More Oil & Gas Exploration and Development News

Gazprom Neft receives two Arctic Shelf exploration licenses

Jan 16, 2015

Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf and the Heysovskiy block on the Barents Sea shelf.

Eni acquires deepwater blocks offshore Egypt

Jan 15, 2015

Eni SPA will resume exploration offshore Egypt under concession agreements based on production sharing it has signed covering two deepwater blocks offered in Egyptian Natural Gas Holding Co.’s 2013 bid round.

In lower price environment, Tullow Oil writes off $2.7 billion

Jan 15, 2015

Reviewing assets in a declining oil-price environment, Tullow Oil PLC reported pretax write-offs totalling $2.7 billion.

 

E.On E&P adds interest in North Sea’s Manhattan prospect

Jan 13, 2015

E.On E&P has acquired 22.5% interest in several licenses in Blocks 22/13b, 22/14d, 22/18b, and 22/19b covering the Manhattan prospect of the central UK North Sea.

Gulfsands Petroleum completes Moroccan gas discovery

Jan 12, 2015

Gulfsands Petroleum PLC completed its Dardara Southeast 1 well (DRC-1) Rharb Centre Permit in northern Morocco.

That was then...

Jan 12, 2015

Thirty-three years ago, nearly to the day, this editor walked into the Houston offices of Oil & Gas Journal to take a job no one had ever held before...nor would hold again.

Take that, Canada!

Jan 12, 2015

Mexican President Enrique Pena Nieto needs a warning about how the US treats friends nowadays. On the day of his chummy, Dec. 6, 2014, meeting with President Barack Obama in Washington, DC, the White House promised Obama would veto legislation approving the Keystone XL pipeline border crossing.

Obama makes Alaska's Bristol Bay off-limits for oil, gas activity

Jan 12, 2015

US President Barack Obama placed Bristol Bay off-limits for future oil and gas leasing, extending a temporary withdrawal he imposed in 2010 that was due to expire in 2017.

Watching Government: This year's 'infrastructure' matters

Jan 12, 2015

In one of the busiest Decembers ever for oil and gas in the nation's capital, one word-infrastructure-kept popping up as a key challenge for 2015.

Condensate export status a problem with easy solution

Jan 12, 2015

Some perplexing problems have simple solutions.

Petrobras confirms light oil potential of Sergipe basin’s Muriu area

Jan 9, 2015

Petroleo Brasileiro SA (Petrobras) has confirmed the continuation of the light oil accumulation in turbidite sandstone in the Muriu area of the ultradeepwater Sergipe basin.

Barclays sees likely downside to North American E&P budgets

Jan 9, 2015

Global exploration and production spending is expected to decline at least 8.8% in 2015 vs. 2014, according to 225 companies surveyed in the Barclays E&P Spending Outlook. North American budgets, meanwhile, are expected to fall at least 14.1% with significant downside potential, Barclays said.

Sharp drop expected in global E&P spending in 2015, study says

Jan 8, 2015

Global capital expenditures for oil and gas exploration and production projects are expected to drop 17% to $571 billion in 2015, according to Cowen and Co.’s annual study of 476 oil and gas companies’ E&P capex budgets. The study assumes an average West Texas Intermediate price of $70/bbl.

CNOOC makes another gas discovery in Qiongdongnan basin

Jan 6, 2015

CNOOC Ltd. reported making a natural gas discovery with its Lingshui 25-1-1 exploration well drilled in the northeast part of Ledong Sag in the Qiongdongnan basin of the South China Sea. Average water depth is about 980 m.

Chevron makes oil discovery in deepwater gulf Anchor prospect

Jan 6, 2015

Chevron Corp. reported a discovery of oil pay in multiple Lower Tertiary Wilcox sands in its Anchor prospect’s Green Canyon Block 807 Well No. 2, drilled in the deepwater Gulf of Mexico.

Market Connection

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PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
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