More Oil Discoveries News

Statoil, ExxonMobil make another gas discovery offshore Tanzania

Jun 18, 2014

Statoil ASA and coventurer ExxonMobil Corp. have made what the companies are calling a “high-impact” gas discovery in the Piri prospect offshore Tanzania, marking the sixth discovery on Block 2 by the firms.

Beach Energy JV makes two discoveries in Cooper western flank

Jun 3, 2014

A joint venture of Beach Energy Ltd., Adelaide, and Drillsearch Energy Ltd. has added to is successful drilling campaign with two discoveries in the western flank of the Cooper basin in permit PEL 91 in South Australia.

Nevada's Chainman shale shows exploration potential

Jun 2, 2014

The fold and thrust belt play that extends through eastern Nevada and western Utah remains largely underexplored.

Pipelines or oil trains?

Jun 2, 2014

A group of University of Minnesota students were scheduled to join other students in boarding diesel-burning buses recently for Washington, DC.

Petrobras confirms Santos basin presalt discovery

May 21, 2014

Initially announced as a discovery in February 2013, Brazil’s Petroleo Brasileiro SA (Petrobras) has confirmed that its 1-SPS-98 (1-BRSA-1063-SPS) well, the first to be drilled on Block BM-S-50 offshore Brazil, has tested carbonate reservoirs with good permeability.

KMG EP makes oil, gas discovery in Rozhkovskoye field

May 14, 2014

KazMunaiGas Exploration Production Joint Stock Co. (KMG EP) reported making an oil and gas discovery in the Bashkirian tier’s sediments of the Carboniferous period in Rozhkovskoye field. On test in reservoirs of the Bashkirian period, the U-24 well flowed at maximum rates of 1,900 b/d of light, dry crude oil and 6 MMcfd of gas through a 9½-mm choke.

GlobalData: Kenya’s first commercial oil find could generate $10 billion

May 14, 2014

Kenya’s first commercial oil discovery in South Lokichar basin’s Block 10BB/13T could generate $10 billion in revenue over a 30-year production period based on regional geological characteristics and well test results, according to an analyst with research and consulting firm GlobalData.

Mexico's subsurface presents new E&P opportunities

May 5, 2014

Sweeping changes to Mexico's hydrocarbon laws will open the country for private operators to invest in oil and gas exploration and production and to book reserves secured by a variety of contracts.

Statoil: Johan Castberg fails to deliver oil volume expectations

May 2, 2014

Statoil ASA and its PL532 partners concluded the 2013-14 Johan Castberg field exploration program by making an oil and gas discovery in the Drivis prospect in the Barents Sea. However, it represented just the second oil discovery in the field, falling beneath Statoil’s volume expectations.

Stone discovers oil in deepwater Cardona South well

Apr 28, 2014

Stone Energy Corp., Lafayette, La., encountered more than 275 ft of net oil pay in three separate sections of the deepwater Cardona South well on Mississippi Canyon Block 29 in the Gulf of Mexico.

A moralist's energy transition: from security to climate

Apr 28, 2014

From a master of high-minded muddle-headedness on energy comes, well, more high-minded muddle-headedness on energy.

New Keystone dawdling

Apr 28, 2014

New dawdling over the Keystone XL pipeline border crossing fails the US in so many ways that identifying the worst way should be difficult. But it's not.

Statoil's oil sands production saw slight decline in 2013

Apr 21, 2014

Statoil ASA reported a slight decrease in its oil sands production in 2013 because of a planned multiweek plant shutdown for facility maintenance and the integration of new scientific research and experimental development measures, according to the company's 2013 Oil Sands Report.

Total discovers oil deep offshore Ivory Coast

Apr 17, 2014

Total Exploration & Production says its Saphir-1XB exploratory well discovered oil in deepwater off Ivory Coast.

Shell makes deepwater gas discovery offshore Malaysia

Apr 17, 2014

Royal Dutch Shell PLC has made a natural gas discovery with the Rosmari-1 well, which was drilled 135 km offshore Malaysia on Block SK318.

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