More Oil & Gas Exploration and Development News

BOEM releases draft SEIS for 2008 Chukchi Sea lease sale

Nov 10, 2014

The US Bureau of Ocean Energy Management released a supplemental environmental impact statement (SEIS) for Outer Continental Shelf Leas Sale No. 193, which originally was held in 2008.

Business mood dark as questions hover over UK offshore

Nov 10, 2014

Falling oil prices, rising costs, and looming political questions darken the business mood about the UK offshore.

WoodMac: High WCS-WTI price spread seen lingering

Nov 10, 2014

Growing production of Canadian heavy crude oil and problems delivering the new supply to distant markets will keep the discount of Western Canadian Select crude high against the West Texas Intermediate price, according to Wood Mackenzie.

Statoil updates lackluster Barents Sea exploration program

Nov 7, 2014

Statoil ASA has wrapped up its 2013-14 exploration program in the Barents Sea—one that included a notable disturbance from environmental activists—with fewer commercial discoveries than the company had originally anticipated.

IPAA: Federal agency’s ESA prelisting proposal lacks assurances

Nov 7, 2014

A US Forest Service proposal on voluntary actions to manage species before they are listed under the federal Endangered Species Act falls significantly short, the Independent Petroleum Association of America said.

UK announces 134 awards in 28th offshore licensing round

Nov 6, 2014

The UK’s 28th offshore licensing round has resulted in the issuance of 134 licenses covering 252 blocks. The announcement was made by the UK Department of Energy and Climate Change.

Gas price uncertainty could defer projects, Niko says

Nov 4, 2014

Niko Resources Ltd., Calgary, says uncertainty regarding natural gas price premiums in India could cause deferral of development of certain discoveries.

ConocoPhillips to plug, abandon dry hole offshore Angola

Nov 4, 2014

ConocoPhillips has drilled the Kamoxi-1 exploration well to a total depth of 22,660 ft in Block 36 in the Kwanza basin offshore Angola. The well will be plugged and abandoned as a dry hole.

Touchstone signs onshore license deal with Trinidad and Tobago

Nov 4, 2014

Touchstone Exploration Inc., Calgary, signed an onshore exploration and production license with Trinidad and Tobago’s Ministry of Energy and Energy Affairs.

Total encounters oil via Garantiana appraisal well in North Sea

Nov 3, 2014

Total E&P Norge AS encountered a 120-m total gross oil column with appraisal well 34/6-3 S in the Cook formation on production license 554, 30 km northeast of Visund field in the Norwegian North Sea. The company describes the reservoir quality as “very good.”

'Down-and-dusty' in Wyoming

Nov 3, 2014

Political campaign strategists emphasize the importance of an effective "on-the-ground" operation in bringing supporters to the ballot box. One took place in Wyoming recently that had nothing directly to do with any upcoming elections.

BOEM releases draft SEIS for 2008 Chukchi Sea lease sale

Nov 3, 2014

The US Bureau of Ocean Energy Management released a supplemental environmental impact statement (SEIS) for Outer Continental Shelf Leas Sale No. 193, which originally was held in 2008.

Interpretation-ready datasets unlock exploration, development potential

Nov 3, 2014

Correctness, accuracy, and precision of raw data are critical for accurate petrophysical analysis; otherwise the interpretation of the rocks and fluids that comprise layers in the subsurface could lead to unprofitable development decisions.

Shell seeks 5-year extension on leases in Beaufort, Chukchi seas

Nov 3, 2014

Shell Offshore Co. has requested a 5-year extension of its federal offshore leases in the Beaufort and Chukchi seas offshore Alaska.

Permian basin production proves ROZ viability

Nov 3, 2014

Permian basin operators are re-evaluating residual oil zones (ROZs) as viable targets for tertiary oil recovery, generally through CO2 injection. Several pilots and full-field applications are under way to evaluate these long-overlooked resources.

Market Connection

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...
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