More Oil & Gas Exploration and Development News

Obama administration proposes making ANWR Coastal Plain wilderness

Jan 26, 2015

The Obama administration said it will propose managing more of the Arctic National Wildlife Refuge, including its Coastal Plain, as wilderness. Alaska’s governor and congressional delegation immediately expressed their outrage at the Jan. 25 announcement as conservation and indigenous groups applauded it.

CNPC completes Keshen-902 appraisal well in China

Jan 26, 2015

China National Petroleum Corp. (CNPC) has completed the Keshen-902 appraisal well in Tarim oil field at a depth of 8,038 m, 15 m deeper than the Keshen-7 well drilled on the same structural belt 4.3 km away in 2011.

Norway offers 54 licenses in APA 2014

Jan 26, 2015

Statoil ASA, Lundin Petroleum AB, and E.On E&P Norge AS headlined Norway's Awards in Predefined Areas 2014 (APA 2014) licensing round for the North, Norwegian, and Barents seas.

Gazprom Neft receives two Arctic shelf exploration licenses

Jan 26, 2015

Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf and the Heysovskiy block on the Barents Sea shelf.

Study says most of California's fracturing done in Kern County

Jan 26, 2015

Almost all hydraulic fracturing done in California happens in the southwest portion of the San Joaquin basin in Kern County, said a scientific study released by the California Natural Resources Agency, the California Council on Science & Technology (CCST), and Lawrence Berkeley National Laboratory.

Epir-1 exploration well in Kenya encounters oil, gas shows

Jan 22, 2015

Tullow Oil PLC encountered oil and wet gas shows over a 100-m interval of nonreservoir quality rocks—demonstrating a working petroleum system—by way of the Epir-1 exploration well on Block 10BB in the North Kerio basin of Kenya.

Norway offers 54 licenses in APA 2014, announces licensing round

Jan 20, 2015

Statoil ASA, Lundin Petroleum AB, and E.On E&P Norge AS headlined Norway’s Awards in Predefined Areas 2014 (APA 2014) licensing round for the North, Norwegian, and Barents seas.

Noble drills dry hole via gulf’s Madison exploration well

Jan 20, 2015

Noble Energy Inc., Houston, reached the targeted upper and middle Miocene objectives but did not encounter commercial hydrocarbons in the Madison exploration well in the Gulf of Mexico, the company said.

Lundin spuds Zulu exploration well in North Sea

Jan 20, 2015

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, spud exploration well 26/10-1 in PL674BS to test the reservoir properties and hydrocarbon potential of Miocene aged sandstones of the Utsira formation in the Patch Bank Ridge.

Eni gets 3-year extension for exploration on Block 15/06 offshore Angola

Jan 19, 2015

Angolan authorities have given Italy’s Eni SPA a 3-year extension to the exploration period for offshore Block 15/06, 350 km northwest of the capital city of Luanda and 130 km east of Soyo town.

Nebraska Supreme Court vacates lower court's Keystone XL ruling

Jan 19, 2015

Nebraska's Supreme Court vacated a lower court's decision that legislation transferring authority to determine the proposed Keystone XL crude oil pipeline's route across the state to the governor from the Public Service Commission was unconstitutional.

Mexico's evolving fiscal terms

Jan 16, 2015

Mexico's energy reform has launched an ambitious process to end the long-standing state oil monopoly, holding the promise to increase oil production and bolster the overall economy.

Gazprom Neft receives two Arctic Shelf exploration licenses

Jan 16, 2015

Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf and the Heysovskiy block on the Barents Sea shelf.

Eni acquires deepwater blocks offshore Egypt

Jan 15, 2015

Eni SPA will resume exploration offshore Egypt under concession agreements based on production sharing it has signed covering two deepwater blocks offered in Egyptian Natural Gas Holding Co.’s 2013 bid round.

In lower price environment, Tullow Oil writes off $2.7 billion

Jan 15, 2015

Reviewing assets in a declining oil-price environment, Tullow Oil PLC reported pretax write-offs totalling $2.7 billion.

 

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