More Oil & Gas Exploration and Development News

Static, dynamic data integration improves reservoir modeling, characterization

Sep 1, 2014

This article introduces a methodology for reservoir characterization, geological modelling, and well-performance prediction. The methodology integrates petrophysical and pressure-transient data to build a detailed geological reservoir model (RM) with anisotropy.

Virtual flow metering improves Chinese offshore production

Sep 1, 2014

A common problem for inflow-rate metering in subsea wells is the lack of real-time, three-phase flow rates, which are critical for reservoir characterization and well optimization.

Nelson-Farrar monthly cost indexes

Sep 1, 2014

Earnings, revenues down for OGJ150 in 2013; liquids output, reserves up

Sep 1, 2014

The combined earnings of the OGJ150 group declined 3.03% during 2013 to $88.1 billion. The group's revenues for the year were also down 7.32% from a year earlier to $944.9 billion.

OGJ100 group posts lower 2013 earnings

Sep 1, 2014

Oil & Gas Journal's survey of the 100 leading oil and gas producing firms based outside the US reveals that 2013 net income and revenues fell modestly from 2012 results in most regions except Canada.

CERI: Market access key to Canadian bitumen output

Sep 1, 2014

Outcomes in two areas of critical uncertainty can mean a difference in Canadian bitumen production in 2030 of 1.7-1.8 million b/d, according to a study published by the Canadian Energy Research Institute.

Shell submits revisions to its 2015 Chukchi Sea exploration plan

Aug 29, 2014

Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. The step was necessary to preserve the option to drill its Chukchi Sea leases in 2015, but should not be seen as a final decision to drill next summer, he told OGJ in an Aug. 29 e-mail.

BLM announces California oil, gas strategy as CCST issues report

Aug 29, 2014

The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiving an independent review of well stimulation technologies it asked the California Council on Science and Technology (CCST) to conduct in September 2013.

Lundin lowers resource estimate for Luno II discovery

Aug 29, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has drilled appraisal well 16/4-8 S in the Luno II discovery 15 km south of Edvard Grieg oil field offshore Norway in the North Sea, proving 30 m of gross oil pay and flowing 450 b/d on a drillstem test through a 28/64-in choke.

Noble posts drilling results for Katmai, Dantzler prospects in gulf

Aug 28, 2014

Noble Energy Inc., Houston, has advanced its exploration and appraisal drilling operations on the Katmai prospect on Green Canyon Block 40 and the Dantzler prospect on Mississippi Canyon Block 782 in the deepwater Gulf of Mexico.

Quicksilver-Eni well flows oil in West Texas

Aug 28, 2014

Quicksilver Resources Inc. and Eni SPA have spudded a second well in their exploratory joint venture targeting unconventional reservoirs in Pecos County, Tex., after the first well flowed oil.

Canacol tests Lower Magdalena Valley gas discovery

Aug 28, 2014

Canacol Energy Ltd., Calgary, has tested 15.5 MMscfd of dry gas in the first of its three-well exploration program targeting the Cienaga de Oro reservoir in Colombia’s Lower Magdalena Valley.

WoodMac: Norway’s 10 billion bbl of undeveloped resources could net $106 billion

Aug 27, 2014

Norway holds 10 billion boe of discovered but undeveloped natural resources, of which 60% could be commercialized and potentially add $106 billion to the country’s revenues, Wood Mackenzie reported in its latest upstream estimates released Aug. 26 at the Offshore Northern Seas conference in Stavanger.

BG Group: Mzia DST supports potential hub development offshore Tanzania

Aug 27, 2014

Results from the second drillstem test (DST) on the Mzia discovery on Block 1 offshore southern Tanzania indicated further support for a hub development to supply a potential onshore LNG project, BG Group PLC said on Aug. 27.

Shell makes another deepwater gas discovery offshore Malaysia with Marjoram-1

Aug 26, 2014

Royal Dutch Shell PLC has made another natural gas discovery on Block SK318 offshore Malaysia with the deepwater Marjoram-1 well, which was drilled in 800 m of water 180 km offshore.

Market Connection

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