OGI - Oil and Gas International Log on Log off Subscribe
OGI Departments

World Industry News
Exploration & Discoveries
Drilling & Completion
Development & Production
Licensing & Concessions
Health Safety Environment
Company News

Oil/Gas Prices & Analysis

Special Features
Technical Reports
Regional Spotlight

New Products & Services
Industry Calendar
Industry Book Reviews
Industry Associations
Industry Links
Search Archives

Upcoming Events
March 19-21
Papua New Guinea Petroleum & Energy Summit
March 20-23
OTC Asia 2018
March 21-22
Eastern Mediterranean Gas Conference
March 26-27
Texas Independent Producers & Royalty Owners Association (TIPRO) Annual Meeting
March 26-28
11th Oil & Gas West Asia (OGWA)
March 27
Scotia Howard Weil Energy Conference
March 27-29
AAPG Global Super Basins Leadership Conference
March 27-28
SPE/ICoTA Coiled Tubing & Well Intervention Conference & Exhibition
More Events
New Products & Services
Reflex launches WAVE-4 personnel transfer carrier

Personnel fall protection lanyard

Marine Breakaway Couplings

Latest version of RockWorks for 2D & 3D visualization

Submit your new products and services to OGI

New Book Review

Brazilian Upstream
Edited by: Dr Eduardo G. Pereira
Latest Headlines

Angola's deepwater Ochigufu Project goes onstream
(3/16/2018) Ente Nazionale Idrocarburi has reported oil production has commenced at its operated Ochigufu Project offshore Angola in the deepwater Block 15/06...

Transocean given safety order on semisub Spitsbergen
(3/16/2018) Transocean Offshore has been given notice of an order by the Petroleum Safety Authority Norway following an audit of emergency preparedness...

ExxonMobil to start Cyprus Block 10 exploration despite Turkish warnings
(3/16/2018) ExxonMobil has advised it will begin hydrocarbon exploration operations offshore Cyprus this week despite warnings from Turkey it would infringe...

Bibby Offshore merging with Rever Offshore
(3/16/2018) Fara Holdco, owner of Bibby Offshore, has announced a merger with Rever Offshore, whose subsidiaries include CECON Contracting...

Cairn to acquire 100% stake in block offshore Suriname
(3/16/2018) Staatsolie Maatschappij Suriname, the state oil company of Suriname, has revealed that Cairn Energy is in line to acquire a production sharing contract...

Inpex North Caspian Sea stake in Kashagan financed by Jogmec
(3/16/2018) Inpex's subsidiary Inpex North Caspian Sea has obtained financing for its interest in the Kashagan Project in the Kazakhstan Caspian Sea...

Zarubezhneft pens Iran oilfield development pact with NIOC
(3/16/2018) Zarubezhneft has concluded two petroleum contracts with National Iranian Oil Company for the development of the Aban and Paydare Gharb Fields...
COSLProspector arrives in the Norwegian North Sea
(3/16/2018) The COSL Drilling Europe unit of China Oilfield Services Limited has reported its newest and largest semisubmersible drilling rig has arrived...

US rotary rig count rises another 6 rigs this week
(3/16/2018) Baker Hughes has reported the US rig count increased by another six rigs this week for a total of 201 more working rigs than at this time last year...

Spirit given consent to drill on Norwegian North Sea Oda Field
(3/15/2018) The Norwegian Petroleum Safety Authority has given its consent to Spirit Energy to employ the jackup drilling rig Maersk Interceptor...

Shell selling New Zealand interests to OMV for US$578 million
(3/15/2018) Royal Dutch Shell has agreed to sell its shares in entities in New Zealand to Osterreichischen Mineralolverwaltung...

Statoil changing name to Equinor
(3/15/2018) Statoil's board of directors has propose changing the name of the company to Equinor to support its strategy and development as a broad energy company...
Xodus delivers Tunisia decommissioning & abandonment study
(3/15/2018) has delivered a decommissioning and abandonment study for wells, surface and subsea facilities in Tunisia on behalf of Thyna Petroleum Services...

Philippines' Alegria Field declared commercially viable
(3/15/2018) Philippines Energy Secretary Alfonso Cusi and China International Mining Petroleum Company have jointly declared the Alegria Field viable...

Eni raises record output from Nooros gasfield offshore Egypt
(3/15/2018) Ente Nazionale Idrocarburi has strengthened its record production from the Nooros gasfield offshore Egypt, which has reached an output of 1.12 bcf/d...

CGG shooting large 3D MC seismic survey over Brazil's Santos Basin
(3/15/2018) CGG has commenced acquisition of a large broadband 3D multi-client survey in the presalt area of the deepwater Santos Basin offshore Brazil...

Zoltav exploring Saratov, Russia's Bortovoy fields
(3/14/2018) Zoltav Resources' exploration program to assess the resource potential of the Carboniferous and Devonian structures in Russia's Saratovskaya Oblast...

Renaissance drills 6 of 10 planned wells on Mexico's Amatitlan Block
(3/14/2018) Renaissance Oil and partner Lukoil have concluded the drilling of six of the ten wells in the Chicontepec well appraisal program for the Amatitlan Block...

Eni drilling Rabat Deep-1 exploration well off Morocco
(3/14/2018) Chariot Oil & Gas has reported that the Eni Maroc unit of Ente Nazionale Idrocarburi has commenced drilling the Rabat Deep-1 exploration well...

SDX's Rabul-5 an oil discoveries onshore Egypt
(3/14/2018) SDX Energy has achieved an oil discovery with its Rabul-5 well in the West Gharib Concession onshore Egypt, the first of two wells planned...

Ecuador offering 4 blocks in Amazon, 1 block in Guayaquil Gulf
(3/14/2018) Petroamazonas, an Ecuadorian state oil and gas company, has launched a bidding round open to foreign companies for four blocks in eastern Ecuador...

IMI and ARO Drilling select newLJ43 rig design
(3/14/2018) International Maritime Industries and partner Saudi Aramco Rowan Offshore Drilling Company have selected a new LJ43 rig design...

Bibby Offshore scores 3 new contracts in North Sea & Tunisia
(3/13/2018) Bibby Offshore has reported receiving three individual multimillion dollar contracts for work in the UK sector of the North Sea and offshore Tunisia...

Hydrasun wins Repsol Sinopec UK maintenance contract
(3/13/2018) Hydrasun has won a contract worth up to £2 million with Repsol Sinopec Resources UK to provide maintenance services for 11 assets in the UK...

Qatar Petroleum obtains new Abu Dhabi deal for Al-Bunduq Field
(3/13/2018) Qatar Petroleum has concluded a new concession agreement for the Al-Bunduq Field in the Abu Dhabi sector of the Persian Gulf...

Amplify selling noncore South Texas assets for $20 million
(3/13/2018) Amplify Energy has signed a definitive agreement to sell its interest in properties located in Texas' Live Oak, McMullen, Webb, and Duval Counties...
Cairn to drill its 1st operated exploration well in UK North Sea
(3/13/2018) Cairn Energy is gearing up to drill its first operated exploration well in the UK sector of the central North Sea with the spudding of its Ekland-1 well...

Fire shuts in PNR's West Panhandle Field in NW Texas
(3/13/2018) Pioneer Natural Resources Company has reported that a fire occurred at a compressor station at its West Panhandle Field in the Panhandle of Texas...

Kongsberg Digital contracted for US Gulf Mad Dog 2 simulator
(3/13/2018) BP has awarded Kongsberg Digital a milestone contract to design, engineer, build, install, and perform acceptance testing of a digital twin...

New York wants out of proposed offshore leasing program
(3/13/2018) Andrew M. Cuomo, governor of New York, has joined governors of other US coastal states to ask that his state be exempt from the leasing program...

FSO delivered for Chevron's Thai Gulf Benchamas Field
(3/13/2018) MISC Berhad has delivered its new floating, storage, and offloading vessel to Chevron Offshore Thailand, the FSO Benchamas 2, to be installed...

MoU signed to develop $3 billion Bangladesh LNG-to-power project
(3/13/2018) Mitsubishi Corporation and its subsidiary Diamond Gas International have concluded a memorandum of understanding with Summit Power International...

Woodside awards 3 contracts to Wood for Senegal deepwater studies
(3/13/2018) Wood Group has reported the award of three contracts by Woodside Energy for subsea and flow assurance studies at its deepwater blocks...

Petrobras to sell Piranema & Piranema Sul Fields
(3/13/2018) Petroleo Brasileiro has begun the process to sell its total interest in the Piranema and Piranema Sul Fields offshore Brazil in Sergipe-Alagoas Basin...

Savannah drilling 3 wells in Niger's Agadem Basin
(3/12/2018) Savannah Petroleum has set a three-well drilling campaign on the R3 portion of the R3/R4 PSC area in the Agadem Basin, southeast Niger...

Sonatrach commits to invest $250 million in Algeria's Tinrhert gasfield
(3/12/2018) Sonatrach CEO Abdelmoumen Ould Kaddour has revealed the company has pegged US$250 million for investment in the Tinrhert gasfield...

Golar Hilli Episeyo FLNG goes onstream off Cameroon
(3/12/2018) Golar LNG has begun liquefied natural gas production at its Hilli Episeyo floating LNG vessel in Cameroon to become Africa's first, and world's second...

Subsea 7 scores IRM contract for Caspian's ACG & Shah Deniz Fields
(3/12/2018) Subsea 7 has been contracted by BP Exploration for provision of subsea inspection, repair, and maintenance services on the Azeri-Chirag-Gunashli...

Dominican Republic to offer 4 onshore & offshore blocks
(3/12/2018) The Dominican Republic's Minister of Energy & Mining Isa Conde has said his government is anticipating considerable interest from major oil companies...

Eni takes interests in 2 offshore Abu Dhabi concessions
(3/12/2018 OGI: Dubai) Ente Nazionale Idrocarburi has agreed with Abu Dhabi National Oil Company to acquire interests in Lower Zakum, Umm Shaif, and Nasr Fields...

FEED selected for Tortue/Ahmeyim project off Mauritania & Senegal
(3/12/2018) McDermott International and GE's Baker Hughes have selected front-end engineering design studies for BP's Tortue/Ahmeyim gasfield development...

COSL Force jackup mobilizing to drill Sirius' Ororo wells off Nigeria
(3/12/2018) Sirius Energy has advised that the drillsites have been approved by Nigeria's Marine Warranty Surveyor for the Ororo-2 and Ororo-3 wells...

W&T Offshore acquires Cobalt stake in US Gulf Heidelberg Field
(3/12/2018) W&T Offshore has successfully bid for Cobalt International Energy's interest in the Heidelberg Field and its US Gulf of Mexico Green Canyon blocks...

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

$100/bbl oil in 2019 not likely

Dev George
Managing Editor

So far 2018 has been a rollercoaster ride for oil markets with crude rising and falling to tie record highs and lows of the past few years since the big plunge in prices in 2014. Recently prices have trended higher even as they vacillate, and predictions for the near future from the US Energy Information Administration (EIA) and the International Energy Agency (IEA) anticipate continued growth...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Crude climbs slowly again today in choppy trade

(3/15/2018) Traders kept the ever-so-slow upward momentum in crude futures today at the New York Mercantile Exchange (Nymex) and the London Intercontinental Exchange (ICE) as they responded to the International Energy Agency (IEA) view expressed this morning that global oil demand will continue to grow this year...⇒⇒⇒
Email your comments and suggestions on this site or any of its articles
Read Feedback comments
What's New


World Time Zones

Measurement Conversions

Currency Converter

About This Site | Contributer's Guide | Newsfeed Services | 2018 Advertising Info | Contact Us

©Copyright 2001-2018, Oil and Gas International, all rights reserved. ISSN: 155-7440.
Republication or redistribution of any content in the Oil and Gas International website and newsletter, whether by caching, framing, or any similar means, is completely prohibited without advance consent in writing from Oil and Gas International. The content, including articles, maps, graphics, and site information, may not be copied, reproduced, modified, rewritten, or republished in any form, written or electronic, without written permission from Oil and Gas International. The OGI globe logo and Oil and Gas International are registered trademarks. For permissions, Contact Us.