More Oil & Gas Exploration and Development News

Watching Government: Smaller study, big early findings

Sep 29, 2014

It may not have had the snap and sizzle of a study the National Academy of Sciences released the same day, but a report the US Department of Energy unveiled on Sept. 15 also put to rest concerns about natural gas from deep hydraulically fractured wells migrating upward into drinking water supplies.

OGJ Newsletter

Sep 29, 2014

International news for oil and gas professionals

Beneath Macondo's surface

Sep 29, 2014

While certainly not forgotten, the 2010 Macondo deepwater well blowout in the Gulf of Mexico seems safely in the past. The oil and gas industry responded with improved technology and procedures.

Statoil’s Pingvin gas discovery in Arctic ‘play opener,’ but noncommercial

Sep 26, 2014

Statoil ASA and its PL713 partners have made a gas discovery in the Pingvin prospect of the Barents Sea in the Arctic, 300 km northwest of Hammerfest.

Lundin Petroleum acquires interest in block offshore Malaysia

Sep 25, 2014

Lundin Malaysia BV, a wholly owned unit of Lundin Petroleum AB, has entered into agreements to acquire 50% interest in PM328, and operatorship of the block, from Petronas Carigali. The effective date of the transaction Aug. 31.

Cairn Energy farms out interest in Catcher development

Sep 25, 2014

Cairn Energy PLC reported entering into a farm out agreement for the sale of 10% interest in the Catcher development and adjacent acreage in the UK North Sea.

Petrobras extension well confirms Sergipe-Alagoas basin gas potential

Sep 25, 2014

Petroleo Brasileiro SA (Petrobras) encountered gas while drilling extension well 3-BRSA-1022-SES (3-SES-181) on concession BM-SEAL-4 in the Poco Verde area of the ultradeepwater Sergipe-Alagoas basin.

Greenland’s premier outlines deliberate, resolute resources approach

Sep 25, 2014

Greenland is moving deliberately, but resolutely, in preparing to develop its oil and gas and other mineral resources, its premier said at the Brookings Institution. Realizing that potential could take at least 20 years, other speakers indicated at the Sept. 24 event where a new report on the subject was released.

Companies awarded licenses onshore, offshore Egypt

Sep 25, 2014

Egyptian General Petroleum Corp. (EGPC) and Egyptian Natural Gas Holding Co. (Egas) have awarded licenses in their 2013 bid rounds for blocks in the Western Desert of Egypt and Mediterranean Sea.

New South Wales extends gas exploration ban by 12 months

Sep 25, 2014

The government of New South Wales has made a surprise announcement to extend its ban on gas exploration in the state by a further 12 months.

Investors watch with interest as Mexican energy reforms unfold

Sep 23, 2014

Mexico is implementing key aspects of its energy reform more quickly than some observers had expected. So far this year, the country has passed 21 new and amended laws relating to the sector and selected the oil and gas fields that will be placed on the block in the country’s first competitive upstream bid round, set for mid-2015.

Is air transport a health threat? EPA will decide

Sep 22, 2014

The US Environmental Protection Agency has the chance to demonstrate judgment when it decides whether air travel threatens humanity.

AAPG ICE: ExxonMobil outlines international approach to unconventional development

Sep 22, 2014

Global energy demand is expected to increase 35% to 2040, translating to 120 billion boe/year, or nearly 350 million boe/d, stated Rocky Becker, vice-president, Europe-Caspian-Russia at ExxonMobil Exploration Co.

AAPG ICE: Turkey sees early shale oil development

Sep 22, 2014

Turkey is slightly larger than the state of Texas geographically, yet the country has only seen 4,400 wells drilled since 1940.

AAPG ICE: Seismic reprocessing enhances potential for Russia's legacy basins

Sep 22, 2014

Russia's Precaucus and Uralian Foreland basins are the oldest and most developed oil and gas producing regions in the country. As the "birthplace" of Russia's oil industry, the Precaucus was first developed in the late 19th century.

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