More Oil & Gas Exploration and Development News

Sinopec, FTSI form JV to tap China’s unconventional resources

Jun 11, 2014

Sinopec Group has entered into a 15-year joint venture agreement with FTS International (FTSI), Ft. Worth, with the intention of tapping into China’s vast unconventional resources.

ConocoPhillips, Suncor join Shell in deepwater exploration off Nova Scotia

Jun 11, 2014

ConocoPhillips and Suncor Energy Inc. are joining Shell Canada as partners in exploring the deepwater Shelburne basin off Nova Scotia.

Eni farms into permit offshore South Africa

Jun 10, 2014

Eni SPA has agreed to acquire 40% interest and operatorship in exploration right permit 236 (ER236) offshore South Africa’s east coast from Sasol Petroleum International, the upstream oil and gas arm of Sasol Ltd.

BHP Billiton farms into deepwater Trinidad and Tobago blocks

Jun 6, 2014

BHP Billiton Ltd. has acquired a 70% stake in BP Trinidad & Tobago’s (BPTT) two deepwater blocks off Trinidad and Tobago’s east coast, leaving the Caribbean twin-island nation’s largest gas producer with a 30% interest in Blocks TTDAA 14 and 23(a).

Saratoga tests Rocky 3 well at 1,500 b/d of oil

Jun 4, 2014

Saratoga Resources Inc., Houston, has provided an update on its Rocky 3 horizontal development well in Breton Sound Block 32 field.

Beach Energy JV makes two discoveries in Cooper western flank

Jun 3, 2014

A joint venture of Beach Energy Ltd., Adelaide, and Drillsearch Energy Ltd. has added to is successful drilling campaign with two discoveries in the western flank of the Cooper basin in permit PEL 91 in South Australia.

Horizon awarded Stanley gas project licenses

Jun 2, 2014

The Papua New Guinea government has formally awarded a production license (PDL 10) and pipeline license (PL 10) to Horizon Oil Ltd. for development of the Stanley gas project development in western PNG.

Borehole seismic defines reservoirs at point of extraction

Jun 2, 2014

Seismic characterization can be costly. In standard surface acquisition, data are collected well beyond reservoir boundaries. These results are used to map reservoir geometry but often have little effect on individual well performance.

Nevada's Chainman shale shows exploration potential

Jun 2, 2014

The fold and thrust belt play that extends through eastern Nevada and western Utah remains largely underexplored.

Pipelines or oil trains?

Jun 2, 2014

A group of University of Minnesota students were scheduled to join other students in boarding diesel-burning buses recently for Washington, DC.

BOEM awards leases in US-Mexico transboundary area to ExxonMobil

May 30, 2014

The US Bureau of Ocean Energy Management has awarded the first three oil and gas leases in the Gulf of Mexico area subject to the US-Mexico Transboundary Hydrocarbons Agreement to Exxon Mobil Corp., which bid for the blocks during Western Planning Area Sale 233 in August 2013.

Regional seismic survey planned in Libya

May 30, 2014

National Oil Corp. of Libya has signed an agreement with ION Geophysical Corp., Houston, in conjunction with North Africa Geophysical Exploration Co. for a regional seismic survey in Libya.

Carnarvon gets exploration permit in Western Australia

May 30, 2014

Carnarvon Petroleum Ltd., Perth, has been awarded an exploration permit (EP491) on the eastern flank of the Barrow Sub-basin offshore Western Australia.

Forum: Exploration opportunities outnumber available people, capital

May 28, 2014

Oil and gas companies today face more emerging exploration opportunities than they have available capital or people, Susan Cunningham, senior vice-president of Noble Energy Inc., told an oil field breakfast forum hosted by consulting firm Decision Strategies.

Petrovietnam seeks to protect disputed waters ‘by peaceful means’

May 28, 2014

Do Van Hau, president and chief executive officer of Petrovietnam, said at a May 23 press conference that China has not provided a legal basis to justify the view of “disputed waters.”

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