More Oil & Gas Exploration and Development News

IOC to buy stake in proposed PNW LNG terminal

Mar 10, 2014

Indian Oil Corp. Ltd. (IOC) has signed an agreement with Progress Energy Canada Ltd., Calgary; Pacific Northwest LNG Ltd. (PNW LNG), Vancouver, BC; and Malaysia’s Petronas in which affiliates of IOC will purchase a 10% interest in the proposed PNW LNG export facility on Canada’s west coast and Progress Energy’s LNG-destined gas reserves in northeast British Columbia.

Egypt: IPR finds oil, gas in Southwest Gebel El-Zeit prospect

Mar 7, 2014

Irving, Tex., independent IPR Inc. has made a discovery in its first drilled well, SWGEZ-5, in its Southwest Gebel El-Zeit concession in the Gulf of Suez offshore Egypt.

Guatemala: Atzam oil project advances

Mar 7, 2014

Latin American Resources Ltd. (LAR) has drilled to 1,250 ft and successfully set and cemented the first intermediate 13.375-in. casing string in the Atzam No. 5 well at the company’s Atzam oil project in Guatemala.

Taipan 2D seismic complete in Kenya’s Badada prospect

Mar 6, 2014

Taipan Resources Inc., Nairobi, Kenya, reported that an additional 196.2 km 2D seismic survey on Block 2B onshore Kenya has been completed, confirming robust closure at the Badada prospect, formerly known as the Pearl prospect.

Royale completes North Slope seismic acquisition

Mar 6, 2014

Royale Energy Inc., San Diego, has completed the field acquisition of its planned seismic survey over the western block of its Alaska North Slope acreage.

Woodside consolidates position in Porcupine basin off Ireland

Mar 6, 2014

Woodside Petroleum Ltd. has consolidated its position in Porcupine basin off western Ireland following the award of two exploration licences to Petrel Resources PLC, Dublin.

WHL farms out Seychelles offshore exploration project

Mar 5, 2014

WHL Energy Ltd., Perth, has farmed out a 75% interest in its Seychelles offshore exploration project to Ophir Energy PLC, London.

Lundin completes Balqis exploration well offshore Indonesia

Mar 4, 2014

Lundin Petroleum AB has completed exploration drilling of the Balqis prospect in the Baronang production-sharing contract (PSC) in the Natuna Sea off Indonesia.

Climate and clouds

Mar 3, 2014

A new United Nations report suggests an imminent danger from global warming. It states that without drastic action we may have "to develop the ability to suck greenhouse gases out of the atmosphere and store them underground".

RWE Dea Norge starts appraisal drilling at Titan

Mar 3, 2014

RWE Dea Norge AS has started drilling appraisal well 35/9-11 S to assess the Titan discovery in production license 420 about 16 km west of Gjoa field in the North Sea. It’s the first of two wells to be drilled on the license this year.

NPD: DNO oil find in Barents Sea ‘not commercially interesting’

Mar 3, 2014

The Norwegian Petroleum Directorate has deemed a Barents Sea oil discovery “not commercially interesting.” The well was drilled by the Transocean Ltd.’s Transocean Barents semisubmersible drilling rig for operator DNO ASA.

Statoil, ExxonMobil test Tanzania Block 2 resource

Mar 3, 2014

Statoil ASA and ExxonMobil Corp. completed their first drillstem test in the Tanzania Block 2 resource. Two separate, equipment-constrained intervals flowed at a maximum of 66 MMcfd, confirming good reservoir quality and connectivity, according to Statoil.

Central Illinois shows Siluro-Devonian oil potential

Mar 3, 2014

The Siluro-Devonian is one of the hottest oil and gas plays in the Illinois basin.

Senators ask Kerry to study Keystone XL health impacts

Mar 3, 2014

US Senate Energy and Public Works Committee Chair Barbara Boxer (D-Calif.) and committee member Sheldon Whitehouse (D-RI) jointly asked US Sec. of State John F. Kerry to fully examine potential health impacts before making a decision on the proposed Keystone XL crude oil pipeline.

VAALCO deems Dimba exploration well uneconomic

Feb 28, 2014

VAALCO Energy, Houston, reported its exploration well in the Dimba prospect, 7 miles northeast of the Etame field offshore Gabon, has been drilled to a total depth of 3,040 m and estimated recoverable reserves have been determined to be uneconomic.

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