More Oil & Gas Exploration and Development News

Obama makes Alaska’s Bristol Bay off-limits for oil, gas activity

Dec 17, 2014

US President Barack Obama placed Bristol Bay off-limits for future oil and gas leasing, extending a temporary withdrawal he imposed in 2010 that was due to expire in 2017. The Dec. 16 announcement effectively excludes the entire North Aleutian Basin from consideration in the new 5-year Outer Continental Shelf program the US Bureau of Ocean Energy Management has begun to prepare.

Cooper to buy 50% of offshore Gippsland Sole gas field

Dec 17, 2014

Cooper Energy Ltd., Adelaide, has bought a 50% interest in the offshore Gippsland Sole dry gas field in retention lease Vic/RL3 as well as 50% of the Orbost onshore gas plant in eastern Victoria from Santos Ltd.

Repsol to acquire Talisman in $13 billion deal

Dec 16, 2014

Spain’s Repsol SA has agreed to acquire all shares of Talisman Energy Inc. of Calgary for $8.3 billion along with assumed debt of $4.7 billion. The deal has been approved and recommended by Talisman’s board, and the companies hope to complete it by midyear 2015.

Eni reports flow test rates for well offshore Congo (Brazzaville)

Dec 15, 2014

A production test conducted by Eni SPA on the Minsala Marine 1 NFW well offshore Congo (Brazzaville) flowed 5,000 b/d of 41° gravity oil and 14 MMscfd of gas from an opened section comprising 37 m out of the 420 m oil column identified in the discovery.

Cook to head DONG Energy E&P group

Dec 15, 2014

David B. Cook has been named group executive vice-president and chief executive officer for exploration and production at DONG Energy, Fredericia, Denmark. He previously was executive officer and head of oil and gas at Abu Dhabi National Energy Co. (TAQA).

Security takes center stage

Dec 15, 2014

Thwarting terrorists, repelling pirates, and routing organized crime: sounds like themes of familiar, big-budget Hollywood movies.

EIA: US proved oil, gas reserves continue to climb

Dec 15, 2014

US proved reserves of oil and natural gas have increased by 9% and 10%, respectively, according a recent report from the US Energy Information Administration.

Falling prices may pose new test for China oil policies, speakers say

Dec 15, 2014

China, which successfully revised its oil strategy in response to new technologies since 2008, could face fresh tests if prices stay low for a prolonged period, speakers at a Carnegie Endowment for International Peace forum suggested.

EOG sees crude potential in Leonard, Second Bone Spring

Dec 12, 2014

EOG Resources considers various formations within the Delaware basin of West Texas and New Mexico to be one of its three top US plays with the other two plays being the Eagle Ford in south Texas and the Bakken in North Dakota.

Encana plans to hit the ground running in Permian

Dec 12, 2014

Encana Corp. has announced its second major acquisition in a Texas oil play this year, agreeing in September to acquire Permian basin-focused producer Athlon Energy Inc. for $7.1 billion.

Frac ban exemption made in Broomfield

Dec 12, 2014

A Colorado District Court judge has ruled that a hydraulic fracturing ban in Broomfield, Colo., does not apply to an operator that entered into an agreement with the city before the ban was passed.

Uncertainty lingers about local content rules as Mexico prepares for competitive bid round

Dec 12, 2014

The energy industry around the world has it eyes on Mexico as the country implements constitutional and legislative reforms that are set to open its energy industry up to private investment for the first time in 75 years.

COGA calls frac fluid study "sound science"

Dec 12, 2014

Chemicals used in fracturing fluid appear to be no more toxic than chemicals commonly found in homes, said an analysis by University of Colorado Boulder researchers who studied surfactants found in fracturing fluid samples collected in five states.

OSHA seeks to limit silica exposure for oil workers, Proposed rules target frac sand mining, fracturing

Dec 12, 2014

The rapid growth in oil and gas production from shale and tight oil formations in the US is generating a boom in a related industry: frac sand. Sand is frequently used as a proppant in hydraulic fracturing.

Study links methane contamination in water wells to poor well construction-not fracing-in Marcellus

Dec 12, 2014

A new study found that fugitive gas contamination at eight clusters of water wells in the Marcellus and Barnett shale regions might be linked to well integrity issues but not hydraulic fracturing.

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