More Oil & Gas Exploration and Development News

Survey finds US refiners capable of processing more light, sweet crude

Mar 30, 2015

US refiners have more than enough capacity to process the growing volumes of light, sweet crude oil that will be produced in the next few years, a survey commissioned by the American Fuel & Petrochemical Manufacturers found.

Watching Government: Species protection spreading

Mar 27, 2015

US Interior Sec. Sally Jewell spoke extensively about efforts to improve the greater sage grouse's habitat when she appeared before the Senate Energy and Natural Resources Committee on Feb. 24.

Santos participates in Malaysian oil find

Mar 26, 2015

The JX Nippon-led joint venture that includes Santos, Inpex, and Petronas has made an oil discovery with the Bestari-1 wildcat drilled offshore Sabah, Malaysia.

Cue gains Indonesian farm-in approval for Mahato PSC

Mar 26, 2015

Cue Energy Resources Ltd., Melbourne, received approval from Indonesia for a farm-in agreement with Bukit Energy to acquire a 12.5% interest in the Mahato production-sharing contract.

USGS issues Appalachian basin resource study for oil, gas, coal

Mar 25, 2015

The US Geological Survey issued a professional paper that examines large segments of the Appalachian basin’s oil, gas, and coal resources, including accumulations, stratigraphic and structural framework, and geochemical characteristics.

Libra extension well confirms 200-m oil column

Mar 25, 2015

Results from an extension well drilled by the Petroleo Brasileiro SA (Petrobras)-operated Libra consortium confirmed the presence a 200-m oil column with good reservoir permeability and porosity.

Shell completes $1.7 billion lease, trunk line sale in Nigeria

Mar 25, 2015

Shell Petroleum Development Co. of Nigeria Ltd. (SPDC) has completed its assignment of interest in oil mining lease 29 (OML 29) and the Nembe Creek trunk line (NCTL) and related facilities in the Eastern Niger Delta to Aiteo Eastern E&P Co. Ltd. for $1.7 billion.

Chevron unit inks Myanmar PSC for Rakhine basin exploration

Mar 25, 2015

Chevron Corp. subsidiary Unocal Myanmar Offshore Co. Ltd. has entered into a production-sharing contract with Myanmar national oil and gas company Myanma Oil & Gas Enterprise (MOGE) to explore for oil and gas in the Rakhine basin.

Lundin spuds Alta appraisal offshore Norway

Mar 25, 2015

Lundin Norway AS hopes to confirm the reservoir model and presence of hydrocarbons established in its Alta oil and gas discovery with an appraisal well spudded on PL609 in the southern Barents Sea offshore Norway.

Gazprom Neft to conduct seismic survey on Kurdistan’s Halabja block

Mar 24, 2015

Gazprom Neft Middle East, operator for JSC Gazprom Neft in the Kurdistan region of Iraq, will conduct a 2D seismic survey on the southeastern section of Halabja block.

Senate, House bills introduced to block EPA ozone proposal

Mar 23, 2015

US Senate and House members introduced bills to block the US Environmental Protection Agency's proposal to lower ground-level ozone limits as the plan's comment period ended and the House Science, Space, and Technology Committee held a hearing to examine its implications.

Chevron, Shell among most active bidders in gulf lease sale

Mar 23, 2015

Chevron Corp., ExxonMobil Corp., Royal Dutch Shell PLC, and Statoil ASA mostly led the way as Gulf of Mexico central planning area Lease Sale 235 drew 195 bids on 169 blocks from 42 companies, reported the US Bureau of Ocean Energy Management, which held the event Mar. 18 in New Orleans.

Alberta introduces oil sands environmental requirements

Mar 23, 2015

Alberta introduced new requirements to control tailings ponds and regulate water use from the Athabasca River as part of the Canadian province's efforts to reduce oil sands development impacts.

TAEP: Year of 'dramatic contraction' under way in Texas oil, gas employment

Mar 23, 2015

The Texas Petro Index (TPI) dropped seven points to 299.6 during January compared with December, reflecting low crude oil prices, a falling rig count, and decline in drilling permits.

Political disputes, insecurity stymie Lebanese bid round

Mar 23, 2015

For a promising natural gas resource off Lebanon, the only reportable discoveries are of ways to defer exploration.

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