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More Oil & Gas Exploration and Development News

Salazar, Alaska producers view final NPR-A plan differently

Feb 22, 2013

US Sec. of the Interior Ken Salazar signed a final plan for managing the National Petroleum Reserve-Alaska that he and several environmental organizations called balanced, and the Alaska Oil & Gas Association called needlessly restrictive.

Iraq: KRG awards Qara Dagh block to Chevron

Feb 22, 2013

The Kurdistan Regional Government has awarded the Qara Dagh block to Chevron Corp.

ConocoPhillips farms into Western Australia shale project

Feb 21, 2013

ConocoPhillips has committed to its $109.5 million farmin to Perth-based New Standard Energy Ltd.’s Goldwyer shale project in the onshore Canning basin of Western Australia.

Three zones yield 2,812 b/d at Kenya onshore discovery

Feb 21, 2013

Tullow Oil PLC has tested sweet, waxy 37° gravity crude from three good quality reservoir sand zones in the Auwerwer formation at the Twiga South-1 oil discovery on Block 13T in northwestern Kenya.

Gran Tierra gauges Peru's Bretana at 1,984 b/d rate

Feb 21, 2013

Natural oil flow from the Upper Cretaceous Vivian sandstone far exceeded expectations at the Bretana Norte exploratory well in Peru, and Gran Tierra Energy Inc., Calgary, will drill a horizontal leg in the same formation.

Basinal indications seen on Tanzanian onshore PSAs

Feb 20, 2013

Aerogravity and magnetic surveys conducted in 2012 have confirmed the presence of sedimentary basins on the Kilosa-Kilombero PSA and the possibility of sedimentary basins on the Pangani PSA onshore coastal Tanzania, said Otto Energy Ltd., Perth.

Rosneft seeks Asian partners for Arctic projects

Feb 20, 2013

OAO Rosneft Pres. and Chairman Igor Sechin met with oil company executives in China and Japan to discuss establishing partnerships in Russian offshore Arctic projects and possibly future LNG projects.

McMoRan books South Louisiana onshore subsalt reserves

Feb 20, 2013

McMoRan Exploration Co., New Orleans, booked 12.9 billion cubic feet equivalent of net proved reserves as the first reserves to be booked in the South Louisiana ultradeep subsalt trend.

 

Perth basin precleanup shale gas flow rate encouraging

Feb 19, 2013

Norwest Energy NL, Perth, reported an encouraging early flow rate of 350 Mscfd of gas from Permian Carynginia shale at its Arrowsmith-2 well on EP413 in the Perth basin of Western Australia.

RIL, BP offer $5 billion to hike KG D6 gas output

Feb 19, 2013

Reliance Industries Ltd. and BP have told the Indian government they plan to invest $5 billion over 3-5 years to boost production from disappointing deepwater fields on the KG-D6 block off the country’s eastern coast.

Piceance Niobrara/Mancos horizontal work growing

Feb 19, 2013

Fourteen horizontal wells have been drilled in the Cretaceous Mancos shale in the Piceance basin in northwestern Colorado, said Dejour Energy Inc., Denver.

Yemen: Calvalley sees Block 9 oil reserves decline

Feb 19, 2013

Reserves attributable to Calvalley Petroleum Inc.’s 50% working interest in Block 9 in Yemen’s Masila basin fell to 12.5 million bbl at the end of 2012 from 14.7 million bbl a year earlier, the Calgary company said.

Morocco: Longreach nears Essaouira basin drilling

Feb 18, 2013

Longreach Oil & Gas Ltd., London, said it looks forward to drilling its first well within months on the 4,711 sq km Sidi Moktar license in the Essaouira basin onshore central Morocco.

ExxonMobil-Rosneft expand Arctic net to Alaska, LNG

Feb 18, 2013

ExxonMobil Corp. and Russia's Rosneft have agreed to expand a 2011 strategic cooperation agreement to include far more Russian Arctic exploratory acreage, possible Rosneft participation in ExxonMobil's Point Thomson gas-condensate field in Alaska, and a potential Russian Arctic LNG project.

Ernst & Young provides Arctic assessment

Feb 18, 2013

The quest for Arctic oil and gas resources "is not for the faint of heart, nor for those with less-than-deep pockets," Ernst & Young said in a special report, adding operators confront a harsh climate, limited infrastructure, exceptionally long lead times, and complex logistics for spill containment and recovery.

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