More Oil & Gas Exploration and Development News

Beach exits Egypt, enters Cooper basin in Queensland

Aug 12, 2015

Beach Energy Ltd., Adelaide, has signed an agreement for the sale of its Egyptian subsidiary to UK-based Rockhopper Exploration PLC. The assets include a 22% interest in the Abu Sennan concession.

INPEX to drill well offshore Japan

Aug 12, 2015

INPEX Corp., Tokyo, will drill an exploratory well next year in the Korea Strait offshore southern Japan.

Uganda names 16 firms eligible for first licensing round

Aug 11, 2015

Uganda’s government has granted approval to 16 companies to bid on exploration rights for six blocks in the nation’s Albertine Graben region.

Pemex contract covers eight offshore fields

Aug 11, 2015

Pemex Procurement International has let a 3-year blanket engineering contract to Wood Group for work related to the potential development of five deepwater oil fields and three extra-heavy oil fields in the Gulf of Mexico.

Frontier Campeche seismic survey begins

Aug 10, 2015

Schlumberger has begun a multiclient seismic survey of frontier acreage of the offshore Campeche basin of Mexico using technology designed for subsurface complexity.

Clinton's energy goals point toward economic hazard

Aug 10, 2015

If Hillary Clinton becomes president of the United States and implements the energy policy she's now describing, she won't win a second term.

Nelson vows to block Murkowski's stand-alone crude oil bill

Aug 10, 2015

The US Senate Energy and Natural Resources Committee approved Chair Lisa Murkowski's (R-Alas.) bill to end the ban on exporting US-produced oil. But Sen. Bill Nelson (D-Fla.) immediately said he would try to block it procedurally because of the measure's provision expanding the number of coastal states sharing federal offshore oil and gas revenue.

Latest Edvard Grieg appraisal well hits oil pay

Aug 5, 2015

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, encountered a 66-m gross oil column in pebbly sandstone with medium-to-good reservoir quality while drilling appraisal well 16/1-23 S on Edvard Grieg field in the Norwegian North Sea.

Energy Institute guide explains UK shale gas

Aug 5, 2015

The Energy Institute (EI), London, has published a 20-page guide to shale gas, aiming, it says, “to bring scientific and technical accuracy to the debate” over development of natural gas from shales in the UK.

Sharma named ONGC Videsh director, exploration

Aug 4, 2015

Sudhir Sharma has been named director, exploration, of ONGC Videsh Ltd. Most recently, Sharma served as the company’s country manager and legal representative for the firm’s Colombia operations.

BG lets contract for seismic survey offshore Honduras

Aug 3, 2015

BG International Ltd. Sucursal Honduras has let a contract to Fugro for an integrated multibeam echosounder survey and seabed coring project offshore Honduras.

Lime Petroleum due Norwegian Sea stakes

Aug 3, 2015

Lime Petroleum Norway AS has agreed to acquire 50% of the PL760 and PL760B licenses in the Norwegian Sea from Enquest Norge AS. Terms weren’t reported.

AFPM Q&A-1: Safety, gasoline processing questions addressed at annual conference

Aug 3, 2015

Gasoline processing operations, with a focus on safety, blending, and reforming issues, garnered considerable attention during the 2014 American Fuel and Petrochemical Manufacturers Q&A and Technology Forum (Oct. 6-8; Denver).

Junex spuds fifth well on Quebec’s Galt prospect

Jul 31, 2015

Junex Inc. has spudded the Galt No. 5 as a follow up to its Galt No. 4 that came in at more than 300 bo/d in January.

BLM issues draft EA for Noble Energy’s latest DJ basin oil project

Jul 30, 2015

The US Bureau of Land Management released a draft environmental assessment for Noble Energy Inc.’s proposal to develop as many as 89 oil wells in Colorado’s Denver-Julesburg basin. The 7,986-acre project area is in a part of the D-J basin where oil and gas have been developed over several decades, it noted.

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