More Oil & Gas Exploration and Development News

For the US economy, a falling oil price has drawbacks, too

Jan 5, 2015

Cheer in the US about an economic lift from falling oil prices needs qualification.

Russia sanctions realign Arctic exploration, geopolitics

Jan 5, 2015

The latest Western sanctions on Russia's Arctic gas industry, including OAO Gazprom and OAO Novatek, have had a geopolitical impact on the Kremlin. This may lead to closer relations between China and Russia in the region.

OGJ Newsletter

Jan 5, 2015

International news for oil and gas professionals

Trinidad and Tobago to develop ‘master plan’ for gas development

Dec 29, 2014

Trinidad and Tobago’s government has hired UK-based consulting firm Poten & Partners to develop a natural gas master plan for the Caribbean twin-island nation.

BLM prepares preliminary EA for protective lease sale in Idaho

Dec 29, 2014

The US Bureau of Land Management has prepared a preliminary environmental assessment analyzing potential impacts of offering five parcels totaling more than 6,350 acres in Payette County, Ida., east of Boise.

Chevron, ONGC Videsh among firms awarded permits by New Zealand

Dec 22, 2014

New Zealand's government has awarded six onshore permits across the Taranaki, West Coast, and East Coast basins, and nine offshore permits across the Taranaki, East Coast, Reinga-Northland, and Pegasus basins, all part of the country's Block Offer 2014.

Cenovus trims budget, slows oil sands work

Dec 22, 2014

Cenovus Energy Inc., Calgary, is trimming its capital spending in response to falling crude prices and will slow development of some of its thermal oil sands projects in Alberta.

Woodside to buy Apache's interests in Wheatstone, Kitimat LNG for $2.75 billion

Dec 22, 2014

Woodside Petroleum Ltd. has agreed to acquire interest in the Wheatstone LNG and Kitimat LNG projects, respectively in Western Australia and British Columbia, along with accompanying upstream oil and gas reserves, belonging to Houston independent Apache Corp. for $2.75 billion.

BLM starts process to consider new Nevada lease nominations

Dec 19, 2014

The US Bureau of Land Management’s Battle Mountain, Nev., field office is seeking public comment on 197 parcels of public land, totaling 415,921 acres, which have been nominated for potential oil and gas leasing. It will accept comments on scoping documents through Dec. 24.

Mexico uses PSCs in first Round One step

Dec 19, 2014

Mexico is offering production-sharing contracts to companies incorporated in the country for exploration of 14 shallow-water areas in Round One bidding for oil and gas opportunities.

BASF, Gazprom cancel asset swap

Dec 19, 2014

BASF and OAO Gazprom have agreed not to complete an asset swap that was scheduled for yearend.

AWE pulls out of Otway permit

Dec 19, 2014

AWE Ltd., Sydbey, has decided to pull out of Perth-based junior WHL Energy Ltd.’s offshore Otway Basin permit Vic-P67 after a series of time extensions for deciding about moving to the exploration drilling phase in the permit.

Apache awarded Western Australia offshore permit

Dec 18, 2014

A day after reporting its planned divestment of Western Australian and Canadian assets to Woodside Petroleum Ltd., Apache Corp. has been awarded a new exploration permit in the latest round of the Australian Government’s offshore licensing.

Thirty-one House Democrats ask Jewell to bar leasing in Arctic Ocean

Dec 18, 2014

US Rep. Jared Huffman (D-Calif.) and 30 other House Democrats urged US Interior Sec. Sally Jewell to reject the second supplemental environmental impact statement for OCS Lease Sale 193 and bar oil and gas leasing in the Arctic Ocean.

Obama makes Alaska’s Bristol Bay off-limits for oil, gas activity

Dec 17, 2014

US President Barack Obama placed Bristol Bay off-limits for future oil and gas leasing, extending a temporary withdrawal he imposed in 2010 that was due to expire in 2017. The Dec. 16 announcement effectively excludes the entire North Aleutian Basin from consideration in the new 5-year Outer Continental Shelf program the US Bureau of Ocean Energy Management has begun to prepare.

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