More Oil & Gas Exploration and Development News

CERI: Lower demand, prices may trim near-term oil sands spending

Aug 24, 2015

Lower crude oil prices and reduced demand resulting from a global economic downturn could reduce Canadian oil sands capital expenditures through 2017, the Canadian Energy Research Institute said.

OGJ Newsletter

Aug 24, 2015

International news for oil and gas professionals

Politics of abundance

Aug 24, 2015

Attention returns to the antique US ban on exports of crude oil with reports that limited shipments to Mexico have been approved. The oil and gas industry should use the moment to expand the discussion to energy in general.

The Internet of Things

Aug 21, 2015

With the current low oil-price environment fast becoming the oil and gas industry's "new reality," even the most efficient of companies will have to do more than just make financial adjustments.

AWE upgrades reserves estimates for Perth basin field

Aug 21, 2015

AWE Ltd., Sydney, reported initial 2P reserves and upgraded 2C contingent resource estimates for its onshore Perth basin Waitsia gas field in the light of the Waitsia-1 and Waitsia-2 well results.

Make Shell disclose offshore drilling risks, Senate members demand

Aug 20, 2015

Eleven US Senate Democrats and Independent Bernard Sanders (Vt.) asked the US Securities and Exchange Commission to make Royal Dutch Shell PLC disclose to the public and investors inherent risks offshore oil drilling poses if there is a spill or other environmental accident.

BHP Billiton most active in ‘disappointing’ western gulf lease sale

Aug 19, 2015

Just 5 companies submitted 33 bids on 33 tracts in Gulf of Mexico western planning area Lease Sale 246, the US Bureau of Ocean Energy Management (BOEM) reported following the event in New Orleans on Aug. 19. The sum of apparent high bids was just $22,675,212.

Joint geological study on shale gas under way in BC

Aug 19, 2015

Inpex Corp. has reported the start of a joint geological study for shale gas development in northeastern British Columbia. The study is expected to last a year.

Warren Resources tests Upper Marcellus wells

Aug 18, 2015

Warren Resources Inc., New York, reported that two of its Upper Marcellus wells have been flowing back for 2 weeks, currently producing a combined 17 MMcfd with 3% of flowback load recovered.

Mongolia due full tensor gradiometer work

Aug 18, 2015

Petro Matad Ltd., Douglas, Isle-of-Man, has let a contract to Bell Geospace for an airborne full tensor gravity gradiometry survey over two onshore blocks in Mongolia.

BSEE approves full drilling of Burger J well in US Arctic

Aug 17, 2015

The US Bureau of Safety and Environmental Enforcement (BSEE) has given approval to Royal Dutch Shell PLC to drill to total depth the Burger J exploratory well in the Chukchi Sea following the arrival of a capping stack staged on the M/V Fennica vessel.

Study estimates impacts if Delaware River basin fracing bans were lifted

Aug 17, 2015

Up to 4,000 more natural gas wells on 500-1,000 well pads within the Delaware River basin could be drilled if hydraulic fracturing moratoriums there and in New York state were lifted, a CNA Corp. report estimated on Aug. 11.

EIA: US crude output declines to continue through mid-2016

Aug 17, 2015

Total US crude oil production declined 100,000 b/d in July compared with June, and is expected to continue decreasing through mid-2016 before growth resumes late in 2016, according to the US Energy Information Administration's most recent Short-Term Energy Outlook (STEO).

Addressing shale risks

Aug 17, 2015

Risks associated with shale development and production garner much negative publicity, and industry response has been uneven depending upon operator size, although continuous improvement efforts are under way, said a report from Harvard Business School and the Boston Consulting Group.

Israel's gas squabble

Aug 17, 2015

Watching a country squabble its endowment of hydrocarbons into developmental stalemate warms few hearts in the international oil and gas industry.

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