More Oil & Gas Exploration and Development News

E&Y: US oil, gas companies’ reserves, profits up in 2013

Jun 24, 2014

A slight decrease in capital spending by US oil and gas companies in 2013 gave way to a 9% increase in oil and gas reserves, strong oil prices, and improving natural gas prices, Ernst & Young reported on June 24 in its annual US oil and gas reserves study.

Watching Government: Necessary conversations

Jun 23, 2014

"We have the world's best trout fishing 90 min from downtown Denver," the Park County, Colo., official said between sips of coffee in the Longworth House Office Building cafeteria on June 3. "It brings a lot of visitors in each summer. We don't want to lose that."

Lundin spuds appraisal well on Luno II discovery

Jun 23, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has commenced drilling appraisal well 16/4-8S on the Luno II discovery, about 15 km south of Edvard Grieg field in the Norwegian North Sea.

Repsol makes two western Siberia discoveries

Jun 23, 2014

Repsol SA has made two hydrocarbon discoveries in the Karabashsky 1 and 2 blocks in the West Siberian Ouriyinskoye field of Russia.

Mubadala Petroleum confirms discoveries offshore Malaysia

Jun 23, 2014

Mubadala Petroleum, Abu Dhabi, reported that the Pagaga-2 appraisal well has confirmed an 850-m gas column in Block SK320 offshore Malaysia.

Statoil encounters dry hole in Barents Sea

Jun 20, 2014

Statoil ASA has completed drilling wildcat well 7324/2-1 about 45 km north of the 7324/8-1 Wisting Central discovery and 350 km north of Hammerfest.

East Timor plans first onshore bid round

Jun 20, 2014

The Democratic Republic of Timor Lesté (East Timor) is planning its first bid round for onshore acreage toward the end of this year.

Cornea set for 5-year assessment by local JV

Jun 20, 2014

The controversial Cornea oil and gas field in the Browse basin offshore Western Australia is set for a thorough 5-year assessment by a joint venture of local junior companies banding together as Cornea Resources Pty Ltd.

Eni signs PSC for block offshore China

Jun 20, 2014

Eni signed a production sharing contract with China National Offshore Oil Corp. for Block 50/34 off the southwestern coast of Hainan Island in the South China Sea.

BG-led group make oil, gas discovery off Kenya

Jun 19, 2014

The BG Group joint venture that includes Pancontinental Petroleum Ltd., Perth, has reported an oil discovery off Africa’s east coast.

EAGE: Southern North Sea yields discoveries, despite conventional wisdom

Jun 18, 2014

In production since 1965, the southern North Sea has long been perceived as a mature play with very few new opportunities. While the region’s production has remained stable, operators focused in the region have been forced to look outside of the productive fairways and other areas to find additional reserves.

Statoil, ExxonMobil make another gas discovery offshore Tanzania

Jun 18, 2014

Statoil ASA and coventurer ExxonMobil Corp. have made what the companies are calling a “high-impact” gas discovery in the Piri prospect offshore Tanzania, marking the sixth discovery on Block 2 by the firms.

EAGE: Stall continues for Lebanon licensing round

Jun 17, 2014

Lebanon’s Petroleum Administration (LPA) awaits government action to finalize the country’s licensing round announced Apr. 18, 2013. A spokesman from Petroleum Geo-Services (PGS) represented the Lebanon’s Petroleum Administration in absentia at the European Association of Geophysicists & Engineers’ annual conference on June 17.

Australia: Santos, Inpex get block near Ichthys field

Jun 17, 2014

Santos Ltd. and Inpex have been awarded an 83 sq km block in Browse basin northwest of giant Ichthys gas-condensate field offshore Western Australia.

Beach Energy, 3D Oil form JV for offshore Otway basin permit

Jun 17, 2014

Beach Energy Ltd., Adelaide, has acquired a 20% interest in Tasmanian offshore Otway basin permit T/49P from 3D Oil Ltd., Melbourne, for $3 million (Aus.).

Market Connection

mac-weld machinery

MAC-WELD Machining Ltd.

MAC-WELD Machining Ltd. Thermowells, Instrument Valves, Level Chambers, Orifice Plates, Bleed/Flush Rings. Over 35 years of instrumentation hardwa...
PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AMERICA’S OLDEST & MOST RESPECTED OFFSHORE/ONSHORE HEAVY FABRICATION FACILITIES: OFFSHORE MARINE EQUIPMENT, TREMENDOUS OFFERING OF MOBILE EQUIPMENT, COMPLETE OFFSHORE PLATFORM & JACKET MANUFACTURING FACILITIES.

PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
Proco

Expansion Joints and Check Valves

Proco Products, Inc. is a global leader in the design and supply of piping/ducting system expansion joints and rubber check valves. We offer the mo...
Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Welded

Contact Us for YOUR Next Pipeline Construction Project

We are a mainline contractor capable of installing pipeline projects ranging up to 48” anywhere within the United States. We give our clients a bal...
Stay Connected