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Latest Headlines

ExxonMobil makes 8th oil discovery offshore Guyana
(6/20/2018) ExxonMobil has achieved an eighth oil discovery offshore Guyana with its Longtail-1 exploration well in the southeastern part of the Stabroek Block...

PSDM processed 3D seismic data on Guyana's Orinduik Block delivered
(6/21/2018) Eco Atlantic Oil & Gas has reported that interpretation and processing of the 3D seismic survey on Guyana's Orinduik Block is nearing completion...

CNOOC's Binhai LNG terminal to be built in China's Jiangsu Province
(6/21/2018) China's National Development & Reform Commission has agreed to the construction of a liquefied natural gas import terminal in eastern China...
PSA authorizes Equinor drilling Barents Sea Intrepid Eagle Prospect
(6/21/2018) The Norwegian Petroleum Safety Authority has given Equinor Energy its consent to carry out exploratory drilling in the Norwegian Barents Sea...

WorleyParsons wins contract extension to support Chevron Australia assets
(6/21/2018) WorleyParsons has received a contract extension for provision of services in support of the assets of Chevron's Australasian strategic business unit...

CGC & Echo find light oil in 3rd Fraccion well in Argentina
(6/21/2018) Echo Energy advised that a significant light oil column has been penetrated in its third well onshore Argentina, the EMS-1001 in the Fraccion C...

Spirit wins permit to drill Scarecrow wildcat in Barents Sea
(6/21/2018) The Norwegian Petroleum Directorate has issued a drilling permit to Spirit Energy Norge for the drilling of a wildcat well in the Norwegian Barents Sea...

Shell sale of Thai Gulf Bongkot Field interest concluded
(6/21/2018) Royal Dutch Shell's Thai affiliates have completed the sale of their interest in the Bongkot Field and adjoining offshore acreage to PTTEP...

Aker BP given permit to drill 3 wells in northern Norwegian North Sea
(6/20/2018) The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for three wells to be drilled in the northern Norwegian sector of the North Sea...

Mubadala takes a stake in Egypt's giant Zohr gasfield concession
(6/20/2018) Mubadala Petroleum has completed acquisition from Ente Nazionale Idrocarburi of participating interest in the offshore Shorouk Concession...

Shell sells stake in Malaysia LNG Tiga to Sarawak SFS
(6/20/2018) Shell Gas Holdings Malaysia has completed sale of its interest in Malaysia LNG Tiga to the Sarawak State Financial Secretary for US$750 million...

OKEA acquiring Norske Shell interests in 2 Norwegian North Sea assets
(6/20/2018) Royal Dutch Shell has advised that its Norske Shell affiliate has reached an agreement for OKEA to purchase its operating interest in the Draugen Field...

C-Innovation awarded US Gulf Bass Lite decommissioning project
(6/20/2018) The C-Innovation affiliate of Edison Chouest Offshore has been contracted for a key role in the Bass Lite flowline decommissioning project...

Mubadala strikes more oil with Thai Gulf Manora Field well
(6/20/2018) Tap Oil has reported that operator Mubadala Petroleum has encountered multiple pay zones with its Manora-20 well in northern Gulf of Thailand...

INA acquiring Eni upstream assets in Croatia
(6/20/2018) Ente Nazionale Idrocarburi has concluded an agreement with INA-Industrija Nafte whereby INA will acquire 100% of Eni Croatia's upstream operations...
Vaalco concludes Avouma well workover off Gabon
(6/20/2018) Vaalco Energy has finished its workover operations in the Etame Marin Block's Avouma and South Tschibala Fields offshore Gabon...

Magseis to shoot ocean bottom seismic in Southeast Asia
(6/19/2018) Magseis has received a letter of award for an ocean bottom seismic acquisition offshore Southeast Asia using its proprietary MASS technology...
Gardline kicks off Newgrange seismic survey offshore Ireland
(6/19/2018) Gardline has commenced a new 2D seismic survey offshore southwest Ireland over the Newgrange Prospect on behalf of Providence Resources...

HVJOC lines up 2 jackups for Vietnam drilling
(6/19/2018) Soco International has reported that the Hoan Vu Joint Operating Company led by PetroVietnam has retained two jackup drilling rigs to drill off Vietnam...

Diamond extends license for Trelleborg helically grooved buoyancy
(6/19/2018) Diamond Offshore Drilling has extended its exclusive license for Trelleborg's patented helically grooved buoyancy technology until 2029...

Three wells set to drill on Egypt's Abu Sennan Concession
(6/19/2018) Rockhopper Exploration has revealed that a drilling program has been agreed for this year on the Abu Sennan Concession onshore Egypt...

Petrobras starts non-binding phase of Tartaruga Verde & Espadarte sale
(6/19/2018) Petroleo Brasileiro has begun the non-binding phase of the sale of 50% of its non-operated interest in the Campos Basin Tartaruga Verde Field...

Baytex & Raging River in $5 billion strategic merger
(6/19/2018) Baytex Energy and Raging River Exploration have unanimously agreed to a strategic combination of their companies for an enterprise value of $5 billion...

Inpex picks Chiyoda & Synergy Engineering for Abadi LNG
(6/19/2018) Chiyoda Corporation and Synergy Engineering have been awarded a Pre-FEED contract by Inpex for the subsea umbilicals, risers, and flowlines...

Urals drilling & working over South Dagi wells on Sakhalin Island
(6/19/2018) Urals Energy's initial South Dagi development program in the Russian Far East Sakhalin Island has four wells being drilled with the Jereh rig...

Gazprom pledges $1.2 billion in E&P for Bolivia's Vitiacua Block
(6/19/2018) Gazprom has concluded an agreement with Bolivian national company Yacimientos Petroliferos Fiscales Bolivianos for rights the Vitiacua Field...

Oxy & White evaluating feasibility of CO2 capture for EOR
(6/19/2018) Occidental Petroleum and White Energy are looking into the economic feasibility of capturing carbon dioxide at White's ethanol facilities...

Cox Oil acquiring Energy XXI Gulf Coast for $322 million
(6/18/2018) Energy XXI Gulf Coast has concluded an agreement with Cox Oil for its acquisition by Cox of the company and its owned and operated assets...

NIOC make Kish gasfield its top development priority
(6/18/2018) National Iranian Oil Company has given priority to the development of the giant Kish gasfield on and offshore Kish Island in the Iranian Persian Gulf...

Bass increases output at Indonesia's Tangai-Sukanati Field
(6/18/2018) Bass Oil Limited has achieved strong production rates increases at its Tangai-Sukananti Field and Block onshore Sumatra, Indonesia...

Alberta Rigel oil sands project development receives regulatory approval
(6/18/2018) The Alberta Energy Regulator has given its approval for the development of the Rigel oil sands project in northern Alberta's Athabasca region...

CGG's Helitem acquires broad-spectrum airborne EM data at 7.5 Hz
(6/18/2018) CGG Multi-Physics' Helitem helicopter time-domain electromagnetic system has successfully acquired airborne electromagnetic data at a base frequency...

Norway offers 12 new licenses to 11 companies in 24th round
(6/18/2018)The Norwegian Ministry of Petroleum and Energy has offered 12 new production licenses to 11 companies in the 24th licensing round...

FEED contracts awarded for Australia's Barossa Project
(6/18/2018) ConocoPhillips Australia has awarded three major engineering contracts for the front-end engineering design phase on the Barossa offshore project...

Baker Hughes scores Equinor integrated well services contract
(6/18/2018) GE's Baker Hughes has been awarded an integrated well services contract to support Equinor's North Sea drilling and well construction activities...

50% output gain in President workover of Puesto Flores wells in Argentina
(6/18/2018) President Energy has reported the first three wells in its workover program at the Puesto Flores Field in Rio Negro Province have been completed...

Empyrean Energy completes oil migration study offshore China
(6/18/2018) Empyrean Energy has completed a comprehensive oil migration study encompassing China Block 29/11, for which it holds 100% exploration rights...

SDX makes another gas discovery in Egypt's South Disouq
(6/18/2018) SDX Energy has made another gas discovery onshore Egypt in the South Disouq Concession with its South Disouq-4X exploration well...

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

What can solve the dire situation in Venezuela?

Dev George
Managing Editor


It has not been so long ago that Venezuela was regarded as one of the most reliable, efficient, and well managed petroleum producers, but since the death of its President Hugo Chavez, the country has fallen into economic chaos with inflation now at about 3,000%, and this has resulted in virtually every aspect of Venezuelan society deteriorating...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Crude settles mixed again on lower stocks & higher OPEC output

(6/20/2018) Crude futures ended trade today at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE), with mixed settlements as West Texas Intermediate (WTI) was driven higher by the drop in US oil inventories of 5.9 million bbl last week, as reported by the US Energy Information Administration (EIA) and North Sea Brent and its followers took losses as it appears the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers will approve an output increase...⇒⇒⇒
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