More Oil & Gas Exploration and Development News

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.

Warrego Energy signs farmout for tight gas field

Feb 28, 2014

Warrego Energy Ltd., Perth, has signed a $40 million (Aus.) farmout agreement with Dutch exploration and production specialists Dyas BV and Mazarine Energy BV to bring technical expertise to development of the West Erregulla tight gas field in the onshore North Perth basin in Western Australia.

India sets new policy for geoscientific data generation

Feb 28, 2014

India is seeking to accelerate exploration and production operations with a new policy on geoscientific data generation.

BOEM issues programmatic EIS for offshore Atlantic G&G activity

Feb 27, 2014

The US Bureau of Ocean Energy Management moved a step closer to geologic and geophysical (G&G) activity on the southern and mid-Atlantic US Outer Continental Shelf as it released its long-awaited final programmatic environmental impact statement (PEIS) for the area.

Gazprom Neft boosts proved, probable reserves in 2013

Feb 27, 2014

JSC Gazprom Neft said it boosted proved and probable hydrocarbon reserves in 2013.

Lundin spuds Edvard Grieg appraisal well

Feb 26, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has started drilling appraisal well 16/1-18 on PL338 in the southeastern part of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf.

Barents Sea seismic collaboration grows

Feb 25, 2014

The Statoil ASA-operated collaboration of oil and gas companies for joint seismic acquisition in the southeastern Barents Sea has expanded, adding 16 companies to reach an updated total of 33. The project’s purpose is to secure good data quality and low acquisition costs, Statoil said.

Stone provides update on deepwater Cardona well

Feb 25, 2014

Stone Energy Corp., Lafayette, La., has reported an update on the progress of its deepwater Cardona well on Mississippi Canyon Block 29 in the Gulf of Mexico.

Watching Government: Murkowski's Arctic heat

Feb 24, 2014

As the nation's capital tried to dig its way out of snow left from a pair of storms, US Sen. Lisa Murkowski (R-Alas.) leveled a blast at the Obama administration for not moving more aggressively on establishing a strong US arctic strategy.

Ithaca makes North Sea oil discovery

Feb 21, 2014

Ithaca Energy Inc. reported the discovery of oil in its Trell prospect in PL102 F/G in the Norwegian North Sea.

Lundin completes Barents Sea exploration well

Feb 21, 2014

Lundin Petroleum AB reported through its subsidiary, Lundin Norway AS, that it has completed drilling of its 7222/11-2 well on the Langlitinden prospect in PL659 in the Barents Sea.

Statoil discovers more gas at Johan Castberg

Feb 20, 2014

Statoil ASA has reported that its exploration well 7220/4-1 has encountered a 130-m gas column in the Sto and Nordmela formations though the company reported that reservoir quality was poorer than expected. In the Snadd formation, the well encountered a 45-m gas column.

Turkey: TransAtlantic to farmout Idil license

Feb 20, 2014

TransAtlantic Turkey Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has reached a farmout agreement with Oslo-based Onshore Petroleum Co. AS on TransAtlantic’s Idil license in southeastern Turkey.

Canacol’s Leono 2 exploration well flows oil from Colombia’s Llanos basin

Feb 19, 2014

Canacol Energy Ltd. has announced its second well, Leono 2, on the LLA 23 contract in the Colombia’s Llanos basin encountered 121 ft of net oil pay in four separate reservoirs.

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