More Oil & Gas Exploration and Development News

OMV makes Barents Sea oil discovery

Jul 3, 2014

OMV (Norge) AS, operator of PL 537 in the Barents Sea offshore Norway, estimates that its Hanssen discovery (Sto formation) contains 20-50 million boe, largely oil.

Total sees new West of Shetland hub with Edradour gas project

Jul 3, 2014

Total SA expects to add oil and gas reserves exceeding 65 million boe to its Laggan-Tormore gas and condensate development in deep water west of the UK Shetland Islands by developing and tying back nearby Edradour gas field.

Chile looking to gas to meet energy demand, energy minister says

Jul 2, 2014

Chile is focusing most of its attention on natural gas to meet the country’s energy demand challenges, stated Maximo Pacheco Matte, the newly appointed Minister of Energy, during a July 2 panel discussion in Houston.

Woodside makes gas discovery offshore Western Australia

Jul 2, 2014

Woodside Petroleum Ltd. reported that its Toro-1 exploration well, drilled in permit WA-430-P, has intersected about 150 m of gross natural gas (65 m net) within the Mungaroo formation target. The well, which reached a total depth of 3,724 m referenced from the rig rotary table, is in Western Australia’s Exmouth subbasin and within 22 km of Woodsides’ existing Ragnar-1A discovery.

Petrobras starts extended well test at Iara

Jul 1, 2014

Petroleo Brasileiro SA (Petrobras) has started an extended well test (EWT) in the Iara evaluation area on Block BM-S-11, 300 km offshore Brazil in 2,200 m of water.

Premier sells interest in Indonesian block

Jul 1, 2014

Premier Oil PLC, London, has sold the wholly owned subsidiary that holds a 41.67% equity interest in Block A, Aceh Province, in North Sumatra, Indonesia, to KrisEnergy Asia Holdings BV for after-tax consideration of $40 million plus working capital adjustments.

NEB okays Baffin Bay, Davis Strait survey

Jun 30, 2014

Canada’s National Energy Board has approved a 2D seismic survey in the Baffin Bay and Davis Strait.

Eni signs contract for block offshore Vietnam

Jun 30, 2014

Eni SPA has signed a production-sharing contract with PetroVietnam for exploration of Block 122 offshore Vietnam.

E&Y: US oil, gas companies' reserves, profits up in 2013

Jun 30, 2014

A slight decrease in capital spending by US oil and gas companies in 2013 gave way to a 9% increase in oil and gas reserves, strong oil prices, and improving natural gas prices, Ernst & Young reported June 24 in its annual US oil and gas reserves study.

EAGE: Southern North Sea yields discoveries, despite conventional wisdom

Jun 30, 2014

In production since 1965, the southern North Sea has long been perceived as a mature play with very few new opportunities. While the region's production has remained stable, operators focused in the region have been forced to look outside of the productive fairways and other areas to find additional reserves.

OGJ Newsletter

Jun 30, 2014

International news for oil and gas professionals

Comstock reports Eagle Ford shale well results

Jun 26, 2014

Comstock Resources Inc., Frisco, Tex., reported successful results of its first well drilled in its East Texas extension of the Eagle Ford shale in Burleson County, Tex.

Rampart updates Alaska North Slope seismic results

Jun 26, 2014

An independent assessment has identified two drilling prospects with a cumulative 325.3 million bbl of oil potential onshore Alaska’s North Slope in Rampart Energy Ltd.’s Western block.

Eni granted permits for Algerian fields

Jun 25, 2014

Algeria’s state-owned Sonatrach has granted Eni SPA three prospection permits, authorizing Eni, as operator, and Sonatrach to carry out prospection activities in the Timimoun and Oued Mya basins of southern Algeria.

Lukoil to acquire interest in Etinde offshore Cameroon

Jun 24, 2014

OAO Lukoil plans to acquire 37.5% interest in the Etinde production sharing agreement offshore Cameroon from Bowleven PLC.

Market Connection

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