More Oil & Gas Exploration and Development News

Industry a target as inversions revive talk of tax reform

Sep 8, 2014

New talk in the US about tax reform should make oil and gas companies nervous.

Noble posts drilling results for Katmai, Dantzler prospects

Sep 8, 2014

Noble Energy Inc., Houston, has advanced its exploration and appraisal drilling operations on the Katmai prospect on Green Canyon Block 40 and the Dantzler prospect on Mississippi Canyon Block 782 in the deepwater Gulf of Mexico.

California lawmakers pass in-state gas system methane emissions bill

Sep 8, 2014

The California Senate passed a bill aimed at curbing methane emissions from intrastate natural gas pipelines and local distribution systems. SB 1371, which was approved by 23 to 11 votes on Aug. 27, passed the state's Assembly a day earlier by 57 to 20 vote

WRI: Shale oil, gas face tight competition for water

Sep 8, 2014

Governments and businesses trying to develop tight oil and gas resources could face intense competition for water that would be used in hydraulic fracturing, the World Resources Institute said in a recent report.

Fitch: Drilling downturn might prompt some consolidation

Sep 8, 2014

A cyclical downturn in offshore drilling might provide an opportunity for driller contractors having financial flexibility to buy their peers at favorable prices, Fitch Ratings of Chicago said in a recent research note, adding that master limited partnerships (MLPs) in particular can provide financial flexibility.

BLM announces California oil, gas strategy as CCST issues report

Sep 8, 2014

The US Bureau of Land Management's California state office announced a comprehensive strategy for its oil and gas program in the state after receiving an independent review of well stimulation technologies it asked the California Council on Science and Technology (CCST) to conduct in September 2013.

Deals with CNPC seen good for Russian firms

Sep 8, 2014

Russia's recent oil and gas deals with China, some of which have been questioned on the basis of pricing, are good for Russian companies overall, argues an analyst at Moody's Investors Service.

AU Energy to acquire Tullow Netherlands unit

Sep 5, 2014

AU Energy BV, a subsidiary of Mercuria Energy Group Ltd., has agreed to acquire Dutch operated and nonoperated L12/L15 block interests and nonoperated Q4 and Q5 block interests from Tullow Exploration & Production BV, a subsidiary of Tullow Oil PLC, for $81.1 million.

Statoil signs farm-in deals with Repsol for offshore Colombia

Sep 4, 2014

Statoil AS has signed farm-in agreements with Repsol for two licenses offshore Colombia.

Ryder Scott: Trinidad and Tobago’s gas reserves fell in 2013

Sep 3, 2014

Trinidad and Tobago’s proved natural gas reserves declined from 13.106 tcf in 2012 to 12.24 tcf in 2013. This is according to the latest survey of the Caribbean twin-island nation’s nonassociated gas conducted by Houston-based Ryder Scott Petroleum Consultants.

Pemex lets contract for offshore survey

Sep 3, 2014

Mexico’s Petroleos Mexicanos (Pemex) has let a $31.5 million contract to Fugro for an offshore multisite, high-resolution geophysical and geotechnical survey set to start this month.

Tullow reports exploration, appraisal activity onshore Kenya

Sep 3, 2014

Tullow Oil PLC, London, reported recent exploration and appraisal results from Blocks 10BB and 13T onshore Kenya.

 

Shell makes Utica gas discovery in Pennsylvania

Sep 3, 2014

Royal Dutch Shell PLC has made a natural gas discovery within the Utica shale in Tioga County, Pa.

AWE makes gas discovery with Senecio well in Western Australia

Sep 2, 2014

AWE Ltd., Sydney, has made what it is calling a significant gas reservoir discovery below the original target with its Senecio exploration well drilled in the onshore Perth basin of Western Australia.

Inpex transferring 25% interest in East Malaysia deepwater block to Santos

Sep 2, 2014

Inpex Corp. is transferring 25% interest in a deepwater exploration block in East Malaysia to Santos Ltd.

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