Woodside to speed up, add to Scarborough development plans
25 May 2018, 4:45pm
Woodside Petroleum Ltd., Perth, would like to accelerate and increase the breadth of its plans through development of the Scarborough natural gas fields on the Exmouth Plateau offshore Western Australia.  
Read more... (source: www.ogj.com)


Mubadala Petroleum joins Russian venture
25 May 2018, 2:47pm
The oil and gas unit of a major Abu Dhabi wealth fund is planning its first major investment in Russia. Mubadala Petroleum and the Russian Direct Investment Fund will acquire a 49% equity interest in Gazpromneft-Vostok to form a joint venture with Gazprom-Neft for development of oil fields in the Tomsk and Omsk regions. 
Read more... (source: www.ogj.com)


Bassoe: Dude, where’s my offshore drilling rig market M&A?
25 May 2018, 1:47pm
The need for consolidation among offshore rig owners is just as dire as it’s ever been. ...
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National average gasoline prices approach $3 per gallon heading into Memorial Day
25 May 2018, 1:00pm
Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. This year marks the highest price ahead of the Memorial Day weekend since 2014, when the national average price of regular gasoline was $3.67/gal.
Read more... (source: www.eia.gov)


Norway’s Top Oil Drilling Union Agrees To Wage Deal
25 May 2018, 12:55pm
The largest labor union representing workers on Norwegian offshore oil drilling rigs has agreed to a new wage deal, the union said May 25, while a smaller union said it would ask its members to decide whether to accept the deal. Industri Energi, which represents more than 4,000 drilling workers, said in a statement the deal would give a “solid increase” in pay, averting a strike among its members that could have hit exploration efforts later this year. The Norwegian Shipowners’ Association, representing rig owners, said a deal had also been signed with the smaller Safe union.
Read more... (source: www.epmag.com)


Wellesley all set for Serin well
25 May 2018, 12:41pm
Norway's Petroleum Safety Authority has given Wellesley Petroleum its consent to drill an exploration well in the North Sea, using the Transocean Arctic drilling rig.  ...
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ONGC Plans To Quadruple Output From Bay Of Bengal Gas Field
25 May 2018, 12:29pm
India’s state-owned exploration company Oil and Natural Gas Corp. will by early 2019 quadruple the output from an offshore gas block in the Bay of Bengal that it spent $1 billion on in 2017, according to a senior ONGC official. Output from the Deendayal natural gas block off India’s east coast will reach as high as 1 million standard cubic meters per day (MMscm/d) by January 2019, according to Rajesh Kakkar, head of ONGC’s offshore division. ONGC bought the Deendayal Field in 2017 from state-owned company Gujarat State Petroleum Corp. (GSPC) while it was still undergoing test runs for commercial gas production. The increase in production is marginal against India’s total consumption, although Kakkar said the field has a potential to go up to 3 MMcm/d, which would make up about 4% of ONGC’s total output.
Read more... (source: www.epmag.com)


OPEC, Russia Prepared To Raise Oil Output Under US Pressure
25 May 2018, 12:14pm
Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels per day (MMbbl/d), sources said, while OPEC’s chief said a complaint from U.S. President Donald Trump over high prices had triggered the idea of upping output. Riyadh and Moscow are prepared to ease output cuts to calm consumer worries about supply adequacy, their energy ministers said on Friday, with Saudi Arabia's Khalid al-Falih adding that any easing would be gradual so as not to shock the market. Upping production would ease 17 months of strict supply curbs amid concerns that a price rally has gone too far, with oil having hit its highest since late 2014 at $80.50 per barrel this month.
Read more... (source: www.epmag.com)


Brazil Only Gets Bid From Shell For Presalt Oil
25 May 2018, 12:10pm
An auction of oil by the Brazilian government from coveted offshore presalt fields has only attracted the interest of one bidder, Royal Dutch Shell, a person familiar with the matter said on May 24. The auction, scheduled for May 30, is the first time the government will sell its share of oil in the pre-salt, where billions of barrels of crude are trapped beneath a thick layer of salt under the ocean floor. Shell confirmed in a statement that it has registered to bid in the auction.
Read more... (source: www.epmag.com)


Equinor to extend lifetime of Oseberg’s smallest platform
25 May 2018, 12:08pm
Norway's Equinor has been granted consent for continued use of the Oseberg Øst platform located in the North Sea. ...
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Total joins Novatek in $25.5B Arctic LNG 2 project
25 May 2018, 12:08pm
France's Total has agreed to acquire a ten percent stake in Novatek's LNG project to be developed using offshore platforms in northern West Siberia, Russia. ...
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Report: NOCs Stick To Cost-efficient Strategies As Oil Prices Rise
25 May 2018, 12:00pm
Rising oil prices have not caused national oil companies (NOC) to lose sight of the cost-efficient strategies that kept them afloat during the downturn like their non-state-owned counterparts. Many NOCs will continue to spend cautiously as improving oil prices free up cash for more investment, higher production and growing operations outside their borders, according to a report released recently by Moody’s Investors Service. “Even though strategies for each NOC depend on a number of factors such as the relationship with their national governments and prices in local markets, national oil companies overall have strived to cut costs, adjust growth strategies or sell assets as much as non-sponsored private oil companies have done,” Steve Wood, managing director for Moody’s oil and gas team, said in the report. Moody’s took a look at how NOCs responded to falling oil prices and gave thoughts on how their actions—including altered policies and structures—could impact their future moves.
Read more... (source: www.epmag.com)


Study: UK North Sea oil & gas industry ‘turns corner’
25 May 2018, 11:31am
Optimism seems to be back in the UK North Sea oil and gas industry, as a recent study showed local firms now being equally "optimistic about the North Sea and international markets for the first time... ...
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AET scores long-term shuttle tanker charter with Petrobras
25 May 2018, 10:33am
Petroleum tanker owner and operator AET has extended its partnership in the DP2 shuttle tanker sector with the Brazilian oil company Petrobras. ...
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First steel cut for OOS’ semi-submersible crane vessel
25 May 2018, 9:58am
Dutch company OOS International has started construction of a semi-submersible crane vessel (SSCV) OOS Walcheren in China. ...
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Equinor hires Odfjell’s Deepsea Atlantic rig on $160M contract. Pens agreement for more rigs
25 May 2018, 9:10am
Odfjell Drilling has signed a firm contract for its Deepsea Atlantic semi-submersible drilling rig with Equinor - formerly Statoil. ...
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Odfjell: Appetite for offshore drilling rising
25 May 2018, 9:02am
Norwegian offshore drilling specialist Odfjell Drilling sees a better future for the offshore drilling space ...
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Fabricom lands ‘Rough’ work with Centrica
25 May 2018, 8:00am
Construction personnel have now been mobilized on both platforms to undertake a program of work scopes ...
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Repsol preparing for Aruba drilling in June
25 May 2018, 7:05am
Repsol signed a $6.4 million deal to hire the drillship for the Aruba well in March this year ...
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Karoon gets green light for Brazilian development, renames fields
25 May 2018, 6:54am
Karoon Gas has entered the development and production phase for the Echidna and Kangaroo light oil fields located off Brazil, following ANP approval. ...
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Solstad Farstad sheds anchor handling duo
25 May 2018, 6:29am
Solstad Farstad has sold two of its anchor handling tug and supply vessels to an unnamed owner.  ...
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Equinor to add 70 million barrels with three new wells on Fram
25 May 2018, 6:10am
Equinor and its partners are making investments in the Fram field off Norway that will almost double the field's remaining reserves. ...
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Royal IHC to open new office in Croatia
25 May 2018, 5:52am
Royal IHC is creating a new office in Pula, Croatia. ...
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Apache North Sea Donates to Aberdeen Cancer Support Charity
25 May 2018, 12:00am
Cancer support charity Maggie's Aberdeen is set to receive a $100,000 (GBP 75,000) donation from Apache North Sea.
Read more... (source: www.rigzone.com)


India's ONGC To Quadruple Output From Bay Of Bengal Gas Field That Cost $1B
25 May 2018, 12:00am
India's state-owned exploration company Oil and Natural Gas Corp will by early 2019 quadruple the output from an offshore gas block in the Bay of Bengal, according to a senior ONGC official.
Read more... (source: www.rigzone.com)


Repsol Sinopec Resources UK Expects to Shed 70 Jobs
25 May 2018, 12:00am
Repsol Sinopec Resources UK expects to shed around 70 jobs following a consultation process covering its onshore Aberdeen-based organization.
Read more... (source: www.rigzone.com)


Norway's Top Oil Drilling Union Agrees Wage Deal, Smaller Union Undecided
25 May 2018, 12:00am
The largest labour union representing workers on Norwegian offshore oil drilling rigs agrees to a new wage deal.
Read more... (source: www.rigzone.com)


Rosneft Boosts Clout In Iraqi Kurdistan With Gas Pipeline Deal
25 May 2018, 12:00am
Russian state oil major Rosneft signs a deal to help Kurdistan develop its gas reserves and build a gas pipeline.
Read more... (source: www.rigzone.com)


Bristow Secures Contract Extension with Perenco UK
25 May 2018, 12:00am
Industrial aviation service provider Bristow Group Inc. secures a 3-year contract extension with Perenco UK Ltd.
Read more... (source: www.rigzone.com)


FAMILY AFFAIR: Cousins Continue Grandfather's Legacy in Oil Business
25 May 2018, 12:00am
Third-generation oilfield workers share their family history in the business.
Read more... (source: www.rigzone.com)


Baker Hughes: US Drillers Add Most Rigs In Week And Month Since Feb
25 May 2018, 12:00am
US energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad.
Read more... (source: www.rigzone.com)


Saudi Oil Minister Says Aramco IPO Is 'Most Likely' in 2019
25 May 2018, 12:00am
The initial public offering of Saudi Aramco will 'most likely' happen in 2019, the kingdom's oil minister says.
Read more... (source: www.rigzone.com)


Under Pressure From Trump, Saudis Put Brakes on Oil's Rally
25 May 2018, 12:00am
The world's largest oil exporter just made quite a policy swerve.
Read more... (source: www.rigzone.com)


Permian-Based Tech Kicks Produced Water Recycling Up a Notch
25 May 2018, 12:00am
A new and growing challenge for Permian oil and gas companies is handling and disposing of water.
Read more... (source: www.rigzone.com)


LNG Prices Firm On Chinese, South Korean Demand
25 May 2018, 12:00am
Asian spot LNG prices breached the $9 per million British thermal unit (mmBtu) mark this week.
Read more... (source: www.rigzone.com)


S. Korean Refiners Replace Mideast Crudes With US, Africa Supply
25 May 2018, 12:00am
South Korea's purchases of sweet crudes from the United States and Africa are growing as its refiners snap up spot cargoes.
Read more... (source: www.rigzone.com)


Chinese, Others Clamor For Crude Exports, But US Straining Capacity
25 May 2018, 12:00am
The US oil export infrastructure is straining to keep up as the country's crude oil exports hit new highs and China snaps up more of it than ever before.
Read more... (source: www.rigzone.com)


Iran Sanctions and the Oil Market: Three 'What If' Scenarios
25 May 2018, 12:00am
It's unclear whether the US will have company in re-imposing sanctions on Iran.
Read more... (source: www.rigzone.com)


Oil Plunges Most in 11 Months as Saudis Hint Taps Will Open Up
25 May 2018, 12:00am
Oil prices fell the most in 11 months in New York as Saudi Arabia said it expects OPEC and its partners to boost supplies.
Read more... (source: www.rigzone.com)


Shell makes sixth discovery in Norphlet deepwater play
24 May 2018, 5:11pm
Shell Offshore Inc. reported its sixth oil discovery in the Norphlet geologic play in the deepwater US Gulf of Mexico. Drilled to a total vertical depth of 29,000 ft, the Dover well encountered 800 net ft of pay in the Jurrassic Norphlet.  
Read more... (source: www.ogj.com)


OGA reports awards for 30th offshore licensing round
24 May 2018, 4:49pm
The UK Oil & Gas Authority (OGA) has offered for award 123 licenses over 229 blocks or partial blocks to 61 companies in the 30th Offshore Licensing Round. The round was launched on July 25, 2017, and closed for applications on Nov. 21, 2017. Locations vary across the UK Continental Shelf. 
Read more... (source: www.ogj.com)


Most of RAK on offer in licensing round
24 May 2018, 4:17pm
Bids are due in November in an oil and gas licensing round covering most of Ras Al Khaimah, the northernmost member of the United Arab Emirates. The government opened data rooms in the emirate and London last month for seven blocks, four in shallow water and three onshore. The blocks cover 4,340 sq km.
Read more... (source: www.ogj.com)


GDPR: Updated privacy notice
24 May 2018, 2:23pm
GDPR: Updated privacy notice ...
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Shell Hits Pay At Dover In Deepwater US GoM
24 May 2018, 2:14pm
Royal Dutch Shell Plc (NYSE: RDS.A) has made its sixth discovery—Dover—in the U.S. Gulf of Mexico’s (GoM) Norphlet play, hitting more than 244 m (800 ft) of net pay, the company said May 24. Drilled in Mississippi Canyon Block 612 in a water depth of 2,280 m (7,500 ft), the well reached a total vertical drilling depth of 6,780 m (29,000 ft) measured depth. But it is too early for Shell to reveal the estimated size of the discovery as well results are still being evaluated. “Early indications are that this is primarily an oil discovery,” Shell spokeswoman Kimberly Windon told Hart Energy in an emailed statement. “Additional evaluation of the well data must be completed before we can determine the total size and recoverable resource potential across the discovery, but we do anticipate that Dover will be a tieback.”
Read more... (source: www.epmag.com)


Brazil Senate Approves PPSA Sales Of Pre-Salt Oil
24 May 2018, 2:09pm
Brazil’s Senate approved a presidential decree on May 23 allowing state-owned company Pre-sal Petroleo SA, which manages contracts to develop the coveted offshore pre-salt layer, to sell the government’s share of oil and gas from the area.
Read more... (source: www.epmag.com)


Northern Oil & Gas Names CEO, CFO
24 May 2018, 1:57pm
The board of directors of Northern Oil and Gas Inc. (NYSE: NOG) has hired Michael Reger as its CEO and Nicholas O’Grady as CFO, and certain other title changes resulting in the following senior executive team. Other title changes to the company’s senior executive team include Brandon Elliott, president and COO; Erik Romslo, executive vice president, general counsel and secretary; Chad Allen, chief accounting officer; and Adam Dirlam, executive vice president of land.
Read more... (source: www.epmag.com)


Senate Democrats Want Trump To Prod OPEC To Lower Oil Prices
24 May 2018, 1:35pm
U.S. Senate Democrats on May 23 urged President Donald Trump to try to prod OPEC to take steps to lower oil prices and suggested that millions of Americans will see tax cut proceeds canceled out by higher fuel costs. Senate Democratic Leader Charles Schumer held a news conference at a Capitol Hill Exxon station to criticize Trump for not doing more to lower fuel costs and said that gasoline prices had jumped 25% since Trump took office in January 2017. Schumer said Trump’s decision to withdraw from the multinational Iran nuclear deal was a factor in increasing gas prices. He also criticized the administration for planning to rollback fuel economy standards, not doing more to encourage the use of ethanol and for not pushing major oil producing states.
Read more... (source: www.epmag.com)


Permian Basin Activity Highlights: May 2018
24 May 2018, 1:35pm
The Permian Basin remains the premier basin on Earth, according to Bill Marko, managing director of Jefferies LLC. “The Permian is where the action is—everybody in this room knows that,” Marko told attendees of Hart Energy’s DUG Permian conference and exhibition on May 22 in Fort Worth, Texas. Below Hart Energy Activity Editor Larry Prado summarizes recent activity in the Permian including ConocoPhillips Co.’s (NYSE: COP) latest Upper Wolfcamp completions in the Delaware Basin as well as a horizontal Wolfcamp A Midland Basin producer by Parsley Energy Inc. (NYSE: PE).
Read more... (source: www.epmag.com)


Shell strikes oil near Appomattox in Gulf of Mexico
24 May 2018, 1:18pm
Oil find is Shell's sixth in the Norphlet play ...
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Norway’s Wealth Fund Vote Against Shell Climate Target Motion
24 May 2018, 1:17pm
Norway’s $1 trillion wealth fund voted against a motion at Shell’s annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to do so. Long-term investors with $10.4 trillion of assets under management, including banks BNP Paribas and HSBC, had called on Shell to set firm carbon emission targets in line with the 2015 Paris Agreement on climate change. The motion was opposed by 95% of the company’s investors  May 22, including the Norwegian fund, whose spokesman said it believed companies were in a better position to set their own targets.
Read more... (source: www.epmag.com)


PVF, Enegi Oil Sign Garden Hills Farm-In Deal
24 May 2018, 1:10pm
Enegi Oil has entered into non-binding heads of terms with PVF Energy Services under which PVF will farm into production lease 2002-01(A) in western Newfoundland, the company said on May 24. The company anticipates that the head of terms will lead to the parties entering into a definitive agreement within 75 days, subject to all legal and regulatory approvals having been obtained or waived.
Read more... (source: www.epmag.com)


Most U.S. motor gasoline exports go to Mexico
24 May 2018, 1:00pm
More than half of all U.S. motor gasoline exports went to Mexico in 2017. Changes to Mexico's retail gasoline and diesel fuel markets, combined with low utilization of Mexico's petroleum refineries, resulted in increased gasoline imports from the United States. Although Mexico is a relatively large crude oil producer, Mexico relies on imports of gasoline from the United States to meet domestic demand.
Read more... (source: www.eia.gov)


Weatherford Mulls Sale Of Larger Business To Pay Down Debt
24 May 2018, 12:50pm
Oilfield service company Weatherford International Plc (NYSE: WFT) may have to sell one of its larger businesses next year to pay down its sizeable debt, CEO Mark McCollum said May 22. McCollum, who became CEO 14 months ago, has been restructuring operations and selling assets to reduce the firm's about $7.8 billion in debt. Last December, Weatherford sold its U.S. fracking equipment business to rival Schlumberger Ltd. (NYSE: SLB) and currently has several other businesses up for sale. He did not identify which businesses the company was considering selling. It is a major provider of artificial lift gear, equipment used to increase oil and gas production in aging wells.
Read more... (source: www.epmag.com)


EIA: US Crude, Gasoline Inventories Rise Unexpectedly
24 May 2018, 12:15pm
U.S. crude oil stockpiles climbed unexpectedly last week as net imports jumped, while gasoline stocks also posted a surprise build, the Energy Information Administration (EIA) said May 23. Crude inventories rose 5.8 million barrels (bbl) in the week to May 18, compared with analysts' expectations for a decrease of 1.6 million bbl. Inventories rose in part due to a sharp 1.4 million-bbl/d hike in net crude imports. Exports fell 818,000 bbl/d last week to 1.7 million bbl/d, after reaching a weekly record of 2.6 million bbl/d in the previous week.
Read more... (source: www.epmag.com)


Aker Solutions cuts first steel for Wintershall’s Nova project
24 May 2018, 12:03pm
Norwegian oil services company Aker Solutions has started fabrication on Wintershall’s Nova project in the North Sea. ...
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RockRose grows North Sea portfolio with Dutch assets buy
24 May 2018, 10:00am
RockRose Energy is expanding its North Sea portfolio through an acquisition of gas production assets from a Dutch company for about $125 million.  ...
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Petrobras in Sergipe-Alagoas farm-out move
24 May 2018, 8:36am
Brazilian oil company Petrobras is looking to farm-out parts of its ownership in four blocks in located in the Deepwater Sergipe-Alagoas Basin, across an exploration area of 44,370 square kilometers . ...
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ADES secures new loan to pay for three Nabors rigs
24 May 2018, 8:27am
ADES International, a provider of offshore and onshore oil and gas drilling and production services, has secured a new loan from a Saudi bank to finance the acquisition of three jack-ups from Nabors. ...
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EnQuest affirms 2018 production target
24 May 2018, 8:01am
London-listed oil company EnQuest has reaffirmed its 2018 production guidance, following an “in line with expectations” first quarter. ...
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Harvey Gulf emerges from Chapter 11 bankruptcy
24 May 2018, 7:37am
Harvey Gulf has emerged from Chapter 11 bankruptcy, following the receipt of confirmation of its reorganization plan by a U.S. court.  ...
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Pacific Drilling 1Q revenue boosted by Santa Ana drillship work
24 May 2018, 7:07am
Offshore driller Pacific Drilling reported a loss of $96.1 million for the first-quarter of 2018, compared to a net loss of $99.8 million a year ago, and a loss of $129.7 million in the fourth... ...
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Aquaterra Energy managing director becomes group CEO
24 May 2018, 7:04am
The managing director of Aquaterra Energy has become the CEO of its parent company Aquaterra Energy Group. ...
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Europa focuses on maturing Irish prospects to drill-ready status in 2019
24 May 2018, 7:00am
Europa Oil & Gas is working to bring its Inishkea prospects located in the Slyne Basin offshore Ireland to drill-ready status with a target of 2019 while at the same time relinquishing another... ...
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Faroe picks up first new UKCS license in four years
24 May 2018, 6:46am
Faroe Petroleum has been awarded a new prospective exploration license in the UK's 30th Licence Round. ...
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ExxonMobil sets new goals for cutting emissions from its operations
24 May 2018, 6:35am
ExxonMobil is introducing greenhouse gas reduction measures that are expected to lead to a 15 percent decrease in methane emissions and a 25 percent reduction in flaring by 2020. ...
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PJ Valves chosen for FPSOs off UK and Malaysia
24 May 2018, 6:00am
PJ Valves has been awarded two valve supply contracts for floating, production, storage and offloading vessels (FPSOs). ...
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UK: Perenco extends offshore helicopter deal with Bristow
24 May 2018, 5:49am
Offshore helicopter specialist Bristow has been awarded a three-year contract extension from the oil company Perenco UK Ltd. ...
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India's GAIL Turns To Spot And Short-Term LNG Deals
24 May 2018, 12:00am
GAIL (India) has switched its focus to short-term and spot deals for the purchase of LNG.
Read more... (source: www.rigzone.com)


France's Total Takes Stake In Russia's Arctic Gas Project
24 May 2018, 12:00am
Total will buy a 10% stake in a Russian Arctic gas project under a deal struck during Emmanuel Macron's visit to Russia.
Read more... (source: www.rigzone.com)


Vietnam's Nghi Son Refinery Sells First Diesel Batch To Local Market
24 May 2018, 12:00am
Vietnam's Nghi Son Refinery and Petrochemical LLC sells its first batch of diesel to the local market.
Read more... (source: www.rigzone.com)


Sources: Petrobras Pricing Pressure Spooks Potential Refinery Buyers
24 May 2018, 12:00am
A surprise decision by Petrobras to cut diesel prices in response to truckers' protests is worrying some potential buyers.
Read more... (source: www.rigzone.com)


Oil Firms Mop Up Over 220 North Sea Blocks
23 May 2018, 8:08pm
The UK Oil and Gas Authority (OGA) on May 23 awarded 123 licenses to 61 companies to explore for and develop new fields in the North Sea, in the latest sign of confidence in the ageing basin that has enjoyed a revival in recent years. Companies ranging from Royal Dutch Shell (NYSE: RDS.A), BP (NYSE: BP) and Norway’s Equinor (NYSE: EQNR), to smaller independents including Siccar Point Energy, Chrysaor and Premier Oil were awarded 229 blocks covering a total area of 26,659 sq km (10,293 sq miles), the OGA said in a statement.
Read more... (source: www.epmag.com)


Total seeks interest in Block 8 off Cyprus
23 May 2018, 5:24pm
Total is seeking an interest in a block off Cyprus west of where Turkish military vessels in February blocked drilling planned by Eni. Stephane Michel, president, Middle East and North Africa of Total Exploration & Production, told reporters after a meeting with Cypriot President Nicos Anastasiades that the company had applied for an interest in Block 8.
Read more... (source: www.ogj.com)


The United States is a net energy importer from Canada
23 May 2018, 1:00pm
Canada is the largest energy trading partner of the United States, based on the combined value of energy exports and imports. Although the value of bilateral energy trade with Canada has varied over the past decade, driven primarily by changes in the prices of oil and natural gas, the overall structure of bilateral energy trade flows has changed relatively little, with the value of U.S. energy imports from Canada consistently exceeding the value of U.S. energy exports to Canada by a large margin.
Read more... (source: www.eia.gov)


Offset to SDX Egyptian strike noncommercial
22 May 2018, 6:00pm
The second of two near-field prospects offsetting the SDX Energy Inc. SD-1X discovery north of Cairo, Egypt, is not commercial, the operator said. The well, Kelvin-1X, reached 8,075 TD and encountered 606 net ft of high-quality reservoir in Upper Miocene Abu Madi sands with average porosity of 21%. But gas saturation was low. 
Read more... (source: www.ogj.com)


Etinde appraisal well spudded off Cameroon
22 May 2018, 5:28pm
New Age Cameroon Offshore Petroleum SA has spudded the first of two appraisal wells planned this year on the Etinde license area offshore Cameroon.
Read more... (source: www.ogj.com)


Buru Energy farms out half of Ungani oil field
22 May 2018, 3:51pm
Roc Oil Co. Ltd., a wholly owned subsidiary of Hong Kong-based Fosun International Ltd., has agreed to acquire 50% interest in Perth firm Buru Energy Ltd.’s Ungani oil field production licenses L20 and L21 in the onshore Canning basin of Western Australia for $64 million (Aus.).
Read more... (source: www.ogj.com)


Electrified vehicles continue to see slow growth and less use than conventional vehicles
22 May 2018, 1:00pm
Electrified vehicles (hybrid electric, plug-in hybrid electric, and battery electric) have been sold as high fuel economy alternatives to conventional gasoline vehicles for a number of years but collectively have been slow to gain market share in the United States.
Read more... (source: www.eia.gov)


DOD report suggests limits to oil, gas activity in eastern gulf
21 May 2018, 7:08pm
The US Department of Defense considers the eastern Gulf of Mexico an irreplaceable national asset for developing and maintaining combat force readiness where sufficient surface limits and activity restrictions would need to be developed if oil and gas exploration and production was to be allowed there, DOD said.
Read more... (source: www.ogj.com)


Carnarvon advances plans for Buffalo redevelopment
21 May 2018, 6:24pm
Carnarvon Petroleum Ltd., Perth, has announced its plans for redevelopment of Buffalo oil field in the Timor Sea. The field now lies completely within the jurisdiction of East Timor following the signing of the Maritime Boundary Treaty with Australia earlier this year.
Read more... (source: www.ogj.com)


Chevron advocates shared development of Carnarvon basin
21 May 2018, 5:45pm
Chevron Australia has called for industry collaboration in the development of Australia’s offshore oil and gas resources to maximize their potential and ensure economic efficiency of future projects.
Read more... (source: www.ogj.com)


Western Gas looking for Equus development partner
21 May 2018, 5:41pm
Privately held Western Gas Corp. Pty. Ltd., Perth, has completed a basis of design for development of its wholly owned Equus gas-condensate fields offshore Western Australia and is now looking for a project development partner.
Read more... (source: www.ogj.com)


Small field in the Philippines starts flow
21 May 2018, 3:58pm
Production has begun from the first oil discovery to be declared commercial in the Philippines since offshore Galoc field, which came on stream in 2008. Onshore Algeria oil field started up at a combined rate of 360 b/d of oil from two wells in southern Cebu Island.  
Read more... (source: www.ogj.com)


Kosmos to respud well offshore Suriname
21 May 2018, 3:09pm
Kosmos Energy Ltd. will respud its first well offshore Suriname after the Anapai-1 encountered shallow-borehole stability issues. The well is testing an Early Cretaceous structural-stratigraphic concept on 5,126-sq-km Block 45. 
Read more... (source: www.ogj.com)


United States remains the world�s top producer of petroleum and natural gas hydrocarbons
21 May 2018, 1:00pm
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and the world's top producer of petroleum hydrocarbons since 2013, when U.S. production exceeded Saudi Arabia�s. Since 2008, U.S. petroleum and natural gas production has increased by nearly 60%.
Read more... (source: www.eia.gov)


Talos Energy submits drilling plans for Zama well off Mexico
18 May 2018, 4:36pm
Talos Energy LLC, Houston, and partners have submitted appraisal drilling plans to Mexico’s government regarding the Zama-1 discovery well on Block 7 in the shallow-water Sureste basin offshore Mexico. The appraisal well is expected to spud in the fourth quarter.
Read more... (source: www.ogj.com)


Husky has discovery north of SeaRose FPSO
18 May 2018, 3:31pm
Husky Energy is evaluating a discovery 10 km north of its SeaRose floating production, storage, and offloading vessel on White Rose oil field 350 km east of St. John’s, Newf.  
Read more... (source: www.ogj.com)


SDX reports gas discovery in Egypt
18 May 2018, 3:16pm
SDX Energy Inc., London, expects to start production by yearend from a natural gas discovery made by its Ibn Yunus 1X well at South Disouq, Egypt. On test, the well flowed at a stabilized rate of 39.3 MMscfd on a 32/64-in. choke, limited by surface facilities.
Read more... (source: www.ogj.com)


Husky testing exploration well off China
18 May 2018, 3:00pm
Husky Energy is testing the first of two exploration wells planned on Block 15/33 in the Pearl River Mouth Basin of the South China Sea to assess potential for development. The well, in 80 m of water 160 km southeast of Hong Kong, encountered four oil-bearing zones with combined thickness of 70 m.  
Read more... (source: www.ogj.com)


Australia details new offshore acreage release
17 May 2018, 4:01pm
The Australian government has released a total of 21 new blocks across six offshore basins around the country in its 2018 acreage release. There is also a rerelease of a further seven blocks not taken up in the 2017 program.
Read more... (source: www.ogj.com)


US JCPOA withdrawal pushes Total to drop South Pars 11 plans
16 May 2018, 5:56pm
France’s Total SA has dropped plans for South Pars 11 (SP11), a gas development project to supply gas within Iran following US President Donald Trump’s May 8 announcement that the US will withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions.  
Read more... (source: www.ogj.com)


Chevron advocates shared development of Carnarvon basin
16 May 2018, 5:15pm
Chevron Australia has called for industry collaboration in the development of Australia’s offshore oil and gas resources to maximize their potential and ensure economic efficiency of future projects.
Read more... (source: www.ogj.com)


Wintershall submits North Sea Nova oil development plan
16 May 2018, 4:22pm
The Norwegian Petroleum Directorate said Wintershall Nova AS and its partners submitted a plan for development and operation for the North Sea Nova oil field, previously called Skarfjell. Plans call for production from the subsea development starting in September 2021.
Read more... (source: www.ogj.com)


Provisional contract let for Troll Phase 3
16 May 2018, 3:09pm
Equinor, formerly Statoil, has exercised an option for delivery of a processing module to be installed on the Troll A platform in the Norwegian North Sea if Phase 3 development proceeds at Troll oil and gas field.
Read more... (source: www.ogj.com)


Western Gas looking for Equus development partner
15 May 2018, 7:39pm
Privately held Western Gas Corp. Pty. Ltd., Perth, has completed a basis of design for development of its wholly owned Equus gas-condensate fields offshore Western Australia and is now looking for a project development partner.
Read more... (source: www.ogj.com)


India sets second small-field bid round
15 May 2018, 4:53pm
India’s Directorate General of Hydrocarbons has published documents for a second round of bidding for licenses containing discovered small fields (DSFs). It will launch DSF Bid Round II in June, offering 26 contract areas on which 60 small fields have been discovered.  
Read more... (source: www.ogj.com)


Appraisal well confirms oil in western flank of Tortue field
14 May 2018, 8:30pm
BW Offshore confirmed oil pay in the western flank of Tortue field with its DTM-3 appraisal well in the Dussafu license offshore Gabon. 
Read more... (source: www.ogj.com)


Basra Oil lets contract for Majnoon development
14 May 2018, 3:00pm
Basra Oil Co. (BOC) has let a contract to KBR Inc., Houston, for the development of the Majnoon oil field in Basra, Iraq (OGJ Online, Dec. 27, 2017).
Read more... (source: www.ogj.com)


Lukoil signs new plan for West Qurna-2 field
11 May 2018, 6:13pm

Read more... (source: www.ogj.com)


Norway plans new offshore licensing round for mature areas
10 May 2018, 5:32pm
Norway is planning a new licensing round for offshore oil and gas fields in the North Sea, Norwegian Sea, and Barents Sea. 
Read more... (source: www.ogj.com)


Karoon revises Echidna, Kangaroo oil reserves
9 May 2018, 5:33pm
Karoon Gas Australia Ltd., Melbourne, has issued revised estimates for contingent resources in its Echidna and Kangaroo oil fields in the Santos basin offshore Brazil.
Read more... (source: www.ogj.com)


Mubadala Petroleum to drill wells in Manora oil field off Thailand
9 May 2018, 4:02pm
Operator Mubadala Petroleum and its partners have approved a four-well drilling program in Manora oil field in the Gulf of Thailand to be drilled by the Ensco 115 jack up starting around May 16, said partner Tap Oil Ltd. of Perth. 
Read more... (source: www.ogj.com)


States get $188 million as GOMESA revenue-sharing enters 2nd phase
8 May 2018, 4:54pm
The US Department of the Interior will distribute almost $188 million of federal offshore oil and gas revenue shares to Alabama, Louisiana, Mississippi, and Texas as disbursements authorized under the 2006 Gulf of Mexico Energy Security Act enter their second phase, Interior Sec. Ryan Zinke said.
Read more... (source: www.ogj.com)


Carnarvon advances plans for Buffalo redevelopment
7 May 2018, 8:22pm
Carnarvon Petroleum Ltd., Perth, has announced its plans for redevelopment of Buffalo oil field in the Timor Sea. The field now lies completely within the jurisdiction of East Timor following the signing of the Maritime Boundary Treaty with Australia earlier this year. 
Read more... (source: www.ogj.com)


SDX makes gas discovery in Morocco
7 May 2018, 6:05pm
SDX Energy discovered conventional natural gas in its LMS-2 exploration well on the Lalla Mimouna permit in Morocco. The operator is completing the well for production in the Miocene H-9 sand interval, a shallow marine deposit not previously tested in the area.
Read more... (source: www.ogj.com)


Eni finds oil in deep Western Desert well
7 May 2018, 5:27pm
Eni SPA reports an oil discovery with its first well exploring deep sequences of the Faghur basin in Egypt’s Western Desert. It has put the well, SWM A-2X, on production at the rate of 2,300 b/d of 32° gravity oil and 400 Mscfd of associated natural gas from completions in Carboniferous Dessouky sandstone.
Read more... (source: www.ogj.com)


The super-giant gas condensate North Field offshore Qatar was once considered noncommercial
7 May 2018, 5:17pm
The North Field, which is considered one of the largest gas condensate fields in the world, was once considered noncommercial. From the initial discovery in 1971, the industry took 20 years to formally begin developing the field’s resources. New seismic technology may unveil even more resources in and around the established boundaries of the field, but companies will need to act fast as geopolitics have cooled to their lowest temperature in nearly 40 years.
Read more... (source: www.ogj.com)


Israel looks to future exploration, development with energy mission and outreach
7 May 2018, 5:14pm
Israel’s Ministries of Economy and Energy have set up a mission in Houston to foster cooperation with US and other international companies interested in developing Levant basin resources in the Eastern Mediterranean.
Read more... (source: www.ogj.com)


Baker Hughes: International rig count climbs 6 units in April
7 May 2018, 4:26pm
The international rig count increased 6 units month-over-month to 978 in April from 972 rigs in March, and up 22 from 956 a year ago, according to Baker Hughes data. The international offshore rig count for April was 194, up 6 from 185 in the previous month, and down 7 from 201 in April 2017. 
Read more... (source: www.ogj.com)


Statoil gets permit for exploration well drilling in North Sea
4 May 2018, 7:35pm
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for an exploration well in production license 025 in the central North Sea. 
Read more... (source: www.ogj.com)


Baker Hughes: US rig count climbs 11 units to 1,032
4 May 2018, 7:04pm
The US drilling rig count gained 11 units to reach 1,032 during the week ended May 4, data from Baker Hughes indicate. The report shows an overall increase of 154 units from year-ago levels.  
Read more... (source: www.ogj.com)


Cooper Energy awarded Gippsland permit near existing oil, gas fields
4 May 2018, 4:07pm
Cooper Energy Ltd., Adelaide, has taken a further step into the offshore Gippsland basin of Victoria with the award of a new exploration permit close to existing oil and gas fields and production systems.
Read more... (source: www.ogj.com)


India’s open-acreage round draws 110 bids
3 May 2018, 4:47pm
Nine companies submitted a total of 110 electronic bids for 55 blocks offered in India’s first open-acreage licensing round, which had been extended by a month.
Read more... (source: www.ogj.com)


Savannah logs oil pay in Niger well
3 May 2018, 4:29pm
Savannah Petroleum PLC, London, is firming its license in southeastern Niger after making an indicated oil discovery in the R3 part of its R3/R4 production sharing contract area. 
Read more... (source: www.ogj.com)


Gran Tierra appraisal flows oil in Colombia
2 May 2018, 3:58pm
Gran Tierra Energy Inc., Calgary, plans further drilling this year near an appraisal well in Colombia’s Middle Magdalena Valley basin that flowed oil at high pressure from Upper Cretaceous La Luna carbonate.
Read more... (source: www.ogj.com)


Uruguay’s offshore round draws no bids
1 May 2018, 4:12pm
Uruguay’s third oil and gas licensing round attracted no bids, Uruguayan National Oil Co. announced.
Read more... (source: www.ogj.com)


Drilling rig for Dorado-1 wildcat is on its way
1 May 2018, 4:03pm
The Perth-based joint venture led by Quadrant Energy Ltd. has announced that the jack-up drilling rig Ensco-107 is now on its way from Singapore to drill the Dorado-1 wildcat in the Bedout sub-basin offshore Western Australia.
Read more... (source: www.ogj.com)


ADNOC appoints Inpex unit as asset leader for Lower Zakum concession
30 April 2018, 9:47pm
Abu Dhabi National Oil Co. (ADNOC) has signed an agreement appointing JODCO Lower Zakum Ltd., a wholly owned subsidiary of Japan’s Inpex Corp., as the asset leader for Abu Dhabi’s Lower Zakum concession area.
Read more... (source: www.ogj.com)


Baker Hughes: US rig count jumps 8 units to hit 1,021
27 April 2018, 6:17pm
The US drilling rig count gained 8 units to reach 1,021 during the week ended Apr. 27, data from Baker Hughes indicate. The report shows an overall increase of 156 units from year-ago levels.  
Read more... (source: www.ogj.com)


States get $188 million as GOMESA revenue-sharing enters 2nd phase
27 April 2018, 5:34pm
The US Department of the Interior will distribute almost $188 million of federal offshore oil and gas revenue shares to Alabama, Louisiana, Mississippi, and Texas as disbursements authorized under the 2006 Gulf of Mexico Energy Security Act (GOMESA) enter their second phase, Interior Sec. Ryan Zinke said. 
Read more... (source: www.ogj.com)


Bidding modest in Iraqi licensing round
26 April 2018, 5:08pm
Regional and Chinese operators dominated modest bidding in an exploration and development licensing round in Iraq.  
Read more... (source: www.ogj.com)


Zarara spuds gas well in Kenya’s Pate field
26 April 2018, 4:33pm
Zarara Oil & Gas Ltd., a subsidiary of Midway Resources International, reported that it has spudded Pate-2 natural gas well on its production sharing contracts on Blocks L4 and L13 near Port Lamu in Kenya.
Read more... (source: www.ogj.com)


Hess acquires interest in Kaieteur block offshore Guyana
26 April 2018, 4:20pm
Hess Corp. subsidiary Hess Guyana (Block B) Exploration Ltd. will acquire a 15% participating interest in the Kaieteur block offshore Guyana from ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. 
Read more... (source: www.ogj.com)


LLOG to operate Shenandoah development
26 April 2018, 3:37pm
Privately held LLOG Exploration Offshore LLC says it envisions development of the deepwater Shenandoah discovery in the Gulf of Mexico with a floating production system. LLOG is replacing Anadarko Petroleum Corp. as operator of the Shenandoah Unit covering Walker Ridge Blocks 51 and 52 and the northern half of Block 53.
Read more... (source: www.ogj.com)


Congressional Democrats ask Zinke to delay Beaufort Sea lease sale
25 April 2018, 5:55pm
Four congressional Democrats, including the ranking minority members of the Senate Energy and Natural Resources Committee and the House Natural Resources Committee, urged US Interior Sec. Ryan Zinke to delay a federal offshore oil and gas lease sale in the Beaufort Sea off Alaska.
Read more... (source: www.ogj.com)


SDX Rabul 4 finds heavy oil in Egypt
25 April 2018, 5:44pm
SDX Energy Inc., London, plans to complete its Rabul 4 discovery well for production on the West Gharib Block in Egypt’s Eastern Desert. The well, drilled to 5,250 ft TD, cut 43 ft of net heavy oil pay in the Lower Miocene Yusr and Bakr formations. Average porosity is 16%. 
Read more... (source: www.ogj.com)


Shell makes FID on Vito development in Gulf of Mexico
24 April 2018, 7:31pm
Shell Offshore Inc. will construct and fabricate a simplified host design and subsea infrastructure for Vito, a deepwater development covering four blocks in the Mississippi Canyon area of the Gulf of Mexico. The development will consist of eight subsea wells with deep (18,000 ft) in-well gas lift and is expected to begin production in 2021. 
Read more... (source: www.ogj.com)


Companies report increase in P’nyang gas resources
24 April 2018, 4:43am
Oil Search Ltd., Sydney and Port Moresby, has reported a tripling of 1C gross contingent natural gas resources in P’nyang gas field in retention lease PRL3 in the Western Highlands of Papua New Guinea.
Read more... (source: www.ogj.com)


Barossa gas field enters FEED development program
23 April 2018, 4:33pm
A ConocoPhillips-led group developing Barossa gas field, in the eastern Timor Sea about 300 km north of Darwin, has reached an agreement to begin the front-end engineering and design stage of development with the initial aim of backfilling the Darwin LNG project.
Read more... (source: www.ogj.com)


Aker BP gets regulatory nod for Barents Sea appraisal drilling
23 April 2018, 3:55pm
Norway’s Petroleum Safety Authority approved plans by Aker BP ASA, operator for production license 659 in the Barents Sea, to drill an appraisal well about 65 km north-northeast of Snohvit field.
Read more... (source: www.ogj.com)


BP deepwater well off Nova Scotia approved
23 April 2018, 3:22pm
BP Canada has received approval to drill an exploratory well designated Aspy D-11 in deep water offshore southeastern Nova Scotia. The Canada-Nova Scotia Offshore Petroleum Board approved the well after lengthy environmental reviews and consultations with interested groups.  
Read more... (source: www.ogj.com)


Zinke decides not to reduce royalty rates for future offshore leasing
23 April 2018, 5:00am
The US Department of the Interior will not lower royalty rates for future offshore oil and gas sales at this time due to the success of President Donald Trump’s energy strategy, Interior Sec. Ryan Zinke said.
Read more... (source: www.ogj.com)


New Zealand halts new offshore oil, gas exploration permits
23 April 2018, 5:00am
The New Zealand government has made the surprise announcement that it will not grant any new permits for offshore oil and gas exploration.
Read more... (source: www.ogj.com)


Baker Hughes: US rig count gains another 5 units to reach 1,013
20 April 2018, 5:55pm
The US drilling rig count gained another 5 units to reach 1,013 during the week ended Apr. 20, data from Baker Hughes indicate. The report shows an overall increase of 156 units from year-ago levels.
Read more... (source: www.ogj.com)


Canyon Creek to drill 18 wells targeting stacked pay in Arkoma basin
20 April 2018, 3:23pm
Canyon Creek Energy-Arkoma LLC (CCEA), Tulsa, plans to drill 18 wells in 2018 targeting the Woodford shale and Mayes shale in various locations throughout the Arkoma basin of southeastern Oklahoma as part of a joint development agreement with Pivotal Petroleum Partners II LP.
Read more... (source: www.ogj.com)


BLM to prepare EIS for ANWR oil, gas leasing
20 April 2018, 2:54pm
The US Bureau of Land Management reported it will begin a 60-day public scoping period to assist in preparing an environmental impact statement for oil and gas leasing on the Arctic National Wildlife Refuge’s coastal plain.
Read more... (source: www.ogj.com)


BP, RIL sanction KG D6 gas development
19 April 2018, 5:23pm
BP PLC and Reliance Industries Ltd. have sanctioned the second of three integrated deepwater gas developments on Block KG D6 off eastern India.
Read more... (source: www.ogj.com)


Frontera confirms more oil, gas for Georgia’s Block 12
19 April 2018, 5:02pm
Frontera Resources Corp. has confirmed the presence of 78.8 m of combined pay interval in three target zones with the Dino-2 well, the second of a three-well campaign, at the company’s Taribani complex on the Block 12 license in Georgia.
Read more... (source: www.ogj.com)


Interpose Holdings acquires interest in Zimbabwe gas-condensate prospect
18 April 2018, 5:43pm
Interpose Holdings Ltd. (formerly Sunbird Energy Ltd.), Perth, has agreed to acquire 80% interest and operatorship of the onshore Cabora Bassa basin project in Zimbabwe via the acquisition of 100% of fellow Perth firm Invictus Energy Resources Pty. Ltd.
Read more... (source: www.ogj.com)


Zinke decides not to reduce royalty rates for future offshore leasing
18 April 2018, 4:52pm
The US Department of the Interior will not lower royalty rates for future offshore oil and gas sales at this time due to the success of President Donald Trump’s energy strategy, Interior Sec. Ryan Zinke said.
Read more... (source: www.ogj.com)


WoodMac: Chinese shale gas production to reach 17 billion cu m in 2020
17 April 2018, 5:15pm
Chinese shale gas production is expected to reach 17 billion cu m (bcm) in 2020. While almost double last year’s production of 9 bcm, China will still miss its 2020 30-bcm production target by a considerable margin, according to Wood Mackenzie.
Read more... (source: www.ogj.com)


Northern Territory lifts fracing ban
17 April 2018, 3:44pm
The Northern Territory’s government has lifted its ban on hydraulic fracturing of onshore gas prospects following the report of the independent scientific inquiry released last month.
Read more... (source: www.ogj.com)


ConocoPhillips confirms Willow discovery appraisal on ANS
16 April 2018, 5:37pm
ConocoPhillips upped its five-well drilling campaign to a sixth with the 2018 Winter exploration and appraisal program on Alaska’s wester North Slope at the Willow discovery. Discovered in January 2017, the Tinmiaq 2 and 6 were drilled in early 2016 and encountered 72 ft and 42 ft of net pay, respectively.  
Read more... (source: www.ogj.com)


Contango updates southern Delaware basin operations
16 April 2018, 5:28pm
Contango Oil & Gas expects to complete two wells in June from a common pad in its Delaware basin acreage in Pecos County, Tex.
Read more... (source: www.ogj.com)


BP updates two North Sea tie backs with 30,000 boe/d capacities
16 April 2018, 5:00am
BP PLC says its two North Sea satellite fields—Alligin and Vorlich—will produce a peak rate of 30,000 boe/d after coming onstream in 2020.
Read more... (source: www.ogj.com)


New Zealand halts new offshore oil, gas exploration permits
12 April 2018, 7:21pm
The New Zealand government has made the surprise announcement that it will not grant any new permits for offshore oil and gas exploration.
Read more... (source: www.ogj.com)


Companies report increase in P’nyang gas resources
12 April 2018, 7:10pm
Oil Search Ltd., Sydney and Port Moresby, has reported a tripling of 1C gross contingent natural gas resources in P’nyang gas field in retention lease PRL3 in the Western Highlands of Papua New Guinea.
Read more... (source: www.ogj.com)


Barclays: US onshore upstream budgets up 9% in 2018
11 April 2018, 5:30pm
Preliminary upstream budgets from the top 40 US onshore producers show a 9% rise this year, according to an updated Barclays’ E&P spending survey. This is well below Barclays’ previous estimate of an increase of 21% for North America E&P spending in last December’s survey.
Read more... (source: www.ogj.com)


Cobalt asset auction nets $577.9 million
11 April 2018, 3:17pm
Total E&P USA Inc., alone and in a combine with Statoil Gulf of Mexico LLC, led successful bidders for Gulf of Mexico properties sold at auction in the bankruptcy of Cobalt International Energy Inc., according to a court filing. Successful bids totaled $577.9 million. 
Read more... (source: www.ogj.com)


BP updates two North Sea tie backs with 30,000 boe/d capacities
10 April 2018, 5:29pm
BP PLC says its two North Sea satellite fields—Alligin and Vorlich—will produce a peak rate of 30,000 boe/d after coming onstream in 2020. Alligin is a 20 million-bbl recoverable oil field in the Greater Schiehallion Area about 140 km west of Shetland. Vorlich will recover more than 30 million boe and is about 241 km east of Aberdeen. 
Read more... (source: www.ogj.com)


Mubadala gets Andaman I block off Indonesia
10 April 2018, 5:15pm
Mubadala Petroleum, Abu Dhabi, will conduct subsurface studies and acquire 3D seismic data in the first 3-year term of a production-sharing contract it has signed for the Andaman I block off Indonesia. 
Read more... (source: www.ogj.com)


ADNOC launches its first licensing round
10 April 2018, 2:38pm
Abu Dhabi National Oil Co. has launched its first competitive oil and gas licensing round, offering four onshore and two offshore blocks that cover nearly 30,000 sq km. The company has opened a web site dedicated to the round where interested bidders can register and begin what ADNOC describes as “a strict prequalification process.” 
Read more... (source: www.ogj.com)


AWE farms out New Zealand permit in North Island gas region
9 April 2018, 7:59pm
AWE Ltd., Sydney, has farmed out its New Zealand onshore Taranaki basin permit PEP 55768, which includes the forthcoming Kohatukai-1 wildcat. The permit is southeast of New Plymouth in a prolific gas-producing region.
Read more... (source: www.ogj.com)


Lundin starts Alta extended reach horizontal well in Barents Sea
9 April 2018, 5:02pm
Lundin Norway AS has commenced drilling a 700-m horizontal well in the oil zone of the Alta discovery. Well 7220/11-5 is in PL 609 in the southern Barents Sea.
Read more... (source: www.ogj.com)


Interior announces region-wide OCS gulf Lease Sale 251
9 April 2018, 3:49pm
The US Department of the Interior announced plans to hold a Gulf of Mexico region-wide oil and gas lease sale on Aug. 15 offering 77.3 million acres offshore Texas, Louisiana, Alabama, Mississippi, and Florida.
Read more... (source: www.ogj.com)


Fracing inquiry report handed to Northern Territory
9 April 2018, 3:27pm
The final report of the 15-month Northern Territory hydraulic fracturing inquiry has been delivered to the Northern Territory government after concluding that the risks associated with the industry can be managed provided its list of 135 recommendations are fully implemented.
Read more... (source: www.ogj.com)


Baker Hughes: US rig count climbs 10 units to reach above 1,000
6 April 2018, 6:02pm
The US drilling rig count starts the month of April with a gain of 10 units to 1,003 during the week ended Apr. 6, data from Baker Hughes indicate. The report shows an overall increase of 164 units from year-ago levels.
Read more... (source: www.ogj.com)


PentaNova to flow-test well in Colombia
6 April 2018, 5:44pm
PentaNova Energy Corp., Vancouver, BC, is installing a christmas tree and will flow-test potential gas-bearing intervals in its Istanbul-1 well on the Maria Conchita block of northern Colombia. 
Read more... (source: www.ogj.com)


OMV discovers gas, condensate with HPHT well off Norway
6 April 2018, 4:25pm
In its first high pressure, high temperature well drilled on the Norwegian Continental Shelf, OMV (Norge) AS has completed discoveries in the Hades and Iris intervals in its 6506/11-10 well in PL 644 B.
Read more... (source: www.ogj.com)


OMV gets 20% stake in Abu Dhabi concession
5 April 2018, 8:27pm
OMV AG expects to sign by the end of April documents for its acquisition of a 20% interest in the concession for Satah Al Razboot (SARB) and Umm Lulu oil fields offshore Abu Dhabi.  
Read more... (source: www.ogj.com)


Bahrain reports large offshore oil find
4 April 2018, 6:28pm
The National Oil and Gas Authority of Bahrain expects production to begin within 5 years from an oil and gas discovery in shallow water off the island nation’s west coast. At a press conference reported by the official Bahrain News Agency, a DeGolyer & MacNaughton official estimated P50 oil in place at 80 billion bbl. 
Read more... (source: www.ogj.com)


Interior announces region-wide OCS gulf Lease Sale 251
2 April 2018, 5:04pm
The US Department of the Interior announced plans to hold a Gulf of Mexico region-wide oil and gas lease sale on Aug. 15 offering 77.3 million acres offshore Texas, Louisiana, Alabama, Mississippi, and Florida. Lease Sale 251, which would include all unleased areas in the gulf, would be the third held under the 2017-22 federal OCS leasing program, officials said.
Read more... (source: www.ogj.com)


Study questions predrill risks associated with stratigraphic traps
2 April 2018, 5:00am
Stratigraphic traps made headlines in 2017 with the discovery of an estimated 1 billion boe of recoverable resources in the Stabroek block offshore Guyana within the Payara, Snoek, and Turbot discoveries. Despite this play types' large resource potential, the industry still perceives stratigraphic traps as having higher geological risk. With remaining accumulations more likely to be stratigraphic, can exploration companies overcome the difficulties associated with stratigraphic plays?
Read more... (source: www.ogj.com)


Basin-centered gas accumulation play developed for western Turkey
2 April 2018, 5:00am
Valeura's Yamalik-1 discovery well is opening a basin-centered gas play in western Turkey's Thrace basin.
Read more... (source: www.ogj.com)


South Africa oil and gas law could lead to further exploration in 2018-19
2 April 2018, 5:00am
With active exploration taking place offshore South Africa later in 2018, the new administration's commitment to finalizing its oil and gas law could encourage more foreign investment.
Read more... (source: www.ogj.com)


ADNOC signs deals with Total, CNPC for offshore concessions
2 April 2018, 12:10am
Abu Dhabi National Oil Co. (ADNOC) has signed agreements with Total SA and China National Petroleum Corp. (CNPC) in which the French and Chinese companies will be awarded stakes in Abu Dhabi's new offshore concessions.
Read more... (source: www.ogj.com)


Spirit Energy has minor find off Norway
29 March 2018, 5:05pm
Spirit Energy reports a “technical oil discovery” on its Tethys Prospect in the Norwegian North Sea. Well 35/9-14 on PL 682 cut 20 m of hydrocarbon-bearing sandstone in the Oxfordian (Upper Jurassic) Heather formation. Reservoir quality was poor. A downdip sidetrack encountered 30 of sandstone with hydrocarbon shows, but reservoir quality there also was low.
Read more... (source: www.ogj.com)


BOEM to begin process for proposed 2019 Beaufort Sea lease sale
29 March 2018, 4:30pm
The US Bureau of Ocean Energy Management announced it will publish a call in the Mar. 30 Federal Register for information and nominations for a proposed 2019 Beaufort Sea oil and gas lease sale. 
Read more... (source: www.ogj.com)


Mexico awards 16 shallow-water blocks
28 March 2018, 6:02pm
Mexico’s National Hydrocarbons Commission (CNH) has awarded 16 shallow-water blocks in the first open bidding of its third round of oil and gas licensing. The awards are subject to government approval. 
Read more... (source: www.ogj.com)



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