More Oil & Gas Exploration and Development News

WoodMac: US unconventional enters new stage

Dec 12, 2014

The unconventional oil and gas revolution is entering into a new stage with drilling and completion techniques pioneered in unconventional plays now being used to exploit all types of rock in mature US basins, according to research and advisory firm Wood Mackenzie.

Santos makes gas discovery in Cooper basin

Dec 12, 2014

Santos Ltd. has made a wet natural gas discovery in its South Australian Cooper basin permit PEL 513.

Senex moves to commercialize Cooper basin gas field

Dec 11, 2014

Senex Energy Ltd., Brisbane, has successfully tested a sidetrack of the 2007 Vanessa-1 gas discovery in South Australia’s Cooper basin as part of its bid to commercialize the field.

Crown Point reports on two Argentine exploration wells

Dec 11, 2014

Crown Point Energy Inc., Calgary, has released test results for the first of two exploration wells at its Tierra del Fuego concessions in Argentina.

Stone drills successful Utica exploration well

Dec 10, 2014

Stone Energy Corp., Lafayette, La., reported that its Pribble 6HU well in Wetzel County, W.Va., flowed from a 3,605-ft lateral at 30 MMcfd during the last 24 hr of a 5-day test.

CNOOC, Kufpec sign three PSCs for South China Sea

Dec 10, 2014

China National Offshore Oil Corp. Ltd. reported signing three production-sharing contracts for the South China Sea with Kuwait Foreign Petroleum Exploration Co.

Total reorganizes E&P management

Dec 9, 2014

The E&P branch of Total SA will be restructured into five geographical divisions, an exploration division, and five functional divisions. All moves are effective Jan. 1, 2015 unless specified otherwise.

Chevron, ONGC among companies awarded 15 exploration permits by New Zealand

Dec 9, 2014

New Zealand’s government has awarded six onshore permits across the Taranaki, West Coast, and East Coast basins, and nine offshore permits across the Taranaki, East Coast, Reinga-Northland, and Pegasus basins, all part of the country’s Block Offer 2014.

Origin makes Otway gas discovery

Dec 9, 2014

Origin Energy Ltd., Sydney, has made a gas discovery in the offshore Otway basin of western Victoria.

Centrica makes gas discovery northeast of Aasta Hansteen field

Dec 8, 2014

The Norwegian Petroleum Directorate reported what it is calling a minor gas discovery made by Centrica Resources Norge AS.

Watching Government: Did Maryland go too far?

Dec 8, 2014

Maryland finally proposed a strategy to regulate unconventional natural gas exploration and production on Nov. 25. The question quickly moved from what was taking so long to whether it went too far.

Moody's: E&P spending to dip as crude oil prices slide

Dec 8, 2014

Weakening crude oil prices will cut exploration and production spending by independent producers in the US next year and make integrated oil and gas companies wary of upstream projects dependent on a price of $80/bbl, according to Moody's Investors Service.

House passes defense bill with BLM drilling permit program provision

Dec 5, 2014

The US House of Representatives approved a fiscal 2015 defense appropriations bill that includes a provision to extend and make permanent an onshore drilling permit processing pilot program in several US Bureau of Land Management field offices.

US proved oil, gas reserves continue to climb

Dec 4, 2014

US proved reserves of oil and natural gas have increased by 9% and 10%, respectively, according to the US Energy Information Administration. The 3.1-billion bbl increase in proved oil reserves in 2013 marks the fifth consecutive jump, EIA said in a recent report. Proved oil reserves reached 36.5 billion bbl in 2013, up from 33.4 billion bbl in EIA’s report in 2012.

InterOil confirms Raptor discovery in Papua New Guinea

Dec 3, 2014

InterOil Corp. has confirmed the presence of a “multihundred-meter hydrocarbon column” in excess of the 200-m gross gas interval previously encountered by the Raptor-1 well, 12 km west of Antelope field in Papua New Guinea.

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