More Oil & Gas Exploration and Development News

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.

Shell, Mubadala swap Malaysian interests

Jan 22, 2014

Mubadala Petroleum, Abu Dhabi, has agreed with Shell to swap equity interests in two exploration blocks offshore Malaysia.

Old onshore concession ends in Abu Dhabi

Jan 22, 2014

Abu Dhabi National Oil Co. (ADNOC) has become the sole shareholder of Abu Dhabi Co. for Onshore Oil Operations (ADCO) after the expiration this month of a 75-year-old concession involving participation by international oil companies.

Cairn Energy outlines exploration plans for 2014

Jan 21, 2014

With a formal announcement of its 2013 drilling results scheduled for March, Cairn Energy PLC says it plans to drill nine wells this year. According to the company, its 2014 exploration program will be conducted across a mix of frontier and mature basins.

Norway makes offers for 65 production licenses in APA 2013

Jan 21, 2014

Offers will be sent to 48 companies for 65 new oil and gas production licenses on the Norwegian continental shelf, according to the Norwegian Petroleum Directorate. The offers are being issued after the authorities have evaluated applications from 50 companies in the Awards in Pre-defined Areas 2013 (APA 2013).

Rosneft replaces 179% of hydrocarbon reserves in 2013

Jan 21, 2014

OAO Rosneft said it replaced 179% of its hydrocarbon reserves in 2013.

India to assess 26 sedimentary basins in 30 months

Jan 21, 2014

India plans to assess all 26 sedimentary basins covering 3.14 million sq km in the next 30 months, according to the government’s press information bureau.

Energy a key element in US Chamber's plans for 2014, Donohue says

Jan 20, 2014

Advancing and protecting the US energy revolution will be a key part of the US Chamber of Commerce's 2014 strategy, Pres. Thomas J. Donohue said Jan. 8 in his annual State of American Business address.

OGUK: Change needed to address UK exploration crisis

Jan 20, 2014

Malcolm Webb, chief executive officer of trade group Oil & Gas UK, said the UK has an exploration crisis and that change is urgently needed to address it.

Innex California, Rango Energy form US joint venture

Jan 20, 2014

Innex California Inc., Dallas, has signed a definitive joint venture, operating, and acquisition agreement with Rango Energy Inc. that covers certain Innex assets in California and a project in western Oklahoma.

Premier Oil outlines Indonesian drilling plans for 2014

Jan 17, 2014

Premier Oil PLC reported plans to drill 13 wells in 2014—6 exploration, 2 appraisal, and 5 near-field—that will target more than 160 million boe of net unrisked prospective oil and gas resources.

Texas-South: Brenham Oil & Gas to buy Inez field prospect

Jan 16, 2014

Brenham Oil & Gas Inc. has purchased 100% working interest and 74% net revenue interest in the 332-acre Inez field prospect in Victoria County, Tex.

Tullow, Africa Oil find more oil in Kenya’s Lokichar basin

Jan 16, 2014

Two exploration wells drilled on Block 10BB in northern Kenya—Amosing-1 and Ewoi-1—have resulted in the discovery of two new oil fields, according to Africa Oil Corp. and operator Tullow Oil PLC. These latest exploratory wells continue the partners’ success in the South Lokichar basin.

Wintershall nears completion on Skarfjell appraisal well

Jan 15, 2014

Wintershall Norge AS and its partners are nearing completion on the 35/9-10 appraisal well to assess the 35/9-7 Skarfjell (PL418) oil discovery. The appraisal well is in the North Sea 40 km north of the Troll field and 2 km southeast of the discovery well.

Partners gets West Seahorse field reserves confirmed

Jan 15, 2014

Oil reserves in the West Seahorse field in Bass Strait offshore Victoria have been confirmed by an independent appraisal. The assessment has provided greater certainty for the development project financing and the letting of major contracts.

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