More Oil & Gas Exploration and Development News

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.

VAALCO gets IFC loan for work off Gabon

Feb 4, 2014

VAALCO Energy Inc., Houston, has received a $65-million reserve-based loan facility from IFC, part of the World Bank Group, to support further oil and gas development on the Etame Marin Block offshore Gabon.

Improved proppant placement in glutenite reservoir aids fracturing

Feb 3, 2014

A novel stimulation method in a tight glutenite reservoir with larger thicknesses has shown promise is a field case.

Giant fields retain dominance in reserves growth

Feb 3, 2014

In spite of the increasing importance of shale gas and tight oil in the new century, future oil and gas supply continues to be dominated by conventional petroleum reserves.

Court ruling's impact on existing Alaska OCS leases uncertain

Feb 3, 2014

A federal appeals court ruled a portion of the environmental impact statements prepared prior to federal oil and gas leasing off Alaska's Arctic coast was improperly prepared, and sent the matter back to the district court that heard the lawsuit for further action.

Barclays: North America E&P spending expected to rise 7% in 2014, led by US

Feb 1, 2014

Following 2 years of tepid growth, North America is poised to see an acceleration of exploration and production spending in 2014 as US operators move into full scale development of unconventional resource plays.

Fate of hydraulic fracturing uncertain in Nova Scotia

Feb 1, 2014

The government of Nova Scotia, Canada, was preparing in December to consider legislation that would ban the importation of hydraulic fracturing wastewater into the province.

Deloitte: North Sea production, licensing up in 2013

Jan 29, 2014

An increased focus on development activity by operators in the UK resulted in a 5-year high in the number of fields that started oil and gas production, according to a report on offshore activity released by Deloitte on Jan. 29.

Lundin nears completion on Torvastad sidetrack

Jan 28, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, is in the process of completing sidetrack well 16/2-20A on the Torvastad prospect on PL501 in the North Sea sector of the Norwegian Continental Shelf.

OGJ Newsletter

Jan 27, 2014

International news for oil and gas professionals

Oryx updates oil production plans in Iraq Kurdistan

Jan 27, 2014

Oryx Petroleum Corp., Calgary, updated its continued exploration and development plans for its Demir Dagh discovery in the Kurdistan Region of Iraq. The company reported in late 2013 that it believed it was months away from a commerciality declaration and could start oil production in midyear.

Court ruling’s impact on existing Alaska OCS leases uncertain

Jan 24, 2014

A federal appeals court ruled a portion of the environmental impact statements prepared prior to federal oil and gas leasing off Alaska’s Arctic coast was improperly prepared, and sent the matter back to the district court that heard the lawsuit for further action.

Cobalt makes deepwater presalt discovery offshore Angola

Jan 23, 2014

Cobalt International Energy Inc. and partners have made an oil and condensate discovery in the syn-rift interval with the Bicuar 1A presalt deepwater exploratory well drilled offshore Angola.

Lundin Petroleum updates reserves

Jan 22, 2014

Lundin Petroleum AB, Stockholm, has reported that its net proved and probable working interest reserves are 194.1 million boe as of Dec. 31, 2013. The company forecasts production of 30,000-35,000 boe/d for 2014.

Operators await details as Mexico implements energy reforms

Jan 22, 2014

International oil and gas companies keenly await more details as Mexico’s Congress drafts and debates secondary laws to implement its recently passed energy reforms. Opinions vary on whether Mexico can meet the deadlines it scheduled for secondary laws and the creation of various regulatory groups.

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