More Oil Discoveries News

Santos participates in Malaysian oil find

Mar 26, 2015

The JX Nippon-led joint venture that includes Santos, Inpex, and Petronas has made an oil discovery with the Bestari-1 wildcat drilled offshore Sabah, Malaysia.

Alberta introduces oil sands environmental requirements

Mar 23, 2015

Alberta introduced new requirements to control tailings ponds and regulate water use from the Athabasca River as part of the Canadian province's efforts to reduce oil sands development impacts.

Political disputes, insecurity stymie Lebanese bid round

Mar 23, 2015

For a promising natural gas resource off Lebanon, the only reportable discoveries are of ways to defer exploration.

Gas discovery ups resource base for Aasta Hansteen development

Mar 18, 2015

Discovery well 6706/12-2, drilled by Transocean Ltd.’s Spitsbergen drilling rig for operator Statoil ASA, proved a 105-m gas column in the Nise formation of the Snefrid Nord prospect in the Norwegian Sea.

Santos, Drillsearch find more wet gas in west Cooper basin

Mar 17, 2015

Santos Ltd. and Drillsearch Energy Ltd. have discovered wet gas in their Kyanite-1 wildcat in permit PEL 513 in the western Cooper basin fairway in South Australia.

Eni studies hike Merakes gas potential offshore Indonesia

Mar 16, 2015

Post-drilling studies conducted by Eni SPA on its Merakes-1 gas discovery have upgraded its potential to 2 tcf of gas in place from a previously estimated 1.3 tcf.

Eni makes ‘significant’ gas, condensate find offshore Libya

Mar 16, 2015

Eni SPA encountered gas and condensates in the Metlaoui formation of Eocene age while drilling the B1-16/4 well in the Bahr Essalam South exploration prospect of Contract Area D offshore Libya.

Watching Government: NWT make plans

Mar 16, 2015

Canada's Northwest Territories sit on trillions of cubic feet of natural gas, yet many of its 43,000 residents pay more than they should to heat their homes each winter because they have to rely on diesel fuel.

API examining environmental impacts of dilbit when released

Mar 16, 2015

The American Petroleum Institute is studying the properties of diluted bitumen (dilbit) and expects to develop findings about how oil sands crude behaves when it is accidentally released, API Pipeline Director Peter Lidiak told a National Academies hearing on the subject.

Foxtrot finds oil, gas offshore Ivory Coast

Mar 9, 2015

The Marlin North-1 well drilled by Foxtrot International LDC, Abidjan, offshore Ivory Coast flowed gas and oil from the Turonian and Lower Senonian intervals, neither of which had previously tested hydrocarbons on Block CI-27.

BP makes another East Nile Delta gas discovery

Mar 9, 2015

BP PLC unit BP Egypt’s Atoll-1 deepwater exploration well has penetrated 50 m of gas pay in high-quality Oligocene sandstones in the North Damietta Offshore Concession of the East Nile Delta.

CSIS report outlines main US oil infrastructure challenges

Mar 9, 2015

The US crude oil renaissance has created strong demand for expanded US transportation systems, resulting in five primarily challenges, a recent Center for Strategic and International Studies report concluded.

Kosmos well establishes gas, condensate potential of Laayoune basin off Morocco

Mar 2, 2015

A noncommercial gas and condensate discovery offshore Morocco establishes exploratory potential of the frontier Laayoune basin, reports operator Kosmos Energy.

Evolving PSC offers insight into Mexico's legal framework

Mar 2, 2015

The Mexican National Hydrocarbons Commission (CNH) on Mar. 13 will publish a revised draft of the production-sharing contract (PSC) it proposed last Dec. 11 for exploration and production rights covering 14 shallow-water areas to be offered in the first phase of Round One bidding.

IHS: Crude transported by Keystone XL would be consumed in US

Mar 2, 2015

Most, if not all, of the crude oil that would be transported via the proposed Keystone XL pipeline to the US Gulf Coast would not be exported, and the vast majority of refined product-about 70%-derived from it would be consumed in the US, according to a recent report by IHS.

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