More Oil & Gas Exploration and Development News

No significant shows for Tullow exploratory well in Kenya

Mar 11, 2015

Tullow Oil PLC, London, reported that its first well drilled in Kenya’s North Turkana basin did not find significant oil or gas shows.

Tap Oil awarded two blocks on North West Shelf

Mar 10, 2015

Tap Oil Ltd. has been awarded 100% interest in Blocks W14-7 and W14-16 in the prospective Barrow and Dampier sub-basins on the North West Shelf as part of Australia’s 2014 Offshore Petroleum Exploration Acreage Release.

Foxtrot finds oil, gas offshore Ivory Coast

Mar 9, 2015

The Marlin North-1 well drilled by Foxtrot International LDC, Abidjan, offshore Ivory Coast flowed gas and oil from the Turonian and Lower Senonian intervals, neither of which had previously tested hydrocarbons on Block CI-27.

BP makes another East Nile Delta gas discovery

Mar 9, 2015

BP PLC unit BP Egypt’s Atoll-1 deepwater exploration well has penetrated 50 m of gas pay in high-quality Oligocene sandstones in the North Damietta Offshore Concession of the East Nile Delta.

UDW drilling in deep water?

Mar 9, 2015

A March report from the US Energy Information Administration forecasts increased production from the Gulf of Mexico over the next 2 years (OGJ Online, Mar. 3, 2015).

CSIS report outlines main US oil infrastructure challenges

Mar 9, 2015

The US crude oil renaissance has created strong demand for expanded US transportation systems, resulting in five primarily challenges, a recent Center for Strategic and International Studies report concluded.

Low crude prices pressure Latin American producers, CSIS forum told

Mar 9, 2015

Depressed crude oil prices are putting new pressure on Latin American producing countries to improve terms if they expect to attract outside investment for developing resources, speakers said last month during a discussion at the Center for Strategic & International Studies.

Watching Government: Why call-ups are continuing

Mar 9, 2015

Western Energy Alliance members were fully aware that more significant federal onshore oil and gas policies are being developed in the nation's capital now than in the Rocky Mountains where the independent producers live and work.

Pennsylvania's DEP releases proposed changes to well site regulations

Mar 9, 2015

Pennsylvania's Department of Environmental Protection (DEP) proposed changes to its regulations governing oil and gas well sites. The proposals aim to improve water resource protection, add public resource considerations, protect public safety, address landowner concerns, and enhance transparency by improving data management, DEP said.

Venezuela, Trinidad and Tobago sign energy accord

Mar 5, 2015

Venezuela and neighboring Trinidad and Tobago have signed an agreement that will enable both countries to develop the Manakin-Cocuina natural gas fields along their shared maritime border.

Lundin investigates hydrocarbon potential of North Sea’s Morkel prospect

Mar 5, 2015

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has started drilling exploration well 33/2-2S to investigate the hydrocarbon potential and reservoir properties of the Jurassic section of the Morkel prospect in PL579 of the northern North Sea.

Vaalco commences drilling on Block 5 offshore Angola

Mar 5, 2015

Vaalco Energy Inc., Houston, has spudded the post-salt Kindele-1 well on Block 5 offshore Angola to test a fault block adjacent to the Mubafo discovery, which tested oil from the Mucanzo sand section within the Pinda group formations.

BOEM proposes lease sale for western Gulf of Mexico

Mar 3, 2015

The US Bureau of Ocean Energy Management (BOEM) will offer more than 21 million acres offshore Texas for oil and gas exploration and development, including all available unleased areas in the western Gulf of Mexico planning area, in Lease Sale 246, scheduled for August in New Orleans.

GOM REVENUE SHARING-1 Lease sales drive gulf OCS revenues

Mar 2, 2015

The Gulf of Mexico (GOM) Energy Security Act of 2006 (GOMESA) provides for sharing offshore lease revenues in the GOM Outer Continental Shelf (OCS).

Kosmos well establishes gas, condensate potential of Laayoune basin off Morocco

Mar 2, 2015

A noncommercial gas and condensate discovery offshore Morocco establishes exploratory potential of the frontier Laayoune basin, reports operator Kosmos Energy.

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