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Latest Headlines

Shell sells Western Canada shale acreage to Tourmaline for $1 billion
Royal Dutch Shell's affiliate Shell Canada Energy has agreed to sell 206,000 net acres of non-core oil and gas properties in Western Canada...

Noble jackup contracted for Qatar drilling by JX Nippon
(10/22/2016) Noble Drilling's jackup drilling rig Noble Houston Colbert has been contracted for a five-month stent in the Qatari sector of the Persian Gulf...

Crew copter crashes in northwestern Siberia, 19 killed
(10/22/2016) An Mi-8 helicopter carrying 22 oil and gas workers crashed yesterday in northwestern Siberia's Yamalo-Nenetsk Okrug, killing at least 19 people...

EMGS extends charter of Atlantic Guardian acquisition vessel
(10/21/2016) Electromagnetic Geoservices has signed an extended charter agreement with North Sea Commander Shipping for the EM survey vessel...

Africa Energy acquires 90% interest in South Africa's Block 2B
(10/21/2016) Africa Energy has reported closing three transactions resulting in its acquisition of a 90% participating interest and operatorship in Block 2B...

Aker Solutions to acquire majority stake in Brazil's CSE
(10/21/2016) Aker Solutions has agreed to buy 70% ownership of Brazil's CSE Mecanica e Instrumentacao, with an option to purchase the remaining 30%...
US working rotary rig count higher by 14 rigs this week
(10/21/2016) Baker Hughes has reported that there were 14 more rigs that commenced work in the United States rig fleet this week to increase the total number to 553...

Tullow reveals planned northern Zambia exploration program
(10/20/2016) Tullow Oil's Zambian subsidiary is planning to undertake an extensive exploration campaign in Zambia's northern Luapula and Northern Provinces...

Delivery of Sevan Developer drilling rig delayed to April 2017
(1/20/2016) China Ocean Shipping Company subsidiary Cosco Qidong has again delayed delivery of the Sevan Developer drilling rig per Sevan's option...

Aqualis wins FPSO marine warranty service contracts off Brazil
(10/20/2016) Marine and offshore engineering consultancy Aqualis Offshore has been awarded contracts to provide marine warranty services to three FPSOs...

Woodside completes Julimar project in prep for Wheatstone 1st gas
(10/20/2016) Woodside Energy has advised a key component in preparation for startup of gas production from the Wheatstone Project offshore Western Australia...

Subsea 7 wins EPCI contract off Egypt from BP-EGPC JV
(10/20/2016) Subsea 7 has reported receiving a substantial contract offshore Egypt from Pharaonic Petroleum Company in water depths of over 900 meters...

Verus buys Maersk stake in UK North Sea Boa Field
(10/20/2016) Verus Petroleum has reported concluding an agreement with Maersk Oil North Sea UK for the acquisition of its 9.8% interest in the Boa oilfield...

CGG GeoSoftware introduces new anisotropic inversion in Jason
(10/20/2016) A new anisotropic inversion capability within GeoSoftware's Jason solution was introduced today at the Society of Exploration Geophysicists Conference...

Gastar in JV to develop 60 Oklahoma STACK Play wells
(10/20/2016) Gastar Exploration has executed a definitive agreement with a private global investment fund to jointly develop up to 60 of its operated wells...

CPX drilling 3rd of 9 wells targeting Texas' Upper Wolfcamp
(10/20/2016) CP Exploration has begun drilling the Durham Smith Fuente 209HL, its third horizontal well in the Delaware Basin in Reeves County, Texas...

SOFEC awarded Benchamas FSO external turret project
(10/19/2016) SOFEC has been contracted to provide an external turret for the floating storage and offloading vessel to be installed Thailand's Benchamas Field...

KBR wins FEED contract for East Java, Indonesia LNG terminal
(10/19/2016) KBR has been awarded a pre-front end engineering and design study for Australasia LNG Indonesia's new proposed liquefied natural gas hub...
Fluor completes Fort Hills oil sands modules fabrication
(10/19/2016) Fluor has fabricated and shipped all 358 modules for the Fort Hills Energy oil sands mining project in the Athabasca region of Alberta, Canada...

Southern North Sea Rejuvenation SIG launched
(10/19/2016) The UK Oil & Gas Authority and the East of England Energy Group have launched a new Southern North Sea Rejuvenation Special Interest Group...

Global Maritime given master services agreement by Statoil
(10/19/2016) Global Maritime Consultancy & Engineering has been awarded a master services agreement by Statoil covering a range of studies and surveys...
Quadrant tests Roc-2 well off Western Australia at 51.2 million cf/d
(10/19/2016) Quadrant Energy has confirmed a successful flowtest of its Roc-2 exploration well offshore Western Australia 165 km north of Port Hedland...

ExxonMobil lines up 1st offshore Liberia exploration well
(10/19/2016) ExxonMobil is to commence drilling operations in Liberia early next month with the drilling of its first exploration well in Liberian waters, the Mesurado-1...

Cluff ups estimate of UK North Sea license to 1.282 Tcf
(10/19/2016) Cluff Natural Resources has obtained a substantial increase in the prospective resources for its 100% held license in the UK southern North Sea...

CNPC's southern Peruvian Amazon block holds 3-4 Tcf proven gas
(10/19/2016) Proven natural gas reserves in China National Petroleum Corporation block in Peru's southern Amazon Basin have been recently estimated...

Cooper sells stake in Indonesia's Tangai-Sukananti Block to Bass Strait
(10/19/2016) Cooper Energy has accepted an offer from Bass Strait Oil for its remaining Indonesian asset, 55% interest in an onshore block in South Sumatra Basin...

Prospex wins enviro approval for onshore Poland exploration well
(10/19/2016) Prospex Oil & Gas has reported approval being received from Poland's Ministry of Environment for the drilling of the Boleslaw-1 exploration well...

Gulfsands farms out Colombia block to Samarium
(10/19/2016) Gulfsands Petroleum has agreed to farmout majority interest in Colombia's Putumayo 14 exploration and production block to Samarium Energy...

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From the Editor

Who wins & who loses in OPEC agreement to limit oil production

Dev George
Managing Editor

The Organization of Petroleum Exporting Countries' agreement to take up a policy change to limit member production by either a freeze or a cap at a particular level at the cartel's 30 November meeting in Vienna may or may not come to anything other than another chorus of obfuscation of real intentions, including the continuation of the last two years' pump-at-will strategy led by Saudi Arabia...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Prices fall further as dollar hits 7-month high against other currencies

(10/20/2016) Traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) responded to the rise in value of the US dollar against a basket of key international currencies by taking profits from the seven-month highs and sending our monitored benchmarks down...⇒⇒⇒
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