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Latest Headlines

Frosk exploration well in Norwegian North Sea a discovery
Aker BP has reported achieving a discovery with its Frosk exploration well drilled in the Norwegian sector of the North Sea near the Alvheim Field...

IEnova converting Mexican LNG terminal to liquefaction plant
(2/23/2018) Infraestructura Energetica Nova's project to convert its Energia Costa Azul liquefied natural gas import terminal on the Mexican Pacific Coast...

SK Innovation scores oil discovery in South China Sea
(2/23/2018) SK Innovation has achieved an oil discovery in the Chinese sector of the South China Sea in the Pearl River Mouth Basin Block 17/03...

Statoil drilling off Tanzania with Ocean Rig Poseidon
(2/23/2018) Statoil has begun drilling operations for a single exploration well offshore Tanzania in deepwater Block 2 with the Ocean Rig Poseidon...

Schlumberger & Subsea 7 forming subsea integration joint venture
(2/23/2018) Schlumberger and Subsea 7 have entered into negotiations to form a joint venture building on the success of their Subsea Integration Alliance...
Dril-Quip to provide top tensioned riser systems for Vietnam project
(2/23/2018) Dril-Quip has been awarded a contract to supply top tensioned riser (TTR) systems and related services for the development of the Ca Rong Do Project...

US rotary rig count rises by 3 rigs this week
(2/23/2018) Baker Hughes has reported the US rig count grew by three rigs this week for a total of 978 working rotary rigs, that is 224 more than this time last year...

Magseis agrees to OBS node lease in NE Asia
(2/23/2018) Magseis has signed a letter of intent to lease its proprietary MASS nodes for an ocean bottom seismic acquisition project in northeastern Asia...

Schlumberger to provide Leviathan platform with process module
(2/23/2018) Schlumberger has been contracted by Noble Energy for engineering and supply of a 2,000-ton, single-lift process module on the Leviathan platform...

Brazil qualifies 14 companies to bid in 15th Round
(2/22/2018) Brazil's Agencia Nacional do Petroleo has reported that applicants for registration to bid in the upcoming 15th bidding round have been analyzed...

Dragados contracted by Maersk for Denmark's Tyra Field jackets
(2/22/2018) Dragados Offshore has reported receiving a contract from Maersk Oil & Gas for construction and delivery of the Tyra East G and H jackets...

Sacgasco hefts output of California Northern Sacramento Basin wells
(2/22/2018) Sacgasco is working to drive up the output from seven gasfields in California's Northern Sacramento Basin in which it holds interest...

Borr agrees to acquisition of Paragon Offshore for about $232.5 million
(2/22/2018) Borr Drilling has concluded a binding tender agreement to purchase all outstanding shares in Paragon Offshore for a price of US$232.5 million...

Fluor performing FEED for Thailand's 1st FRSU
(2/22/2018) Fluor has started front-end engineering and design for Electricity Generating Authority of Thailand's floating storage and regasification unit...

Byron completes US Gulf South Marsh Island well for production
(2/22/2018) Byron Energy's operated South Marsh Island Block 71 F1 well has been completed for production from a 70-ft measured depth interval of D5 Sand...

Compania Petrolifera de Sedano closing La Lora Concession
(2/22/2018) Columbus Energy Resources' Spanish subsidiary, Compania Petrolifera de Sedano has received confirmation from the Spanish government...

Statoil to use Songa Endurance & Songa Equinox on Troll Field
(2/22/2018) The Norwegian Petroleum Safety Authority has given its consent to Statoil for use of the Songa semisubmersible drilling rigs Endurance and Equinox...

Frontera at TD in Georgia's Taribani-45 well
(2/21/2018) Frontera Resources has reported the Taribani-45, the first well of its current three-well drilling program in the Georgia Republic has reached total depth...

Subsea 7 takes majority stake in Xodus Group
(2/21/2018) Subsea 7 and Chiyoda Corporation have agreed to Subsea 7 acquiring a 60% holding in the energy consultancy Xodus Group from Chiyoda...
PetroQuest adds 2 new Cotton Valley producers in East Texas
(2/21/2018) PetroQuest Energy has just completed two horizontal wells in its Cotton Valley drilling program in East Texas and brought them into production...

Shell signs new onshore exploration pact with Albania
(2/21/2018) The Albanian government and Royal Dutch Shell have concluded a new exploration agreement that will see the company acquire rights to onshore Block 4 in the southern Albanian Shpirag Mountains...

Chevron drilling Sarta-3 production well in Kurdistan
(2/21/2018) Chevron has revealed that it has resumed drilling operations on its Sarta Field in the Kurdistan Region of Iraq north of Erbil...

Drillship Deepwater Poseidon starts 10-year US Gulf Shell contract
(2/21/2018) Transocean has reported its newbuild ultra-deepwater drillship Deepwater Poseidon has begun work in the US Gulf of Mexico for Shell Exploration..

Sparrows' 2 5-year contracts with TAQA re-awarded
(2/21/2018) Sparrows Group has been re-awarded two five-year contracts with TAQA Britani to deliver crane operations, maintenance, rigging loft, and inspection...

SDX to plug & abandon Ksiri South-2 well onshore Morocco
(2/21/2018) SDX Energy has reported its the Ksiri South-2 development well on the Sebou Block in northern Morocco was found with low gas saturation...

Mosman prefeasibility study of Welch Permian Basin Project positive
(2/21/2018) Mosman Oil & Gas has completed the prefeasibility study on its Welch Permian Basin Project in in Dawson County, Texas...
Output from Aje Field offshore Nigeria stabilized
(2/21/2018) MX Oil has reported the Aje Field in Nigeria's Block OML113, operated by Yinka Folawiyo Petroleum, has now had its production stabilized...

Fugro granted 5th gas hydrate contract offshore China
(2/21/2018) Fugro has been awarded a contract by Guangzhou Marine Geological Survey for gas hydrate investigation in the northern South China Sea...

Oil flows from UK Weald Basin Broadford Bridge-1 on test
(2/20/2018) UK Oil & Gas Investments has advised that oil has flowed to surface from the KL5 reservoir at its Broadford Bridge discovery onshore England...

Carnarvon completes seismic data for development of Buffalo Field
(2/20/2018) Carnarvon Petroleum has reported concluding its subsurface work in the Buffalo Project offshore Western Australia in the North-West Shelf region...

Construction worker killed in US Gulf platform accident
(2/20/2018) The US Bureau of Safety and Environmental Enforcement has reported the death of a worker on a platform in the US Gulf of Mexico West Cameron...
Wood contracted by Inpex for Ichthys Field services off Australia
(2/20/2018) Wood has been awarded the brownfield engineering services contract for the Inpex-operated Ichthys offshore facilities off Western Australia...

Vista acquiring Argentina assets from Pampa Energia & Pluspetrol
(2/20/2018) Vista Oil & Gas has agreed to acquire a fully operational oil and gas platform in Argentina from Pampa Energia and Pluspetrol Resources...

Tullow enters Phase 2 of Orinduik Block offshore Guyana
(2/20/2018) Eco Oil & Gas Ltd has reported that it and operator Tullow Oil have elected to enter Phase 2 of the initial period on the Orinduik Block offshore Guyana...

Live oil seeps discovered onshore Jamaica
(2/20/2018) CGG GeoConsulting and the Petroleum Corporation of Jamaica have discovered two independent live oil seeps in different parts of Jamaica...
Karoon given go-ahead to develop Echidna & Kangaroo off Brazil
(2.20/2018) Karoon Gas has reported a positive development in the FEED process for the Echidna light oil development proposal submitted for ANP approval...

Ocean Monarch semisub set for towing to Casino Henry site off Victoria
(2/19/2018) Diamond Offshore's semisubmersible drilling rig Ocean Monarch is being readied for towing from Freemantle, Western Australia to Victoria, Australia...

Cyberhawk completes UAV inspection of 63 Dubai platforms
(2/19/2018) As part of a framework agreement with Dubai Petroleum, Cyberhawk was appointed to inspect more than 350 risers on 63 offshore platforms...

Novatek acquires Russia's Beregovoye & Ust-Yamsoveyskoye licenses
(2/19/2018) Novatek has succeeded in acquiring 100% ownership at auction of Maretiom' and Velrion's Geotransgaz and Urengoy Gas respectively...

Byron farming into Corallian's UK North Sea license
(2/19/2018) Byron Oil has entered into an option agreement with Corfe Energy for part of its right to farm into UK License P2235 containing the Wick Prospect...
Aker Energy buying Hess stake in Ghana's Tano Basin block
(2/19/2018) The Aker Energy 50-50 joint venture of Aker and TRG has agreed to acquire Hess' interest in the Deepwater Tano Cape Three Points Block...

HydraWell contracted by Total to P&A Caspian Sea Absheron Field
(2/19/2018) Total E&P Absheron has retained HydraWell to carry out part of the plugging and abandonment of the Absheron Field offshore Azerbaijan...

SeaBird wins seismic source contract off West Africa
(2/19/2018) SeaBird Exploration has reported concluding an agreement to provide a source vessel for an upcoming survey offshore West Africa this quarter...

Po Valley's Teodorico Field 2P reserves put at 36.5 bcf gas
(2/19/2018) Po Valley Energy has reported gas reserves now declared at its Teodorico gasfield Adriatic Sea development offshore Italy...

Cepsa granted stake in Abu Dhabi's SARB and Umm Lulu Concession
(2/19/2018) The Abu Dhabi National Oil Company has signed an agreement with Compania Espanola de Petroleos awarding it a 20% stake...

Largest-ever US Gulf lease sale set for 21 March
(2/18/2018) Deputy Interior Secretary David Bernhardt yesterday announced 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida...

CGG GeoSoftware releases new solutions across its geoscience portfolio
(2/18/2018) CGG GeoSoftware has released new portfolio enhancements, including HampsonRussell, Jason, PowerLog, InsightEarth, VelPro, and EarthModel FT...

DR Congo declares national parks not off-limit to E&P
(2/18/2018) The Democratic Republic of Congo Minister of Petroleum Aime Ngoy Mukena has advised drilling in the Salonga National Park is not off-limits...

Statoil gearing up to drill Guanxuma Prospect offshore Brazil
(2/18/2018) Statoil is making preparations to commence its exploratory drilling campaign off Brazil in the Carcara discovery Block BM-S-8...

Northern sells semisubmersible rig Energy Driller
(2/18/2018) Northern Offshore has reported its sale of its semisubmersible drilling rig Energy Driller to an unnamed party for conversion to an alternative use...

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

Trump's tax rewrite to boost oil industry in short term

Dev George
Managing Editor


The newly instituted tax bill cobbled together by a gaggle of Trump Republicans is expected to be a gift to the US oil and gas industry, not so much due to changes in the formulation of tax laws but to provisions inserted in the bill that have nothing to do with taxes...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
With build expected, US crude stocks fall 1.6 million bbl

(2/22/2018) Traders at the New York Mercantile Exchange (Nymex) and the Intercontinental Exchange (ICE) in London were surprised by the unexpected draw of 1.6 million bbl from US crude stocks last week, although the American Petroleum Institute (API) prediction for those inventories was much closer with a draw of around 900,000 bbl, while analysts had foreseen a build of 1.8 million bbl...⇒⇒⇒
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