More Oil & Gas Exploration and Development News

Canacol tests Lower Magdalena Valley gas discovery

Aug 28, 2014

Canacol Energy Ltd., Calgary, has tested 15.5 MMscfd of dry gas in the first of its three-well exploration program targeting the Cienaga de Oro reservoir in Colombia’s Lower Magdalena Valley.

WoodMac: Norway’s 10 billion bbl of undeveloped resources could net $106 billion

Aug 27, 2014

Norway holds 10 billion boe of discovered but undeveloped natural resources, of which 60% could be commercialized and potentially add $106 billion to the country’s revenues, Wood Mackenzie reported in its latest upstream estimates released Aug. 26 at the Offshore Northern Seas conference in Stavanger.

BG Group: Mzia DST supports potential hub development offshore Tanzania

Aug 27, 2014

Results from the second drillstem test (DST) on the Mzia discovery on Block 1 offshore southern Tanzania indicated further support for a hub development to supply a potential onshore LNG project, BG Group PLC said on Aug. 27.

Shell makes another deepwater gas discovery offshore Malaysia with Marjoram-1

Aug 26, 2014

Royal Dutch Shell PLC has made another natural gas discovery on Block SK318 offshore Malaysia with the deepwater Marjoram-1 well, which was drilled in 800 m of water 180 km offshore.

Parsley Energy adds Permian basin acreage

Aug 26, 2014

Parsley Energy Inc., Midland, Tex., has agreed to buy from “multiple sellers” undeveloped and productive acreage in Reagan County, Tex., for a total of about $252 million.

Mexico accelerates energy reform efforts

Aug 25, 2014

Mexico's Petroleos Mexicanos (Pemex) faces the task of determining areas where it wants to bring in partners under the sweeping energy reform that President Enrique Pena Nieto signed into law to open Mexico's oil and gas exploration and production to private and foreign companies for the first time since 1938.

Western gulf lease sale attracts $110 million in high bids

Aug 25, 2014

Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in apparent high bids, reported the US Bureau of Ocean Energy Management (BOEM), which held the event on Aug. 20 in New Orleans.

New Keystone dawdling

Aug 25, 2014

New dawdling over the Keystone XL pipeline border crossing fails the US in so many ways that identifying the worst way should be difficult. But it's not.

Mancharee-1 well doesn’t find significant pay offshore Thailand

Aug 25, 2014

KrisEnergy Ltd., Singapore, reported it has concluded drilling an exploration well on Block G10/48 in the Gulf of Thailand, where the company is developing Wassana oil field.

Santos group makes gas-condensate find near Ichthys field offshore W. Australia

Aug 25, 2014

A group led by Santos Ltd. has made a gas and condensate discovery in the Lasseter-1/ST1 well drilled in the Browse basin offshore Western Australia.

NPD completes seismic acquisition season in northern Barents Sea

Aug 22, 2014

The Norwegian Petroleum Directorate reported completion of its seismic acquisition season Aug. 19, nearly a month ahead of schedule.

Petrobras proves oil, gas extension in Moita Bonita

Aug 22, 2014

Petroleo Brasileiro SA (Petrobras) has proved the extension of the gas and light oil discovery made in 2012 on the BM-SEAL-10 concession block of the Sergipe-Alagoas basin offshore Brazil.

Western gulf lease sale attracts $110 million in high bids

Aug 20, 2014

Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in apparent high bids, reported the US Bureau of Ocean Energy Management (BOEM), which held the event on Aug. 20 in New Orleans.

Gabon, Eni leaders discuss development of Nyonie Deep gas discovery

Aug 19, 2014

Eni SPA Chief Executive Officer Claudio Descalzi met with Gabon President Bongo Ondimba in Libreville on Aug. 18 to outline the appraisal campaign programs aimed at bringing the Nyonie Deep natural gas discovery into production over a short period of time.

Study highlights Pennsylvania's shale gas development boom

Aug 18, 2014

The rapid shale gas development in Pennsylvania's Marcellus shale formation has presented both challenges and opportunities to local governments and communities.

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