More Oil & Gas Exploration and Development News

OTC: Federal, state cooperation vital for offshore energy development

May 11, 2015

US coastal states and the federal government will need to continue having an open and honest dialogue about the safe and reliable exploration and development of offshore oil and gas resources, panelists agreed May 5 in an opening session at the Offshore Technology Conference in Houston.

Offshore as archetype

May 11, 2015

"The first annual Offshore Technology Conference held in Houston drew a surprising 4,500-plus industry members who heard both optimistic and pessimistic appraisals of the offshore outlook at the opening general session."

OGJ Newsletter

May 11, 2015

International news for oil and gas professionals

Karoon reports test results for Echidna wildcat off Brazil

May 7, 2015

Karoon Gas Australia Ltd.’s test of the Echidna-1 wildcat in the Santos basin offshore Brazil resulted in a stabilized flow rate of 4,650 bo/d from Paleocene reservoirs with a flowing head pressure of 504 psi on a 1-in. choke.

OTC: Many variables dictate N. America’s emergence as a global energy force

May 6, 2015

North American businesses and governments must work together toward the collective goal of advancing the continent’s energy aspirations. That was the message delivered by producers and government officials during a May 5 panel discussion at the Offshore Technology Conference in Houston.

OTC: Shell determined to proceed with drilling in US Arctic

May 6, 2015

Despite numerous regulatory hurdles and impassioned resistance from environmentalists, Royal Dutch Shell PLC maintains that it is on track to drill two wells in the Chukchi Sea during drilling season this summer.

OTC: IHS’s Fryklund: Deepwater will be vital to maintaining global supply

May 5, 2015

A major challenge ahead for the offshore oil and gas industry will be figuring out how to fill the 50 million-b/d gap in liquids production that will be needed to match rising demand by 2040, IHS Energy Chief Upstream Strategist Bob Fryklund told attendees May 4 at the Offshore Technology Conference in Houston.

OTC: Nova Scotia draws deepwater interest with latest bid round

May 5, 2015

The Canadian province of Nova Scotia reported the addition of seven new offshore blocks in its deepwater region May 5 at the Offshore Technology Conference in Houston.

OTC: Brazil’s 13th bid round will be concession model, energy minister says

May 5, 2015

Brazil will use a concession model rather than a production-sharing model in the country’s 13th bid round later this year. The 269 blocks to be auctioned in the fourth quarter are outside of the presalt area and can be explored by any operator without a Brazilian partner, said Eduardo Braga, Brazil’s minister of mining and energy.

OTC: Indonesia seeks paradigm shift in developing western deepwater assets

May 5, 2015

Indonesia is working to change the way it develops its oil and gas resources, according to Ir. I Gusti Nyoman Wiratmaja, Indonesia’s acting director general of oil and gas. “Our vision is to enact a paradigm shift in the way we develop our energy resources,” Wiratmaja said May 4 at an “Active Arena” panel discussion at the Offshore Technology Conference in Houston.

OTC: Federal, state cooperation vital for offshore energy development

May 4, 2015

US coastal states and the federal government will have to continue having an open and honest dialogue about the safe and reliable exploration and development of offshore oil and gas resources, panelists agreed May 5 in an opening session at the Offshore Technology Conference in Houston.

GUIDE TO WORLD CRUDES: BG Group assays Brazilian Iracema crude

May 4, 2015

BG Group published a crude oil assay in February for its jointly owned Iracema discovery, which began producing third-quarter 2014 on Block BM-S-11 in the Santos basin off Brazil (OGJ Online, Oct. 14, 2014).

Nelson’s bill would bar seismic activity off entire Florida coast

May 4, 2015

Saying that it puts him at odds with the Obama administration, US Sen. Bill Nelson (D-Fla.) introduced legislation that on Apr. 30 would prohibit oil and gas seismic activity off Florida’s entire coast.

Santos, Drillsearch find wet gas in Cooper basin

May 4, 2015

The Santos Ltd.-led joint venture with Drillsearch Energy Ltd. has had made it six out of seven with a new discovery of wet gas in the western flank of the Cooper basin in South Australia.

Chesapeake names vice-president, exploration

May 4, 2015

Chesapeake Energy Corp. hired Frank Patterson as executive vice-president of exploration, land, and subsurface technology to succeed John Kapchinske, who recently retired.

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