More Oil & Gas Exploration and Development News

Gazprom, PetroVietnam sign agreement for two fields in Russia

Nov 26, 2014

OAO Gazprom and PetroVietnam on Nov. 25 signed a framework agreement for the joint development of two fields in Russia.

 

NEB raises oil, gas resource estimates for Northwest Territories

Nov 25, 2014

Canada’s National Energy Board (NEB) on Nov. 25 released its “Assessment of Discovered Conventional Petroleum Resources in the Northwest Territories and Beaufort Sea,” revealing that the overall resource evaluation for the Northwest Territories (NWT) is thought to be larger than previously estimated.

TransAtlantic completes Dadas interval in southeast Turkey

Nov 25, 2014

TransAtlantic Petroleum Ltd., Dallas, says it successfully completed the Dadas interval at a vertical depth of 9,650 ft in the Molla area of southeast Turkey.

TAG Oil hits oil, gas-bearing sands in Taranaki basin

Nov 25, 2014

The Cheal-E-JV-6 step-out well operated by Tag Oil Ltd., Vancouver, BC, intersected more than 9 m of net oil and gas-bearing sands in the Mt. Messenger formation, satisfying the well’s main objective.

Moody’s: E&P spending to dip as crude oil prices slide

Nov 25, 2014

Weakening crude oil prices will cut exploration and production spending by independent producers in the US next year and make integrated oil and gas companies wary of upstream projects dependent on a price of $80/bbl, according to Moody’s Investors Service.

Beach Energy JV adds to western flank discoveries

Nov 25, 2014

Beach Energy Ltd., Adelaide, has continued its successful run in the western flank region of the Cooper-Eromanga basins in South Australia.

New South Wales legislation extinguishes license applications

Nov 25, 2014

Legislation to extinguish 16 petroleum exploration licence applications in New South Wales has been passed by the state parliament.

Petrobras confirms 290-m oil column with first Libra appraisal well

Nov 25, 2014

Brazil’s Petroleo Brasileiro SA (Petrobras) confirmed a 290-m oil column and reservoir showing good porosity and permeability following completion of an appraisal well in the northwest portion of the Libra block, part of the Santos basin presalt.

Talisman, Ecopetrol make second heavy oil find on Colombia’s Block CPO-9

Nov 24, 2014

A unit of Talisman Energy Inc., Calgary, and Colombia’s Ecopetrol SA gauged a heavy oil discovery with the Nueva Esperanza-1 exploratory well (A2b), which was drilled on Block CPO-9, in Meta, Colombia.

DOI, Colorado announce Roan Plateau development dispute settlement

Nov 24, 2014

A dispute over development of federal natural gas leases on the Roan Plateau in western Colorado that were issued in 2008 has been settled, the US Department of the Interior and Colorado state government jointly announced in Denver.

Industry's eternal battle

Nov 24, 2014

Polling conducted by Gallup in August drilled home what most of us already knew: People don't like the oil and gas industry. Fifty-six percent of those polled had either a "somewhat negative" or "very negative" opinion of the industry.

Keystone strategies

Nov 24, 2014

Politics provided an interesting sideshow to the unsuccessful, ironic, last-minute push in the 113th Congress for sanction of the Keystone XL pipeline. The oil and gas industry shouldn't let that passing amusement distract it from what truly was at stake.

Senate debates, then barely rejects, Keystone XL approval bill

Nov 24, 2014

The US Senate finally debated a bill authorizing construction of the proposed Keystone XL crude oil pipeline on Nov. 18 before rejecting the measure by a single vote. Republicans vowed to bring the measure back once they assume majority control in January.

Oil & Gas UK rebuts industry-subsidy claim

Nov 24, 2014

Oil & Gas UK has issued a sharp rebuttal to reports that UK producers enjoy generous governmental subsidies.

Watching Government: Greece and energy in Europe

Nov 24, 2014

Amid growing energy supply geopolitics, Greece is a stable anchor within a rapidly destabilizing region, Yannis Maniatis, its Environment, Energy, and Climate Change Minister, said on Nov. 3.

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