Most Recent Stories

ExxonMobil Corp. will develop a field with nearly 6 billion bbl of resource in place more than 30,000 ft below the sea floor in more than 7,000 ft of water in the Gulf of Mexico.

Husky Oil Operations Ltd. has let two contracts to Technip for work related to the South White Rose Extension (SWRX) tieback to White Rose oil field offshore Newfoundland and Labrador.

Debate over whether the US should authorize more LNG exports has been too narrowly focused on potential domestic impacts, an energy and geopolitical expert told a US House subcommittee.

Gazpromneft has let a front-end engineering and design contract to a Foster Wheeler AG subsidiary for an upgrade of its Moscow refinery.

A group led by a subsidiary of KrisEnergy Ltd., Singapore, has tested gas at the Lengo-2 appraisal well on the Bulu PSC in the East Java Sea offshore Indonesia.

Eni Pakistan Ltd. said the Lundali-1 new field wildcat is a gas discovery on the Sukhpur block in the Kirthar fold belt 270 km north of Karachi, Pakistan.

Brazil’s Petroleo Brasileiro SA (Petrobras) plans to increase net production from its offshore presalt formation in the Campos and Santos basins to more than 2 million bo/d by 2020, from 311,000 b/d of oil as of Apr. 17, according to Carlos Tadeu de Costa Fraga, the company’s presalt executive manager. Fraga spoke May 7 to attendees of the Offshore Technology Conference in Houston.

HRT Oil & Gas Ltd., Rio de Janeiro, will acquire BP PLC’s 60% interest in Polvo oil field in shallow water in the southern Campos basin offshore Brazil for $135 million cash.

Apache Corp. has gauged oil and-or gas discoveries in three basins in northwestern Egypt, including one discovery that established the deepest production to date in the Western Desert producing province.

News of a second Israeli air strike on Syria during the weekend pulled the oil market out of a morning slump May 6 with front-month crude up nearly 1% by the end of the New York market session.

GL Noble Denton surveyed more than 100 senior oil and gas professionals regarding their comments on new US offshore regulations in the 3 years since the deepwater Macondo well blowout and resulting explosion and fire to the Deepwater Horizon semisubmersible in the Gulf of Mexico.

Joint Oil, the Tunisia-Libya offshore authority, has approved a farmout by Sonde Resources Corp., Calgary, of the Joint Oil block in the Mediterranean off the two countries to Viking Exploration & Production Tunisia Ltd., a private company.

EQT Corp. agreed to buy 99,000 net acres in southwestern Pennsylvania and 10 horizontal Marcellus wells in Washington County, Pa., from Chesapeake Energy Corp. and partners.

A private independent oil and gas company with interests in Alabama will purchase the Alabama coalbed methane properties of GeoMet Inc., Houston, for $63.2 million. The buyer’s name has yet to be released.

Cairn Energy PLC’s Capricorn Ireland Ltd. unit has taken a farmout from Chrysaor Holdings Ltd. Irish subsidiary to earn an interest in two Porcupine basin licenses west of Ireland that contain the Spanish Point gas-condensate and Burren oil discoveries.

Magnum Hunter Resources Corp., Houston, has taken delivery of a robotic drilling rig, the fifth rig in its fleet, that it expects to spud a Utica shale well in southeastern Ohio on June 1.

Condor Petroleum Inc., Calgary, received regulatory approval for a completion and testing program of KN-E-201 oil discovery on the 2,610 sq km Zharkamys territory in the Precaspian basin in Kazakhstan.

OMV is investing €230 million to add a butadiene plant at its 73,000-b/d refinery at Berghausen, Germany, and to upgrade a butadiene plant at its 193,000-b/d refinery at Schwechat, Austria.

Statoil says a proposal by the Norwegian government to lower an allowance against the special petroleum tax would hurt the allure of future offshore projects.

Sveinung Svarte, chief executive officer of Athabasca Oil Corp., Calgary, will function also as president after the departure of Bryan Gould and formation of an executive operational and development committee to be chaired by Ronald Eckhardt, a director.

Growing public scrutiny of oil and gas operations has forced the American Petroleum Institute to broaden its technical program coverage to suppliers of goods and services, API executives said.

Canada’s National Energy Board granted a commercial discovery declaration to Lone Pine Resources Inc., Calgary, with respect to the Upper and Lower Besa River shale intervals in the Pointed Mountain field area of the Liard basin in western Northwest Territories.

Oklahoma Atty. Gen. E. Scott Pruitt (R) and 12 more attorneys general from producing states urged the US Environmental Protection Agency to resist a threat by seven northeastern states to sue if EPA does not impose methane emissions limits under the federal Clean Air Act.

Advances in deepwater technology require financial commitment by oil companies and a willingness to form partnerships with vendors and regulators, panelists discussing the DeepStar research and development collaboration told an opening session of the Offshore Technology Conference in Houston.