More Oil & Gas Exploration and Development News

GOM Revenue Sharing-2: GOMESA Phase II revenues impacted by several factors

Apr 6, 2015

The first phase of the 2006 Gulf of Mexico Energy Security Act (GOMESA) regulated revenue sharing in the gulf's 181 Area and 181 South Area.

New assessment for Central Nigeria's Bida basin highlights geological prospects

Apr 6, 2015

The Bida basin is the least studied of all Nigeria's inland frontier basins. To date, no exploratory wells have penetrated its sequences, and subsurface data are limited.

East Mediterranean Development-1: Levant basin presents narrowing resource opportunities

Apr 6, 2015

Discovery of the Levant basin province in the easternmost Mediterranean has provided an opportunity to modifify traditional political structures in the region.

OGJ Newsletter

Apr 6, 2015

International news for oil and gas professionals

Strike extends Sea Lion play off Falklands

Apr 2, 2015

Premier Oil PLC will plug a discovery well on the Zebedee prospect after successfully testing a southward extension of its Sea Lion oil field under development north of the Falkland Islands.

RFF speakers relay challenges faced by Alaskan offshore oil developers

Apr 2, 2015

Significant problems ranging from the lack of deepwater ports and spill-response systems to potential impacts on wildlife and indigenous populations need to be solved before US Arctic offshore oil exploration and production moves ahead, speakers agreed at a Resources for the Future (RFF) event.

Alberta tells Duvernay operators to watch for seismic events

Apr 1, 2015

The Alberta Energy Regulator said oil and gas companies working in the Duvernay zone near the Fox Creek area are to monitor for seismic events, and companies are to take certain outlined actions in case a seismic event registers greater than 2.0 on the Richter scale.

Canada Briefs

Apr 1, 2015

Schneider tries to reassure industry about DOI’s regulatory plans

Apr 1, 2015

The US Department of the Interior is committed to developing federal oil and gas resources and wants to engage producers more aggressively to determine the best ways to do this, Asst. Sec. for Land and Minerals Management Janice Schneider said on Mar. 31.

New DOI record of decision reaffirms 2008 Chukchi Sea lease sale

Apr 1, 2015

The US Department of the Interior issued a record of decision reaffirming US Outer Continental Shelf Lease Sale No. 193 in the Chukchi Sea and remaining oil and gas leases issued in 2008 as a result.

U-M researchers analyze Michigan's policy options for hydraulic fracturing in Utica-Collingwood

Apr 1, 2015

University of Michigan researchers released a detailed draft analysis of policy options for hydraulic fracturing in Michigan during February.

Eni signs PSCs for two blocks offshore Myanmar

Mar 31, 2015

Eni SPA has signed production-sharing contracts for Blocks MD2 and MD4 offshore Myanmar following participation in the country’s International Bid Round launched in 2013.

Johnson to succeed Kirkland as Chevron executive VP, upstream

Mar 31, 2015

Chevron Corp. has appointed James W. Johnson to succeed George L. Kirkland as executive vice-president, upstream. Kirkland, who also serves as vice-chairman, will retire from the company effective June 15.

Reliance signs PSC for Myanmar blocks

Mar 31, 2015

Reliance Industries Ltd. (RIL) has taken on 96% interest in a production sharing contract as operator for blocks M17 and M18 off Myanmar. Both offshore blocks encompass 27,600 sq km in up to 3,000 ft of water in the Moattama basin. RIL won two out of three bids, the company said.

Maryland’s AG opposes Mid-Atlantic OCS oil and gas leasing

Mar 31, 2015

Maryland Attorney General Martin E. Frosh (D) said he strongly opposes proposed oil and gas activity on the Mid-Atlantic US Outer Continental Shelf in comments submitted to the US Bureau of Ocean Energy Management.

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