More Oil & Gas Exploration and Development News

Watching Government: Texas bills clarify fracing roles

Apr 27, 2015

Lawmakers in Texas are weighing in on one oil and gas issue there this spring as their federal counterparts consider-and sometimes duck-ways to authorize more LNG and crude oil exports and other broader national questions.

EIA: Eagle Ford’s Eagleville oil field largest in US

Apr 24, 2015

The Eagleville oil field in South Texas, discovered only in 2009, is the largest in the US, according to a supplement to a report from the US Energy Information Administration called “US Crude Oil and Natural Gas Proved Reserves, 2013.”

USGS report aims to improve quake prediction from induced seismicity

Apr 24, 2015

The US Geological Survey issued a report with preliminary outlines of models to predict severity of ground tremors in areas where sharp seismicity increases have been reported. It said the models ultimately aim to calculate how often earthquakes are expected to occur in the next year, and how hard the ground will likely shake as a result.

MOL agrees to buy Ithaca Petroleum Norge

Apr 24, 2015

MOL Group has committed to drill three exploration wells offshore Norway during 2015-16 under an agreement to buy Ithaca Petroleum Norge from Ithaca Petroleum Ltd., part of Ithaca Energy, for $600 million.

Congressional Republicans see undue restrictions in 2017-22 OCS draft

Apr 23, 2015

Congressional Republicans—led by Senate Energy and Natural Resources Committee Chair Lisa Murkowski (Alas.) and House Natural Resources Committee Chair Rob Bishop (Utah)—urged US Interior Sec. Sally Jewell to offer more tracts in currently open US Outer Continental Shelf areas and begin leasing in areas now off-limits under the next 5-year OCS program.

CERAWeek: Evolutions of Pemex, YPF running parallel

Apr 23, 2015

Chief executives of Mexico’s Petroleos Mexicanos (Pemex) and Argentina’s YPF SA are both seeing energy reforms within their respective countries, and both emphasize the need for investment from international oil and gas companies to achieve their new goals.

Upper East Coast US Senate, House members oppose Atlantic leasing

Apr 23, 2015

Observing both Earth Day and the fifth anniversary of the Macondo deepwater well accident and crude oil spill, US Senate and House members—largely Democrats from Northeastern and Mid-Atlantic states—introduced bills to stop federal offshore oil and gas leasing off the Atlantic coast.

CERAWeek: Company, industry have transformed since Macondo, BP CEO says

Apr 22, 2015

This week marked the 5-year anniversary of the Deepwater Horizon explosion in the deepwater Gulf of Mexico that took 11 lives and resulted in the costliest oil spill in US history, a somber occasion of which Bob Dudley, BP PLC chief executive officer since the aftermath of the incident, took a moment to remember during an Apr. 21 IHS CERAweek luncheon.

Noble Energy settles air pollution charges from D-J basin operations

Apr 22, 2015

Noble Energy Inc. agreed to settle federal and state air pollution charges stemming from its Denver-Julesburg basin oil and gas exploration and production activities, the US Department of Justice, Environmental Protection Agency, and State of Colorado jointly said.

ConocoPhillips reports dry holes off Angola, deepwater gulf

Apr 22, 2015

ConocoPhillips reported that its Omosi-1 deepwater exploration well, drilled on Block 37 offshore Angola in the Kwanza basin, reached a total depth of 20,666 ft and found a 525-ft gas column in the primary objective reservoir. The well has been plugged; no further activity is planned.

Statoil lets carbon dioxide service contract for Bakken

Apr 21, 2015

Statoil has let a major carbon dioxide supply and service agreement to Ferus LP of Denver to supply liquid CO2 to be used in a test well to evaluate potential production uplift and partially replace water in a large multistage hydraulic fracturing operation in a horizontal oil well.

Walker named senior vice-president at Lundin

Apr 20, 2015

Lundin Petroleum AB has appointed Nick Walker as senior vice-president, development and operations.

Repsol makes third gas discovery in Algeria’s Illizi basin

Apr 20, 2015

Repsol SA encountered gas at a depth of 1,307 m in the Tan Emellel Sud-Ouest-2 (TESO-2) exploration well of the Sud-Est Illizi block in southeast Algeria, yielding a flow rate of 175,000 cu m/day and 90 b/d of condensate on a 32/64-in. choke.

OGJ Newsletter

Apr 20, 2015

International news for oil and gas professionals

CSIS forum: More cooperation needed to address Arctic challenges

Apr 17, 2015

More cooperation not just between government and the oil and gas industry, but with a broad range of residents and businesses inside and outside Alaska, is essential to address pressing infrastructure challenges there, speakers at a Center for Strategic and International Studies forum agreed.

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