More Oil & Gas Exploration and Development News

NOIA, API studies list benefits of more federal OCS leasing

Nov 19, 2014

Offshore oil and gas leasing in the eastern Gulf of Mexico and on the US Atlantic and Pacific coasts could create more than 838,000 American jobs and raise more than $200 billion in revenue for the government, according to recent studies released jointly by the National Ocean Industries Association and the American Petroleum Institute.

Cairn-led JV makes another oil discovery offshore Senegal

Nov 19, 2014

A well drilled offshore Senegal by a group led by Cairn Energy PLC will be plugged and abandoned following completion of logging operations, and will be appraised next year.

CNOOC makes oil find with Lufeng well in South China Sea

Nov 19, 2014

China National Offshore Oil Corp. Ltd. reported what it is calling a midsized oil discovery in the eastern part of the South China Sea.

Eni signs PSA addendum to extend E&P work in Turkmenistan

Nov 18, 2014

Eni SPA has signed an addendum to the production-sharing agreement (PSA) it has with Turkmenistan with respect to the onshore Nebit Dag block in western Turkmenistan.

Eni, Sonangol to study nonassociated gas

Nov 18, 2014

Eni SPA and state-owned Sonangol have entered a strategic agreement to assess potential of nonassociated gas in the Lower Congo basin offshore Angola.

Kitabu-1 well offshore Malaysia is dry

Nov 18, 2014

A well designed to test Miocene turbidite sands similar to pay in South Furious 30 oil field 4 km to the south offshore Sabah, Malaysia, is dry.

Saudis have reasons better than shale to let prices fall

Nov 17, 2014

Only by overlooking important forces in markets and politics can anyone assert that Saudi Arabia is letting crude prices fall mainly to extinguish competition from North American shale oil.

New API standards cover offshore drilling, production structures

Nov 17, 2014

The American Petroleum Institute published five new recommended practices (RPs) for the design, construction, and maintenance of structures used in offshore oil and gas drilling and production.

Gas price uncertainty could defer projects, Niko says

Nov 17, 2014

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

Oil sands 2014-38 outlay to top $514 billion

Nov 17, 2014

Total investment in Canadian oil sands projects during 2014-38 will exceed $514 billion (2013 Can.), according to the Canadian Energy Research Institute (CERI).

Investors await Mexico's Round One bid terms

Nov 17, 2014

Investors and oil companies expect Mexico to release bid terms soon for its upstream bid round, Mayer Brown energy partner Dallas Parker and associate Gabriel Salinas said in a recent interview with Oil & Gas Journal.

What's sustainable?

Nov 17, 2014

Sustainability is eternally important and perpetually enigmatic. It's like justice: widely seen as embodying transcendent value yet defined in disparate ways.

More climate leaders

Nov 17, 2014

Presidents Barack Obama of the US and Xi Jinping of China asserted international leadership in the politics of climate change by announcing on Nov. 12 new targets for cuts in their countries' emissions of greenhouse gases.

Obama determined to let Keystone XL review process 'play out'

Nov 17, 2014

US President Barack Obama reiterated his stance on Nov. 5 that the proposed Keystone XL crude oil pipeline's ongoing cross-border permit review process should be allowed to proceed amid suggestions that Republicans winning majority control of the Senate in elections a day earlier opens the way for congressional legislation on the matter to reach his desk.

PwC: US oil, gas transaction value hits 10-year high in 3Q

Nov 17, 2014

Driven by a rise in billion-dollar deals, midstream activity, and interest in upstream shale plays from foreign buyers, mergers and acquisitions in the US oil and gas industry reached the highest levels in the past decade during the third quarter, according to a quarterly report from PwC US Energy Practice.

Market Connection

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PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

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