More Oil & Gas Exploration and Development News

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.

Statoil updates lackluster Barents Sea exploration program

Nov 24, 2014

Statoil ASA has wrapped up its 2013-14 exploration program in the Barents Sea-one that included a notable disturbance from environmental activists-with fewer commercial discoveries than the company had originally anticipated.

Statoil halts Kwanza exploration program offshore Angola

Nov 21, 2014

Statoil ASA has canceled the Stena Carron rig contract, effective Nov. 21, after fulfilling work commitments in company-operated Blocks 38 and 39 of the presalt Kwanza basin offshore Angola.

Bids spike in Northern Alaska lease sales

Nov 19, 2014

Alaska’s Division of Oil & Gas received 356 bids on 298 tracts in its 2014 Northern Alaska area-wide lease sales, trumping the 92 bids received for 91 tracts in the same areas last year.

NOIA, API studies list benefits of more federal OCS leasing

Nov 19, 2014

Offshore oil and gas leasing in the eastern Gulf of Mexico and on the US Atlantic and Pacific coasts could create more than 838,000 American jobs and raise more than $200 billion in revenue for the government, according to recent studies released jointly by the National Ocean Industries Association and the American Petroleum Institute.

Cairn-led JV makes another oil discovery offshore Senegal

Nov 19, 2014

A well drilled offshore Senegal by a group led by Cairn Energy PLC will be plugged and abandoned following completion of logging operations, and will be appraised next year.

CNOOC makes oil find with Lufeng well in South China Sea

Nov 19, 2014

China National Offshore Oil Corp. Ltd. reported what it is calling a midsized oil discovery in the eastern part of the South China Sea.

Eni signs PSA addendum to extend E&P work in Turkmenistan

Nov 18, 2014

Eni SPA has signed an addendum to the production-sharing agreement (PSA) it has with Turkmenistan with respect to the onshore Nebit Dag block in western Turkmenistan.

Eni, Sonangol to study nonassociated gas

Nov 18, 2014

Eni SPA and state-owned Sonangol have entered a strategic agreement to assess potential of nonassociated gas in the Lower Congo basin offshore Angola.

Kitabu-1 well offshore Malaysia is dry

Nov 18, 2014

A well designed to test Miocene turbidite sands similar to pay in South Furious 30 oil field 4 km to the south offshore Sabah, Malaysia, is dry.

Saudis have reasons better than shale to let prices fall

Nov 17, 2014

Only by overlooking important forces in markets and politics can anyone assert that Saudi Arabia is letting crude prices fall mainly to extinguish competition from North American shale oil.

New API standards cover offshore drilling, production structures

Nov 17, 2014

The American Petroleum Institute published five new recommended practices (RPs) for the design, construction, and maintenance of structures used in offshore oil and gas drilling and production.

Gas price uncertainty could defer projects, Niko says

Nov 17, 2014

Niko Resources Ltd., Calgary, says uncertainty regarding natural gas price premiums in India could cause deferral of development of certain discoveries.

Market Connection

PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AMERICA’S OLDEST & MOST RESPECTED OFFSHORE/ONSHORE HEAVY FABRICATION FACILITIES: OFFSHORE MARINE EQUIPMENT, TREMENDOUS OFFERING OF MOBILE EQUIPMENT, COMPLETE OFFSHORE PLATFORM & JACKET MANUFACTURING FACILITIES.

PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
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