More Oil & Gas Exploration and Development News

W&T Offshore makes deepwater gulf discovery, starts Medusa production

May 28, 2015

W&T Offshore Inc., Houston, reported a discovery at Ewing Banks Block 910 and the start of production from the SS No. 6 well in Mississippi Canyon Block 538 field, both in the deepwater Gulf of Mexico.

Premier, Rockhopper strike oil in North Falkland basin

May 28, 2015

Premier Oil PLC and Rockhopper Exploration PLC have made an oil discovery at the Isobel Deep exploration well 14/20-1 in the North Falkland basin, 30 km south of Sea Lion field.

La Jolla Conference: Mexican energy reform a ‘telenovela,’ panelist says

May 27, 2015

Energy reform in Mexico is a telenovela wherein stories of intrigue and suspense will arise, but in the end, everything will turn out okay, opined Duncan Wood, director of the Mexico Institute at the Woodrow Wilson International Center for Scholars, during a May 21 panel discussion at the XXIV La Jolla Energy Conference in La Jolla, Calif.

CNOOC makes midsized oil discovery in eastern South China Sea

May 27, 2015

CNOOC Ltd. has made a midsized oil discovery in the Liuhua 20-2 structure in the Northern Slope Belt of the Baiyun Sag, which lies in the Pearl River Mouth basin of the South China Sea.

First assessment of NWT shales suggests multibillion barrel resource

May 27, 2015

An estimated 145 billion bbl of oil in place are in the Canol shale in Canada’s Northwest Territories, while the thinner Bluefish shale could contain 45 billion bbl in place, Canada’s National Energy Board and Northwest Territories jointly said on May 22 in the first government assessment of the formations’ resource potential.

Sole field enters into FEED stage

May 26, 2015

Sole, the previously stranded natural gas field in eastern Bass Strait, has entered into the front-end engineering and design stage and its owners are working towards making a final investment decision on development timed for third-quarter 2016.

Eni makes another Area D strike offshore Libya

May 26, 2015

Eni SPA estimates a natural gas and condensate discovery well in the Bouri North prospect offshore Libya can flow more than 3,000 boe/d when configured for production.

La Jolla Conference: Regulations still constraining unconventional energy development

May 26, 2015

While unconventional oil and gas production in the US remains mostly resilient amid the industry downturn, energy policy under the Obama administration hasn’t made things easier on companies forced to cope with new market realities, panelists said on May 20 during the XXIV La Jolla Energy Conference in La Jolla, Calif.

EIA: Eagle Ford's Eagleville oil field largest in US

May 25, 2015

Second Mid-Atlantic sale needed in next OCS plan, House panel told

May 25, 2015

The US Department of the Interior should schedule a second Mid-Atlantic Outer Continental Shelf oil and gas lease sale-and hold it earlier than in 2021-as it prepares its final 2017-22 OCS management plan, witnesses told a US House Natural Resources subcommittee.

Murkowski, Heitkamp introduce bill to end US crude oil export ban

May 25, 2015

US Sens. Lisa Murkowski (R-Alas.) and Heidi Heitkamp (D-ND) jointly introduced legislation that would end a 40-year ban on exports of crude oil produced in the US. Eleven more Senate Republicans cosponsored the measure.

Obama administration opposes Senate's trio of OCS leasing bills

May 25, 2015

The Obama administration opposes a trio of US Senate bills that propose establishing or increasing states' shares of federal oil and gas revenue from leasing and development off their shores, US Bureau of Ocean Energy Management Director Abigail Ross Hopper told the Senate Energy and Natural Resources Committee.

OGJ Newsletter

May 25, 2015

International news for oil and gas professionals

FWS mulling steps to curb migratory bird deaths at oil and gas sites

May 22, 2015

The US Fish & Wildlife Service intends to prepare a programmatic environmental impact statement to evaluate possible steps for reducing accidental migratory bird deaths from oil and gas and other industrial activities.

BHI: US rig count decline continues to slow, now down 3 to 885

May 22, 2015

The decline in the US drilling rig count continued to slow again during the week ended May 22, according to Baker Hughes Inc. The total count was off by 3 rigs for a total of 885. The count has now fallen for 24 consecutive weeks.

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