More Oil & Gas Reserves News

MEG Energy's Christina Lake reserves up 17%

Feb 2, 2012

MEG Energy, Calgary, said an independent analysis boosted its proved reserves of bitumen in the Christina Lake area of Alberta’s southern Athabasca region by 17% last year to 708 million bbl.

Exploration/Development Briefs

Jan 30, 2012

Resisting resource development stifles big source of jobs

Jan 30, 2012 What does US President Barack Obama have against employment related to resource development?

BOEM schedules central gulf lease sale for June 20

Jan 26, 2012

The US Bureau of Ocean Energy Management will hold a consolidated central Gulf of Mexico lease sale in New Orleans on June 20, the US Department of the Interior agency announced.

Essar touts its CBM reserves, resources in India

Jan 25, 2012

Essar Energy PLC said it has greatly expanded proved and probable reserves at its 500 sq km Raniganj coalbed methane exploration block in West Bengal and that the company has India’s most expansive CBM acreage with 10 tcf of gas resources across five blocks.

White House NOC issues National Ocean Policy draft

Jan 23, 2012 The White House’s National Ocean Council issued a National Ocean Policy draft on Jan. 12 that describes actions the federal government might take to address the most pressing challenges facing oceans and US coasts, as well as the Great Lakes.

Petro Harvester to buy Mississippi, Louisiana fields

Jan 17, 2012

Petro Harvester Oil & Gas LLC, Frisco, Tex., plans to acquire producing, long-life oil properties in central and southern Mississippi and southern Louisiana from Denbury Resources Inc., Plano, Tex.

Norway: Avaldsnes south area resource likely smaller

Jan 16, 2012

Results from the 16/5-2S appraisal well will most likely reduce the current resource estimate for the southern part of the Avaldsnes discovery in the North Sea off Norway, said Lundin Petroleum AB, Stockholm.

Lithuania: Tethys to buy oil producing, exploratory licenses

Jan 9, 2012

Tethys Oil AB, Stockholm, has agreed with Odin Energi AS to acquire interests in Lithuanian oil companies UAB Minijos Nafta and UAB LL Investicos.

Venezuela Perla gas sales pact signed, exports eyed

Jan 5, 2012

A Phase 1 final investment decision is the next step now that Eni, Repsol, and Petroleos de Venezuela SA have signed a gas sales agreement for commercial development of supergiant Perla gas-condensate field in the Gulf of Venezuela off Venezuela.

Tunisia: Candax adding interests in two oil fields

Jan 5, 2012

Candax Energy Inc., Calgary, will acquire interests in Ezzaouia and El Bibane oil producing fields in Tunisia from PA Resources AB, Stockholm, for $4 million, subject to partner and government approval.

Watching Government: Challenges for local governments

Dec 26, 2011

Many rural US communities facing economic pressures and high unemployment would welcome oil and gas resource development although it can challenge local governments, Daryl Dukard, commissioner of Dunn County, ND, said Dec. 7.

Lower Cleveland play grows along Oklahoma-Texas line

Dec 15, 2011

Operators have reported 28 horizontal completions in southern Ellis County, Okla., in the past 18 months in a low permeability play for oil and gas in the lower member of the Pennsylvanian Cleveland formation.

Anadarko group sanctions Lucius truss spar development

Dec 15, 2011

A group led by Anadarko Petroleum Corp. has sanctioned development of the Lucius deepwater discovery in the Gulf of Mexico using a truss spar with a capacity of 80,000 b/d of oil and 450 MMcfd of gas starting in 2014.

Market Connection

PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AMERICA’S OLDEST & MOST RESPECTED OFFSHORE/ONSHORE HEAVY FABRICATION FACILITIES: OFFSHORE MARINE EQUIPMENT, TREMENDOUS OFFERING OF MOBILE EQUIPMENT, COMPLETE OFFSHORE PLATFORM & JACKET MANUFACTURING FACILITIES.

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

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
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January 26, 2015
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