More Oil & Gas Exploration and Development News

Seismic survey completed offshore Namibia

Apr 14, 2014

Pancontinental Oil & Gas NL, Perth, reports completion of a 3,000-sq-km 3D seismic survey on a license operated by Tullow Kudu Ltd. in the Walvis basin offshore Namibia.

Total, partners reach FID for Kaombo project off Angola

Apr 14, 2014

Total SA and its joint venture partners have made a final investment decision (FID) on development of the ultradeepwater Kaombo project on Block 32 about 260 km offshore Luanda, Angola, reducing its capital expenditure from $20 billion to $16 billion.

Old basins, new ideas

Apr 14, 2014

The accepted paradigms in today's exploration industry seem obvious yet in their origins were often difficult to understand. Historically, new geologic concepts have experienced relatively slow acceptance due to perceived high risks, unfavorable price environments, and a lack of enabling technologies.

Lukoil starts 2D seismic survey on Block 10 in Iraq

Apr 11, 2014

OAO Lukoil has started a 2D seismic survey on Block 10 in southern Iraq that is expected to cover 2,000 km within 16 months. BGP Inc. is the seismic contractor.

Statoil makes oil, gas discovery north of Valemon field

Apr 11, 2014

Statoil ASA, together with its Valemon unit partners, made an oil and natural gas discovery in the Valemon North prospect in the North Sea, just 10 km north of the companies’ planned Valemon installation.

Proved reserves of US crude oil reach 36-year high in 2012

Apr 10, 2014

US proved reserves of crude oil at yearend 2012 were estimated at 33.4 billion bbl, up 15.4% from 2011 and the highest since 1976, according to a report released Apr. 10 by the US Energy Information Administration.

GeoPark makes oil discovery in Colombia

Apr 9, 2014

GeoPark Ltd. reported the successful drilling and testing of the Aruco 1 exploration well on the Llanos Block 34 in the central Llanos basin in Colombia.

OMV to ramp up drilling in lower Austria

Apr 8, 2014

OMV AG reported it will drill as many as 24 wells this year along with 20 wells in 2015 and 2016, respectively, in the Weinviertel region of lower Austria. Fourteen of those projects involve exploration wells with additional production potential, the company said.

Large seismic survey starts offshore Norway

Apr 8, 2014

CGG has begun shooting the largest broadband multiclient seismic survey it has conducted in Northwest Europe and what it calls the largest multiclient 3D survey ever shot by any company offshore Norway.

E. Mediterranean gas work faces geopolitical hurdles

Apr 7, 2014

Full development of giant natural gas discoveries in the eastern Mediterranean Sea depends on solutions to tough geopolitical problems.

Dominican Republic seeks domestic gas resource

Apr 7, 2014

Rigorous development activities point to a large accumulation of gas reserves in the Dominican Republic's Enriquillo basin on the island of Hispaniola.

Trinidad and Tobago’s deepwater bid round draws lackluster response

Apr 4, 2014

Trinidad and Tobago’s latest deepwater bid round failed to attract significant interest with four of the six blocks on offer not receiving any bids while the other two blocks attracted a total of three bids.

OMV, Murphy acquire blocks offshore Namibia

Apr 3, 2014

OMV AG and Murphy Luderitz Oil Co. Ltd. have acquired 65% interest in Blocks 2613A and 2613B offshore Namibia from Brazil’s Cowan Petroleum.

Scott links South Atlantic OCS access bill to jobs growth plan

Apr 3, 2014

US Sen. Tim Scott (R-SC) introduced a bill that would reverse the Obama administration’s exclusion of four South Atlantic coastal states from active offshore oil and gas resource development planning. It is the third part of Scott’s broader legislative Opportunity Agenda to create jobs and increase educational opportunities, he said on Apr. 2.

Lukoil completes exploration well offshore Ivory Coast

Apr 2, 2014

Lukoil Overseas has completed drilling an exploration well on Block CI-101 offshore Ivory Coast.

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