More Oil & Gas Exploration and Development News

Statoil: Johan Castberg fails to deliver oil volume expectations

May 2, 2014

Statoil ASA and its PL532 partners concluded the 2013-14 Johan Castberg field exploration program by making an oil and gas discovery in the Drivis prospect in the Barents Sea. However, it represented just the second oil discovery in the field, falling beneath Statoil’s volume expectations.

Madagascar: OMV farms into onshore blocks

Apr 30, 2014

OMV AG reported it will acquire 35% participating interest in Madagascar onshore Blocks 3109 and 3111 from Tullow Oil PLC, which will retain 65% and continue as operator. The transaction is subject to approval from Madagascar’s government.

Bakken field production reaches 1 billion bbl mark

Apr 28, 2014

Citing data from IHS, Continental Resources Inc. reported that Bakken field has surpassed 1 billion bbl of cumulative light, sweet crude oil production during this year’s first quarter.

Stone discovers oil in deepwater Cardona South well

Apr 28, 2014

Stone Energy Corp., Lafayette, La., encountered more than 275 ft of net oil pay in three separate sections of the deepwater Cardona South well on Mississippi Canyon Block 29 in the Gulf of Mexico.

Statoil drills, cases Southern Georgina basin exploration well

Apr 28, 2014

Statoil Australia Theta BV has successfully drilled and cased the OzAlpha-1 well in exploration permit 104 in the Southern Georgina basin of Australia’s Northern Territory.

Indonesia: Premier finds oil, gas with Kuda Laut well

Apr 28, 2014

Premier Oil PLC reported that the Kuda Laut-1 well, drilled in the Tuna production-sharing contract area offshore Indonesia, has discovered 183 ft of net oil-bearing reservoir and 327 ft of net natural gas-bearing reservoir. Premier serves as operator with 65%.

Morocco: Longreach advances Essaouira basin exploration program

Apr 28, 2014

Longreach Oil & Gas Ltd. has successfully drilled the Koba-1 exploration well on the company’s operated Sidi Moktar exploration license in Morocco’s Essaouira basin. The company said it encountered “very encouraging natural gas resource potential,” including 45 m of reservoir potential.

New Keystone dawdling

Apr 28, 2014

New dawdling over the Keystone XL pipeline border crossing fails the US in so many ways that identifying the worst way should be difficult. But it's not.

OGJ Newsletter

Apr 28, 2014

International news for oil and gas professionals

A moralist's energy transition: from security to climate

Apr 28, 2014

From a master of high-minded muddle-headedness on energy comes, well, more high-minded muddle-headedness on energy.

US gas reserve growth in 2013 was robust, AGA estimates

Apr 28, 2014

US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

Tullow drills dry hole with Tapendar-1 offshore Mauritania

Apr 25, 2014

Tullow Oil PLC reported it did not find hydrocarbons with its Tapendar-1 exploration well drilled in the C-10 license offshore Mauritania. Tullow said it will plug and abandon the well.

Norway: TGS starts 2D, 3D seismic work in Barents Sea

Apr 24, 2014

TGS-NOPEC Geophysical Co. has started 2D and 3D multiclient projects in the Norwegian Barents Sea in preparation for the 23rd Norwegian licensing round.

Simba Energy to conduct 2D seismic survey in Kenya

Apr 22, 2014

Simba Energy Inc., Vancouver, BC, has signed an agreement with Bell Geospace to conduct a comprehensive airborne full-tensor gradiometry (FTG) survey on Block 2A in Kenya. The 30-day survey is expected to start in early May.

Statoil's oil sands production saw slight decline in 2013

Apr 21, 2014

Statoil ASA reported a slight decrease in its oil sands production in 2013 because of a planned multiweek plant shutdown for facility maintenance and the integration of new scientific research and experimental development measures, according to the company's 2013 Oil Sands Report.

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