More Oil & Gas Exploration and Development News

Evolving PSC offers insight into Mexico's legal framework

Mar 2, 2015

The Mexican National Hydrocarbons Commission (CNH) on Mar. 13 will publish a revised draft of the production-sharing contract (PSC) it proposed last Dec. 11 for exploration and production rights covering 14 shallow-water areas to be offered in the first phase of Round One bidding.

COMMENT: Mexico's energy reform: A sobriety check

Mar 2, 2015

The Mexican energy reform of 2014 encompasses all links in the oil, gas, and power value chains.

IHS: Crude transported by Keystone XL would be consumed in US

Mar 2, 2015

Most, if not all, of the crude oil that would be transported via the proposed Keystone XL pipeline to the US Gulf Coast would not be exported, and the vast majority of refined product-about 70%-derived from it would be consumed in the US, according to a recent report by IHS.

DOI proposes Arctic-specific drilling regulations for Alaska OCS

Mar 2, 2015

The US Department of the Interior proposed regulations to ensure that oil and gas exploration on the US Arctic Continental Shelf occur safely and responsibly.

New regulator lists UKCS 'priority actions'

Mar 2, 2015

The UK's Oil and Gas Authority (OGA), responding to calls from industry and the government for prompt support of UK Continental Shelf exploration and production, has described "eight highest priority actions" for its first year of operation.

OGJ Newsletter

Mar 2, 2015

International news for oil and gas professionals

Smart phone technology enhances field studies

Mar 2, 2015

Throughout northern Oklahoma and Kansas, the Mississippian Lime has emerged as a significant unconventional oil play.

Technique connects known, unknown EURs, manages expectations

Mar 2, 2015

Reserves reports often rely on volumetric probabilistic EUR assessments while remaining vague or silent on how these estimates relate to what is actually known or proven.

New analytics, modeling improve subsalt drilling safety

Mar 2, 2015

Analytical models driven by advanced computing capacity and by numerical and physical models improve safety while drilling ultradeepwater subsalt basins.

Marathon revises down budget by 20%

Feb 27, 2015

Marathon Oil Corp., Houston, has reduced its capital, investment, and exploration budget for 2015 by another 20% to $3.5 billion.

UKCS report cites need for deep cost cuts

Feb 27, 2015

The struggling producing industry on the UK Continental Shelf needs deep cost cuts, according to the Oil & Gas UK's Activity Survey 2015.

Suriname bid round draws lackluster response

Feb 26, 2015

The dramatic fall in oil prices is being blamed for the lack of interest shown by international oil companies (IOCs) in the deepwater offshore Suriname in the Suriname-Guyana basin.

Uganda announces tender for Albertine Graben acreage

Feb 26, 2015

The virtually untouched Albertine Graben of Uganda may contain more than 6.5 billion bbl of oil resources according Ugandan officials.

BLM Utah office adopts USFS leasing analysis for Fishlake Forest

Feb 26, 2015

The US Bureau of Land Management’s Utah state office will adopt the US Forest Service’s final environmental impact statement and record of decision for oil and gas leasing on land administered by Fishlake National Forest.

New regulator lists UKCS ‘priority actions’

Feb 25, 2015

The UK’s Oil and Gas Authority, responding to calls from industry and the government for prompt support of UK Continental Shelf (UKCS) exploration and production, has described “eight highest priority actions” for its first year of operation.

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