Kosmos Energy signs contract for new drillship
Jun 11, 2013
Kosmos Energy Ltd. signed a long-term rig agreement with a subsidiary of Atwood Oceanics Inc. for the newbuild drillship Atwood Achiever, scheduled for completion in June 2014 and expected to commence drilling operations in the second half of 2014. |
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DNO tests Tawke Jurassic oil, Cretaceous lateral
Jun 11, 2013
DNO International ASA, Oslo, has a Jurassic oil discovery in Tawke field in the Kurdistan Region of Iraq, where the field’s first horizontal well, Tawke-20, averaged 8,000 b/d of oil from each of the first four of 10 fractured corridors in Cretaceous. |
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Sinopec Southern to explore Tibet’s Lunpola basin
Jun 10, 2013
Sinopec Southern Exploration Co. of China and the Oil and Gas Resources Research Center of Geological Survey Bureau of Ministry of Land Resources have signed an agreement on joint exploration for oil and gas in selected areas of the Lunpola basin in Tibet. |
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Namibia: Large onshore gravity-magnetic survey eyed
Jun 10, 2013
The tender process has been completed for a high-resolution gravity and magnetic survey on 5.3 million acres of blocks in the Owambo basin in northern Namibia in advance of a reconnaissance 2D seismic grid to be shot in 2014. |
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Australia: Inpex gets block near Ichthys-Prelude
Jun 10, 2013
Inpex Browse Ltd. has been awarded a 305 sq km block southeast of giant Ichthys gas-condensate field and Prelude and Concerto gas fields offshore Western Australia. |
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E&Y: US E&P spending reaches new heights
Jun 10, 2013
US oil and gas producers boosted exploration, development, and acquisition spending in 2012 despite a steep decline in aftertax profits driven largely by low natural gas prices, Ernst & Young reported June 4 in the latest issue of its US oil and gas reserves study. |
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Statoil recommends Johan Castberg project delay
Jun 10, 2013
Statoil, citing resource and political uncertainties with the Johan Castberg oil development it operates in the Barents Sea offshore Norway, has recommended that the partners delay the investment decision. |
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Portugal: Galp to operate Porto’s Aljubarrota-3 block
Jun 7, 2013
Petroleos de Portugal-Petrogal SA (Galp) has exercised its option to assume operatorship of the Aljubarrota-3 onshore concession in Portugal’s Lusitanian basin, subject to Portuguese government approval, said Porto Energy Corp., The Woodlands, Tex. |
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Idemitsu group finds gas-condensate off Vietnam
Jun 7, 2013
A group led by Idemitsu Oil & Gas Co. Ltd., Tokyo, has made a gas-condensate discovery at the third well drilled on blocks 05-1b and 05-1c offshore 300 km southeast of Ho Chi Minh City, Vietnam. |
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Witnesses describe benefits from expanding OCS activity
Jun 7, 2013
Expanded oil and gas activity on the US Outer Continental Shelf would produce substantial economic and energy security benefits, three witnesses told a US House Natural Resources subcommittee. But a fourth witness said alternative energy and other offshore industries should also be allowed to grow. |
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Alberta Oil Sands inks Algar Lake farmout
Jun 6, 2013
Alberta Oil Sands Inc. (AOS), Calgary, has entered a farmout agreement with privately held Crescendo Resources Ltd. that will advance exploration of its Algar Lake oil sands prospect in Alberta. |
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BPTT, BHP Billiton to jointly acquire seismic off Trinidad and Tobago
Jun 6, 2013
BP Trinidad & Tobago (BPTT) reported that it will conduct joint seismic surveys with BHP Billiton on its deepwater blocks off Trinidad and Tobago’s eastern coast. |
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Interior gives more time for comments on frac rule proposal
Jun 6, 2013
Oil and gas producers will have another 60 days to comment on the US Bureau of Land Management’s latest proposed regulations for hydraulic fracturing operations on onshore public lands, US Interior Secretary Sally Jewell announced. |
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Vietnam: Third prospect, gas potential seen on Block 120
Jun 6, 2013
A third prospect has been identified on Eni Vietnam BV-operated Block 120 offshore southeast of Da Nang, Vietnam, from 500 sq km of 3D seismic shot in mid-2012, said partner Neon Energy Ltd., Perth. |
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Albania: Petromanas updates Shpirag, drops Blocks A-B
Jun 6, 2013
Petromanas Energy Inc., Calgary, has won Albanian government approval for three more exploratory well locations on Blocks 2-3 and has chosen not to enter the third exploration phase on Blocks A-B in Albania. |
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