More Oil & Gas Exploration and Development News

Woodside consolidates position in Porcupine basin off Ireland

Mar 6, 2014

Woodside Petroleum Ltd. has consolidated its position in Porcupine basin off western Ireland following the award of two exploration licences to Petrel Resources PLC, Dublin.

WHL farms out Seychelles offshore exploration project

Mar 5, 2014

WHL Energy Ltd., Perth, has farmed out a 75% interest in its Seychelles offshore exploration project to Ophir Energy PLC, London.

Lundin completes Balqis exploration well offshore Indonesia

Mar 4, 2014

Lundin Petroleum AB has completed exploration drilling of the Balqis prospect in the Baronang production-sharing contract (PSC) in the Natuna Sea off Indonesia.

Climate and clouds

Mar 3, 2014

A new United Nations report suggests an imminent danger from global warming. It states that without drastic action we may have "to develop the ability to suck greenhouse gases out of the atmosphere and store them underground".

RWE Dea Norge starts appraisal drilling at Titan

Mar 3, 2014

RWE Dea Norge AS has started drilling appraisal well 35/9-11 S to assess the Titan discovery in production license 420 about 16 km west of Gjoa field in the North Sea. It’s the first of two wells to be drilled on the license this year.

NPD: DNO oil find in Barents Sea ‘not commercially interesting’

Mar 3, 2014

The Norwegian Petroleum Directorate has deemed a Barents Sea oil discovery “not commercially interesting.” The well was drilled by the Transocean Ltd.’s Transocean Barents semisubmersible drilling rig for operator DNO ASA.

Statoil, ExxonMobil test Tanzania Block 2 resource

Mar 3, 2014

Statoil ASA and ExxonMobil Corp. completed their first drillstem test in the Tanzania Block 2 resource. Two separate, equipment-constrained intervals flowed at a maximum of 66 MMcfd, confirming good reservoir quality and connectivity, according to Statoil.

Central Illinois shows Siluro-Devonian oil potential

Mar 3, 2014

The Siluro-Devonian is one of the hottest oil and gas plays in the Illinois basin.

Senators ask Kerry to study Keystone XL health impacts

Mar 3, 2014

US Senate Energy and Public Works Committee Chair Barbara Boxer (D-Calif.) and committee member Sheldon Whitehouse (D-RI) jointly asked US Sec. of State John F. Kerry to fully examine potential health impacts before making a decision on the proposed Keystone XL crude oil pipeline.

VAALCO deems Dimba exploration well uneconomic

Feb 28, 2014

VAALCO Energy, Houston, reported its exploration well in the Dimba prospect, 7 miles northeast of the Etame field offshore Gabon, has been drilled to a total depth of 3,040 m and estimated recoverable reserves have been determined to be uneconomic.

Warrego Energy signs farmout for tight gas field

Feb 28, 2014

Warrego Energy Ltd., Perth, has signed a $40 million (Aus.) farmout agreement with Dutch exploration and production specialists Dyas BV and Mazarine Energy BV to bring technical expertise to development of the West Erregulla tight gas field in the onshore North Perth basin in Western Australia.

India sets new policy for geoscientific data generation

Feb 28, 2014

India is seeking to accelerate exploration and production operations with a new policy on geoscientific data generation.

BOEM issues programmatic EIS for offshore Atlantic G&G activity

Feb 27, 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.

Gazprom Neft boosts proved, probable reserves in 2013

Feb 27, 2014

JSC Gazprom Neft said it boosted proved and probable hydrocarbon reserves in 2013.

Lundin spuds Edvard Grieg appraisal well

Feb 26, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has started drilling appraisal well 16/1-18 on PL338 in the southeastern part of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf.

Market Connection

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