More Oil & Gas Exploration and Development News

New regulator lists UKCS 'priority actions'

Mar 2, 2015

The UK's Oil and Gas Authority (OGA), responding to calls from industry and the government for prompt support of UK Continental Shelf exploration and production, has described "eight highest priority actions" for its first year of operation.

Marathon revises down budget by 20%

Feb 27, 2015

Marathon Oil Corp., Houston, has reduced its capital, investment, and exploration budget for 2015 by another 20% to $3.5 billion.

UKCS report cites need for deep cost cuts

Feb 27, 2015

The struggling producing industry on the UK Continental Shelf needs deep cost cuts, according to the Oil & Gas UK's Activity Survey 2015.

Suriname bid round draws lackluster response

Feb 26, 2015

The dramatic fall in oil prices is being blamed for the lack of interest shown by international oil companies (IOCs) in the deepwater offshore Suriname in the Suriname-Guyana basin.

Uganda announces tender for Albertine Graben acreage

Feb 26, 2015

The virtually untouched Albertine Graben of Uganda may contain more than 6.5 billion bbl of oil resources according Ugandan officials.

BLM Utah office adopts USFS leasing analysis for Fishlake Forest

Feb 26, 2015

The US Bureau of Land Management’s Utah state office will adopt the US Forest Service’s final environmental impact statement and record of decision for oil and gas leasing on land administered by Fishlake National Forest.

New regulator lists UKCS ‘priority actions’

Feb 25, 2015

The UK’s Oil and Gas Authority, responding to calls from industry and the government for prompt support of UK Continental Shelf (UKCS) exploration and production, has described “eight highest priority actions” for its first year of operation.

BLM moving toward strategy for Greater Sage Grouse, Jewell says

Feb 25, 2015

Calling it a remarkable example of federal, state, and local cooperation, US Sec. of the Interior Sally Jewell said the US Bureau of Land Management is finishing up plans to protect the Greater Sage Grouse and make it unnecessary for the US Fish and Wildlife Service to list it as an endangered or threatened species.

Santos-Inpex JV gains permits in Browse basin

Feb 25, 2015

A joint venture of Santos Ltd. and Inpex Corp. has been awarded two exploration permits in the Browse basin offshore Western Australia, about 500 km from Broome.

Lime Petroleum farms into Gemini prospect offshore Norway

Feb 24, 2015

Lime Petroleum Norway AS, a wholly owned subsidiary of Lime Petroleum PLC, has agreed to take 30% interest in PL338C in the North Sea from Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB.

BP lets contract for Great Australian Bight exploration program

Feb 24, 2015

BP Australia has let a contract to ASCO Group for the supply base management of its forthcoming exploration drilling program in the South Australian portion of the Great Australian Bight. The program will begin in 2016 and includes four wells about 300 km southwest of Ceduna.

Highlander well in South Louisiana flows 75 MMcfd

Feb 23, 2015

Production testing by Freeport-McMoRan Oil & Gas, a subsidiary of Freeport-McMoRan Inc., on the Highlander discovery onshore South Louisiana indicated a flow rate of 75 MMcfd—37 MMcfd net to the company—on a 42/64th choke with 10,300 psi flowing tubing pressure.

Partners submit Johan Sverdrup development plan

Feb 23, 2015

Partners Statoil ASA, Lundin Petroleum AB, Petoro, Det Norske Oljeselskap ASA, and Maersk Oil have submitted a plan for development and operation (PDO) for Phase 1 of Johan Sverdrup field to the Norwegian Ministry of Petroleum and Energy.

Association presidents want more access in next 5-year OCS plan

Feb 23, 2015

The presidents of three major US oil and gas trade associations urged the US Bureau of Ocean Energy Management to keep more of the US Outer Continental Shelf available for oil and gas leasing as the agency prepared to begin public meetings about the draft proposed 2017-22 US OCS Oil and Gas Leasing Program.

OGJ Newsletter

Feb 23, 2015

International news for oil and gas professionals

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