More Oil & Gas Exploration and Development News

East Timor plans first onshore bid round

Jun 20, 2014

The Democratic Republic of Timor Lesté (East Timor) is planning its first bid round for onshore acreage toward the end of this year.

Cornea set for 5-year assessment by local JV

Jun 20, 2014

The controversial Cornea oil and gas field in the Browse basin offshore Western Australia is set for a thorough 5-year assessment by a joint venture of local junior companies banding together as Cornea Resources Pty Ltd.

Eni signs PSC for block offshore China

Jun 20, 2014

Eni signed a production sharing contract with China National Offshore Oil Corp. for Block 50/34 off the southwestern coast of Hainan Island in the South China Sea.

BG-led group make oil, gas discovery off Kenya

Jun 19, 2014

The BG Group joint venture that includes Pancontinental Petroleum Ltd., Perth, has reported an oil discovery off Africa’s east coast.

EAGE: Southern North Sea yields discoveries, despite conventional wisdom

Jun 18, 2014

In production since 1965, the southern North Sea has long been perceived as a mature play with very few new opportunities. While the region’s production has remained stable, operators focused in the region have been forced to look outside of the productive fairways and other areas to find additional reserves.

Statoil, ExxonMobil make another gas discovery offshore Tanzania

Jun 18, 2014

Statoil ASA and coventurer ExxonMobil Corp. have made what the companies are calling a “high-impact” gas discovery in the Piri prospect offshore Tanzania, marking the sixth discovery on Block 2 by the firms.

EAGE: Stall continues for Lebanon licensing round

Jun 17, 2014

Lebanon’s Petroleum Administration (LPA) awaits government action to finalize the country’s licensing round announced Apr. 18, 2013. A spokesman from Petroleum Geo-Services (PGS) represented the Lebanon’s Petroleum Administration in absentia at the European Association of Geophysicists & Engineers’ annual conference on June 17.

Australia: Santos, Inpex get block near Ichthys field

Jun 17, 2014

Santos Ltd. and Inpex have been awarded an 83 sq km block in Browse basin northwest of giant Ichthys gas-condensate field offshore Western Australia.

Beach Energy, 3D Oil form JV for offshore Otway basin permit

Jun 17, 2014

Beach Energy Ltd., Adelaide, has acquired a 20% interest in Tasmanian offshore Otway basin permit T/49P from 3D Oil Ltd., Melbourne, for $3 million (Aus.).

Noble to acquire interest in BP E&P deepwater gulf acreage

Jun 16, 2014

Noble Energy Inc., Houston, has reached an agreement with BP Exploration & Production Inc. to acquire 50% of BP E&P’s interest in 17 deepwater exploration leases in the Atwater Valley protraction area of the Gulf of Mexico.

Gazprom Neft prepares for Pechora Sea drilling in Dolginskoye field

Jun 16, 2014

JSC Gazprom Neft reported that an exploratory well drilled in Dolginskoye oil field in the Pechora Sea is planned during this year’s “ice-free” months.

President Energy spuds Paraguayan wildcat

Jun 16, 2014

President Energy PLC, London, has spudded what it calls the first deep exploration well in the Paraguayan part of the Chaco basin in almost 30 years.

Akin Gump: Mozambique, Tanzania are updating petroleum laws

Jun 16, 2014

The governments of Mozambique and Tanzania are developing laws and regulations so those nations can tap into revenues from potential natural gas export projects, a partner with Akin Gump Strauss Hauer & Field LLP said during a midyear energy briefing on June 4.

Next 5-year OCS plan to include South, Mid-Atlantic G&G data

Jun 13, 2014

The US Department of the Interior’s next 5-year Outer Continental Shelf oil and gas program will likely include fresh geologic and geophysical (G&G) data for the South and Mid-Atlantic OCS, US Bureau of Ocean Energy Management Acting Director Walter D. Cruickshank said.

Silver Creek, PostRock form Woodford JV

Jun 13, 2014

Silver Creek Oil & Gas LLC, Irving, Tex., and PostRock Energy Corp., Oklahoma City, have formed a joint venture covering 17,900 gross acres in the Woodford shale area of Cleveland and Pottawatomie counties in central Oklahoma.

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