More Oil & Gas Exploration and Development News

Financial questions seen for US shale gas, tight-oil plays

Mar 25, 2014

Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the author of a March comment published by the Oxford Institute for Energy Studies (OIES).

BPTT adds to reserves at Angelin offshore Trinidad and Tobago

Mar 24, 2014

BP Trinidad & Tobago's (BPTT) Ocean Bottom Cable Seismic (OBCS) has already added significant proved reserves to its Angelin gas discovery in 80 m of water offshore the east coast of Trinidad and Tobago, the company said.

BOEM: Firms bid $850 million in high bids in central gulf lease sale

Mar 24, 2014

The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks, resulting in a total of $850 million in apparent high bids. The lease sale was held Mar. 19 in New Orleans.

Statoil makes gas find on flank of Visund field in North Sea

Mar 24, 2014

Statoil Petroleum AS has made a natural gas discovery on the northeast flank of Visund field in the northern part of the North Sea, the Norwegian Petroleum Directorate reported.

CNOOC makes natural gas discovery in Bohai Bay

Mar 24, 2014

CNOOC Ltd. has made what it describes as a “mid-sized” natural gas discovery in the Bozhong 22-1 structure in the south-central region of Bohai Bay.

Tethys reports second successful gas well in Kazakhstan

Mar 20, 2014

Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian region of Kazakhstan, indicating that the AKK18 well is similar to the AKK15 well that tested gas at a stable rate of 7 MMcfd. AKK18 is anticipated to test at a comparable rate.

BOEM: Firms bid $850 million in high bids in central gulf lease sale

Mar 19, 2014

The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks, resulting in a total of $850 million in apparent high bids. The sale was held Mar. 19 in New Orleans.

CNOOC makes gas discovery in Qiongdongnan basin

Mar 19, 2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

Mar 19, 2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

BOEM issues programmatic EIS for offshore Atlantic G&G activity

Mar 17, 2014

The US Bureau of Ocean Energy Management moved a step closer to geologic and geophysical (G&G) activity on the southern and mid-Atlantic US Outer Continental Shelf as it released its long-awaited final programmatic environmental impact statement (PEIS) for the area.

Cairn completes drilling on Moroccan prospect

Mar 17, 2014

Cairn Energy PLC reported that its JM-1 well offshore Morocco has been plugged and abandoned without testing. The well commenced drilling in January and reached a total depth of 3,711 m. The stated objectives of Upper and Middle Jurassic were reached, the company said.

DNO completes additional horizontal wells in Tawke field

Mar 17, 2014

DNO International ASA, Oslo, has started production from two newly completed horizontal wells at a combined rate of 37,000 b/d in Tawke field in Iraq’s Kurdistan Region.

RWE Dea Egypt updates Disouq gas project

Mar 14, 2014

RWE Dea Egypt reported another positive appraisal of the North West Khilala (NWK) natural gas field, part of the Disouq gas project, with its NW Khilala-1-4 development well.

Petrobras confirms deepwater oil find with Pitu well

Mar 13, 2014

Petroleo Brasileiro SA (Petrobras) has announced that its 1-BRSA-1205-RNS (1-RNS-158) wildcat well has completed drilling.

BPTT adds to reserves at Angelin offshore Trinidad and Tobago

Mar 13, 2014

BP Trinidad & Tobago’s (BPTT) Ocean Bottom Cable Seismic (OBCS) has already added significant proved reserves to its Angelin gas discovery in 80 m of water offshore the east coast of Trinidad and Tobago, the company said.

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