazilian Amazon Azulao Field
(5/18/2017) Petroleo Brasileiro has revealed it is putting up its 100% operating interest in the Azulao Field and its Block BA-3 onshore Brazil in Amazonas state...

Caspian Shipyard to deliver Heydar Aliyev semisub to Socar
(5/18/2017) The Caspian Shipyard subsidiary of Keppel Offshore & Marine in Azerbaijan is to deliver the semisubmersible drilling rig to the Caspian Drilling...

Ramboll to carry out pre-FEED for 3 new Qatar wellhead platforms
(5/18/2017) Ramboll has been appointed by Qatar's North Oil Company to carry out a pre-FEED study for three new Al-Shaheen Field wellhead platforms off Qatar...

China successfully trials gas hydrate production in South China Sea
(5/18/2017) China's Ministry of Land and Resources has reported a successful test of marine natural gas hydrates production in the northern South China Sea...

Cenovus acquires Western Canada Deep Basin & FCCL stakes
(5/18/2017) Cenovus has acquired ConocoPhillips' 50% non-operated interest in the Foster Creek Christina Lake oil sands partnership and a majority interest...

Cairn taps down another successful offshore Senegal appraisal
(5/18/2017) Cairn Energy has obtained successful results from its latest appraisal well offshore Senegal in the Sangomar Deep Offshore Block's SNE Field...

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

Guest Editorial: Brexit & the oil industry

by Prof Paul de Leeuw, Director, Oil and Gas Institute, Robert Gordon University, Aberdeen, Scotland

Few could have predicted the sequence of events triggered by former Prime Minister David Cameron, when in February 2016 he made his announcement on the steps of Downing Street that the Brexit referendum would indeed take place. Irrespective of the way people then voted on 23 June 2016, very few would have wagered that the FTSE 100 index of leading shares would now be at a record high and that the UK would be one of the fastest growing economies in the developed world...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Oil prices higher still on expected 9-month output cut extension

(5/23/2017) Trade at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) was driven today by the continued optimism that the Organization of Petroleum Exporting Countries (OPEC) led supply cuts will be extended for nine more months after the current June cut-off date...⇒⇒⇒
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