More Oil & Gas Exploration and Development News

Repsol completes tests of two Alaska North Slope wells

Jun 5, 2015

Repsol SA says it has completed testing two wells during its winter exploration campaign in Alaska’s North Slope with better-than-expected yields of good quality crude that, along with positive results from previous campaigns, confirm the development potential of the area.

Lundin makes oil discovery northwest of Snorre

Jun 4, 2015

Lundin Norway AS made an oil discovery 40 km northwest of Snorre field, the Norwegian Petroleum Directorate reported.

Senate panel divided on bills to modify EPA’s proposed ozone rules

Jun 3, 2015

US Senate Environment and Public Works Committee members divided along party lines over the US Environmental Protection Agency’s proposed National Ambient Air Quality Standards covering ground-level ozone, and a trio of Republican bills that would delay or modify their implementation.

E&Y: US firms’ capex, revenues, reserves up again in 2014, but cuts loom

Jun 3, 2015

US oil and gas companies reported increases across the board in capital expenditures, revenues, and reserves in 2014 as oil prices nearly halved during the second half, according to an annual oil and gas reserves study conducted by Ernst & Young unveiled in Houston on June 3.

Kina’s Papua New Guinea wildcat well hits volcanic rock

Jun 2, 2015

Kina Petroleum Ltd.’s much-hyped wildcat in northern Papua New Guinea has hit an unexpected problem.

Dana Gas, BP conclude agreement for El Matariya drilling

Jun 2, 2015

Dana Gas and BP PLC have completed an agreement for drilling an exploration well in the 960-sq-km El Matariya onshore concession area, awarded to the companies in the EGAS 2014 International Bid Round, in Egypt’s Nile Delta.

LLOG finds oil on Crown & Anchor prospect

Jun 2, 2015

Privately owned LLOG Exploration Co. LLC and partners are studying subsea development of a discovery at their Crown & Anchor prospect on Viosca Knoll Block 959 in the Gulf of Mexico.

Final EISs, management plans released for sage grouse in 10 states

Jun 1, 2015

The US Bureau of Land Management and US Forest Service jointly released 14 final environmental impact statements and proposed federal land management plans in 10 Western states to protect the greater sage grouse and its habitat. Oil and gas groups said the requirements contradict a strong cooperative effort by states, producers, ranchers, local communities, and other stakeholders to accomplish the same purpose.

Condensate considerations

Jun 1, 2015

Bills to expand federal offshore oil and gas leasing and revenue sharing with coastal states may have generated more questions.

La Jolla Conference: Mexican energy reform a 'telenovela,' panelist says

Jun 1, 2015

Energy reform in Mexico is a telenovela wherein stories of intrigue and suspense will arise, but in the end, everything will turn out okay, opined Duncan Wood, director of the Mexico Institute at the Woodrow Wilson International Center for Scholars, during a May 21 panel discussion at the XXIV La Jolla Energy Conference in La Jolla, Calif.

La Jolla Conference: Regulations still constraining unconventional energy development

Jun 1, 2015

While unconventional oil and gas production in the US remains mostly resilient amid the industry downturn, energy policy under the Obama administration hasn't made things easier on companies forced to cope with new market realities, panelists said on May 20 during the XXIV La Jolla Energy Conference in La Jolla, Calif.

FWS, NMFS propose changes for seeking endangered species listings

Jun 1, 2015

Petitions to federally list species as endangered will need to show that state wildlife agencies have been contacted beforehand and include relevant information about what those agencies are doing, the US Fish & Wildlife Service and National Marine Fisheries Service said as they jointly proposed reforms to the federal Endangered Species Act process.

OGJ Newsletter

Jun 1, 2015

International news for oil and gas professionals

Petrobras confirms Carcara light oil potential in Santos basin

May 29, 2015

Petroleo Brasilierio SA (Petrobras) found a 352-m oil column of 31º gravity in continuous and connected reservoirs while drilling the second well in the Carcara area on Block BM-S-8 in the ultradeep waters of the presalt Santos basin.

Statoil enters offshore Nicaragua with four licenses

May 29, 2015

Statoil ASA has been awarded four licenses covering 16,000 sq km in the largely unexplored Sandino basin of the Nicaraguan Pacific.

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