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Latest Headlines

Lundin discovers oil & gas in Norwegian Barents Sea prospect
Lundin Petroleum has reported discovery of oil and gas by its subsidiary Lundin Norway in the Norwegian Barents Sea on the Filicudi Prospect...

Alaska's DNR to add 24 leases to North Slope Pikka Unit
(2/19/2017) Alaska's Department of Natural Resources has granted Armstrong Energy's request to expand its Pikka Unit on the North Slope by 14,400 acres...

BP to drill Ironbark Prospect offshore Western Australia
(2/19/2017) BP plans to drill the substantial Ironbark Prospect in the Carnarvon Basin off Western Australia in the North West Shelf area 50 km from North Rankin...

Bomb halts Colombia's Cano-Limon Covenas pipeline
(2/19/2017) The Cano-Limon oil pipeline that skirts the Venezuelan border in eastern Colombia has once again been sabotaged in a bomb attack...

Full production set for Nigeria's Otakikpo Field
(2/19/2017) Green Energy International has advised that it is about to commence continuous full production from its operated marginal Otakikpo Field...

Springfield gearing up for 3D seismic shoot offshore Ghana
(2/19/2017) The indigenous Ghanaian company Springfield E&P has retained the services of the seismic acquisition vessel Ramform Titan for a survey...

Engineering & design set for Timor Sea Caldita & Barossa Fields
(2/19/2017) Santos has reported the ConocoPhillips-led partners plan to begin initial engineering and design for the Caldita and Barossa Fields off Australia...

VNG Norge sees Pil & Bue FID before yearend
(2/19/2017) The VNG Norge subsidiary of Verbundnetz Gas and its partners anticipate reaching a final investment decision for the Pil and Pue Project by yearend...

NIOC discovers 2 billion bbl shale oil reserves in Iran's Lorestan Province
(2/19/2017) The National Iranian Oil Company has revealed its discovery of approximately 2 billion bbl of light shale oil reserves in the Ghali Koh area...

CNPC granted stake in Abu Dhabi's ADCO onshore concession
(2/19/2017) Abu Dhabi National Oil Company has concluded an agreement providing China National Petroleum Corporation interest...

Construction of Ichthys LNG FPSO & CPF completed
(2/17/2017) Inpex has reported the floating production, storage, and offloading vessel and central processing facility for the Ichthys LNG project are completed...

Black Sea Oil & Gas aims for gas production in 2019
(2/17/2017) Carlyle International Energy Partners' Black Sea Oil & Gas is targeting gas production from its 15 Midia Shallow Block in the Romanian Black Sea...

Kraken FPSO on site and hooked up to buoy system
(2/17/2017) The Armada Kraken floating production, storage, and offloading vessel has arrived on the Kraken Field in the UK sector of the North Sea...

Abu Dhabi's NDC receives newbuild jackup rig from Lamprell
(2/17/2017) The National Drilling Company unit of Abu Dhabi National Oil Company has received its eighth jackup drilling rig built by Lamprell in Sharjah, UAE...

US working rotary rig count higher by 10 rigs this week
(2/17/2017) Baker Hughes has reported that 10 more rigs have joined the US active rig fleet this week to raise the total number to 237 more than at this time last year...

Gastar drills 15 wells in its Oklahoma STACK operations
(2/17/2017) Gastar Exploration has now drilled and completed eight Meramec wells and drilled but not yet completed seven Meramec wells and one Osage well...

Ithaca puts UK North Sea Stella Field on production
(2/17/2017) Ithaca Energy has reported a successful start-up of production from its operated Stella Field in the heart of the Central Graben of the UK North Sea...

Rosneft drilling Solimoes exploration well in Brazilian Amazon
(2/17/2017) Rosneft has reported commencement of drilling operations in its first exploration well in the Solimoes Basin in the Brazilian Amazon...

Fluor contracted by JGC for BC Canada's Woodfibre LNG Project
(2/17/2017) Fluor as signed an agreement with JGC America to provide construction-related support to the front-end engineering and design (FEED) services...

South China Sea study finds structures key to exploration
(2/17/2017) Frogtech Geoscience has released a comprehensive new basement-focused study of the hydrocarbon-rich South China Sea...

Diamondback upping its Permian Basin horizontal rigs to 10 or more
(2/16/2017) Diamondback Energy has revealed it has six horizontal rigs working in Texas' Permian Basin, six in the Midland and one in the Delaware sub-basins...

Trinity wellsite blast in Oklahoma injures fieldworker
(2/16/2017) An explosion at Trinity Operating's Pittsburg County, Oklahoma wellsite has injured one worker, who was flown to a hospital in Tulsa in unknown condition...
Iran's Changuleh Field development plan for approval in March
(2/16/2017) DNO, Gazprom Neft, and PTTEP are to submit their proposed plan for development of the Changuleh Field in Western Iran's Ilam Province...

Petrobras posts new production records for pre-salt
(2/16/2017) Petroleo Brasileiro achieved a new highs for pre-salt oil and gas production last month with two new records for monthly output and daily output...

ExxonMobil sets record in high performance reservoir computing
(2/16/2017) ExxonMobil working with the National Center for Supercomputing Applications has achieved a major breakthrough in reservoir simulation...

Vietnam approves Te Giac Trang Field development plan
(2/16/2017) SOCO International has reported the Hoang Long Joint Operating Company has received formal approval of the full field development plan...

India awards 31 concessions in Discovered Small Field Bidding Round
(2/16/2017) India's Cabinet Committee on Economic Affairs has approved award of 23 onshore and eight offshore blocks that have small field discoveries...

Chariot awarded Kenitra permit offshore Morocco
(2/16/2017) Chariot Oil & Gas has been awarded a 75% interest and operatorship of the Kenitra offshore exploration permit in the Moroccan Atlantic Ocean...

Doyon's Arctic Fox rig contracted for Alaska Icewine-2 well
(2/16/2017) 88 Energy has concluded a contract with Doyon Drilling for the employment of its Arctic Fox drilling rig to drill the Icewine-2 exploration-appraisal well...

Tlou boosts reserves estimate for Botswana's Lesedi & Mamba Projects
(2/16/2017) Tlou Energy as reported a significant upgrade of its reserves for the Lesedi CBM Project and initial reserves for the Mamba Project in Botswana...

CGG wraps up Bahrain's 1st airborne gravity gradiometry survey
(2/16/2017) CGG has completed acquisition and processing of the first ever airborne gravity gradiometry survey of Bahrain, conducted for Bahrain Petroleum...

Rowan sells Gorillas II and III jackups & cold-stacks Rowan California
(2/15/2017) Rowan Companies has revealed the sale of two of its jackup drilling rigs, the Gorilla II and Gorilla III, and the cold-stacking of another...

Kvaerner wins another North Sea decommissioning project
(2/15/2017) Kvaerner has reported receiving a contract from Saipem as part of its decommissioning of an unnamed platform in the Norwegian North Sea...
Kina wins new Papua New Guinea license & extends another
(2/15/2017) Perth) Kina Petroleum has been awarded a new license for its original Papua New Guinea onshore PPL338, which has been reduced by 50%...

TGS compiles geoscientific data for 430,000 Permian Basin wells
(2/15/2017) In response to the flood of operators to the US Permian Basin in Texas and New Mexico, TGS Nopec Geophysical has created a database of products...

Alfa selling holdings in Texas' Eagle Ford Shale
(2/15/2017) Mexican conglomerate Alfa has revealed it is selling its interests in southeastern Texas' Eagle Ford, Edwards, and Wilcox plays...
Lansdowne & Kinsale relinquish Ireland's SEL4/07
(2/15/2017) Lansdowne Oil & Gas and operator Kinsale Energy have relinquished their interests in Ireland's Midleton-East Kinsale exploration license SEL4/07...

Wintershall sets Norwegian North Sea Skarfjell Field development plan
(2/15/2017) Wintershall Norge has submitted its development plan for the Skarfjell Field in the Norwegian sector of the North Sea to the Ministry of Petroleum...

Origin extended tests confirm Northern Australia shale gas find
(2/15/2017) Origin Energy has concluded its extended production testing of the Amungee NW-1H exploration well in Northern Australia's Beetaloo Basin...

Gulfsands granted extension to Morocco Moulay Bouchta permit
(2/15/2017) Gulfsands Petroleum has been awarded an extension to its agreement on the Moulay Bouchta Block in the Rharb Concession in northern Morocco...

Po Valley to see 1st gas from Italy's Bezzecca Field
(2/15/2017) Po Valley Energy is bringing onstream its new Bezzecca gasfield onshore northern Italy in the Cascina San Pietro Block with first gas next month...

Sky-Futures contracted for drone inspections of Eni facilities
(2/15/2017) Sky-Futures has been awarded a three-year contract to inspect Ente Nazionale Idrocarburi facilities globally utilizing drone-based technology...

Pennine awarded PSA for Albania's Velca Block
(2/14/2017) Pennine Petroleum has concluded a production sharing agreement with Albania's national oil company Albpetrol for exploration and development...

Iran's NIOC discovers 13 new fields during past 3 years
(2/14/2017) The National Iranian Oil Company has reported its discovery of 13 new oil and gas fields in Iran with a total of 6.5 billion bbl oil and 62 Tcf of natural gas...
US EIA expects most of US oil production to 2040 to be tight oil
(2/14/2017) The US Energy Information Administration reference case in its Annual Energy Outlook 2017 expects to see tight oil make up most of the US total...

NZOG follows AWE in sale of New Zealand Tui fields to Tamarind
(2/14/2017) New Zealand Oil & Gas has agreed to the sale of its interest in New Zealand's Tui fields in the offshore Taranaki Basin to Tamarind Energy...

NZOG follows AWE in sale of New Zealand Tui fields to Tamarind
(2/14/2017) New Zealand Oil & Gas has agreed to the sale of its interest in New Zealand's Tui fields in the offshore Taranaki Basin to Tamarind Energy...

BP completes acquisition of stake in Egypt's giant Zohr Field
(2/14/2017) BP has concluded acquisition of interest in the Shorouk Block and its super-giant Zohr gasfield from Ente Nazionale Idrocarburi's Egyptian subsidiary...

DOF Subsea contracted for Australia's Prelude FLNG Project
(2/14/2017) DOF Subsea Australia has been awarded a contract by Technip Oceania, part of TechnipFMC in Australia, for provision of a multipurpose support vessel...

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

2017 comes with guarded optimism

Dev George
Managing Editor


Given the mercurial nature of the United States' new chief executive, Donald Trump, it is a challenge to attempt to divine what lies ahead for the petroleum industry under his aegis or, as many have predicted he will delegate decisions affecting the oil and gas industry to those he has chosen as advisors and cabinet members, what they will do to bring the industry in line with Trump's vision for making America great again...⇒⇒⇒

Latest Editorials
Oil/Gas Prices & Analysis
US drilling increase & burgeoning stocks hold prices down

(2/17/2017) The week's trade closed today with minor increases in per bbl prices for the day in crude futures at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE), but the numbers for the week were down for the first time in several weeks...⇒⇒⇒
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