More Oil Discoveries News

CNOOC has midsized oil find in Bohai’s Liaodong

Oct 23, 2013

CNOOC Ltd. said it has discovered heavy oil at a midsized oil and gas structure in the Liaodong Bay area of Bohai Gulf and made another oil discovery elsewhere in the southern part of Bohai offshore China.

Repsol groups adds Libya Murzuk light oil find

Oct 21, 2013

A group led by Repsol has added a light oil discovery on the 4,400 sq km NC 115 block in the Murzuk basin in the Sahara 800 km south of Tripoli, Libya.

Australia needs to broaden energy strategy, UQ professor says

Oct 18, 2013

A strategy that established renewable energy targets did not keep Australia from becoming as polarized—and paralyzed—as the US in the energy and climate-change debate, the director of the University of Queensland's Energy Initiative told a Washington, DC, audience.

Statoil upbeat on exploration, diverse assets

Oct 14, 2013

Statoil ASA believes it can boost its production from offshore Norway, Canada, and Tanzania while also building its production from US onshore unconventional assets, Statoil Chief Executive Officer Helge Lund said during a media briefing on Oct. 7 in Houston.

Noble sees possible 250 MMcfd well rates off Cyprus

Oct 4, 2013

Noble Energy Inc., having tested a stepout more than 4 miles from its A-1 discovery well offshore Cyprus, said performance modeling indicates that development wells in the reservoir should have the capacity to deliver as much as 250 MMcfd of gas.

BG Group touts Pweza as its largest Tanzania gas find

Oct 2, 2013

Results of a drillstem test of the Pweza deepwater gas discovery indicates that the reservoir is “potentially the most prolific in BG Group’s Tanzania portfolio,” the company said.

Permian carbonates flow 4,300 b/d at Barents Gohta find

Oct 2, 2013

A group led by a unit of Lundin Petroleum AB has flow-tested its Gohta discovery in the Barents Sea at 4,300 b/d of oil, confirming for the first time oil and gas in a play model that so far has been unsuccessful on the Norwegian Continental Shelf.

Wolfcamp shale graduates to 'world class' play

Oct 1, 2013

DENVER, Colo.—"The Wolfcamp could possibly become the largest oil and gas discovery in the world," said Scott Sheffield, chief executive officer, Pioneer Natural Resources Co.

IHS: World's tight oil resources hold large potential

Sep 30, 2013

The world has large potential technical recoverable resources of tight oil possibly several times those of North America, according to a recent geological study by global analytics firm IHS.

Statoil makes gas discovery at Iskrystall in Barents Sea

Sep 23, 2013

A group led by Statoil ASA has made a gas discovery at the Iskrystall prospect on PL 608 in the Barents Sea offshore Norway.

ConocoPhillips drills sidetrack to Proteus gas-condensate discovery

Sep 17, 2013

A joint venture of ConocoPhillips and Karoon Gas Australia Ltd. has confirmed the gas-condensate discovery made last month with the Proteus prospect in the Browse basin offshore Western Australia with a strong test in the Proteus-1 sidetrack well.

Statoil makes oil discovery near Norne field in Norwegian Sea

Sep 16, 2013

Statoil has made an oil discovery in the Svale North prospect in the Norwegian Sea about 9 km northeast of Norne field.

Watching Government: A controversial Utah decision

Sep 16, 2013

Two Utah politicians who normally support oil and gas development questioned a decision by the state's School and Institutional Trust Lands Administration to lease acreage it controls in the Book Cliffs area between Vernal and Moab.

Energy leaders fade

Sep 16, 2013

Early leaders are fading fast in the global competition to reengineer energy use. Australian energy consumers this month routed a government that was raising their electricity bills with a carbon tax.

Flow test confirms Italy Po Valley gas discovery

Sep 13, 2013

The Gradizza-1 gas discovery well on the La Prospera permit in Italy’s Po basin has flowed gas at rates of 175-250 Mcfd, which one participant said affirms the viability of a number of analogous drillable prospects on the adjacent Ponte del Diavolo permit.

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