More Oil & Gas Exploration and Development News

Gazprom Neft boosts proved, probable reserves in 2013

Feb 27, 2014

JSC Gazprom Neft said it boosted proved and probable hydrocarbon reserves in 2013.

Lundin spuds Edvard Grieg appraisal well

Feb 26, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has started drilling appraisal well 16/1-18 on PL338 in the southeastern part of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf.

Barents Sea seismic collaboration grows

Feb 25, 2014

The Statoil ASA-operated collaboration of oil and gas companies for joint seismic acquisition in the southeastern Barents Sea has expanded, adding 16 companies to reach an updated total of 33. The project’s purpose is to secure good data quality and low acquisition costs, Statoil said.

Stone provides update on deepwater Cardona well

Feb 25, 2014

Stone Energy Corp., Lafayette, La., has reported an update on the progress of its deepwater Cardona well on Mississippi Canyon Block 29 in the Gulf of Mexico.

Watching Government: Murkowski's Arctic heat

Feb 24, 2014

As the nation's capital tried to dig its way out of snow left from a pair of storms, US Sen. Lisa Murkowski (R-Alas.) leveled a blast at the Obama administration for not moving more aggressively on establishing a strong US arctic strategy.

Ithaca makes North Sea oil discovery

Feb 21, 2014

Ithaca Energy Inc. reported the discovery of oil in its Trell prospect in PL102 F/G in the Norwegian North Sea.

Lundin completes Barents Sea exploration well

Feb 21, 2014

Lundin Petroleum AB reported through its subsidiary, Lundin Norway AS, that it has completed drilling of its 7222/11-2 well on the Langlitinden prospect in PL659 in the Barents Sea.

Statoil discovers more gas at Johan Castberg

Feb 20, 2014

Statoil ASA has reported that its exploration well 7220/4-1 has encountered a 130-m gas column in the Sto and Nordmela formations though the company reported that reservoir quality was poorer than expected. In the Snadd formation, the well encountered a 45-m gas column.

Turkey: TransAtlantic to farmout Idil license

Feb 20, 2014

TransAtlantic Turkey Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has reached a farmout agreement with Oslo-based Onshore Petroleum Co. AS on TransAtlantic’s Idil license in southeastern Turkey.

Canacol’s Leono 2 exploration well flows oil from Colombia’s Llanos basin

Feb 19, 2014

Canacol Energy Ltd. has announced its second well, Leono 2, on the LLA 23 contract in the Colombia’s Llanos basin encountered 121 ft of net oil pay in four separate reservoirs.

Dana Gas signs agreement for concession off Nile Delta

Feb 18, 2014

Dana Gas PJSC signed an agreement for the North El Arish Block 6 concession off the Nile Delta, according to a company announcement. The Sharjah-based company was awarded 100% interest in the concession last April after blocks were put up for bid by the Egypt Natural Gas Holding Co.

Apache plans further development for active Egyptian program

Feb 17, 2014

Apache Corp. has applied for licenses to develop two recent discoveries in the Western Desert of Egypt, where drilling now includes horizontal wells targeting conventional and unconventional resources.

Beach extends reserves with Bauer step-out

Feb 17, 2014

Beach Energy Ltd. has further extended reserves in its Bauer oil field in the western flank of the Cooper-Eromanga basins, South Australia with success in a new step-out well.

Lundin spuds exploration well offshore Indonesia

Feb 17, 2014

Lundin Petroleum AB reported its Balqis-01 exploration well is now being drilled in the company's Baronang PSC prospect in the Natuna Sea.

Magnum Hunter finds Utica gas

Feb 14, 2014

Magnum Hunter Resources Corp. (MHR), Houston, has reported a dry gas discovery on its first Utica shale well. The Stalder No. 3UH had peak production of 32.5 MMcfd on an adjustable choke with 4,300 psi.

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