More Oil & Gas Exploration and Development News

Tethys makes oil discovery in Oman

Feb 12, 2014

Tethys Oil AB has made an oil discovery onshore Oman, 13 km south of the B4EW4 discovery.

FAR signs farmout deal for permits offshore Senegal

Feb 12, 2014

Perth-based FAR Ltd. (formerly First Australian Resources) has received $5.5 million (Aus.) from UK firm Cairn Energy PLC in a farmout deal in its exploration permits offshore Senegal.

Dow Chemical urges Australia’s DOI to reform reserves policy

Feb 11, 2014

In a submission to the Australian government’s Eastern Australian Gas Market Study, Dow Chemical of Australia has reportedly urged the Department of Industry to apply a “use it or lose it” policy to the country’s onshore gas reserves.

CNPC proves major gas find at Anyue field’s Moxi block

Feb 11, 2014

China National Petroleum Corp. has confirmed that its Moxi block in the Anyue gas field contains technically recoverable reserves of up to 308.2 billion cu m.

Exploration/Development Briefs

Feb 10, 2014

Countries moving geopolitically on Arctic energy, Wilson forum told

Feb 10, 2014

Countries already are making geopolitical moves to secure Arctic oil and gas resources despite actual development being decades away in most cases, experts agreed at a Woodrow Wilson International Center for Scholars forum.

OGJ Newsletter

Feb 10, 2014

International News for oil and gas professionals

Pacific Rubiales makes oil discovery in Peru

Feb 5, 2014

Pacific Rubiales Energy Corp., Toronto, has made an oil discovery in the Los Angeles-1X exploration well on Block 131 of Peru’s onshore Ucayali basin.

VAALCO gets IFC loan for work off Gabon

Feb 4, 2014

VAALCO Energy Inc., Houston, has received a $65-million reserve-based loan facility from IFC, part of the World Bank Group, to support further oil and gas development on the Etame Marin Block offshore Gabon.

Improved proppant placement in glutenite reservoir aids fracturing

Feb 3, 2014

A novel stimulation method in a tight glutenite reservoir with larger thicknesses has shown promise is a field case.

Giant fields retain dominance in reserves growth

Feb 3, 2014

In spite of the increasing importance of shale gas and tight oil in the new century, future oil and gas supply continues to be dominated by conventional petroleum reserves.

Court ruling's impact on existing Alaska OCS leases uncertain

Feb 3, 2014

A federal appeals court ruled a portion of the environmental impact statements prepared prior to federal oil and gas leasing off Alaska's Arctic coast was improperly prepared, and sent the matter back to the district court that heard the lawsuit for further action.

Barclays: North America E&P spending expected to rise 7% in 2014, led by US

Feb 1, 2014

Following 2 years of tepid growth, North America is poised to see an acceleration of exploration and production spending in 2014 as US operators move into full scale development of unconventional resource plays.

Fate of hydraulic fracturing uncertain in Nova Scotia

Feb 1, 2014

The government of Nova Scotia, Canada, was preparing in December to consider legislation that would ban the importation of hydraulic fracturing wastewater into the province.

Deloitte: North Sea production, licensing up in 2013

Jan 29, 2014

An increased focus on development activity by operators in the UK resulted in a 5-year high in the number of fields that started oil and gas production, according to a report on offshore activity released by Deloitte on Jan. 29.

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