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Latest Headlines

OPEC agrees to cut oil output 1st time since 2008
In an unexpected move today at the meeting in Algiers of the Organization of Petroleum Exporting Countries and non-OPEC producers, the cartel agreed...

Petrobangla calls for expressions of interest in Bay of Bengal blocks
(9/30/2016) Bangladesh's state-owned Petrobangla has invited international oil companies to submit expressions of interest to bid for deepwater blocks...

Saka Energi makes 300 million bbl discovery off East Java
(9/30/2016) The Saka Energi Indonesia unit of Perusahaan Gas Negara has discovered a 300-million bbl oil reserve in Indonesia's East Java Ujung Pangkah Block...

Lundin taps down Barents Sea Alta discovery appraisal well
(9/30/2016) Lundin Petroleum's subsidiary Lundin Norway has successfully completed the drilling and testing of the re-entry of appraisal well Alta-3 offshore Norway...

Lamprell delivers new jackup rig to Shelf Drilling
(9/30/2016) Lamprell has completed construction of the Shelf Chaophraya jackup drilling rig at its Sharjah, UAE yard and has delivered the rig to its owner...
MISC's MaMPU 1 FPSO sails for Sarawak's Anjung Kecil Field
(9/30/2016) MISC Berhad celebrated the sailaway today of its Marginal Marine Production Unit floating production, storage, and offloading vessel...

Premier selling stake in Bagpuss to Reach Halibut Limited
(9/30/2016) North Sea Energy has reported that Premier Oil UK has informed the Bagpuss joint-venture partnership that it is resigning as operator...

Borgsten Dolphin in early termination by Total
(9/30/2016) Dolphin Drilling, a subsidiary of Fred. Olsen Energy, has entered into an early termination agreement with Total E&P UK for the tender support vessel...

NYK takes 25% ownership of Emas Chiyoda Subsea
(9/29/2016) Nippon Yusen Kabushiki Kaisha has acquired a 25% interest in Emas Chiyoda Subsea in an agreement with owners Ezra and Chiyoda...

Gazprom planning 3rd LNG train at Sakhalin 2
(9/29/2016) Gazprom has revealed that it is planning to have a third liquefied natural gas (LNG) production train onstream at the Sakhalin 2 plant in 2021...

OMV to drill 12 wells in Weinviertel, Austria in 2017
(9/29/2016) Osterreichischen Mineralolverwaltung is dramatically increasing its investment in Austrian oil and gas production and development...

Second Nigeria pipeline sabotage this month by NDGJM
(9/29/2016) The Unenurhie-Evwreni pipeline in Nigeria's Ughelli area was bombed just after midnight today by the Niger Delta Greenland Justice Mandate...
Dresser-Rand delivers power plant for Shell Appomattox platform
(9/29/2016) Dresser-Rand has delivered power generation equipment for a combined cycle power plant for Shell's deepwater US Gulf of Mexico Appomattox platform...

Maersk drilling 1st production well on UK Culzean Field
(9/29/2016) Maersk Oil has commenced drilling operations on the first of six production wells scheduled for the company-operated Culzean Field in the UK North Sea...

Oilex prepping to drill new Cambay well onshore Gujarat, India
(9/29/2016) Oilex Ltd is in the final stages of planning a vertical well in the Cambay Block onshore Gujarat, India to obtain core samples for the EP-IV zone...

President bringing Argentina Dos Puntitas well onstream
(9//29/2016) President Energy is on target to reach full production during the first half of October at its Salta, Argentina Puesto Guardian Block Dos Puntitas Field...

Origin frack of Amungee exploration well successful
(9/29/2016) Falcon Oil & Gas has reported successful hydraulic stimulation of the Amungee NW-1H well in Australia's Northern Territory Beetaloo Basin...

Turkmennebit passes halfway point in ultra-deep Uzynada exploration well
(9/28/2016) The national oil company of Turkmenistan, Turkmennebit, is drilling the country's first ultra-deep exploration well, Uzynada-07 in the southwest...

DNV GL issues new air gap guidelines for semisubmersible rigs
(9/28/2016) As a result of the fatal incident involving the drilling rig COSLInnovator, a new technical guideline has been issued by DNV GL regarding a safe air gap...

Pemex stake in Trion deepwater JV to be reduced
(9/28/2016) Mexico's Comision Nacional de Hidrocarburos has agreed to modify the joint venture terms for the Perdido deepwater Trion Field in the Gulf of Mexico...

Terra Nova adds to interest in South Australia PELs
(9/28/2016) Terra Nova Energy has entered into an agreement with Perseville Investing to acquire its interest in PELs 112 and 444 in South Australia's Cooper Basin...

Canadian government approves Pacific NorthWest LNG Project
(9/28/2016) Canada's Federal Cabinet has decided to approve the $11 billion Pacific NorthWest LNG Project after a rigorous federal environmental assessment...

Douglas-Westwood sees 1st decline in onshore oil production since 2009
(9/28/2016) Analyst Douglas-Westwood has advised in its new quarterly update that the first decline in onshore oil production since 2009 is in the offing...

Energy Hunter acquiring Texas Permian Basin mineral rights
(9/28/2016) Energy Hunter Resources has entered into an agreement to acquire mineral rights on 320 gross acres located in Howard County, Texas...
GM Deep Sea Mooring secures contract for Ivar Aasen Field
(9/28/2016) Global Maritime Deep Sea Mooring has been contracted by Det Norske Oljeselskap to support the accommodation rig on Ivar Aasen Field...

Karoon Gas acquires Pacific interest in Brazil's Santos Basin blocks
(9/28/2016) Karoon Gas Australia has concluded an agreement to acquire Pacific Exploration & Production's 35% interest in five jointly held blocks...

Arbitration of Timor Leste & Australia marine boundary begins
(9/27/2016) The Permanent Court of Arbitration in the Hague, Netherlands has commenced the compulsory arbitration between Timor Leste and Australia...

Savannah gearing up to drill 1st exploration well in Niger Block R3
(9/27/2016) Savannah Petroleum has advised it anticipates commencing its exploration drilling campaign in Niger following the completion of the seismic survey...

Schlumberger launches GeoTesting at Dubai SPE Tech Conference
(9/27/2016) Today at the SPE Annual Technical Conference in Dubai, Schlumberger launched its new geology-based well test design and interpretation services...

Centrica & QPI exiting Canada & selling all Canadian assets
(9/27/2016) Centrica and Qatar Petroleum International are selling all of their jointly held oil and gas assets in Canada and are exiting operations in the country...

BP & Egypt's Petroleum Ministry amend concession agreements
(9/27/2016) BP has amended its concession agreements for Egypt's Temsah, Ras El Barr, and Nile Delta Offshore Blocks with Egypt's Ministry of Petroleum...

Zarghun South development well spudded in Baluchistan
(9/27/2016) Mari Petroleum, operator of the Zarghun South gasfield in Pakistan's Baluchistan Province's Zargun South Block, has commenced drilling...

Perpetual selling eastern Alberta shallow gas properties
(9/27/2016) Perpetual Energy has agreed to sell a large percentage of its high liability mature shallow gas properties in east central and northeast Alberta, Canada...
Wison completes performance test of world's first FLNG
(9/27/2016) Wison Offshore & Marine has advised that the first natural gas floating liquefaction unit has successfully completed its performance test...

Four confirmed killed in Chevron crew copter crash offshore Angola
(9/27/2016) Chevron has reported a crew transfer helicopter has crashed into the sea enroute to the company's Tombua-Landana platform with six personal aboard...

Statoil canceling West Epsilon jackup drilling contract early
(9/27/2016) Statoil has decided to cancel the final phase of the contract with North Atlantic Drilling for the West Epsilon jackup drilling rig currently on Hulda Field...

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

Time to revise thinking on climate change

Dev George
Managing Editor

We've dissembled long enough on the issue of climate change. There can be no doubt that the world is facing its greatest challenge with ever-increasing extreme weather, growing temperatures, and rising oceans threatening the lives and livelihoods of people around the planet and that the primary cause of this dramatic transformation in global weather and temperature is the production of carbon dioxide and other greenhouse gases...⇒⇒⇒
Latest Editorials
Oil/Gas Prices & Analysis
Oil prices surge on OPEC agreement in Algiers

(9/28/2016) The Organization of Petroleum Exporting Countries (OPEC) sent prices at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) soaring with its unexpected agreement at the Algiers International Energy Forum today to curtail production and thereby support prices at the cartel's November policy meeting in Vienna....⇒⇒⇒
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