More Oil & Gas Exploration and Development News

U-M researchers analyze Michigan's policy options for hydraulic fracturing in Utica-Collingwood

Apr 1, 2015

University of Michigan researchers released a detailed draft analysis of policy options for hydraulic fracturing in Michigan during February.

Eni signs PSCs for two blocks offshore Myanmar

Mar 31, 2015

Eni SPA has signed production-sharing contracts for Blocks MD2 and MD4 offshore Myanmar following participation in the country’s International Bid Round launched in 2013.

Johnson to succeed Kirkland as Chevron executive VP, upstream

Mar 31, 2015

Chevron Corp. has appointed James W. Johnson to succeed George L. Kirkland as executive vice-president, upstream. Kirkland, who also serves as vice-chairman, will retire from the company effective June 15.

Reliance signs PSC for Myanmar blocks

Mar 31, 2015

Reliance Industries Ltd. (RIL) has taken on 96% interest in a production sharing contract as operator for blocks M17 and M18 off Myanmar. Both offshore blocks encompass 27,600 sq km in up to 3,000 ft of water in the Moattama basin. RIL won two out of three bids, the company said.

Maryland’s AG opposes Mid-Atlantic OCS oil and gas leasing

Mar 31, 2015

Maryland Attorney General Martin E. Frosh (D) said he strongly opposes proposed oil and gas activity on the Mid-Atlantic US Outer Continental Shelf in comments submitted to the US Bureau of Ocean Energy Management.

API asks BOEM not to cut already-restrictive offshore leasing draft

Mar 30, 2015

The US Bureau of Ocean Energy Management’s proposed 2017-22 draft proposed federal offshore oil and gas leasing program already is too restrictive and should not be reduced further, the American Petroleum Institute said in comments submitted to the US Department of the Interior agency.

Chevron exits Cooper basin unconventional gas project

Mar 30, 2015

Chevron Corp. has pulled out of the Nappameri Trough unconventional gas project in the Cooper basin, leaving other joint venture partners Beach Energy Ltd. and Icon Energy Ltd. to go it alone.

Statoil makes eighth discovery off Tanzania

Mar 30, 2015

Statoil ASA has discovered an additional 1.0-1.8 tcf of natural gas in Block 2 off Tanzania bringing the total in-place volumes to about 22 tcf. The new Mdalasini discovery is in 2,296 m of water at the southernmost end of the block.

DOI issues final rule for fracing on public, tribal lands

Mar 30, 2015

The US Department of the Interior has issued a long-anticipated final rule to govern hydraulic fracturing of onshore oil and gas wells on public and tribal lands.

Financial reporting's elements

Mar 30, 2015

Oil and gas companies are currently preparing their 2014 yearend financial statements that will showcase their operating results to shareholders.

Species protection spreading

Mar 30, 2015

US Interior Sec. Sally Jewell spoke extensively about efforts to improve the greater sage grouse's habitat when she appeared before the Senate Energy and Natural Resources Committee on Feb. 24.

Survey finds US refiners capable of processing more light, sweet crude

Mar 30, 2015

US refiners have more than enough capacity to process the growing volumes of light, sweet crude oil that will be produced in the next few years, a survey commissioned by the American Fuel & Petrochemical Manufacturers found.

Watching Government: Species protection spreading

Mar 27, 2015

US Interior Sec. Sally Jewell spoke extensively about efforts to improve the greater sage grouse's habitat when she appeared before the Senate Energy and Natural Resources Committee on Feb. 24.

Santos participates in Malaysian oil find

Mar 26, 2015

The JX Nippon-led joint venture that includes Santos, Inpex, and Petronas has made an oil discovery with the Bestari-1 wildcat drilled offshore Sabah, Malaysia.

Cue gains Indonesian farm-in approval for Mahato PSC

Mar 26, 2015

Cue Energy Resources Ltd., Melbourne, received approval from Indonesia for a farm-in agreement with Bukit Energy to acquire a 12.5% interest in the Mahato production-sharing contract.

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