More Oil & Gas Exploration and Development News

Gabon, Eni leaders discuss development of Nyonie Deep gas discovery

Aug 19, 2014

Eni SPA Chief Executive Officer Claudio Descalzi met with Gabon President Bongo Ondimba in Libreville on Aug. 18 to outline the appraisal campaign programs aimed at bringing the Nyonie Deep natural gas discovery into production over a short period of time.

Study highlights Pennsylvania's shale gas development boom

Aug 18, 2014

The rapid shale gas development in Pennsylvania's Marcellus shale formation has presented both challenges and opportunities to local governments and communities.

Apache makes major oil discovery off Western Australia

Aug 18, 2014

Apache Corp. has made an oil discovery with its Phoenix South-1 well, drilled 110 miles north of Port Hedland in 435 ft of water in permit WA-435-P of Australia’s offshore Canning basin. The company estimates as much as 300 million bbl of oil could be in place.

BP, Noble plug, abandon deepwater Bright well on Atwater Valley block

Aug 15, 2014

The BP Exploration & Production Inc.-operated Bright exploration well in the deepwater Gulf of Mexico did not show hydrocarbons after reaching the targeted Upper and Middle Miocene objectives, according to Noble Energy Inc., an equal partner in the well.

Iraq: Kuwait Energy, Dragon Oil drilling well on Block 9

Aug 14, 2014

An onshore exploration well being drilled on Iraq’s Block 9 has reached the first of its two targets, Dragon Oil PLC said in a statement posted on its web site regarding 2014 interim operating results.

MOL to develop two areas of Kurdish block

Aug 14, 2014

A wholly owned subsidiary of MOL Group, Budapest, plans to produce at least 50,000 boe/d of oil and natural gas from the Akri-Bijeel Block in the Kurdistan region of Iraq by 2017-18.

Beach’s Balgowan-1 extends oil fairway in Cooper basin

Aug 14, 2014

Following recent discoveries in PEL 91, Beach Energy Ltd. reported an oil discovery in the Namur sandstone and McKinlay member at its Blagowan-1 exploration. The company confirmed an extension of the oil fairway to the northeast of its Stunsail-1 wildcat and Pennington-2 appraisal well on the western flank of the Cooper basin in South Australia.

EPA hydraulic fracturing study may be prelude to new federal rules

Aug 13, 2014

Oil and gas operations have historically been regulated mainly at the state level, though the expansion of hydraulic fracturing activities has brought with it an expansion in the number and sources of regulations facing operators.

Eagle Ford water recycling thrives following change in Texas Railroad Commission rules

Aug 13, 2014

Amidst the worst Texas drought since the National Drought Mitigation Center's record keeping began 119 years ago, operators in Texas' Eagle Ford shale are taking full advantage of the recently adopted Texas Railroad Commission regulations giving operators more flexibility to recycle wastewater generated during hydraulic fracturing operations.

Canada Briefs

Aug 13, 2014

Other Regional Briefs

Aug 13, 2014

Permian briefs

Aug 13, 2014

Petrobras confirms extension of Jupiter oil discovery

Aug 13, 2014

Petroleo Brasileiro SA (Petrobras) reported that the 3-BRSA-1246-RJS well proved an extension of the Jupiter oil discovery on Block BM-S-24 in the presalt Santos basin.

Monterey proves more complex than average shale play

Aug 13, 2014

A pending cut in the Energy Information Administration's resource estimate for the Monterey shale reflects the complexity of the play relative to other US tight oil plays and the need for more research into its geology.

API leads industry call for more OCS access in next 5-year program

Aug 13, 2014

The Obama administration should consider all parts of the US Outer Continental Shelf for leasing in the 2017-22 OCS program it has begun to prepare so future national energy policy options can be maximized, the American Petroleum Institute and 10 other oil and gas trade associations jointly said.

Market Connection

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