More Oil & Gas Exploration and Development News

Oryx updates oil production plans in Iraq Kurdistan

Jan 27, 2014

Oryx Petroleum Corp., Calgary, updated its continued exploration and development plans for its Demir Dagh discovery in the Kurdistan Region of Iraq. The company reported in late 2013 that it believed it was months away from a commerciality declaration and could start oil production in midyear.

Court ruling’s impact on existing Alaska OCS leases uncertain

Jan 24, 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.

Cobalt makes deepwater presalt discovery offshore Angola

Jan 23, 2014

Cobalt International Energy Inc. and partners have made an oil and condensate discovery in the syn-rift interval with the Bicuar 1A presalt deepwater exploratory well drilled offshore Angola.

Lundin Petroleum updates reserves

Jan 22, 2014

Lundin Petroleum AB, Stockholm, has reported that its net proved and probable working interest reserves are 194.1 million boe as of Dec. 31, 2013. The company forecasts production of 30,000-35,000 boe/d for 2014.

Operators await details as Mexico implements energy reforms

Jan 22, 2014

International oil and gas companies keenly await more details as Mexico’s Congress drafts and debates secondary laws to implement its recently passed energy reforms. Opinions vary on whether Mexico can meet the deadlines it scheduled for secondary laws and the creation of various regulatory groups.

Shell, Mubadala swap Malaysian interests

Jan 22, 2014

Mubadala Petroleum, Abu Dhabi, has agreed with Shell to swap equity interests in two exploration blocks offshore Malaysia.

Old onshore concession ends in Abu Dhabi

Jan 22, 2014

Abu Dhabi National Oil Co. (ADNOC) has become the sole shareholder of Abu Dhabi Co. for Onshore Oil Operations (ADCO) after the expiration this month of a 75-year-old concession involving participation by international oil companies.

Cairn Energy outlines exploration plans for 2014

Jan 21, 2014

With a formal announcement of its 2013 drilling results scheduled for March, Cairn Energy PLC says it plans to drill nine wells this year. According to the company, its 2014 exploration program will be conducted across a mix of frontier and mature basins.

Norway makes offers for 65 production licenses in APA 2013

Jan 21, 2014

Offers will be sent to 48 companies for 65 new oil and gas production licenses on the Norwegian continental shelf, according to the Norwegian Petroleum Directorate. The offers are being issued after the authorities have evaluated applications from 50 companies in the Awards in Pre-defined Areas 2013 (APA 2013).

Rosneft replaces 179% of hydrocarbon reserves in 2013

Jan 21, 2014

OAO Rosneft said it replaced 179% of its hydrocarbon reserves in 2013.

India to assess 26 sedimentary basins in 30 months

Jan 21, 2014

India plans to assess all 26 sedimentary basins covering 3.14 million sq km in the next 30 months, according to the government’s press information bureau.

Energy a key element in US Chamber's plans for 2014, Donohue says

Jan 20, 2014

Advancing and protecting the US energy revolution will be a key part of the US Chamber of Commerce's 2014 strategy, Pres. Thomas J. Donohue said Jan. 8 in his annual State of American Business address.

OGUK: Change needed to address UK exploration crisis

Jan 20, 2014

Malcolm Webb, chief executive officer of trade group Oil & Gas UK, said the UK has an exploration crisis and that change is urgently needed to address it.

Innex California, Rango Energy form US joint venture

Jan 20, 2014

Innex California Inc., Dallas, has signed a definitive joint venture, operating, and acquisition agreement with Rango Energy Inc. that covers certain Innex assets in California and a project in western Oklahoma.

Premier Oil outlines Indonesian drilling plans for 2014

Jan 17, 2014

Premier Oil PLC reported plans to drill 13 wells in 2014—6 exploration, 2 appraisal, and 5 near-field—that will target more than 160 million boe of net unrisked prospective oil and gas resources.

Market Connection

mac-weld machinery

MAC-WELD Machining Ltd.

MAC-WELD Machining Ltd. Thermowells, Instrument Valves, Level Chambers, Orifice Plates, Bleed/Flush Rings. Over 35 years of instrumentation hardwa...
Proco

Expansion Joints and Check Valves

Proco Products, Inc. is a global leader in the design and supply of piping/ducting system expansion joints and rubber check valves. We offer the mo...
Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Welded

Contact Us for YOUR Next Pipeline Construction Project

We are a mainline contractor capable of installing pipeline projects ranging up to 48” anywhere within the United States. We give our clients a bal...
Stay Connected