More Oil & Gas Exploration and Development News

Beach extends reserves with Bauer step-out

Feb 17, 2014

Beach Energy Ltd. has further extended reserves in its Bauer oil field in the western flank of the Cooper-Eromanga basins, South Australia with success in a new step-out well.

Lundin spuds exploration well offshore Indonesia

Feb 17, 2014

Lundin Petroleum AB reported its Balqis-01 exploration well is now being drilled in the company's Baronang PSC prospect in the Natuna Sea.

Magnum Hunter finds Utica gas

Feb 14, 2014

Magnum Hunter Resources Corp. (MHR), Houston, has reported a dry gas discovery on its first Utica shale well. The Stalder No. 3UH had peak production of 32.5 MMcfd on an adjustable choke with 4,300 psi.

BOEM gives final notice on central, eastern gulf lease sales

Feb 13, 2014

The US Bureau of Ocean Energy Management (BOEM) has given final notice to prospective bidders on the more than 40 million acres made available for oil and gas exploration and development in the Gulf of Mexico.

Matador provides Permian, Eagle Ford operations update

Feb 13, 2014

Matador Resources Co., Dallas, has provided an update for its operations in the Permian and Eagle Ford basins.

Eni discovers wet gas, light oil offshore Congo (Brazzaville)

Feb 13, 2014

Eni SPA has announced that its Nene Marine 3 exploration well has discovered wet gas and light oil in the Marine XII block offshore Congo (Brazzaville).

Anadarko, Origin drill exploration well in New Zealand’s Canterbury basin

Feb 12, 2014

Origin Energy Resources NZ Ltd. and a unit of Anadarko Petroleum Corp. have started drilling a joint venture exploration well in the Canterbury basin east of New Zealand’s South Island. The drilling operation will take about 40 days and will reach an expected total depth of 9,100 ft subsea in 3,600 ft of water, according to Origin.

Tethys makes oil discovery in Oman

Feb 12, 2014

Tethys Oil AB has made an oil discovery onshore Oman, 13 km south of the B4EW4 discovery.

FAR signs farmout deal for permits offshore Senegal

Feb 12, 2014

Perth-based FAR Ltd. (formerly First Australian Resources) has received $5.5 million (Aus.) from UK firm Cairn Energy PLC in a farmout deal in its exploration permits offshore Senegal.

Dow Chemical urges Australia’s DOI to reform reserves policy

Feb 11, 2014

In a submission to the Australian government’s Eastern Australian Gas Market Study, Dow Chemical of Australia has reportedly urged the Department of Industry to apply a “use it or lose it” policy to the country’s onshore gas reserves.

CNPC proves major gas find at Anyue field’s Moxi block

Feb 11, 2014

China National Petroleum Corp. has confirmed that its Moxi block in the Anyue gas field contains technically recoverable reserves of up to 308.2 billion cu m.

Exploration/Development Briefs

Feb 10, 2014

Countries moving geopolitically on Arctic energy, Wilson forum told

Feb 10, 2014

Countries already are making geopolitical moves to secure Arctic oil and gas resources despite actual development being decades away in most cases, experts agreed at a Woodrow Wilson International Center for Scholars forum.

OGJ Newsletter

Feb 10, 2014

International News for oil and gas professionals

Pacific Rubiales makes oil discovery in Peru

Feb 5, 2014

Pacific Rubiales Energy Corp., Toronto, has made an oil discovery in the Los Angeles-1X exploration well on Block 131 of Peru’s onshore Ucayali basin.

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