More Oil & Gas Exploration and Development News

OGJ Newsletter

Jun 29, 2015

Junex provides update on Galt oil property drilling

Jun 26, 2015

Junex Inc., Quebec City, Que., said it is finalizing construction of the surface drilling pad for the Junex Galt No. 5 horizontal well that the company plans to start drilling in late July.

Lundin spuds three wells offshore Norway

Jun 24, 2015

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, spudded three wells: its second Alta appraisal well in the Barents Sea, an appraisal well on Edvard Grieg field in the Norwegian North Sea, and the partner-operated Zeppelin exploration well in the southern North Sea.

WPX Energy adds to acreage in Gallup oil play

Jun 22, 2015

WPX Energy Inc., Tulsa, has added to its San Juan Gallup acreage in New Mexico with the purchase of another 14,300 net acres from an undisclosed seller for about $26 million.

YPFB Andina makes oil discovery in Bolivia’s Boqueron field

Jun 22, 2015

YPFB Andina reported an oil discovery in Boqueron field in Bolivia’s Santa Cruz region. The Boqueron 4D well reached a total depth of 3,237 m and had a flowrate of 700 b/d in initial tests.

US crude export debate increasingly geopolitical, EIA conference told

Jun 22, 2015

The ongoing debate over whether more US crude oil exports should be authorized has more in common with conditions in the 1980s when supplies were ample and prices were low than the 1970s when supplies were tight and prices were high, a leading market observer said.

Watching Government: Considering energy R&D

Jun 22, 2015

Moving from research to development (R&D) became a recurring question as the US Senate Energy and Natural Resources Committee considered 43 separate bills on June 9.

CAPP: Canadian production to reach 5.3 million b/d by 2030

Jun 22, 2015

The Canadian Association of Petroleum Producers (CAPP) estimates production of Canadian oil will increase 43% over 16 years to 5.3 million b/d by 2030 compared with 3.7 million b/d in 2014.

OGJ Newsletter

Jun 22, 2015

Recognize industry know-how in US Arctic policies, API officials urge

Jun 19, 2015

US Arctic oil and gas policies should recognize the industry’s extensive global Far North experience and technology, American Petroleum Institute officials said.

Rosneft, BP sign upstream, downstream agreements

Jun 19, 2015

OAO Rosneft agreed to sell BP PLC a 20% share of Taas-Yuryakh Neftegazodobycha in eastern Siberia for $750 million.

Wintershall to sell interests in five Norwegian fields

Jun 18, 2015

Wintershall Holding GMBH plans to sell interests in five Norwegian fields to Oslo-based Tellus Petroleum AS. The $602-million transaction is expected to close by yearend.

Drilling commences on Lithuanian Raseiniai license

Jun 17, 2015

Tethys Oil AB has spud the Bedugnis-1 well, which is targeting Silurian reefs at a total measured depth of 1,100 m. The Raseiniai license covers 1,535 sq km onshore Lithuania, and the three-well program is drawing from 80-sq km of 3D seismic data acquired in 2014.

Lundin Norway to drill Luno II North test

Jun 17, 2015

Lundin Norway AS will test Jurassic-Triassic sandstone with an exploratory well on the Luno II North prospect about 15 km south of Edvard Grieg oil and gas field under development in the Norwegian North Sea.

Poor BIA management has hindered tribal energy development, GAO says

Jun 16, 2015

The US Bureau of Indian Affairs does not have data it needs to verify ownership of some Indian oil and gas resources, easily identify resources available for lease, or identify where leases are in effect, the Government Accountability Office said.

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