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Latest Headlines

Shell's FID to redevelop UK North Sea Penguins Field approved
Royal Dutch Shell has made the final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea...

India's 1st licensing round in 8 years offering 55 exploration blocks
(1/17/2018) The Indian Directorate General of Hydrocarbons is launching its first licensing round in eight years tomorrow with an offer of 55 blocks...
NPDC & Elcrest complete Opuama well offshore Nigeria
(1/17/2018) Eland Oil & Gas' Elcrest Exploration & Production Nigeria and operator Nigeria Petroleum Development Company have drilled and completed...

TAG Oil gearing up to drill Pukatea-1 exploration well in New Zealand
(1/17/2018) TAG Oil and its joint venture partner Melbana Energy have begun operations on the Pukatea-1 well onshore New Zealand's North Island...

Talos puts 2nd US Gulf deepwater Phoenix Field well onstream
(1/17/2018) Talos Energy has obtained initial production from the Tornado II deepwater well in the US Gulf of Mexico's Green Canyon on the Phoenix Field...

Archer wins 3-year Apache platform drilling management contract
(1/17.2018) Archer Limited has been awarded a new three-year contract by Apache for the provision of platform drilling management services in the UK North Sea...

Statoil contracts permanent reservoir monitoring of Sverdrup Field
(1/17/2018) Statoil has awarded a contract to Alcatel Submarine Networks for permanent reservoir monitoring on the offshore Johan Sverdrup Field...

GeoPark makes gasfield discovery in Chile's Fell Block
(1/17/2018) GeoPark Limited has reported the successful drilling and testing of its Uaken-1 exploration well in the Fell Block in the Magallanes Basin...

LINN selling stake in Utah's Altamont Bluebell Field
(1/16/2018) LINN Energy has agreed to sell its interest in properties located in the Altamont Bluebell Field in the Uinta Basin of northeastern Utah...

Petrobras transfers rights to Lapa & Iara Fields to Total
(1/16/2018) Petroleo Brasileiro and Total have completed the transfer of rights in the Lapa and Iara concessions, as part of their strategic alliance...

SBM completes Turritella FPSO handover & transaction with Shell
(1/16/2018) SBM Offshore and Shell E&P Offshore Services have completed their transaction related to Shell's purchase of the Turritella FPSO...

Canacol scores significant gas discovery onshore Colombia
(1/16/2018) Canacol Energy has reported achieving a large gas discovery with its Pandereta-2 well in Colombia's Lower Magdalena Valley Basin...

Statoil renews & expands MMT survey & light construction contract
(1/16/2018) Statoil has renewed and expanded its frame contract with MMT as a result of the successful cooperation between MMT Sweden and Reach Subsea...

Fire strikes Petrobras' FPSO on Lula Alto Field off Brazil
(1/16/2018) Petroleo Brasileiro has reported a fire broke out aboard its Cidade de Marica floating production, storage, and offloading vessel this morning...

Drillship Deepsea Metro 2 to start Turkish Mediterranean operations
(1/16/2018) The Turkish Ministry of Energy and Natural Resources has advised that the country's first active drillship, the Deepsea Metro 2, is to commence drilling...

Statoil offered stakes in 31 Norwegian exploration licenses
(1/16/2018) Statoil has reported that the Norwegian Ministry of Petroleum and Energy has offered it interests in 31 exploration licenses off Norway...

United Oil & Gas farms into Corallian's southern UK assets
(1/16/2018) United Oil & Gas has farmed into three licenses held by Corallian Energy in southern UK onshore and offshore interests for a minority stake...

Vermilion expands Saskatchewan assets with $90.8 million buy
(1/16/2018) Vermilion Energy has agreed to acquire a private southeast Saskatchewan producer and 42,600 acres of land for a total of US$90.8 million...
Touchstone to drill 1st 5 wells in 2018 Trinidad drilling program
(1/16/2018) Touchstone Exploration is making preparations for the drilling of the first of five new wells onshore Trinidad as the initial wells planned in this year...

Norway awards record number of licenses from APA 2017
(1/16/2018) The Norwegian Ministry of Petroleum and Energy has offered 75 licenses on the Norwegian Continental Shelf in the Award in Pre-Defined Areas...

TGS lines up onshore 3D surveys in Texas, Oklahoma & British Columbia
(1/16/2018) TGS Nopec Geophysical has scheduled three new onshore seismic projects in key North American basins that are set to get underway...

ExxonMobil finds hydrocarbons in PNG P'nyang South-2 well
(1/16/2018) ExxonMobil has encountered hydrocarbons in drilling the onshore P'nyang South-2 well, located in the Western Province of Papua New Guinea...

PetroQuest drilling Louisiana Avoyelles & Pointe Coupee wells
(1/15/2018) PetroQuest Energy has revealed that it is investing US$8.75 million in Avoyelles and neighboring Pointe Coupee Parishes in Louisiana...
SDX drilling Oulad N'Zala-7 onshore Morocco
(1/15/2018) SDX Energy has commenced drilling operations at its Oulad N'Zala-7 development well on the Sebou Block onshore northern Morocco...
Cerro de Chaga-1 in Uruguay delayed for repairs
(1/15/2018 OGI: London) Petrel Energy has advised that Schuepbach Energy Uruguay operations at the Cerro de Chaga-1 remain suspended due to delays...

Premier sells stake in Indonesia's Kakap Field
(1/15/2018) Premier Oil has signed a sale and purchase agreement with Batavia Oil to sell its entire non-operated interest in the Natuna Sea Kakap Field...

Statoil & Socar agree to development of Karabakh Field
(1/15/2018) The State Oil Company of the Azerbaijan Republic has agreed to terms for development of the Karabakh Field in the Azerbaijani Caspian Sea...

 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
Prices close week with 6th straight day of increases

(1/12/2018) Traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) sent our monitored benchmarks' future prices ever upward for a sixth consecutive day as weight was given to a pronouncement by Russian Minister of Petroleum Alexander Novak that the winding down of...⇒⇒⇒
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