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Latest Headlines

ExxonMobil makes 2nd oil discovery offshore Guyana
ExxonMobil has reported achieving its second oil discovery in the Stabroek Block offshore Guyana with its Payara-1 exploration well near the Liza discovery...

BNK taps down 1st Tishomingo Field well of 2017 in Oklahoma
(1/18/2017) BNK Petroleum has successfully concluded the drilling of its first well of its 2017 drilling program, the Chandler 8-6H well, in its Tishomingo Field...

Empire flowtest proves Red Gully North discovery
(1/18/2017) Empire Oil & Gas has confirmed its Western Australia condensate and gas discovery via flowtests that verify potential commercial hydrocarbons...

Dresser-Rand commissions micro-scale LNG system in Pennsylvania
(1/18/2017) Siemens' Dresser-Rand unit has commissioned its first micro-scale natural gas liquefaction system at the Ten Man liquefied natural gas facility...

Baker Hughes & Schlumberger contracted for Cat J drilling & well services
(1/18/2017) Statoil has contracted integrated drilling and well services on the Cat J drilling rigs Askepott and Askeladden for Oseberg and Gullfaks Field work...

NZOG ups stake in Cue Energy to 50.01%
(1/17/2017) New Zealand Oil & Gas has secured a 50.01% holding in its subsidiary, Cue Energy Resources, that increases its production and exploration...
Plan approved for development & operation of Utgard & Byrding Fields
(1/17/2017) The plan for development and operation of the Utgard and Byrding Fields in the North Sea has been approved by the Norwegian Petroleum Directorate...

FPSO Armada Kraken being readied for UK North Sea deployment
(1/17/2017) The Armada Kraken floating production, storage, and offloading vessel is currently in Rotterdam for inspection and certification and is expected to sail...

Cairn gearing up for Senegal exploration & appraisal drilling
(1/17/2017) Cairn Energy has advised that it will shortly commence this year's drilling program offshore Senegal with further exploration and appraisal wells...

West Phoenix wins another West of Shetland contract
(1/17/2017) North Atlantic Drilling has been awarded a one-well contract for its semisubmersible drilling rig West Phoenix for work in the UK North Sea...

Norway offers 56 licenses in APA 2016 round
(1/17/2017) The Norwegian Petroleum Directorate has offered 56 production licenses on the Norwegian Continental Shelf to 29 of the 33 applying companies...

Tullow scores oil discovery with Erut-1 well in Kenya
(1/17/2017) Tullow Oil has reported its Erut-1 exploration well in Block 13T in northern Kenya has discovered a gross oil interval of 55 meters with 25 meters pay...

NextDecade leasing Texas City Shoal Point site for LNG export facility
(1/17/2017) NextDecade has signed lease agreements with the State of Texas and Texas City for a 1,000-acre site at Shoal Point for potential development...
ExxonMobil doubling Permian Basin resource with New Mexico buy
(1/17/2017) ExxonMobil will more than double its Permian Basin resource to 6 billion boe with acquisition of Bass-owned companies in the Delaware Basin...

CNOOC puts South China Sea Enping 23-1 oilfields onstream
(1/17/2017) The CNOOC Limited operating unit of China National Offshore Oil Corporation has commenced production at its Enping 23-1 oilfields...

Statoil's Cape Vulture a North Sea oil & gas discovery
(1/17/2017) Statoil has reported achieving an oil and gas discovery in the Norwegian Sea near the Norne Field in PL128, with its Cape Vulture exploration well...

Shell completes drilling & abandons Nova Scotia Monterey Jack well
(1/16/2017) The Canada-Nova Scotia Offshore Petroleum Board has reported Royal Dutch Shell has concluded its drilling of the Monterey Jack exploration well...

LLOG takes over operation of US Gulf Buckskin Project
(1/16/2017) LLOG Exploration has taken over Repsol's operation of the deepwater US Gulf of Mexico Buckskin-Moccasin Field development in Keathley Canyon...

Joint Inpex & Adnoc Satah & Umm Al Dalkh development extended
(1/16/2017) Inpex has reported the duration of its joint with Abu Dhabi National Oil Company) has been agreed in principle to be extended another 25 years...

Subsea 7's PLSV contract with Petrobras cancelled
(1/16/2017) Subsea 7 has revealed its contract with Petroleo Brasileiro was cancelled today a year before it was to expire, reducing the backlog by US$106 million...

Noble Energy is acquiring Clayton Williams Energy for $2.7 billion
(1/16/2017) Noble Energy is purchasing Clayton Williams Energy following unanimous approvals by the respective boards, for US$2.7 billion in stock and cash...
Renaissance joins Lukoil & Marak in Mexico's Amatitlan Block
(1/16/2017) Renaissance Oil has entered into an agreement with Lukoil and Marak Capital to acquire an indirect 25% interest in the Amatitlan Block...

ACE Winches secures spooling contract with Oceaneering
(1/16/2017) ACE Winches has secured a spooling contract with Oceaneering for Shell's Prelude Floating Liquefied Natural Gas Project offshore Western Australia...

Quadrant concludes Phoenix South-2 off Western Australia
(1/16/2017) Carnarvon Petroleum has reports that operations at the Quadrant Energy-operated Phoenix South-2 well have been safely and positively completed...

YPF Bolivia & YPF Argentina link for Bolivian exploration
(1/16/2017) Yacimientos Petrolíferos Fiscales Bolivianos and Yacimientos Petrolíferos Fiscales Argentina have agreed to jointly explore Bolivia's Charagua area...

Hurricane drilling Halifax test well in UK North Sea
(1/16/2017) Hurricane Energy has spudded its Halifax well in the UK North Sea following its Lancaster well with Transocean Spitsbergen semisubmersible...

Parsley adds adjacent Midland & Delaware Basin acreage
(1/16/2017) Parsley Energy has agreed to acquire, in unrelated transactions, undeveloped and producing properties adjacent to its existing Texas operations...

Oryx sidetracks Zey Gawra production well in Kurd Iraq
(1/16/2017) Oryx Petroleum has sidetracked its Zey Gawra-1 development well on the Zey Gawra Field in the Hawler license area of the Kurdistan Region of Iraq...

Anadarko selling Eagleford Shale assets to Sanchez & Blackstone
(1/16/2017) Anadarko Petroleum has revealed it has agreed to sell its Eagleford Shale assets in South Texas for approximately US$2.3 billion subject to closing...

US working rotary rig count falls 6 rigs
(1/16/2017) Baker Hughes has reported that six rigs were idled last week in the active US rig fleet to lower the total working rigs to nine rigs more than last year...

December international rig count up 4 from November
(1/16/2017) Baker Hughes has reported the international rig count for December was up four rigs from the count in November and down 166 from December 2015...

BP picks Samsung to build FPU for US Gulf Mad Dog II
(1/6/2017) BP has revealed its award of a US$1.27 billion contract to Samsung Heavy Industries for construction of a floating production unit for Mad Dog Field...

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

What now for the US oil & Gas industry under President Trump?

Dev George
Managing Editor

No one knows what newly elected Donald Trump will do when he assumes the office of President of the United States in January, particularly in regard to the oil and gas industry - at this point, it is highly unlikely that Trump himself knows, since he has staked out virtually no positions on the key issues affecting the industry until now...⇒⇒⇒

Latest Editorials
Oil/Gas Prices & Analysis
MLK holiday trade light & mixed

(1/16/2017) Traders at the London Intercontinental Exchange (ICE) and the New York Mercantile Exchange (Nymex) took the day off in honor of Martin Luther King Jr Day in the United States but electronic trade produced light, mixed results for the day...⇒⇒⇒
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