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Latest Headlines

Eni lines up Barents Sea Bone Prospect drilling at yearend
Ente Nazionale Idrocarburi's Norwegian subsidiary Eni Norge has scheduled the drilling of a wildcat well in the Norwegian Barents Sea..

EMGS to shoot pre-funded Barents Sea Hoop 3D EM survey
(8/26/2016) Electromagnetic Geoservices has concluded a data licensing agreement with a repeat customer for 3D EM data to be acquired over the Hoop area...

Tropical storms surge toward US Gulf, some evacuations underway
(8/26/2016) The US National Hurricane Center has advised that a weak low pressure area has formed off Cuba's northeastern coast that has a 20% chance...

Blackstone pegs $1.5 billion for Texas & New Mexico Permian Basin
(8/26/2016) Blackstone Energy Partners is investing US$1.5 billion in the West Texas and New Mexico Permian Basin via Jetta Permian and Guidon Energy...
Canada's West Orphan Basin holds 25.5 billion bbl oil, 20.6 Tcf gas
(8/26/2016) The Government of Newfoundland and Labrador, Nalcor Energy, and Beicip-Franlab have assessed the in place oil and gas resource potential...

Pan Orient set to drill 2 exploration wells onshore Indonesia
(8/26/2016) Pan Orient Energy has reported preparing to carry out the drilling of two exploration wells at its Batu Gajah and East Jabung Blocks in Indonesia...

US working rotary rig count down 2 rigs this week
(8/26/2016) Baker Hughes has reported two rigs were idled in the working rig fleet in the United States this week dropping the number to 388 rigs less than last year...

Yemen Houthi rebels fire missiles at Saudi Aramco facilities
(8/26/2016) Although neither the Saudi Arabian government nor Saudi Aramco have confirmed them, local reports say Yemen rebels fired ballistic missiles...

Renaissance acquires 4th development block in Mexico
(8/26/2016) Renaissance Oil has entered into a license contract for the development of the Ponton Block in the state of Veracruz, Mexico, its fourth Mexican property...

Vaalco's Avouma 2-H back onstream offshore Gabon
(8/26/2016) Vaalco Energy has advised that its Avouma 2-H well on the Avouma Platform offshore Gabon in the Etame Marin Permit has resumed production...

Statoil's Njord A platform towed to Kvaerner Stord for renovation
(8/26/2016) Statoil has reported that its Njord A platform has been towed to the Kvaerner Stord Yard where it will prepared for production beyond 2030...

Sound Energy drilling 2nd Tendrara well onshore Morocco
(8/26/2016) Sound Energy has begun drilling an appraisal/development well at its Tendrara Block onshore eastern Morocco following the successful first well...

BW providing FSRU for Pakistan's GasPort terminal
(8/25/2016) BW Group has signed a 15-year agreement with Pakistan GasPort Limited to provide LNG regasification services utilizing a newbuild regasification unit...

Lucas Energy's CATI subsidiary buying into Lonestar Eagle Ford wells
(8/25/2016) Lucas Energy has reported its subsidiary CATI Operating has concluded a joint operating agreement with Lonestar Resources to participate in its assets...
Russia on target for record oil production this year
(8/25/2016) Rossiya Segodnya International Information Agency has advised in its latest half-year forecast that Russia will achieve record oil production in 2016...

NIOC set to start 2nd phase of Sea of Oman gas exploration
(8/25/2016) The National Iranian Oil Company is set to launch the second phase of its gas exploration program in the Sea of Oman following a successful first phase...
Amazing Energy acquires Jilpetco, workover rigs & drilling rig
(8/25/2016) Amazing Energy Oil & Gas has concluded its acquisition of Texas operator Jilpetco and associated equipment, including workover and drilling rigs...

NPD gives permission for Gullfaks B platform for life of field
(8/25/2016) The Norwegian Petroleum Directorate has given the go-ahead for using the B platform on the Gullfaks Field in the Norwegian North Sea until 2036...

Foresight takes delivery of 2 jackups from Cosco Dalian Yard
(8/25/2016) The Dalian Shipyard unit of China Ocean Shipping Company has delivered two jackup drilling rigs to the Foresight Group via rig manager Hallworthy...

Norske Shell takes on operation of Knarr & Gaupe off Norway
(8/25/2016) The Norwegian Petroleum Safety Authority has given the Norske Shell unit of Royal Dutch Shell consent to use facilities of the Knarr and Gaupe Fields...

Mexico's CNH qualifies 26 bidders for December deepwater auction
(8/25/2016) The Mexican government industry regulator Comision Nacional de Hidrocarburos has qualified 26 companies to participate in the deepwater round...

Maersk Gallant drills to record deepest well on Norwegian Shelf
(8/25/2016) Maersk Drilling's jackup drilling rig Maersk Gallant has achieved the record for the deepest well ever drilled on the Norwegian Continental Shelf...

Repsol given go-ahead to remove Yme MOPU
(8/25/2016) The Norwegian Petroleum Safety Authority has given Repsol Norge its consent for the removal of the Yme mobile offshore production unit...

Beach Energy strikes oil with Callawonga-12 in South Australia
(8/25/2016) Cooper Energy has reported that operator Beach Energy has encountered oil with its Callawonga-12 development well in the Cooper Basin western flank...

YPF discovers oil and gas in Chachahuan campaign in Argentina
(8/25/2016) Andes Energia has reported that Yacimientos Petroliferos Fiscales Argentina has achieved an oil discovery with its Cerro Redondo x-1 well...

DSME delivers newbuild deepwater drillship to Transocean
(8/24/2016) Daewoo Shipbuilding Marine & Engineering has today delivered the Deepwater Conqueror, a DSME-12000 drillship to Transocean...

US Western Gulf lease sale pulls in $18 million in high bids
(8/24/2016) The US Bureau of Ocean Energy Management has concluded its first live online lease sale today with the Western Gulf of Mexico Lease Sale 248...

OGDCL completes 2 Nashpa producers onshore Pakistan
(8/24/2016) Oil & Gas Development Company Limited and partners have tested and completed development wells Nashpa-6 and -7 in Khyber Pakhtunkhwa...

UK OGA contracts Frogtech, Geoscience Wales, & Geop4ysics
(8/24/2016) The UK Oil & Gas Authority has awarded a contract to Frogtech Geoscience to deliver its SEEBASE product for the UK Government...

Claxton completes Horne & Wren well abandonment in North Sea
(8/24/2016) Claxton has successfully completed well abandonment operations on the Horne and Wren platform in the UK sector of the southern North Sea...

Blackeagle acquires Permian Basin assets from Brazos Rock
(8/24/2016) Blackeagle Energy Services has acquired certain Permian Basin assets in Texas from Brazos Rock to extend its footprint and strengthen its operations...
Sparrows & SapuraKencana to form partnership in Malaysia
(8/24/2016) Sparrows Offshore Services and SapuraKencana Petroleum's Technology unit are forming a partnership to collaborate in the provision of crane services...

Mexico puts 12 onshore blocks on the block for open bids
(8/24/2016) Mexico's government regulator of the petroleum industry, Comision Nacional de Hidrocarburos, has launched Round 2.2 with 12 onshore blocks...

Canacol's Nispero-1 gas discovery in Colombia tests 28 million cf/d
(8/24/2016) Canacol Energy has advised that its Nispero-1 gas discovery in the Esperanza Block in Colombia's Lower Magdalena Valley Basin was spudded...

Statoil puts Fram C East onstream to Troll C platform
(8/24/2016) Statoil has commenced production from the Fram C East marginal field in the Norwegian sector of the North Sea via a tie-back to the Troll C platform...

Africa Geophysical shooting 2D survey over Kenya Block 2A
(8/24/2016) Essel Group Middle East and Simba Energy have reported that the 2D seismic survey over Block 2A in Wajir, Kenya is getting underway...

 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
Prices climb higher on fears of military tensions in Persian Gulf

(8/25/2016) Traders at the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) were scrambling to buy crude futures today as it appears military tensions have increased in the Persian Gulf between Saudi Arabia and Iran as their surrogates battle in Yemen and after US Navy vessels were harassed by Iranian ships in the Gulf....⇒⇒⇒
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