More Oil & Gas Exploration and Development News

Shell makes third oil discovery in Norphlet deepwater play

Jul 15, 2014

Royal Dutch Shell PLC has made its third major oil discovery in the Jurassic-period Norphlet play in the deepwater Gulf of Mexico with the Rydberg exploration well, drilled 75 miles offshore on Mississippi Canyon Block 525 in the eastern gulf.

InterOil suspends work on Wahoo-1 well in Papua New Guinea

Jul 14, 2014

InterOil Corp., Houston, has suspended drilling of its Wahoo-1 well in PPL 474 in Papua New Guinea after intersecting gas and higher-than-expected pressures that could compromise rig safety.

VNG Norge makes oil discovery in Bue prospect

Jul 14, 2014

VNG Norge AS has made an oil discovery in the Bue prospect near Njord field in the Norwegian Sea, while results from an appraisal well adjusted resource estimates for the Pil discovery.

Woodside farms into Beach’s Tanzania permit

Jul 14, 2014

Woodside Petroleum Ltd. has farmed into Beach Petroleum Ltd.’s wholly owned and logistically intriguing inland offshore permit in Lake Tanganyika, Tanzania.

BHP Billiton farms into deepwater Trinidad and Tobago blocks

Jul 14, 2014

BHP Billiton Ltd. has acquired a 70% stake in BP Trinidad & Tobago's (BPTT) two deepwater blocks off Trinidad and Tobago's east coast, leaving the Caribbean twin-island nation's largest gas producer with 30% interest in Blocks TTDAA 14 and 23(a).

Total sees new West of Shetland hub with Edradour gas project

Jul 14, 2014

Total SA expects to add oil and gas reserves exceeding 65 million boe to its Laggan-Tormore gas and condensate development in deep water west of the UK Shetland Islands by developing and tying back nearby Edradour gas field.

Arawak Energy to acquire Lundin’s Komi region assets

Jul 10, 2014

Arawak Energy Russia BV has agreed to acquire all interests in the Sotchemyu-Talyu and North Irael fields in Russia’s Komi region from Lundin Petroleum AB.

API releases unconventional production community engagement standard

Jul 9, 2014

The American Petroleum Institute issued a new standard specifically aimed at effectively engaging with US communities affected by exploration and development of unconventional oil and gas resources. ANSI-API Bulletin 100-3 emerged following 3 years of meetings and discussions with producers, community leaders, state regulators, property owners and other stakeholders, API Standards Director David Miller said.

Maersk to divest oil field, write off $1.7 billion in Brazil assets

Jul 8, 2014

Maersk Oil, a wholly owned subsidiary of AP Moller-Maersk AS of Copenhagen, has opted to write off $1.7 billion in investments in Brazil’s Wahoo and Itaipu fields while divesting its ownership share in Polvo field.

Shell bows out of Kidan gas project in Saudi Arabia

Jul 8, 2014

Royal Dutch Shell PLC confirmed it will bow out of the Kidan natural gas development project in Saudi Arabia’s Empty Quarter.

Mongolian petroleum law passage aims to boost foreign investment

Jul 8, 2014

Wolf Petroleum Ltd., Perth, reported the passing of a new petroleum law in Mongolia designed to boost foreign investment in the country.

Wintershall to farm in to Luno II lease offshore Norway

Jul 7, 2014

Wintershall Norge AS has agreed to acquire 15% interest in production license 359 (PL359), which encompasses the Luno II discovery, from Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB.

Repsol reports oil discovery east of Trinidad and Tobago

Jul 7, 2014

Spain’s Repsol says it discovered oil with its TB14 well drilled on the TSP block offshore Trinidad and Tobago, upgrading the northern portion of Teak B field.

Woodside signs farm-in for permits offshore Morocco

Jul 7, 2014

Woodside Petroleum Ltd. has finalized a farm-in agreement with independent firm Chariot Oil & Gas Ltd. for a position in the Doukkala basin offshore northwest Morocco.

Shear-wave data enhance reservoir characterization

Jul 7, 2014

A new approach to shear-wave data acquisition should lead to expanded use of shear waves in prospect evaluation and reservoir characterization.

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