More Oil & Gas Exploration and Development News

DOE wants authority to use SPR sooner in an emergency, Smith says

May 18, 2015

The US Department of Energy will seek authority to act earlier in an emergency release of crude oil from the Strategic Petroleum Reserve as part of a comprehensive review of the 40-year-old system, said Christopher A. Smith, assistant US Energy secretary for fossil energy.

OGJ Newsletter

May 18, 2015

International news for oil and gas professionals

Oil and dinosaurs

May 18, 2015

It was at about this time a year ago that deepwater technologies pioneered by the oil and gas industry were used-albeit fruitlessly-in the search for missing Malaysia Airlines Flight 370, the exact fate of which has become one of the world's great mysteries.

BLM fracing variance inadequate, Wyo. official tells Senate panel

May 18, 2015

The US Bureau of Land Management's final hydraulic fracturing rule allows states with their own requirements to seek a variance under which their rules would apply if they were more stringent, BLM Director Neil Kornze told a US Senate Energy and Natural Resources subcommittee.

Erin Energy extends exploration period for blocks off Gambia

May 15, 2015

Erin Energy Corp., Houston, has received a 2-year extension until Dec. 31, 2018, for Blocks A2 and A5 offshore Gambia. The company holds 100% interest in both blocks, which lie 30 miles offshore.

Oilex gets payment demand from Timor Leste

May 15, 2015

Timor Leste’s petroleum authority Autoirdade Nacional do Petroleo (ANP) has lodged a notice of intent to terminate Timor Gap permit JPDA 06-103 PSC, operated by Perth-based Oilex Ltd.

Cairn-led JV contracts drillship for work offshore Senegal

May 12, 2015

A joint venture led by Cairn Energy PLC and containing ConocoPhillips and Perth-based FAR Ltd. has signed up the Ocean Rig Athena drillship to drill as many as 6 wells surrounding its SNE-1 oil discovery late this year into 2016.

Shell gets conditional approval for US Arctic drilling plan

May 11, 2015

The US Bureau of Ocean Energy Management (BOEM) on May 11 conditionally approved Shell Gulf of Mexico Inc.’s revised multiyear exploration plan (EP) that proposes the drilling of as many as six wells on the Burger prospect in the Chukchi Sea.

Kizomba Satellites Phase 2 off Angola starts oil productionwise advantaged projects to the south.

May 11, 2015

Esso Exploration Angola (Block 15) Ltd., a subsidiary of ExxonMobil Corp., has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project, 150 km offshore Angola in 1,350 m of water.

OTC: Nova Scotia draws deepwater interest with latest bid round

May 11, 2015

The Canadian province of Nova Scotia reported the addition of seven new offshore blocks in its deepwater region May 5 at the Offshore Technology Conference in Houston.

OTC: Brazil's 13th bid round will be concession model, energy minister says

May 11, 2015

Brazil will use a concession model rather than a production-sharing model in the country's 13th bid round later this year.

OTC: Deepwater will be vital to maintaining global supply, IHS's Fryklund says

May 11, 2015

A major challenge ahead for the offshore oil and gas industry will be figuring out how to fill the 50 million-b/d gap in liquids production that will be needed to match rising demand by 2040, IHS Energy Chief Upstream Strategist Bob Fryklund told attendees May 4 at the Offshore Technology Conference in Houston.

OTC: BP's Dupree outlines new model for offshore technology development

May 11, 2015

Operators are changing their approach to offshore technology development because of its increasing scale and pace, said James Dupree, BP's chief operating officer, reservoir development technology.

OTC: Shell determined to proceed with drilling in US Arctic

May 11, 2015

Despite numerous regulatory hurdles and impassioned resistance from environmentalists, Royal Dutch Shell PLC maintains that it is on track to drill two wells in the Chukchi Sea during drilling season this summer.

OTC: Federal, state cooperation vital for offshore energy development

May 11, 2015

US coastal states and the federal government will need to continue having an open and honest dialogue about the safe and reliable exploration and development of offshore oil and gas resources, panelists agreed May 5 in an opening session at the Offshore Technology Conference in Houston.

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