More Oil & Gas Exploration and Development News

Abandoned gulf reservoirs provide low cost, low risk prospects

Aug 4, 2014

Production growth of onshore unconventional oil and gas and of deepwater oil has headlined a fundamental change in US hydrocarbon supply in the last 6 years.

GUIDE TO WORLD CRUDES: BP updates assay for Angolan Saturno crude

Aug 4, 2014

Based on a sample taken Feb. 4, 2014, BP PLC has published an updated assay of its Saturno Blend crude oil, which is the marketing name for production from Plutão, Saturno, Venus, and Marte (PSVM) fields in the ultradeepwater area of Block 31 off Angola (OGJ Online, Jan. 31, 2013; Feb. 4, 2009; Nov. 24, 2003; Mar. 17, 2003).

Chesapeake, RKI E&P agree on Powder River acreage exchange

Aug 4, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

Senate Democrats call for expanded leasing in next OCS 5-year plan

Aug 1, 2014

Energy and Natural Resources Committee Chairwoman Mary L. Landrieu (D-La.) and three other US Senate Democrats urged US Sec. of the Interior Sally Jewell to consider leasing more of the US Outer Continental Shelf for oil and gas exploration and development in the next 5-year program.

Gazprom Neft starts exploratory drilling in Iraq’s Kurdistan region

Aug 1, 2014

JSC Gazprom Neft has commenced with exploratory drilling on the Shakal block in the southwest part of Iraq’s Kurdistan region.

BLM drilling permit bill attracts broad support at Senate hearing

Aug 1, 2014

Witnesses and committee members argued over the extent of oil and gas drilling permit delays at US Bureau of Land Management field offices. But they strongly supported a bill that would make permanent a pilot program enacted in 2005 to begin relieving the problem at a July 29 US Senate Energy and Natural Resources Committee hearing.

Gulfsands drills exploration well in Morocco’s Rharb Centre permit

Jul 31, 2014

Gulfsands Petroleum PLC has successfully drilled the Lalla Yetou Updip-1well (LTU-1) in the Rharb Centre permit of northern Morocco.

Eni makes gas, condensate discovery offshore Gabon

Jul 31, 2014

Italy’s Eni SPA has made a natural gas and condensate discovery in the Nyonie Deep exploration prospect on Block D4 about 13 km offshore Gabon, 50 km from the capital city of Libreville.

Eni signs PSCs for onshore Myanmar blocks

Jul 31, 2014

Eni SPA has signed production-sharing contracts for two blocks in Myanmar with the country’s Ministry of Energy.

BOEM adds 15 days to 2017-22 OCS leasing program’s comment period

Jul 30, 2014

The US Bureau of Ocean Energy Management said it would allow 15 additional days for public comments on its request for information and comments on preparation of its 2012-17 US Outer Continental Shelf oil and gas leasing program.

BOEM seeks information for possible 2017 Beaufort Sea lease sale

Jul 28, 2014

The US Bureau of Ocean Energy Management issued a call for information and nominations on July 25 for a possible 2017 oil and gas lease sale in the Beaufort Sea off Alaska’s coast. Comments for what would be OCS Lease Sale 242 will be accepted for 45 days, it said.

SAFE: Report's 'flash points' emphasize US transportation fuel problem

Jul 28, 2014

A proliferation of global oil geopolitical "flash points" makes it even more urgent for the US to aggressively reduce its dependence on crude oil for transportation fuels, according to speakers discussing a report issued by Securing America's Future Energy (SAFE).

BOEM issues ROD for environmental review of G&G survey off Atlantic Coast

Jul 28, 2014

The US Bureau of Ocean Energy Management (BOEM) issued a record of decision (ROD) for environmental review of geological and geophysical (G&G) survey activities off the Atlantic Coast.

API survey finds gap between voters, federal officials on development

Jul 24, 2014

A substantial gap exists between registered voters’ support for more US oil and gas development on federal lands, and what they think federal officials actually are doing about it, according to a recent survey commissioned by the American Petroleum Institute.

Statoil enters Colombia by securing offshore license

Jul 23, 2014

Statoil ASA has been awarded 33.33% interest in the COL4 license offshore Colombia in the Caribbean Sea during the 2014 Colombia Licensing Round, marking the Norwegian company’s entry into the South American country.

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