More Oil & Gas Exploration and Development News

Prices and potential

Oct 13, 2014

If prices of crude oil continue to slide, oil production in the US very likely will follow. Naysayers then will claim vindication for their gloom about supply from unconventional resources. For a while, they'll seem right.

GWPC report examines changes in states' water protection rules

Oct 13, 2014

Regulatory agencies in 27 US states that produce 98% of the nation's oil and gas have significantly increased exploration and production oversight and rules, the Ground Water Protection Council said in a recent report.

Encana to acquire Athlon Energy in $7.1 billion deal

Oct 13, 2014

Encana Corp., Calgary, has agreed to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc., Ft. Worth, through an all-cash tender offer of $5.93 billion.

Oil & Gas UK report calls for greater collaboration offshore

Oct 13, 2014

The assurance of long-term future success for the UK's offshore oil and gas industry will depend largely on greater collaboration among industry and government participants, according to Oil & Gas UK's Economic Report 2014, released Sept. 30.

Statoil finds gas northeast of Johan Castberg in Barents Sea

Oct 10, 2014

The Norwegian Petroleum Directorate reported Statoil Petroleum AS made a natural gas discovery in the Barents Sea about 40 km northeast of the Johan Castberg oil discovery.

Perenco declares Sputnik-1 well off Gabon noncommercial

Oct 10, 2014

Perenco SA has encountered noncommercial hydrocarbon pay in up to 300 m of net sandstone reservoir via the Sputnik-1 well while targeting a presalt structure on Arouwe block offshore Gabon.

BHP Billiton reports on drilling south of Greater Angostura field

Oct 9, 2014

BHP Billiton and its partners reported they will start drilling in a fault block south of the Greater Angostura development in hopes to increase natural gas production in Trinidad and Tobago.

Lundin spuds exploration well on Storm prospect in North Sea

Oct 9, 2014

An exploratory well spudded by Lundin Petroleum AB on the Storm prospect offshore Norway will assess an Upper Jurassic sandstone productive since 1983 in Magnus oil field in UK waters 35 km to the south.

BLM seeks comments on proposed Wyoming 3D seismic project

Oct 8, 2014

The US Bureau of Land Management is seeking public comments on a proposed 3D seismic exploration project in Sweetwater County, Wyo. BLM will prepare an environmental assessment of the proposed project and accept comments to help identify potential issues, concerns, ideas, and alternatives until Oct. 17, its Rawlins field office said.

Inpex reports early results from appraisal well off Brazil

Oct 8, 2014

Inpex Corp. reported early results from an appraisal well drilled in the Espirito Santo basin offshore Brazil.

 

Cairn makes oil discovery offshore Senegal

Oct 7, 2014

Cairn Energy PLC, Edinburgh, has made an oil discovery with the FAN-1 exploration well on the Sangomar Deep block, 100 km offshore Senegal.

Eni: World oil, gas reserves continue to rise

Oct 6, 2014

Italy’s Eni SPA has published its thirteenth edition of the World Oil & Gas Review, the annual statistics review of world oil and gas production, reserves, and consumption, with a particular focus on refining industry and crude quality.

Petrobras finds gas accumulation in Espirito Santo basin

Oct 6, 2014

Petroleo Brasileiro SA (Petrobras) has discovered a natural gas accumulation in the post-salt Espirito Santo basin, 72 km offshore Brazil’s Espirito Santo state.

Shell begins production from Cardamom in Gulf of Mexico

Oct 6, 2014

Royal Dutch Shell PLC has started production from its Cardamom development on Garden Banks Block 427, about 225 miles southwest of New Orleans in the Gulf of Mexico.

China accelerates shale gas development

Oct 6, 2014

China began tapping into its shale gas resources as early as 1996 (Table 1). But after a 2014 government report proposed that the nation "speed up the exploration and development of shale gas resources," the revolution is getting into full swing.

Market Connection

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