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Latest Headlines

Forties Pipeline crack & leak shuts down UK North Sea fields
(12/13/2017) Ineos, operator of the Forties Pipeline System since its acquisition in October, has suspended its operation after discovering a crack and leak...

Amerisur scores again with Platanillo-27 onshore Colombia
(12/14/2017) Amerisur Resources has reported success with the fourth well on Pad 2N, the northern extension of the Platanillo Field in Colombia's Putumayo Basin...

EOG spots more gas potential in Ireland's Slyne Basin license
(12/14/2017) Europa Oil & Gas' Licensing Option 16/20 in the Slyne Basin offshore Ireland has revealed significant potentially gas-bearing structures...

Syria to license 5 offshore blocks for gas exploration in 2019
(12/14/2017) Syrian Minister of Oil & Mineral Resources Ali Ghanem has said his ministry has concluded contracts for five blocks in the Syrian Mediterranean...

Baytex pegs $206 million to Eagle Ford developments in 2018
(12/14/2017) Baytex Energy has approved a 2018 capital budget of US$325 million to $375 million designed to generate annual production of up to 72,000 boe/d...

Lebanon awards 2 offshore blocks to Total, Eni & Novatek
(12/14/2017) The Lebanese Petroleum Administration has approved award of two exclusive exploration and production blocks in the Mediterranean Sea...

EMGS scores another data licensing in Norwegian Barents Sea
(12/14/2017) Electromagnetic Geoservices has reported concluding an agreement for the licensing of 3D controlled source electromagnetic multi-client data...

Quadrant & Carnarvon JV to drill Phoenix Project
(12/14/2017) The Quadrant Energy and Carnarvon Petroleum joint venture is preparing to drill the Phoenix South-3 and Dorado-1 wells in their Phoenix Project...

Sound completes Eastern Morocco 2D seismic & MT surveys
(12/14/2017) Western Geco has completed the first phase of its 2D seismic and magneto-telluric acquisition in Eastern Morocco for Sound Energy...

Statoil juggles stake in Brazil's Block BM-S-8
(12/13/2017) Statoil has concluded transactions with Queiroz Galvao Exploracao e Producao, ExxonMobil, and Petroleos de Portugal on Block BM-S-8...

China prepping to auction 5 new E&P sites in Xinjiang
(12/13/2017) China's Ministry of Land and Resources has advised it is preparing to launch bidding by private companies for five new exploration blocks...

ExxonMobil completes LNG acquisition in Mozambique Area 4
(12/13/2017) ExxonMobil's subsidiary ExxonMobil Development Africa has completed a transaction to acquire a 25% indirect interest in Mozambique's Area 4...

Energean awarded 5 new Eastern Mediterranean blocks
(12/13/2017) Energean Oil & Gas has been awarded five offshore exploration licenses in the Eastern Mediterranean Sea near its Karish and Tanin gasfields...

World Bank to end financing upstream projects in 2019
(12/13/2017) The World Bank has advised it will cease financing oil and gas projects after 2019 to support countries' Paris Agreement climate change goals...
Bibby wraps up subsea inspection project for Maersk Oil UK
(12/13/2017) Bibby Offshore has successfully completed a multi-million pound contract with Maersk Oil UK, providing both subsea structure and pipeline inspection...

Aker Solutions wins modification contract for Maersk Inspirer jackup
(12/13/2017) Aker Solutions has won an order from Maersk Drilling to modify the production module on the Maersk Inspirer jackup drilling rig...

Petrofac contracted for Oman's Khazzan Phase 2 gas project
(12/12/2017) Petrofac has been awarded a lump-sum contract worth approximately US$800 million by BP for the Khazzan Phase 2 central processing facility...

Centrica-Bayerngas Norge JV, Spirit Energy, launched
(12/12/2017) Centrica has reported the start of exploration and production operations by Spirit Energy, its joint venture with Bayerngas Norge...
Worker injured in fall on Henry Goodrich semisub off Newfoundland
(12/12/2017) The Canada-Newfoundland Offshore Petroleum Board has reported a worker injured in a fall on Saturday on the Henry Goodrich semisubmersible...

Oasis acquires Texas Delaware Basin assets from Forge Energy
(12/12/2017) Oasis Energy has reported concluding an agreement with Forge Energy to acquire its 20,000 net acres in the Delaware Basin for US$946 million...
Apache shuts down Forties Field in UK North Sea
(12/12/2017) The Apache North Sea unit of Apache Corporation has advised that it has been forced to shutdown its operated Forties Field in the UK North Sea...

Novatek acquiring Russia's Chernichnoye oil and gas field
(12/12/2017) Novatek has concluded an agreement to acquire the Chernichnoye Field in the Krasnoselkupsky area of the Yamalo-Nenets Autonomous Okrug...
UK Lancaster Field early production FPSO being upgraded
(12/12/2017) Hurricane Energy has reported that the Aoka Mizu FPSO early production facility for the Lancaster Field in the UK North Sea arrived in Dubai...

NZOG buy of Mitsui E&P stake in Kupe Field gets government approval
(12/12/2017) The Overseas Investment Office and New Zealand Petroleum & Minerals Office have given their approval for New Zealand Oil & Gas to purchase...

Eni taps down Tecoalli-2 in Mexico's Campeche Bay
(12/12/2017) Ente Nazionale Idrocarburi has successfully drilled its Tecoalli-2 exploration well, in the shallow waters of the Campeche Bay...

Kosmos finds Lamantin-1 off Mauritania water-bearing
(12/12/2017) Kosmos Energy has completed drilling the Lamantin-1 exploration well located in Block C-12 offshore Mauritania in 2,200 meters water depth...

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From the Editor

Pros & cons of Iraq Kurdistan independence

Dev George
Managing Editor

There is much to be said for the Kurdistan Region of northern Iraq being independent of Baghdad rule, as there is much to be said for it remaining a part of Iraq. The region already has a significant degree of autonomy and considerable democracy despite the present autocracy...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Crude futures prices fall further on US stock draw, record production

(12/13/2017) Traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) took our monitored benchmarks down in price for a second day in response to the US Energy Information Administration (EIA) report of a 5.1 million bbl draw from US domestic stocks but a bigger than expected build in gasoline inventories of 5.7 million bbl...⇒⇒⇒
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