More Oil & Gas Exploration and Development News

BOEM schedules western gulf Lease Sale 238

Jul 17, 2014

The US Bureau of Ocean Energy Management (BOEM) has scheduled western Gulf of Mexico Lease Sale 238 for Aug. 20 in New Orleans, where it will offer 21.6 million acres offshore Texas for oil and gas exploration and development.

Croatia issues tenders for onshore acreage

Jul 17, 2014

With an eye on Hungary’s growing onshore development, Croatia has announced the first of three tenders for onshore exploration.

ConocoPhillips group makes Browse basin gas discovery

Jul 17, 2014

The ConocoPhillips-Karoon Gas Australia partnership has made a natural gas discovery with its latest Browse basin wildcat, Pharos-1, drilled in permit WA-398-P offshore Western Australia.

Development planned for Libyan oil field

Jul 17, 2014

An Indonesian-Libyan joint operating company has taken a step toward development of an oil field in the Hamada area of the Ghadames basin about 200 km south of Tripoli.

Swift, Saka complete Eagle Ford development deal

Jul 15, 2014

Swift Energy Co., Houston, completed its agreement with PT Saka Energi Indonesia to fully develop 8,300 acres of Fasken properties in the Eagle Ford in Webb County, Tex.

Shell makes third oil discovery in Norphlet deepwater play

Jul 15, 2014

Royal Dutch Shell PLC has made its third major oil discovery in the Jurassic-period Norphlet play in the deepwater Gulf of Mexico with the Rydberg exploration well, drilled 75 miles offshore on Mississippi Canyon Block 525 in the eastern gulf.

InterOil suspends work on Wahoo-1 well in Papua New Guinea

Jul 14, 2014

InterOil Corp., Houston, has suspended drilling of its Wahoo-1 well in PPL 474 in Papua New Guinea after intersecting gas and higher-than-expected pressures that could compromise rig safety.

VNG Norge makes oil discovery in Bue prospect

Jul 14, 2014

VNG Norge AS has made an oil discovery in the Bue prospect near Njord field in the Norwegian Sea, while results from an appraisal well adjusted resource estimates for the Pil discovery.

Woodside farms into Beach’s Tanzania permit

Jul 14, 2014

Woodside Petroleum Ltd. has farmed into Beach Petroleum Ltd.’s wholly owned and logistically intriguing inland offshore permit in Lake Tanganyika, Tanzania.

Total sees new West of Shetland hub with Edradour gas project

Jul 14, 2014

Total SA expects to add oil and gas reserves exceeding 65 million boe to its Laggan-Tormore gas and condensate development in deep water west of the UK Shetland Islands by developing and tying back nearby Edradour gas field.

BHP Billiton farms into deepwater Trinidad and Tobago blocks

Jul 14, 2014

BHP Billiton Ltd. has acquired a 70% stake in BP Trinidad & Tobago's (BPTT) two deepwater blocks off Trinidad and Tobago's east coast, leaving the Caribbean twin-island nation's largest gas producer with 30% interest in Blocks TTDAA 14 and 23(a).

Arawak Energy to acquire Lundin’s Komi region assets

Jul 10, 2014

Arawak Energy Russia BV has agreed to acquire all interests in the Sotchemyu-Talyu and North Irael fields in Russia’s Komi region from Lundin Petroleum AB.

API releases unconventional production community engagement standard

Jul 9, 2014

The American Petroleum Institute issued a new standard specifically aimed at effectively engaging with US communities affected by exploration and development of unconventional oil and gas resources. ANSI-API Bulletin 100-3 emerged following 3 years of meetings and discussions with producers, community leaders, state regulators, property owners and other stakeholders, API Standards Director David Miller said.

Maersk to divest oil field, write off $1.7 billion in Brazil assets

Jul 8, 2014

Maersk Oil, a wholly owned subsidiary of AP Moller-Maersk AS of Copenhagen, has opted to write off $1.7 billion in investments in Brazil’s Wahoo and Itaipu fields while divesting its ownership share in Polvo field.

Shell bows out of Kidan gas project in Saudi Arabia

Jul 8, 2014

Royal Dutch Shell PLC confirmed it will bow out of the Kidan natural gas development project in Saudi Arabia’s Empty Quarter.

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