More Oil & Gas Exploration and Development News

Fitch: Drilling downturn might prompt some consolidation

Sep 8, 2014

A cyclical downturn in offshore drilling might provide an opportunity for driller contractors having financial flexibility to buy their peers at favorable prices, Fitch Ratings of Chicago said in a recent research note, adding that master limited partnerships (MLPs) in particular can provide financial flexibility.

AU Energy to acquire Tullow Netherlands unit

Sep 5, 2014

AU Energy BV, a subsidiary of Mercuria Energy Group Ltd., has agreed to acquire Dutch operated and nonoperated L12/L15 block interests and nonoperated Q4 and Q5 block interests from Tullow Exploration & Production BV, a subsidiary of Tullow Oil PLC, for $81.1 million.

Statoil signs farm-in deals with Repsol for offshore Colombia

Sep 4, 2014

Statoil AS has signed farm-in agreements with Repsol for two licenses offshore Colombia.

Ryder Scott: Trinidad and Tobago’s gas reserves fell in 2013

Sep 3, 2014

Trinidad and Tobago’s proved natural gas reserves declined from 13.106 tcf in 2012 to 12.24 tcf in 2013. This is according to the latest survey of the Caribbean twin-island nation’s nonassociated gas conducted by Houston-based Ryder Scott Petroleum Consultants.

Pemex lets contract for offshore survey

Sep 3, 2014

Mexico’s Petroleos Mexicanos (Pemex) has let a $31.5 million contract to Fugro for an offshore multisite, high-resolution geophysical and geotechnical survey set to start this month.

Tullow reports exploration, appraisal activity onshore Kenya

Sep 3, 2014

Tullow Oil PLC, London, reported recent exploration and appraisal results from Blocks 10BB and 13T onshore Kenya.

 

Shell makes Utica gas discovery in Pennsylvania

Sep 3, 2014

Royal Dutch Shell PLC has made a natural gas discovery within the Utica shale in Tioga County, Pa.

AWE makes gas discovery with Senecio well in Western Australia

Sep 2, 2014

AWE Ltd., Sydney, has made what it is calling a significant gas reservoir discovery below the original target with its Senecio exploration well drilled in the onshore Perth basin of Western Australia.

Inpex transferring 25% interest in East Malaysia deepwater block to Santos

Sep 2, 2014

Inpex Corp. is transferring 25% interest in a deepwater exploration block in East Malaysia to Santos Ltd.

BOEM answers assertions

Sep 1, 2014

A federal government agency's scientists usually don't feel compelled to more fully explain the basis for their decisions.

Static, dynamic data integration improves reservoir modeling, characterization

Sep 1, 2014

This article introduces a methodology for reservoir characterization, geological modelling, and well-performance prediction. The methodology integrates petrophysical and pressure-transient data to build a detailed geological reservoir model (RM) with anisotropy.

Virtual flow metering improves Chinese offshore production

Sep 1, 2014

A common problem for inflow-rate metering in subsea wells is the lack of real-time, three-phase flow rates, which are critical for reservoir characterization and well optimization.

Nelson-Farrar monthly cost indexes

Sep 1, 2014

Earnings, revenues down for OGJ150 in 2013; liquids output, reserves up

Sep 1, 2014

The combined earnings of the OGJ150 group declined 3.03% during 2013 to $88.1 billion. The group's revenues for the year were also down 7.32% from a year earlier to $944.9 billion.

OGJ100 group posts lower 2013 earnings

Sep 1, 2014

Oil & Gas Journal's survey of the 100 leading oil and gas producing firms based outside the US reveals that 2013 net income and revenues fell modestly from 2012 results in most regions except Canada.

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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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