Oil & Gas Exploration
& Development

Oil & Gas Exploration & Development

Deepwater, land discoveries high-grade East African margin

Apr 2, 2012

World-class deepwater natural gas discoveries offshore in the Indian Ocean have turned the East African margin into one of the planet's hottest exploration theaters.

FOCUS: UNCONVENTIONAL OIL & GAS — Canadian provinces follow US states in hydraulic fracing guidelines, rules

Mar 5, 2012

Canadian provinces, like some US states, are forming hydraulic fracturing guidelines and regulations in an ongoing attempt to avoid controversy regarding groundwater and surface water safety.

Agiba finds Western Desert Cretaceous near-giant

May 24, 2012

Agiba Petroleum Co. has made a Cretaceous oil and gas discovery in Egypt’s Western Desert initially judged to have 150-250 million bbl of oil in place.

Calgary firm to test Vaca Muerta in Neuquen subbasin

May 24, 2012

Americas Petrogas Inc., Calgary, said it will spud the La Hoya x-1 exploratory well in early June 2012 with the Jurassic-Cretaceous Vaca Muerta shale as primary objective on the 293,600-acre Totoral block in the Picun Leufu subbasin of the Neuquen basin in Argentina.

Michigan pinnacle reef joint venture planned

May 24, 2012

Petrolympic Ltd., Toronto, plans to form a joint venture with Energex Petroleum Inc., Windsor, Ont.,  to acquire 50% indirect working interest in Energex’s Michigan pinnacle reef properties. Energex is working towards a public listing in Toronto.

Mexico: Pemex awards Campeche platform contract

May 24, 2012

Pemex Exploracion y Produccion has awarded a contract for the Ayatsil-B drilling platform to McDermott International Inc.

CNOOC tests oil discovery in Liaodong Bay

May 24, 2012

CNOOC Ltd. said it has tested the Luda 21-2 oil discovery in southern Liaodong Bay of Bohai Gulf at 608 b/d from the “thickest oil layers found in the exploration of Bohai clastic rocks in recent years.”

Namibia: HRT to contract semi for deepwater drilling

May 24, 2012

HRT Participacoes em Petroleo SA, Rio de Janeiro, will sign a final contract in early June under which the Transocean Marianas semisubmersible will drill for the company offshore Namibia starting in late 2012.

Congo (former Zaire): SOCO plans aerial surveys

May 23, 2012

SOCO International PLC plans to fly aerogravity and aeromagnetic surveys over part of Block V in eastern Congo (former Zaire) in June 2012.

UK offshore license applications set record

May 23, 2012

The UK government received a record-high 224 applications for North Sea oil and gas drilling licenses in its 27th offshore licensing round.

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