More Oil & Gas Exploration and Development News

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.

Eni, KMG sign Caspian exploration agreement

Jun 13, 2014

Italy’s Eni SPA and Kazakhstan’s state-owned KazMunayGas (KMG) have signed a strategic agreement in which each company will hold 50% interest in exploration and production rights for the Isatay exploration area in the north Caspian Sea.

Indonesia: FMC lets contracts for Jangkrik umbilicals

Jun 12, 2014

FMC Technologies Singapore Pte. Ltd., a subsidiary of FMC Technologies Inc., Houston, has let a contract to Oceaneering International Inc. for the supply of umbilicals for the Jangkrik project in the Eni SPA-operated Muara Bakau production-sharing contract area offshore Indonesia.

CGG performs seep survey in Barents Sea

Jun 12, 2014

Robertson Geolab, the surface geochemistry arm of CGG, reported that it’s conducting a multiclient surface geochemistry survey to detect seafloor seepages of hydrocarbons in the southeastern Barents Sea.

BLM approves Noble’s eastern Nevada exploration drilling plans

Jun 12, 2014

The US Bureau of Land Management approved Noble Energy Inc.’s plan to drill exploratory oil and gas wells in the Tabor Flats area about 4 miles northwest of Wells, Nev., BLM’s Wells field office announced.

Sinopec, FTSI form JV to tap China’s unconventional resources

Jun 11, 2014

Sinopec Group has entered into a 15-year joint venture agreement with FTS International (FTSI), Ft. Worth, with the intention of tapping into China’s vast unconventional resources.

ConocoPhillips, Suncor join Shell in deepwater exploration off Nova Scotia

Jun 11, 2014

ConocoPhillips and Suncor Energy Inc. are joining Shell Canada as partners in exploring the deepwater Shelburne basin off Nova Scotia.

Eni farms into permit offshore South Africa

Jun 10, 2014

Eni SPA has agreed to acquire 40% interest and operatorship in exploration right permit 236 (ER236) offshore South Africa’s east coast from Sasol Petroleum International, the upstream oil and gas arm of Sasol Ltd.

BHP Billiton farms into deepwater Trinidad and Tobago blocks

Jun 6, 2014

BHP Billiton Ltd. has acquired a 70% stake in BP Trinidad & Tobago’s (BPTT) two deepwater blocks off Trinidad and Tobago’s east coast, leaving the Caribbean twin-island nation’s largest gas producer with a 30% interest in Blocks TTDAA 14 and 23(a).

Saratoga tests Rocky 3 well at 1,500 b/d of oil

Jun 4, 2014

Saratoga Resources Inc., Houston, has provided an update on its Rocky 3 horizontal development well in Breton Sound Block 32 field.

Beach Energy JV makes two discoveries in Cooper western flank

Jun 3, 2014

A joint venture of Beach Energy Ltd., Adelaide, and Drillsearch Energy Ltd. has added to is successful drilling campaign with two discoveries in the western flank of the Cooper basin in permit PEL 91 in South Australia.

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