1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Exploration Development 2002 P7

  • 03/04/2002 -- Latin blues
    A key part of the White House's energy strategy is to bolster ties with the US's own oil-rich neighbors, including Canada, Mexico, Venezuela, Colombia, Ecuador, and Argentina. But that policy may be strained by ongoing political turmoil in Latin America that casts doubt on whether the region can be considered a more reliable supplier than the Middle East.
  • 02/28/2002 -- Benton agrees to sell majority interest in Arctic Gas project for $190 million
    In what was described as "a turnaround move" for the debt-loaded firm, Benton Oil & Gas Co., Houston, said Thursday it agreed to sell its 68% interest in Russian-based Arctic Gas Co. to a nominee of Yukos Oil Co. for $190 million.
  • 02/25/2002 -- Drilling on the stock exchange
    Europe is currently seeing the re-emergence of stock exchange prospectors who see it more economic to acquire producing assets rather than step up their own exploration programs. In the 1980s, Britain's small exploration companies were snapped up, and now those that are left, such as Enterprise Oil PLC, are rumored to be takeover targets.
  • 02/21/2002 -- Nexen to increase holding with BP in Gulf of Mexico Aspen field
    BP PLC and Nexen Petroleum USA Inc. signed an agreement Thursday outlining terms of the development of the Aspen deepwater discovery on Green Canyon Block 243 about 150 miles south-southwest of New Orleans in the Gulf of Mexico. The discovery lies in 3,000 ft of water.
  • 02/20/2002 -- Perenco makes oil discovery off Gabon
    Perenco PLC, London, made an oil discovery in 21 m of water off Gabon. On test, the discovery well, GSA-1, flowed 6,300 b/d of 'dry' oil from a 110 m gross hydrocarbon column at a 910-1,020 m depth in the Ozouri formation.
  • 02/20/2002 -- Harken Energy charges $8.8 million Costa Rica investment against 2001 earnings
    Harken Energy Corp., Houston, said it does not expect to receive the permits needed to drill the Moin well in Costa Rica any time soon because political and regulatory conditions there have caused delays. Consequently, Harken is fully impairing its $8.8 million investment in Coast Rica in its year-end 2001 earnings.
  • 02/19/2002 -- Iran needs pipeline investment to enhance its energy market position
    Iran is positioned to be a major factor in world energy markets over the next decade if it can develop the transportation infrastructure to deliver its oil and natural gas to market, said a UK analyst at a conference on Middle East energy strategy in Tehran.
  • 02/19/2002 -- BG Group purchase of Enron Indian assets causes operatorship dispute
    BG Group PLC, the major UK oil and gas producer formed from former government-owned assets, and Oil & Natural Gas Corp. (ONGC), India's largest state-run exploration and production company, are now locked in what could develop into a long and acrimonious dispute over which firm should operate some of India's most important offshore projects.
  • 02/14/2002 -- PTT affiliate farms into SOCO's stake in two Viet Nam blocks
    PTT Exploration & Production Co. Ltd., an affiliate of partially privatized Thai company PTT PLC, will farm into SOCO Vietnam Ltd.'s share of two blocks in the Cuu Long basin off Viet Nam.
  • 02/13/2002 -- India to launch third licensing round by end of first quarter
    The Indian government will offer 25 oil and gas blocks in the third round of the New Exploration and Licensing Policy (NELP-III) before Mar. 31.
  • 02/12/2002 -- Kazakhstan invites Indian companies to join development of two fields
    Kazakhstan has offered to let Indian companies participate in the development of two oil and gas fields.
  • 02/12/2002 -- Yukos chief says Russia offers many opportunities for western oil firms
    Mikhail Khodorkovsky, CEO of OAO Yukos, says Russia continues to offer many opportunities for foreign oil production and service and supply companies.
  • 02/07/2002 -- Interior says Johnnie Burton to head US Minerals Management Service
    It's official. Secretary of Interior Gale Norton Thursday announced R.M. "Johnnie" Burton, head of the Wyoming Department of Revenue since 1998, will be the director of the US Minerals Management Service effective Mar. 15. Government and industry sources speaking on condition of anonymity first revealed the decision last month (OGJ Online, Jan. 8, 2002).
  • 02/07/2002 -- CNRL, Tullow, Petroci bring Espoir field off Ivory Coast on stream
    Canadian Natural Resources Ltd., Calgary, has begun production from one well at Espoir field on CI-26 off Ivory Coast at 8,500 b/d of oil. Production to the floating production, storage, and offloading vessel Espoir Ivoirien will increase to 30,000 b/d by the end of the third quarter.
  • 02/07/2002 -- Alaska sets 5-year area-wide leasing plan for state oil lands
    Alaska has set a 5-year area-wide leasing program for state lands in the Cook Inlet, Beaufort Sea, North Slope, and North Slope Foothills areas.
  • 02/06/2002 -- IFP sees geopolitical problems in developing oil beyond 200-mile zone
    Development of oil in waters beyond the 200-mile economic zone will raise some difficult geopolitical questions, the Institut Français du Pétrole has been told.
  • 02/05/2002 -- Carigali Overseas takes another Equatorial Guinea block
    Carigali Overseas Sdn. Bhd., an affiliate of Petronas, has signed another production-sharing agreement with Equatorial Guinea for Corisco Bay Block N in the Rio Muni basin, said block partner Ocean Energy Inc., Houston.
  • 02/05/2002 -- Petroleos de Venezuela to explore for gas in offshore Orinoco Delta
    Petroleos de Venezuela SA (PDVSA) has begun a $375 million, 2-year exploration program in the waters of the Orinoco Delta, hoping to add natural gas reserves to meet internal and export needs.
  • 02/01/2002 -- Hunt Oil subsidiary makes winning bid for Peel Plateau exploration rights in Canada
    Hunt Oil Co. of Canada Inc., a subsidiary of privately held Hunt Oil Co., Dallas, was awarded oil and gas exploration rights in the Peel Plateau of northwest Canada by Yukon province officials Friday.
  • 01/31/2002 -- Statoil applies electromagnetic wave technology to offshore exploration
    Statoil ASA has formed a company, Electromagnetic GeoServices, to develop electromagnetic wave technology to search for oil and gas.
Related Articles

Obama touts green energy as the UK slashes subsidies

08/28/2015 US President Barack Obama received more news coverage in the US for his speech promoting renewable fuels than the UK government did for a new step ...

WOTUS rule implementation uncertain after conflicting court decisions

08/28/2015 The US Environmental Protection Agency and Army Corps of Engineers reportedly began to implement their controversial Waters of the United States (W...

GeoPark makes oil discovery in Colombia

08/28/2015 GeoPark Ltd. has drilled and completed its Chachalaca 1 exploration well on Llanos 34 Block in Colombia. The company tested the 12,270-ft well, whi...

South Africa’s Engen wraps annual refinery turnaround

08/28/2015 Engen Petroleum Ltd. has restarted its 125,000-b/d Enref refinery in Durban, South Africa, following a 4-week period of planned maintenance activit...

US rig count down 8 units, ‘ugly’ next 12 months expected

08/28/2015 After several weeks in which the overall US drilling rig count steadily climbed, the week ended Aug. 28 marked its largest loss since early June, d...

Keystone XL decision isn’t imminent, White House press secretary says

08/28/2015 A presidential decision on TransCanada Corp.’s cross-border permit application for its proposed Keystone XL crude oil pipeline is not imminent, Whi...

PDVSA restarts FCCU at Amuay refinery

08/28/2015 Petroleos de Venezuela SA (PDVSA) has restarted the fluid catalytic cracking unit (FCCU) at its 645,000-b/d Amuay refinery in northwestern Venezuel...

Extension sought for Mackenzie Gas Project

08/28/2015 The earliest possible construction start for the Mackenzie Gas Project, which would connect natural gas fields in the Canadian Arctic with northwes...

Tap Oil signs PSC for block offshore Myanmar

08/28/2015 Tap Oil Ltd. reported its entry into Myanmar following the signing of the production-sharing contract for shallow-water Block M-7 in the Moattama b...
White Papers

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by
Available Webcasts

On Demand

Smarter Asset Management: Turnaround Optimization

Fri, Mar 26, 2010

This webcast will explore a new vision for managing turnarounds, key approaches to turning this vision into a reality and how one company has begun this transformation.

register:WEBCAST


OGJ Annual Forecast 2010

Tue, Feb 2, 2010

Oil & Gas Journal Editor Bob Tippee discusses key influences in the global and US oil markets based on data published in the annual Forecast and Review special report.

register:WEBCAST


The Smarter Supply Chain of the Future: IBM Chief Supply Chain Officers Study, Chemicals & Petroleum Industries

Thu, Dec 17, 2009

We invite you to attend the IBM Smarter Oil & Gas Webcast Series

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected