More Oil & Gas Exploration and Development News

SOCO to test Lidongo X Marine 101 well offshore Congo (Brazzaville)

Oct 16, 2014

SOCO EPC will test a 20-m interval of tight sandstone in which it has encountered oil in an exploratory well on the Marine XI Block offshore Congo (Brazzaville).

API, other groups see overreach in ESA critical habitat proposals

Oct 16, 2014

Federal proposals to amend portions of the Endangered Species Act would significantly reshape and further complicate the law’s critical habitat process, and unjustifiably expand two federal services’ authority to make such designations, the American Petroleum Institute and five other oil and gas industry associations said.

Mountaineer Keystone adds Marcellus assets

Oct 15, 2014

Mountaineer Keystone Energy LLC, Pittsburgh, has completed the acquisition of equity interests in PDC Mountaineer LLC, a 50-50 joint venture PDC Energy Inc. and Lime Rock Partners LLC with interests in the Marcellus shale, for a total of $500 million.

DPE makes deep gas discovery offshore Dubai

Oct 14, 2014

Dubai Petroleum Establishment (DPE) reported that its T-02 deep gas exploration well has identified largely natural gas with no hydrogen sulfide content in the Pre Khuff formation in the Fateh field offshore Dubai. Drilled to 18,248 ft, T-02 is the deepest well in Dubai to date, DPE said.

BLM Rock Springs office seeks comments on proposed gas project

Oct 14, 2014

The US Bureau of Land Management’s Rock Springs field office is seeking public comments on a proposal to develop up to 17 natural gas wells on as many as 5 well pads about 35 miles northwest of Baggs, Wyo., in Sweetwater County.

Woodside farms into offshore Cameroon block

Oct 14, 2014

Woodside Petroleum Ltd., Perth, has farmed into the Tilapia production-sharing contract offshore Cameroon under an agreement with Glencore and Noble Energy Inc.

Statoil makes another gas discovery off Tanzania

Oct 14, 2014

Statoil ASA reported its seventh discovery on Block 2 offshore Tanzania, with the Giligiliani-1 finding 1.2 tcf of gas in place.

Lundin makes oil, gas find with Alta well in Barents Sea

Oct 14, 2014

Lundin Norway AS has discovered oil and natural gas with the Alta exploratory well in the southern Barents Sea, according to the company and the Norwegian Petroleum Directorate.

Daybreak advances Kentucky, California operations

Oct 13, 2014

Daybreak Oil & Gas Inc., Spokane, Wash., has advanced its operations in Kentucky and California.

Eni signs two more PSCs for blocks off Vietnam

Oct 13, 2014

Italy’s Eni SPA has signed two production-sharing contracts for exploration of blocks 116 and 124 off the coast of Vietnam.

Lundin spuds Gobi-1 exploration well in Natuna Sea

Oct 13, 2014

Lundin Petroleum AB has spudded the Gobi-1 wildcat oil exploration well to test the hydrocarbon potential of Oligocene and Early Miocene stacked fluvial reservoirs in a 3-way fault dependent structure in the Jemaja basin.

Prices and potential

Oct 13, 2014

If prices of crude oil continue to slide, oil production in the US very likely will follow. Naysayers then will claim vindication for their gloom about supply from unconventional resources. For a while, they'll seem right.

GWPC report examines changes in states' water protection rules

Oct 13, 2014

Regulatory agencies in 27 US states that produce 98% of the nation's oil and gas have significantly increased exploration and production oversight and rules, the Ground Water Protection Council said in a recent report.

Encana to acquire Athlon Energy in $7.1 billion deal

Oct 13, 2014

Encana Corp., Calgary, has agreed to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc., Ft. Worth, through an all-cash tender offer of $5.93 billion.

Oil & Gas UK report calls for greater collaboration offshore

Oct 13, 2014

The assurance of long-term future success for the UK's offshore oil and gas industry will depend largely on greater collaboration among industry and government participants, according to Oil & Gas UK's Economic Report 2014, released Sept. 30.

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