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Exploration Development 2009 P2

  • 12/17/2009 -- Iraq offers seven contracts in second licensing round
    Iraq—hailing the successful end of its second postwar bidding round and hopeful of boosting output to record levels—has awarded 7 oil field service contracts out of the 10 it offered.
  • 12/17/2009 -- Melrose to progress Black Sea gas projects
    Melrose Resources PLC, Edinburgh, plans to proceed with exploration, development, production, and gas storage projects on the western Black Sea shelf off Bulgaria and Romania in 2010.
  • 12/17/2009 -- Turkey
    Melrose Resources PLC, Edinburgh, is negotiating contracts for the shooting of as much as 500 line-km of 2D seismic on its South Mardin group of blocks in southeastern Turkey along the border with Syria.
  • 12/17/2009 -- Egypt
    Melrose Resources PLC, Edinburgh, plans to spud an exploratory well by the end of 2010 in the remote Mesaha concession in the southwest corner of Egypt.
  • 12/17/2009 -- Israel
    Bontan Corp. Inc., Toronto, completed shooting a 3D seismic survey on the Mira and Sarah drilling licenses and a 2D survey on the Benjamin exploration permit in the Levantine basin in the Mediterranean 40 km off Israel.
  • 12/17/2009 -- Kentucky
    Kentucky could expect $6 million/year to $15.4 million/year in added revenue if it allowed oil and gas development on state and university-owned lands, the Kentucky Geological Survey estimated.
  • 12/16/2009 -- Tullow may seek to bar Eni's Uganda entry
    Tullow Oil PLC may try to block a plan by Heritage Oil PLC to sell its 50% interest in Ugandan Blocks 1 and 3A to Italy’s Eni SPA for as much as $1.5 billion, according to local media.
  • 12/16/2009 -- Nicaragua
    Ram Power Corp., Reno, Nev., will drill two more wells for Phase 1 expansion of its San Jacinto-Tizate geothermal power project near Leon, northwest of Managua, Nicaragua.
  • 12/15/2009 -- New Brunswick Frederick Brook well is discovery
    Corridor Resources Inc., Halifax, NS, pronounced its Green Road well in New Brunswick, Canada, as a new field discovery after it tested gas from two shaly intervals.
  • 12/15/2009 -- Quebec
    Talisman Energy Inc., Calgary, plans a hydraulic fracs in early 2010 at its first Ordovician Utica shale horizontal well in Quebec’s St. Lawrence Lowlands.
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Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

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Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

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