-- CNX spending to target eastern US shales CNX Gas said its 2008 capital budget includes exploration for gas in Marcellus, Huron, Chattanooga, and New Albany shales and the Trenton-Black River dolomite in the eastern US.
-- Ivory Coast Exploration success off Ghana at the Jubilee discovery, formerly Mahogany and Hyedua, has opened a new play off Ivory Coast in Upper Cretaceous turbidite sands, said Tullow Oil.
-- Petro-Canada group finds Moray Firth oil A group led by Petro-Canada made a potentially commercial discovery 110 km north of Aberdeen, Scotland, in the UK North Sea's Inner Moray Firth area.
-- Ithaca Energy farms out UK North Sea prospects Ithaca Energy has brought in North Sea Energy to help it develop the Manuel and Polly prospects and Venture Production to focus on the Carna gas prospect, all of which are in the UK North Sea.
-- White Nile to explore Ethiopian block White Nile will explore and develop a 29,000-sq-km block on the southern Rift basin in southwestern Ethiopia under a PSA signed with that country.
-- DOE study sees high North Slope potential US oil reserves could more than double by 2050 if commodity prices remain high and leasing restrictions ease on Alsaka's North Slope, according to a federal government study.
-- US MMS director defends leasing in Chukchi Sea Oil and gas activity in Alaska's Chukchi Sea can occur without threatening polar bears, US MMS Director Randall Luthi said just a day after environmental and Alaska Native groups sued to block a Feb. 6 lease sale.
-- Total bows out of Rub al-Khali Saudi gas project Total SA has confirmed its decision to withdraw from the South Rub al-Khali gas exploration project in the southern part of Saudi Arabia's "Empty Quarter." It will transfer to Royal Dutch Shell PLC and other partners in the venture, its 30% share after three dry wells. The decision was made following an assessment of the economic potential of the field.
The challenges associated with developing unconventional resources are driving the industry to implement more efficient work flows and more cost effective formation evaluation solutions, forcing optimization at every step. Join us at AAPG or via webcast to learn how applying a comprehensive, yet fit-for-purpose evaluation approach throughout the development life cycle has helped operators maximize value and optimize production.