More Oil & Gas Exploration and Development News

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

Sep 19, 2014

ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted operations on its first arctic exploration well—University-1—in Russia’s Kara Sea.

AWE makes gas discovery under existing Senecio field

Sep 18, 2014

AWE Ltd., Sydney, has increased the worth of its Senecio gas field in permits L1/L2 in the onshore Perth basin of Western Australia with a discovery underlying the Senecio reservoir.

EGPC awards two Gulf of Suez concessions to RWE Dea

Sep 18, 2014

Egyptian General Petroleum Corp. (EGPC) has awarded two concessions in the Gulf of Suez to RWE Dea AG, which said the awards stem from International Bid Round 2013.

Eni reports second major oil find in as many days

Sep 18, 2014

Eni SPA has made an oil discovery with the Oglan-2 exploration well on Ecuador’s Block 10, 260 km southeast of Quito.

 

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

Sep 17, 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. Production improved rapidly after 1920 and entered steep decline after 1970.

Eni makes major oil discovery offshore Angola

Sep 17, 2014

Eni SPA has made an oil discovery on Block 15/06 in the Ochigufu exploration prospect offshore Angola. It is the 10th commercial oil discovery for the block, and is estimated to hold 300 million bbl of oil in place.

Kentucky: Daybreak furthers Twin Bottoms drilling campaign

Sep 15, 2014

Daybreak Oil & Gas Inc., Spokane, Wash., has drilled its 10th and 11th horizontal oil wells at the Twin Bottoms Field in Lawrence County, Ky.

AAPG ICE: Turkey sees early shale oil development

Sep 15, 2014

Turkey is slightly larger than the state of Texas geographically, yet the country has only seen 4,400 wells drilled since 1940. While Texas’ oil history goes back much further, the state has seen more than 1.5 million wells drilled through 2013. “Turkey is largely unexplored,” said Lee Muncy, vice-president, geosciences at TransAtlantic Petroleum Ltd., during the AAPG International Conference and Exhibition

AAPG ICE: ExxonMobil outlines international approach to unconventional development

Sep 15, 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.

OGJ Newsletter

Sep 15, 2014

International news for oil and gas professionals

Federal judge finds BP E&P negligent in Macondo crude oil spill

Sep 12, 2014

A nearly 5 million bbl crude oil spill following the 2010 Macondo deepwater well blowout in the Gulf of Mexico was the result of operator BP Exploration & Production Inc.'s gross negligence and willful misconduct, a federal district court judge ruled in New Orleans.

Senex, Beach JV makes oil discovery in Eromanga basin

Sep 12, 2014

A joint venture between Senex Energy Ltd. and Beach Energy Ltd. has made an oil discovery in its Martlet-1 wildcat in the Eromanga basin of South Australia.

Bohai Bay exploration well fails to yield hydrocarbons

Sep 10, 2014

Roc Oil (Bohai) Co., a wholly owned subsidiary of Roc Oil Co. Ltd., has drilled the QK11-1-1 exploration well on Block 09/05 in Bohai Bay off China, 15 km north of ROC’s existing Zhao Dong block.

Kuwait Energy makes oil discovery on Iraq’s Block 9

Sep 10, 2014

A consortium comprised of Kuwait Energy and Dragon Oil PLC has made an oil discovery on Block 9 in Northern Basra, Iraq.

DNO secures extension on Somaliland PSA

Sep 8, 2014

Norway’s DNO ASA has been granted a 2-year extension on the term of its production-sharing agreement for the 12,000-sq-km onshore Block SL18, 120 km east of Hargeysa, in Somaliland. The company says the first exploration period will now end Nov. 8, 2017.

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