More Oil Discoveries News

Cairn-led JV makes another oil discovery offshore Senegal

Nov 19, 2014

A well drilled offshore Senegal by a group led by Cairn Energy PLC will be plugged and abandoned following completion of logging operations, and will be appraised next year.

CNOOC makes oil find with Lufeng well in South China Sea

Nov 19, 2014

China National Offshore Oil Corp. Ltd. reported what it is calling a midsized oil discovery in the eastern part of the South China Sea.

Saudis have reasons better than shale to let prices fall

Nov 17, 2014

Only by overlooking important forces in markets and politics can anyone assert that Saudi Arabia is letting crude prices fall mainly to extinguish competition from North American shale oil.

Oil sands 2014-38 outlay to top $514 billion

Nov 17, 2014

Total investment in Canadian oil sands projects during 2014-38 will exceed $514 billion (2013 Can.), according to the Canadian Energy Research Institute (CERI).

Obama determined to let Keystone XL review process 'play out'

Nov 17, 2014

US President Barack Obama reiterated his stance on Nov. 5 that the proposed Keystone XL crude oil pipeline's ongoing cross-border permit review process should be allowed to proceed amid suggestions that Republicans winning majority control of the Senate in elections a day earlier opens the way for congressional legislation on the matter to reach his desk.

Norske Shell finds gas with Ormen Lange appraisal well

Nov 14, 2014

Norske Shell found a 28-m gas column with an appraisal well in Ormen Lange field, the Norwegian Petroleum Directorate reported.

Group makes second oil find offshore Senegal

Nov 10, 2014

The group comprised of Cairn Energy, ConocoPhillips, and FAR Ltd. has made a second oil discovery offshore Senegal with the SNE-1 wildcat well.

WoodMac: High WCS-WTI price spread seen lingering

Nov 10, 2014

Growing production of Canadian heavy crude oil and problems delivering the new supply to distant markets will keep the discount of Western Canadian Select crude high against the West Texas Intermediate price, according to Wood Mackenzie.

Business mood dark as questions hover over UK offshore

Nov 10, 2014

Falling oil prices, rising costs, and looming political questions darken the business mood about the UK offshore.

Gas price uncertainty could defer projects, Niko says

Nov 4, 2014

Niko Resources Ltd., Calgary, says uncertainty regarding natural gas price premiums in India could cause deferral of development of certain discoveries.

Total encounters oil via Garantiana appraisal well in North Sea

Nov 3, 2014

Total E&P Norge AS encountered a 120-m total gross oil column with appraisal well 34/6-3 S in the Cook formation on production license 554, 30 km northeast of Visund field in the Norwegian North Sea. The company describes the reservoir quality as “very good.”

Critical habitat proposals may do serious harm, business groups say

Nov 3, 2014

Two federal agencies' proposals to change the Endangered Species Act's critical habitat designation procedures potentially could cause serious damage to the general economy, warned nearly a dozen US business groups, including two oil and gas entities.

Eni makes oil discovery offshore Congo (Brazzaville)

Oct 30, 2014

Eni SPA encountered what it is calling a “significant accumulation” of light oil through a hydrocarbon column of 420 m in the Lower Cretaceous age presalt sequence on the Marine XII block offshore Congo (Brazzaville).

Eni finds gas near Jangkrik offshore Indonesia

Oct 28, 2014

Eni SPA has discovered natural gas in its first well on the East Sepinggan Block offshore East Kalimantan, Indonesia, 35 km from where it is developing Jangkrik gas field.

Repsol makes ultradeepwater oil discovery in Gulf of Mexico

Oct 28, 2014

Spain’s Repsol reported an ultradeepwater oil discovery on Keathley Canyon Block 642 in the Gulf of Mexico.

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