More Oil & Gas Exploration and Development News

Rampart updates Alaska North Slope seismic results

Jun 26, 2014

An independent assessment has identified two drilling prospects with a cumulative 325.3 million bbl of oil potential onshore Alaska’s North Slope in Rampart Energy Ltd.’s Western block.

Eni granted permits for Algerian fields

Jun 25, 2014

Algeria’s state-owned Sonatrach has granted Eni SPA three prospection permits, authorizing Eni, as operator, and Sonatrach to carry out prospection activities in the Timimoun and Oued Mya basins of southern Algeria.

Lukoil to acquire interest in Etinde offshore Cameroon

Jun 24, 2014

OAO Lukoil plans to acquire 37.5% interest in the Etinde production sharing agreement offshore Cameroon from Bowleven PLC.

E&Y: US oil, gas companies’ reserves, profits up in 2013

Jun 24, 2014

A slight decrease in capital spending by US oil and gas companies in 2013 gave way to a 9% increase in oil and gas reserves, strong oil prices, and improving natural gas prices, Ernst & Young reported on June 24 in its annual US oil and gas reserves study.

Watching Government: Necessary conversations

Jun 23, 2014

"We have the world's best trout fishing 90 min from downtown Denver," the Park County, Colo., official said between sips of coffee in the Longworth House Office Building cafeteria on June 3. "It brings a lot of visitors in each summer. We don't want to lose that."

Lundin spuds appraisal well on Luno II discovery

Jun 23, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has commenced drilling appraisal well 16/4-8S on the Luno II discovery, about 15 km south of Edvard Grieg field in the Norwegian North Sea.

Repsol makes two western Siberia discoveries

Jun 23, 2014

Repsol SA has made two hydrocarbon discoveries in the Karabashsky 1 and 2 blocks in the West Siberian Ouriyinskoye field of Russia.

Mubadala Petroleum confirms discoveries offshore Malaysia

Jun 23, 2014

Mubadala Petroleum, Abu Dhabi, reported that the Pagaga-2 appraisal well has confirmed an 850-m gas column in Block SK320 offshore Malaysia.

Statoil encounters dry hole in Barents Sea

Jun 20, 2014

Statoil ASA has completed drilling wildcat well 7324/2-1 about 45 km north of the 7324/8-1 Wisting Central discovery and 350 km north of Hammerfest.

East Timor plans first onshore bid round

Jun 20, 2014

The Democratic Republic of Timor Lesté (East Timor) is planning its first bid round for onshore acreage toward the end of this year.

Cornea set for 5-year assessment by local JV

Jun 20, 2014

The controversial Cornea oil and gas field in the Browse basin offshore Western Australia is set for a thorough 5-year assessment by a joint venture of local junior companies banding together as Cornea Resources Pty Ltd.

Eni signs PSC for block offshore China

Jun 20, 2014

Eni signed a production sharing contract with China National Offshore Oil Corp. for Block 50/34 off the southwestern coast of Hainan Island in the South China Sea.

BG-led group make oil, gas discovery off Kenya

Jun 19, 2014

The BG Group joint venture that includes Pancontinental Petroleum Ltd., Perth, has reported an oil discovery off Africa’s east coast.

EAGE: Southern North Sea yields discoveries, despite conventional wisdom

Jun 18, 2014

In production since 1965, the southern North Sea has long been perceived as a mature play with very few new opportunities. While the region’s production has remained stable, operators focused in the region have been forced to look outside of the productive fairways and other areas to find additional reserves.

Statoil, ExxonMobil make another gas discovery offshore Tanzania

Jun 18, 2014

Statoil ASA and coventurer ExxonMobil Corp. have made what the companies are calling a “high-impact” gas discovery in the Piri prospect offshore Tanzania, marking the sixth discovery on Block 2 by the firms.

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