More Oil & Gas Exploration and Development News

Bahamas: Gravity data suggest existence of Triassic-Jurassic syn-rift

Oct 6, 2014

Recent analyses of gravity, magnetic, and seismic data in the southeastern region of the Bahamas provide clear evidence for the presence of a salt diapir at a depth of 5 km.

Permanent monitoring enhances life of field reservoir management

Oct 6, 2014

Although permanent reservoir monitoring (PRM) technology is in its infancy, certain components, such as life-of-field seismic (LoFS) systems, are becoming more commonplace.

BLM to offer 270 tracts in NPR-A lease sale

Oct 3, 2014

The US Bureau of Land Management will offer oil and gas leases within the National Petroleum Reserve-Alaska (NPR-A) at a sale on Nov. 19 in Anchorage, BLM’s Alaska State Office said in an Oct. 3 Federal Register notice.

GeoPark enters Peru with Morona block acquisition

Oct 2, 2014

GeoPark Ltd. has executed a joint investment agreement and joint operating agreement with state-owned Petroleos del Peru SA (Petroperu) to acquire 75% interest in and operate the 1.9-million-acre Morona block of northern Peru. The deal is expected to close first-quarter 2015.

Cub Energy resumes drilling in eastern Ukraine

Oct 2, 2014

KUB-Gas LLC, a 30%-owned subsidiary of Houston-based Cub Energy Inc., has resumed its drilling program in eastern Ukraine by spudding the Makeevskoye-22 (M-22) well, confirming that the security situation in and around the Makeevskoye, Olgovskoye, and North Makeevskoye licenses has improved.

Northern Alaska lease sales scheduled for Nov. 19

Oct 2, 2014

Alaska’s Department of Natural Resources has scheduled its annual North Slope, Beaufort Sea, and North Slope Foothills oil and gas lease sales for Nov. 19. The total lease area encompasses 14 million acres.

BP Oman lets drilling contracts for Khazzan tight gas project

Oct 2, 2014

BP Oman has let two long-term drilling contracts totaling $730 million for the Khazzan gas project in the southern portion of Block 61.

Gazprom Neft enters new stage of shale oil exploration in W. Siberia

Oct 2, 2014

JSC Gazprom Neft reported reaching a new stage in its exploration of shale oil deposits in Western Siberia’s Krasnoleninsky field.

GWPC report examines changes in states’ water protection rules

Oct 2, 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.

Noble to resume exploration drilling off Falkland Islands

Oct 1, 2014

Noble Energy Inc., Houston, will resume exploration drilling offshore the Falkland Islands in mid-2015 following the acquisition and evaluation of an extensive 3D seismic program over portions of the company’s 10-million-acre position.

Edgo Energy gets two licenses in Tajikistan

Sep 30, 2014

Edgo Energy, Amman, has secured licenses to two blocks in Tajikistan near the border with Afghanistan.

Statoil, Shell awarded shale license in Algeria

Sep 30, 2014

Algeria’s energy ministry has awarded Statoil ASA and Royal Dutch Shell PLC the 2,730-sq-km Timissit permit license in the Illizi-Ghadames basin in the southeast part of the country. The award is part of Algeria’s Fourth International Bid Round launched in January.

CGG to shoot seismic surveys offshore Gabon

Sep 29, 2014

The Gabon Ministry of Petroleum and Hydrocarbons plans a large marine seismic program aimed at enhancing presalt exploration.

Horizon-Roc Oil group makes oil find in Beibu Gulf off China

Sep 29, 2014

The Horizon Oil Ltd.-Roc Oil Co. Ltd. group working in the Beibu Gulf offshore China has made an oil discovery in the first of two planned exploration wells on Block 22/12.

Investors watch with interest as Mexican energy reform unfolds

Sep 29, 2014

Mexico is implementing key aspects of its energy reform more quickly than some observers had expected. So far this year, the country has passed 21 new and amended laws relating to the sector and selected the oil and gas fields that will be placed on the block in the country's first competitive upstream bid round, set for mid-2015.

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