More Oil & Gas Exploration and Development News

BLM brings its Master Leasing Plan concept to Utah

Aug 27, 2015

The US Bureau of Land Management’s Moab, Utah, field office began a 90-day comment period on Aug. 21 for a draft proposed Master Leasing Plan for 946,469 acres of public land overseen by the US Department of the Interior agency near the southeastern Utah community. The proposed MLP—Utah’s first—will follow a pattern BLM has used in developing similar plans in Colorado and Wyoming.

Deloitte: Northern Territory bullish on shale gas

Aug 26, 2015

Development of a shale-gas industry in Northern Territory could drive significant long-term economic growth and generate as much as $1 billion (Aus.) of government revenue, according to recent study by Deloitte Access Economics commissioned by the Australian Petroleum Production & Exploration Association.

Erin Energy enters next phase of onshore Kenya exploration

Aug 24, 2015

Houston independent Erin Energy Corp. has entered into the next phase of onshore exploration in Kenya after being given government approval to enter the first additional exploration period (FAEP) on its L1B and L16 onshore blocks.

Mexico’s CNH approves Gigante multibeam, coring, geochemical survey

Aug 24, 2015

Mexico’s National Hydrocarbons Commission (CNH) has authorized the acquisition of multibeam, coring, and geochemical analysis data over a 600,000 sq km area in Mexican waters. TGS-NOPEC Geophysical Co. (TGS) will conduct the work.

Cobalt to sell deepwater Angolan blocks

Aug 24, 2015

Cobalt International Energy Inc. has agreed to sell its interests in two blocks in deep water offshore Angola to state-owned Sonangol for $1.75 billion and will concentrate on appraisal and development of deepwater discoveries in the Gulf of Mexico.

Like Keystone XL, Energy East caught in a chokehold

Aug 24, 2015

Another important pipeline finds itself in a chokehold.

CERI: Lower demand, prices may trim near-term oil sands spending

Aug 24, 2015

Lower crude oil prices and reduced demand resulting from a global economic downturn could reduce Canadian oil sands capital expenditures through 2017, the Canadian Energy Research Institute said.

OGJ Newsletter

Aug 24, 2015

International news for oil and gas professionals

Politics of abundance

Aug 24, 2015

Attention returns to the antique US ban on exports of crude oil with reports that limited shipments to Mexico have been approved. The oil and gas industry should use the moment to expand the discussion to energy in general.

The Internet of Things

Aug 21, 2015

With the current low oil-price environment fast becoming the oil and gas industry's "new reality," even the most efficient of companies will have to do more than just make financial adjustments.

AWE upgrades reserves estimates for Perth basin field

Aug 21, 2015

AWE Ltd., Sydney, reported initial 2P reserves and upgraded 2C contingent resource estimates for its onshore Perth basin Waitsia gas field in the light of the Waitsia-1 and Waitsia-2 well results.

Make Shell disclose offshore drilling risks, Senate members demand

Aug 20, 2015

Eleven US Senate Democrats and Independent Bernard Sanders (Vt.) asked the US Securities and Exchange Commission to make Royal Dutch Shell PLC disclose to the public and investors inherent risks offshore oil drilling poses if there is a spill or other environmental accident.

BHP Billiton most active in ‘disappointing’ western gulf lease sale

Aug 19, 2015

Just 5 companies submitted 33 bids on 33 tracts in Gulf of Mexico western planning area Lease Sale 246, the US Bureau of Ocean Energy Management (BOEM) reported following the event in New Orleans on Aug. 19. The sum of apparent high bids was just $22,675,212.

Joint geological study on shale gas under way in BC

Aug 19, 2015

Inpex Corp. has reported the start of a joint geological study for shale gas development in northeastern British Columbia. The study is expected to last a year.

Warren Resources tests Upper Marcellus wells

Aug 18, 2015

Warren Resources Inc., New York, reported that two of its Upper Marcellus wells have been flowing back for 2 weeks, currently producing a combined 17 MMcfd with 3% of flowback load recovered.

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