More Oil & Gas Exploration and Development News

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.

Repsol, IFPEN plan reservoir research

Jan 15, 2014

Repsol, Madrid, and IFP Energies nouvelles (IFPEN), Rueil-Malmaison, France, have signed a framework collaboration agreement for research in reservoir modeling.

SPD begins exploratory drilling in Bazhenov field

Jan 14, 2014

Salym Petroleum Development NV (SPD) has begun drilling its first horizontal appraisal well in the Bazhenov formation in Upper Salym. Four more horizontal appraisal wells are scheduled to be drilled with multifrac technology in 2014-15 as part of the pilot project.

IHS: Chinese national oil companies dominated M&A deals in 2013

Jan 13, 2014

Led by the Chinese, Asian and Caspian regional national oil companies purchased half of the 10 largest deals globally in 2013, according to IHS research on energy mergers and acquisitions.

Total enters UK shale gas arena through recent purchase

Jan 13, 2014

Total SA has entered into the UK shale gas arena through the purchased of 40% interest in two shale gas exploration licenses in the UK, paying $1.6 million in back costs and the funding of a fully carried work program of up to $46.5 million.

Australian government puts exploration blocks up for bid

Jan 13, 2014

The Australian government has proposed a total of 30 blocks for its annual offshore exploration acreage release for 2014. Of these blocks, only four have been proposed for cash-bidding.

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