More Oil & Gas Exploration and Development News

Lundin drills, tests Tembakau appraisal well offshore Malaysia

Aug 6, 2014

Lundin Petroleum AB has successfully drilled and tested the Tembakau-2 appraisal well on Block PM307 offshore Malaysia, marking the completion of the company’s first well in its 2014 Malaysian drilling campaign.

Lundin spuds exploration well on Alta prospect

Aug 6, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has spudded exploration well 7220/11-1 in PL609 of the Alta prospect, 20 km northeast of the Gohta discovery in the Barents Sea.

ConocoPhillips, Enap sign deal to study unconventional oil, gas in Chile

Aug 6, 2014

ConocoPhillips and Chile’s state oil company Empresa Nacional del Petroleo (Enap) have signed a technical agreement to jointly conduct geological, geophysical, and engineering studies to determine the potential for unconventional hydrocarbon resources in the Magallanes region in southern Chile.

BHP, BG awarded deepwater blocks offshore Trinidad and Tobago

Aug 5, 2014

Trinidad and Tobago’s Ministry of Energy and Energy Affairs has awarded two deepwater blocks to a consortium of BHP Billiton Petroleum (International Exploration) Pty. Ltd. and BG International Ltd. The ministry reported that the companies had been awarded Blocks TTDAA 3 and TTDAA 7 as part of its 2013 bid round.

Nelson-Farrar monthly cost indexes

Aug 4, 2014

Based on a sample taken Feb. 4, 2014, BP PLC has published an updated assay of its Saturno Blend crude oil, which is the marketing name for production from Plutão, Saturno, Venus, and Marte (PSVM) fields in the ultradeepwater area of Block 31 off Angola (OGJ Online, Jan. 31, 2013; Feb. 4, 2009; Nov. 24, 2003; Mar. 17, 2003).

Chesapeake, RKI E&P agree on Powder River acreage exchange

Aug 4, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

Abandoned gulf reservoirs provide low cost, low risk prospects

Aug 4, 2014

Production growth of onshore unconventional oil and gas and of deepwater oil has headlined a fundamental change in US hydrocarbon supply in the last 6 years.

GUIDE TO WORLD CRUDES: BP updates assay for Angolan Saturno crude

Aug 4, 2014

Based on a sample taken Feb. 4, 2014, BP PLC has published an updated assay of its Saturno Blend crude oil, which is the marketing name for production from Plutão, Saturno, Venus, and Marte (PSVM) fields in the ultradeepwater area of Block 31 off Angola (OGJ Online, Jan. 31, 2013; Feb. 4, 2009; Nov. 24, 2003; Mar. 17, 2003).

API survey finds gap between voters, federal officials on development

Aug 4, 2014

A substantial gap exists between registered voters' support for more US oil and gas development on federal lands, and what they think federal officials actually are doing about it, according to a recent survey commissioned by the American Petroleum Institute.

Simplified LWD method improves geosteering, well placement

Aug 4, 2014

With the recent advancements in directional drilling and the use of rotary-steerable systems, more deviated and horizontal wells are being drilled and evaluated around the world, especially in Saudi Arabia. In these complex reservoirs, logging while drilling (LWD) wave-propagation allows accurate geosteering and well placement.

Senate Democrats call for expanded leasing in next OCS 5-year plan

Aug 1, 2014

Energy and Natural Resources Committee Chairwoman Mary L. Landrieu (D-La.) and three other US Senate Democrats urged US Sec. of the Interior Sally Jewell to consider leasing more of the US Outer Continental Shelf for oil and gas exploration and development in the next 5-year program.

Gazprom Neft starts exploratory drilling in Iraq’s Kurdistan region

Aug 1, 2014

JSC Gazprom Neft has commenced with exploratory drilling on the Shakal block in the southwest part of Iraq’s Kurdistan region.

BLM drilling permit bill attracts broad support at Senate hearing

Aug 1, 2014

Witnesses and committee members argued over the extent of oil and gas drilling permit delays at US Bureau of Land Management field offices. But they strongly supported a bill that would make permanent a pilot program enacted in 2005 to begin relieving the problem at a July 29 US Senate Energy and Natural Resources Committee hearing.

Gulfsands drills exploration well in Morocco’s Rharb Centre permit

Jul 31, 2014

Gulfsands Petroleum PLC has successfully drilled the Lalla Yetou Updip-1well (LTU-1) in the Rharb Centre permit of northern Morocco.

Eni makes gas, condensate discovery offshore Gabon

Jul 31, 2014

Italy’s Eni SPA has made a natural gas and condensate discovery in the Nyonie Deep exploration prospect on Block D4 about 13 km offshore Gabon, 50 km from the capital city of Libreville.

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