More Oil & Gas Exploration and Development News

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.

BOEM gives final notice on central, eastern gulf lease sales

Feb 13, 2014

The US Bureau of Ocean Energy Management (BOEM) has given final notice to prospective bidders on the more than 40 million acres made available for oil and gas exploration and development in the Gulf of Mexico.

Matador provides Permian, Eagle Ford operations update

Feb 13, 2014

Matador Resources Co., Dallas, has provided an update for its operations in the Permian and Eagle Ford basins.

Eni discovers wet gas, light oil offshore Congo (Brazzaville)

Feb 13, 2014

Eni SPA has announced that its Nene Marine 3 exploration well has discovered wet gas and light oil in the Marine XII block offshore Congo (Brazzaville).

Anadarko, Origin drill exploration well in New Zealand’s Canterbury basin

Feb 12, 2014

Origin Energy Resources NZ Ltd. and a unit of Anadarko Petroleum Corp. have started drilling a joint venture exploration well in the Canterbury basin east of New Zealand’s South Island. The drilling operation will take about 40 days and will reach an expected total depth of 9,100 ft subsea in 3,600 ft of water, according to Origin.

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