More Oil & Gas Exploration and Development News

Separate Murkowski bill addresses crude exports, OCS revenue sharing

Jul 24, 2015

US Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.) introduced legislation that would end the ban on US crude oil exports, and establish federal Outer Continental Shelf revenue sharing for southern Mid-Atlantic and additional Gulf Coast states as well as Alaska.

Statoil’s Julius well discovers gas, condensate in King Lear area

Jul 23, 2015

Statoil ASA said its Julius exploratory well, drilled in the King Lear area of the Norwegian North Sea, has discovered gas and condensate (OGJ Online, Nov. 7, 2013).

BHP Billiton still interpreting deepwater Trinidad and Tobago seismic data

Jul 22, 2015

BHP Billiton, the operator of all of the deepwater blocks awarded by Trinidad and Tobago, has said it will decide how many wells it will drill based on its ongoing interpretation of the 20,000 sq km of seismic data it has collected in 2,500-8,500 ft of water.

BLM extends comment period for Colorado oil, gas project’s EA

Jul 21, 2015

The US Bureau of Land Management has extended the comment period for a preliminary environmental assessment (EA) of a proposed oil and gas project near Somerset, Colo., until Aug. 4, BLM’s Uncompahgre Field Office in Montrose, Colo., announced.

Geophysical surveys due onshore Tanzania

Jul 21, 2015

Tanzania Petroleum Development Corp. has let a contract to CGG for geophysical surveys over two onshore areas in preparation for future licensing rounds.

URTeC: Shell’s Hackbarth says unconventional innovation begins with data

Jul 20, 2015

Operators should resist the impulse to pull back on investments in technology despite a down oil market, said Claudia J. Hackbarth, manager, unconventional gas and tight oil research and development, Shell International E&P Inc. during a July 20 luncheon speech at the Unconventional Resources Technology Conference (URTeC) in San Antonio. “Innovation is needed now more than ever.”

Nile Delta gas strike due on production

Jul 20, 2015

Eni SPA said a natural gas discovery on the Nooros prospect in Egypt will be placed on production at an unspecified rate within 2 months.

URTeC: Panel sees resiliency in unconventional space

Jul 20, 2015

Panelists commented on future recovery of oil prices and the growth of unconventional drilling, then took questions from an overflow audience during the opening plenary session of the Unconventional Resources Technology Conference (URTeC) in San Antonio July 20.

BHI: US rig count falls 6 units to 857

Jul 17, 2015

The US drilling rig count fell 6 units to reach 857 during the week ended July 17, essentially cancelling out the last 3 weeks’ worth of gains, according to data from Baker Hughes Inc.

Aussie, Timor-Leste regulators terminate Timor Gap permit

Jul 17, 2015

Regulators in Australia and Timor-Leste have now formally terminated Timor Gap production-sharing contract JPDA 06-103, which leaves Australian companies Pan Pacific Petroleum NL (PPP), Sydney, and Oilex Ltd., Perth, in breach of their obligations and facing a possible financial liability.

ENOC trims Turkmen plan in Dragon takeover

Jul 16, 2015

Emirates National Oil Co. Ltd. (ENOC), Dubai, will lower target oil production from the Cheleken area offshore Turkmenistan after acquiring full control of Dragon Oil PLC as it expands into upstream oil and gas operations.

Mexican round nets two successful bids

Jul 16, 2015

Two of 14 shallow-water blocks received successful bids on July 15 in Mexico’s historic Round One offering of exploration and production rights (OGJ Online, Dec. 19, 2014). A joint venture of Talos Energy LLC, Houston; Sierra Oil & Gas, Mexico City; and Premier Oil PLC, London, submitted both bids.

Rosneft, Statoil drill two horizontal wells in pilot at North Komsomolskoye

Jul 14, 2015

OAO Rosneft and Statoil ASA have jointly drilled two horizontal exploitation wells in the PK1 layer of North Komsomolskoye field, Rosneft reported.

Total unveils development sites for renamed Papua LNG project

Jul 13, 2015

Total SA and its joint venture partners Oil Search Ltd. and InterOil Corp. have announced key infrastructure sites for development of the proposed Elk-Antelope LNG project in Papua New Guinea, now dubbed the Papua LNG project (PLNG).

WAFWA: Aerial survey finds lesser prairie chicken population grew

Jul 13, 2015

A recent range-wide aerial survey found the lesser prairie chicken population rose 25% from 2014 to 2015, the Western Association of Fish & Wildlife Agencies (WAFWA) reported. The bird's habitat lies in five US Midcontinent states with oil and gas production.

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