More Oil & Gas Exploration and Development News

BP Oman lets drilling contracts for Khazzan tight gas project

Oct 2, 2014

BP Oman has let two long-term drilling contracts totaling $730 million for the Khazzan gas project in the southern portion of Block 61.

Gazprom Neft enters new stage of shale oil exploration in W. Siberia

Oct 2, 2014

JSC Gazprom Neft reported reaching a new stage in its exploration of shale oil deposits in Western Siberia’s Krasnoleninsky field.

GWPC report examines changes in states’ water protection rules

Oct 2, 2014

Regulatory agencies in 27 US states that produce 98% of the nation’s oil and gas have significantly increased exploration and production oversight and rules, the Ground Water Protection Council said in a recent report.

Noble to resume exploration drilling off Falkland Islands

Oct 1, 2014

Noble Energy Inc., Houston, will resume exploration drilling offshore the Falkland Islands in mid-2015 following the acquisition and evaluation of an extensive 3D seismic program over portions of the company’s 10-million-acre position.

Edgo Energy gets two licenses in Tajikistan

Sep 30, 2014

Edgo Energy, Amman, has secured licenses to two blocks in Tajikistan near the border with Afghanistan.

Statoil, Shell awarded shale license in Algeria

Sep 30, 2014

Algeria’s energy ministry has awarded Statoil ASA and Royal Dutch Shell PLC the 2,730-sq-km Timissit permit license in the Illizi-Ghadames basin in the southeast part of the country. The award is part of Algeria’s Fourth International Bid Round launched in January.

CGG to shoot seismic surveys offshore Gabon

Sep 29, 2014

The Gabon Ministry of Petroleum and Hydrocarbons plans a large marine seismic program aimed at enhancing presalt exploration.

Horizon-Roc Oil group makes oil find in Beibu Gulf off China

Sep 29, 2014

The Horizon Oil Ltd.-Roc Oil Co. Ltd. group working in the Beibu Gulf offshore China has made an oil discovery in the first of two planned exploration wells on Block 22/12.

Investors watch with interest as Mexican energy reform unfolds

Sep 29, 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.

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.

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