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Latest Headlines

OPEC cutting crude output for 1st time since 2008
The Organization of Petroleum Exporting Countries has agreed to reduce its crude oil production a total of 1.2 million b/d to 32.5 million b/d...

Joint ExxonMobil & Rosneft development in US Gulf cancelled
(12/2/2016) Russia's Interfax News Agency has reported that Rosneft has indicated it and ExxonMobil have decided not to proceed with their joint development...

One fatality in fire on Eni's Foukanda platform offshore Congo
(12/2/2016) Ente Nazionale Idrocarburi has reported a fire swept its Foukanda platform offshore the Republic of Congo yesterday taking the life of a crewmember...
Subsea 7 wins Woodside Greater Western Flank Phase 2 contract
(12/2/2016) Subsea 7 has been awarded a sizeable contract by Woodside Energy for the Greater Western Flank Phase 2 Project, offshore Western Australia...

US working rotary rig count rises 4 rigs this week
(12/2/2016) Baker Hughes has reported that four rigs joined the active US rig fleet during this week during this week to take the total of working rigs to 597...

Prospex's onshore Poland exploration well plan approved
(12/2/2016) Prospex Oil & Gas has advised that the drilling plan for the Boleslaw-1 exploration well onshore Poland in the Kolo Block has been approved...

HNZ-PHI JV to provide helicopter service for Ichthys LNG Project
(12/2/2016) HNZ Group has entered into a joint venture with PHI to provide offshore helicopter transportation services for the Inpex-led Ichthys LNG Project...

GeoPark acquisition of Peru's Morona Block given regulatory approval
(12/2/2016) GeoPark has obtained final regulatory approval for its acquisition of 75% operating interest of the onshore Morona Block, from Petroleos del Peru...

Senex kicks off South Australia Cooper Basin drilling program
(12/2/2016) Senex Energy has commenced its FY17 oil and gas drilling program in South Australia's Cooper Basin with a multi-well oil-targeted campaign...

Statoil starts production drilling on UK North Sea Mariner Field
(12/2/2016) Statoil has advised that production drilling has begun at its operated Mariner Field in the UK North Sea on the East Shetland Platform...

Ecopetrol to drill first offshore well in Colombian Caribbean Sea
(12/1/2016) Colombia's Agencia Nacional de Hidrocarburos has reported the national oil company Empresa Colombiana de Petroleos will be drilling its first offshore well...

Hoegh LNG Partners acquiring stake in FSRU Hoegh Grace
(12/1/2016) Hoegh LNG Partners has agreed to acquire a 51% interest in Hoegh LNG Colombia, owner of Hoegh LNG FSRU IV and Hoegh LNG Colombia...

$4 billion Jubail maritime complex launched in Saudi Arabia
(12/1/2016) Groundbreaking for the giant King Salman International Maritime Complex occurred today at the site near Jubail in Saudi Arabia's Eastern Province...

US Energy Dept authorizes non-FTA exports by Magnolia LNG
(12/1/2016) The US Department of Energy has authorized Magnolia LNG to export liquefied natural gas from the proposed facility in Lake Charles, Louisiana...

Royale Energy acquiring Matrix Oil Management
(12/1/2016) Royale Energy is acquiring substantially all of Matrix Oil Management and several of its affiliates in exchange for common stock and assumption of debt...
BP approves Mad Dog Phase 2 in deepwater US Gulf of Mexico
(12/1/2016) BP has sanctioned Phase 2 of its Mad Dog Field development in the US Gulf of Mexico offshore Louisiana in Green Canyon Block 780...

Cluff's North Sea Zechstein Prospects up prospective resources to 636 bcf
(12/1/2016) Cluff Natural Resources has a significant increase in its P50 prospective resources due to technical work focused on the Zechstein Prospects...

India to invest $20 billion in gasfield development
(12/1/2016) India's Minister of Petroleum and Natural Resources Dharmendra Pradhan has revealed that the government will invest approximately US$20 billion...

Melbana granted offshore Western Australia permit extension
(12/1/2016) Melbana Energy received National Offshore Petroleum Titles Administrator approval of its application to vary the WA-488-P work program by extension...

CGG delivers final PreSDM 3D MC data sets for Gabon South Basin
(12/1/2016) CGG has advised the final processed depth volumes from its recent 3D BroadSeis multi-client survey in Gabon's South Basin are now available...

Energy Hunter acquiring Texas Midland Basin producing properties
(12/1/2016) Energy Hunter Resources has agreed to acquire an undivided ownership interest in certain oil producing properties located in Reagan County, Texas...
Hyperdynamics lines up Pacific Bora drillship for Guinea exploration well
(11/30/2016) Hyperdynamics has signed a definitive drilling services contract with a subsidiary of Pacific Drilling to engage the Pacific Bora drillship...

Santos shooting 1st phase of Southern Amadeus 2D seismic
(11/30/2016) Santos has commenced the first part of its seismic acquisition program by acquiring over 1,000 km of 2D seismic in Australia's Northern Territory permits...

Beach plugging & abandoning Penneshaw-1 in South Australia
(11/30/2016) Cooper Energy has reported the Penneshaw-1 oil exploration well in PRL87 in the Cooper Basin, South Australia, is being plugged and abandoned...

Centrica selling Trinidad gas interests to Shell
(11/30/2016) Centrica has agreed to sell its remaining portfolio of gas assets in Trinidad and Tobago to Shell Exploration & Production for approximately US$30 million...

Saudi Arabia agrees to cut output 500,000 b/d to 10.06 million b/d
(11/30/2016) Saudi Arabia has agreed to reduce its total oil production by 500,000 b/d at today's Organization of Petroleum Exporting Countries meeting in Vienna...
Krewe buys Hilcorp's West Little Lake Field in Louisiana
(11/30/2016) Krewe Energy has acquired the West Little Lake Field in Jefferson Parish, Louisiana from Hilcorp Energy to provide core area operational synergies...

Baker Hughes-led JV forms land pressure pumping company
(11/30/2016) Baker Hughes has revealed that it, CSl capital Management, and the Goldlman Sachs' West Street Energy Partners have agreed to establish...

Oda Field PDO submitted to Norwegian Ministry of Petroleum & Energy
(11/30/2016) Centrica Norge and partners in the Oda Field license and block have submitted the plan for its development and operation for approval...

Baron updates prospective resource estimates in Peru blocks
(11/30/2016) Baron Oil has reported its latest estimates of unrisked prospective resources for Blocks Z34 and XXI in Peru, carried out by in-house...

Northern Petroleum sells asset interests to High Power Petroleum
(11/30/2016) Northern Petroleum has agreed to divest interests in its assets to High Power Petroleum for a cash consideration and well stimulation services...

Greka contracted by PetroChina for Shanxi CBM drilling
(11/30/2016) Greka Drilling has announced a new contract to provide coalbed methane drilling services to PetroChina Huabei Oilfield in China's Fanzhuang Block...

Schlumberger inks oilfield study with Iran
(11/29/2016) Schlumberger has signed an agreement with National Iranian Oil Company for a formations study in the Shadegan, Parsi, and Rag-e Sefid Fields...

Africa Energy farms into offshore Namibia block with Pancontinental
(11/29/2016) Africa Energy has entered into a farmout agreement with Pancontinental Oil & Gas pursuant to which it will acquire interest in Block EL0037 off Namibia...

Mexico chooses 17 companies to bid for deepwater concessions
(11/29/2016) Mexico's Comision Nacional de Hidrocarburos has selected 17 international oil companies to compete in its initial deepwater bidding round...

Providence lines up Stena IceMAX drillship for Ireland project
(11/29/2016) Providence Resources has signed a contract with Stena Drillmax Ice Limited for use of its Stena IceMAX drillship at its FEL2/14 drilling project...

Nostra Terra buys pre-empted Pine Mills Field in Texas
(11/29/2016) Nostra Terra Oil & Gas has acquired an 80% interest in the Pine Mills Field in Wood County, Texas after GFP Texas exercised pre-emption rights...

GustoMSC launches new Scylax drillship design
(11/29/2016) GustoMSC has introduced its new Scylax drillship designed to make developments available in the mid to deepwater market at reduced costs...

Statoil looking at Bay du Nord development options off Newfoundland
(11/29/2016) Statoil has called for expressions of interest for a subsea and marine study for development options for its Bay du Nord discovery in the Flemish Pass...

Kuwait Oil adds Roxar RMS for detailed reservoir models
(11/29/2016) Emerson Automation Solutions has supplied its Roxar RMS reservoir modeling software to Kuwait Oil Company for accurate reservoir models...

Energean wins exploitation license for West Katakolon Block off Greece
(11/29/2016) The Greek Ministry of Energy and Energean Oil & Gas have agreed to conversion of the exploration license for the West Katakolon Field...

Jacobs scores Shell FEED contract for US Gulf Vito platform
(11/29/2016) Jacobs Engineering has been contracted by Shell Offshore for its Vito host project in the deepwater US Gulf of Mexico Mississippi Canyon Block 984...

Northern Blizzard sells Saskatchewan Viking light oil assets
(11/29/2016) Northern Blizzard Resources has completed the sale of certain non-core Viking light-oil assets in the Coleville area of Saskatchewan for C$58 million...

Latest HampsonRussell reservoir characterization software released
(11/29/2016) CGG GeoSoftware has released a new version of its HampsonRussell reservoir characterization software with new features for attribute extraction...

Eni to selldown stake in Egypt's giant Zohr gasfield
(11/29/2016) Ente Nazionale Idrocarburi has revealed it is currently negotiating the sale of another 35% interest in the giant Zohr gasfield in the Egyptian Mediterranean...

 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
Prices leap average $3.75/bbl on OPEC production cut pact

(12/1/2016) Yesterday's surge in crude prices continued today as traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) reacted to the agreement by members of the Organization of Petroleum Exporting Countries (OPEC) to restrict their output by a total of 1.2 million b/d ...⇒⇒⇒
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