More Oil Discoveries News

AWE makes gas discovery with Senecio well in Western Australia

Sep 2, 2014

AWE Ltd., Sydney, has made what it is calling a significant gas reservoir discovery below the original target with its Senecio exploration well drilled in the onshore Perth basin of Western Australia.

CERI: Market access key to Canadian bitumen output

Sep 1, 2014

Outcomes in two areas of critical uncertainty can mean a difference in Canadian bitumen production in 2030 of 1.7-1.8 million b/d, according to a study published by the Canadian Energy Research Institute.

Declining costs enhance Duvernay shale economics

Sep 1, 2014

Alberta's Duvernay play is often characterized as Canada's Eagle Ford and is similarly seen as one of the most economically attractive plays in North America.

Shell makes another deepwater gas discovery offshore Malaysia with Marjoram-1

Aug 26, 2014

Royal Dutch Shell PLC has made another natural gas discovery on Block SK318 offshore Malaysia with the deepwater Marjoram-1 well, which was drilled in 800 m of water 180 km offshore.

New Keystone dawdling

Aug 25, 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.

Mancharee-1 well doesn’t find significant pay offshore Thailand

Aug 25, 2014

KrisEnergy Ltd., Singapore, reported it has concluded drilling an exploration well on Block G10/48 in the Gulf of Thailand, where the company is developing Wassana oil field.

Santos group makes gas-condensate find near Ichthys field offshore W. Australia

Aug 25, 2014

A group led by Santos Ltd. has made a gas and condensate discovery in the Lasseter-1/ST1 well drilled in the Browse basin offshore Western Australia.

Apache makes major oil discovery off Western Australia

Aug 18, 2014

Apache Corp. has made an oil discovery with its Phoenix South-1 well, drilled 110 miles north of Port Hedland in 435 ft of water in permit WA-435-P of Australia’s offshore Canning basin. The company estimates as much as 300 million bbl of oil could be in place.

Beach’s Balgowan-1 extends oil fairway in Cooper basin

Aug 14, 2014

Following recent discoveries in PEL 91, Beach Energy Ltd. reported an oil discovery in the Namur sandstone and McKinlay member at its Blagowan-1 exploration. The company confirmed an extension of the oil fairway to the northeast of its Stunsail-1 wildcat and Pennington-2 appraisal well on the western flank of the Cooper basin in South Australia.

Canada Briefs

Aug 13, 2014

Petrobras confirms extension of Jupiter oil discovery

Aug 13, 2014

Petroleo Brasileiro SA (Petrobras) reported that the 3-BRSA-1246-RJS well proved an extension of the Jupiter oil discovery on Block BM-S-24 in the presalt Santos basin.

Monterey proves more complex than average shale play

Aug 13, 2014

A pending cut in the Energy Information Administration's resource estimate for the Monterey shale reflects the complexity of the play relative to other US tight oil plays and the need for more research into its geology.

Statoil fails to find oil in Arctic’s Hoop program

Aug 7, 2014

Statoil ASA has wrapped up its 2014 exploration program in the Hoop area of the Norwegian Barents Sea, northeast of Johan Castberg, without making any commercial discoveries.

Abandoned gulf reservoirs provide low cost, low risk prospects

Aug 4, 2014

Production growth of onshore unconventional oil and gas and of deepwater oil has headlined a fundamental change in US hydrocarbon supply in the last 6 years.

Chesapeake, RKI E&P agree on Powder River acreage exchange

Aug 4, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

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