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Latest Headlines

Lukoil & Inpex score oil discovery in southern Iraq
(2/22/2017) The Lukoil Overseas subsidiary of Lukoil and partner Inpex have achieved an oil discovery with their first exploration well in Iraq's Euphrates Valley...

Brazil cutting local content requirements in half
(2/23/2017) Brazil's Ministry of Mines and Energy is relaxing local content requirements for petroleum industry projects, including exploration and development...

Mercator sells FPU Virini Prem to Oriental Resources
(2/23/2017) Mercator Offshore has reported selling its floating production unit Virini Prem to Oriental Resources for approximately US$76 million...

Higher US drilling boosting US crude oil production
(2/23/2017) The US Energy Information Administration has reported that US crude oil production increased for the second consecutive month in November 2016...

Quadrant prepping to drill Dorado-1 off Western Australia
(2/23/2017) Carnarvon Petroleum has reported that preparations are underway for the drilling of the Dorado-1 exploration well offshore Western Australia...

Virtus buying 3 producing properties in SE Utah
(2/23/2017) Virtus Oil & Gas has signed a letter of intent to acquire three properties in southeastern Utah from private sellers with reserves of 2 million bbl oil...
WildHorse adds 10,535 acres to Texas Eagle Ford acreage
(2/23/2017) WildHorse Resource Development Corporation has agreed to purchase producing and non-producing Eagle Ford assets in Burleson County, Texas...

New Central US Gulf multi- and wide-azimuth MC seismic reimaging
(2/23/2017) TGS-Nopec Geophysical and Schlumberger are undertaking a new multi- and wide-azimuth reimaging program in the Central US Gulf of Mexico...

Cairn at TD in Senegal's offshore SNE-5 appraisal well
(2/23/2017) Cairn Energy has reached total depth in its SNE-5 appraisal well on the SNE Field offshore Senegal at a depth of 2,852 meters below the mud line...

Blackbird acquiring Alberta Montney rights from Paramount
(2/22/2017) Blackbird Energy has entered a letter of intent with Paramount Resources for the acquisition of Montney rights south of Alberta's Wapita River...

Newfield selling stake in China's Bohai Bay fields
(2/22/2017) Newfield Exploration has revealed reaching an agreement with partners in the concession to sell its interests in the Caofedian fields in China's Bohai Bay...

iSURVEY to provide rig positioning & surveying for Shell
(2/22/2017) iSURVEY has secured a non-exclusive contract with Shell UK Ltd, Shell NAM, Norske Shell, and Shell E&P Ireland for rig positioning and surveying...
ACREP drilling Namibia's Etosha Basin at Kavango West
(2/22/2017) ACREP-Exploracao Petrolifera has begun oil exploration operations in the areas of Gava and Sikarosompo in Kavango West onshore Namibia...

Blowout in Oklahoma's Coal County under control
(2/22/2017) The Coal County, Oklahoma Office of Emergency Management has reported the blowout of an oilwell being drilled north of Centrahoma...
Aker BP to tie Norwegian Sea Snadd discovery to Skarv FPSO
(2/22/2017) Aker BP is finalizing its development plan for its Snadd discoveries via tie-back to the Skarv floating production, storage, and offloading vessel...

Panoro sells stake in Gabon's offshore Dussafu Block
(2/22/2017) Panoro Energy's subsidiary, Pan-Petroleum Gabon, has entered into a definitive sale and purchase agreement with BW Offshore's Gabon unit...

Zhenhua Oil buying Chevron's Bangladesh gasfields for $2 billion
(2/22/2017) China North Industries Corporation subsidiary Zhenhua Oil has concluded a preliminary agreement with Chevron to purchase its natural gas fields...

TechnipFMC exercises option to acquire Sevan's stake in Kanfa
(2/22/2017) Sevan Marine has revealed that TechnipFMC has advised that it will be exercising its option to purchase the 51% ownership of the Kanfa...
NZOG pegs Barque Prospect at 11 Tcf gas, 1.5 billion bbl liquids
(2/21/2017) New Zealand Oil & Gas' analysis of the Barque Prospect offshore New Zealand in the Canterbury Basin, has found considerably more potential...

Gazpromneft contracts Hakuryu 5 semisub for Sakhalin drilling
(2/21/2017) Japan Drilling Company's semisubmersible drilling rig Hakuryu-5 has been contracted for drilling operations on Russia's shelf in the Sea of Okhotsk...

President Energy starts workovers in Argentina's Puesto Guardian
(2/21/2017) President Energy has advised that it has commenced the planned workover program at its Puesto Guardian Concession in Argentina's Salta Province...

Norway's PSA finds regulations violations in Troll Field well control incident
(2/21/2017) Statoil has been issued an order following the Norwegian Petroleum Safety Authority investigation into a serious well control incident on the Troll Field...

Fugro to survey off Kenya for hydrocarbon seeps
(2/21/2017) Fugro has been contracted by Shell's BG Kenya subsidiary to carry out a seabed survey to detect natural leakages of hydrocarbons...

TransGlobe puts Egypt's Red Bed discovery on production
(2/21/2017) TransGlobe Energy's Red Bed discovery with its NWG-38 exploration well in Egypt's NW Gharib Concession has been completed and put on production...

CEFC China takes a stake in Abu Dhabi's ADCO block
(2/21/2017) China Energy Company Limited has obtained a 4% interest in the onshore concession operated by Abu Dhabi Company for Onshore Petroleum Operations...

McDermott adds newbuild vessel for ultra-deepwater & SURF projects
(2/21/2017) McDermott International has acquired the newbuild pipelay and construction vessel Amazon to expand the company technical capabilities...

CGG to operate Brunei Shell seismic processing center
(2/21/2017) CGG has been awarded a six-year contract by Brunei Shell Petroleum to operate a dedicated processing center at its Seria office in Brunei Darussalam...

Black Stone farms out stake in Texas shale play to Canaan
(2/21/2017) Black Stone Minerals has agreed to farmout part of its interest in some 34,000 gross acres of shale play in San Augustine County...
Lake Tanganyika states to cooperate in oil exploration
(2/20/2017) Representatives of the governments of Burundi, the Democratic Republic of Congo, Tanzania, and Zambia have resolved to cooperate in the exploration...

Petronas set to sell up to 49% ownership of offshore Sarawak block
(2/20/2017) Petroliam Nasional is reported to be making preparations for the sale of a large minority interest in a major gas block offshore Eastern Malaysia...

Sound ups stake in Morocco's Tendrara & Meridja exploration areas
(2/20/2017) Sound Energy has entered into binding agreements with Morocco's Oil & Gas Investment Fund for the conditional acquisition of a further 20% interest...

Jacobs-Monadelphous JV receives EPC award from Oil Search PNG
(2/15/2017) Sky-Futures has been awarded a three-year contract to inspect Ente Nazionale Idrocarburi facilities globally utilizing drone-based technology...

Shell reveals LNG supply keeping pace with demand growth
(2/20/2017) Royal Dutch Shell has released its first LNG Outlook to provide a concise accounting of demand and supply of liquefied natural gas around the world...

Total drilling deeper at Antelope-7 in Papua New Guinea
(2/20/2017) InterOil has received word from Total E&P PNG, operator of PRL15 in Papua New Guinea's Gulf Province, that it has determined to drill ahead...

Chevron awarded Carnarvon Basin permit offshore Western Australia
(2/20/2017) Chevron has been awarded Western Australia's release area W16-7 as exploration permit WA-526-P as a result of the cash-bid auction...

Zenith sells Argentine subsidiary and holdings
(2/20/2017) Zenith Energy has revealed its sale of its operations in Argentina to a group of local energy investors and its withdrawal from the country...
KCA Deutag to provide platform drilling on 3 Sakhalin platforms
(2/20/2017) KCA Deutag has been awarded a contract extension by Sakhalin Energy Investment Company for platform drilling services on its three platforms...

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

2017 comes with guarded optimism

Dev George
Managing Editor


Given the mercurial nature of the United States' new chief executive, Donald Trump, it is a challenge to attempt to divine what lies ahead for the petroleum industry under his aegis or, as many have predicted he will delegate decisions affecting the oil and gas industry to those he has chosen as advisors and cabinet members, what they will do to bring the industry in line with Trump's vision for making America great again...⇒⇒⇒

Latest Editorials
Oil/Gas Prices & Analysis
OPEC output cut compliance boosts crude futures

(2/21/2017) Both the New York Mercantile Exchange (Nymex) and London's Intercontinental Exchange (ICE) were closed yesterday, 20 February, for the US Presidents Day holiday, thus most of our monitored benchmarks were left unchanged from the previous trading day (17 February)...⇒⇒⇒
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