More Oil & Gas Reserves News

Gran Tierra hikes Putumayo field's oil reserves

Aug 8, 2012

Midyear 2012 reserves for Costayaco field in the Putumayo basin of Colombia are up sharply since the end of 2011, said Gran Tierra Energy Inc., Calgary.

FOCUS: UNCONVENTIONAL OIL & GAS—USGS assesses East Coast Mesozoic basins

Aug 6, 2012

Five basins on the US East Coast contain an estimated mean undiscovered natural gas resource of nearly 3.9 tcf and a mean undiscovered natural gas liquids resource of 135 million bbl in continuous accumulations, the US Geological Survey said in a recent assessment.

US SHALE OIL-GAS PRODUCTION POTENTIAL—1: Shale oil, gas output may reduce, not replace, US crude imports

Aug 6, 2012

What is the potential of domestic unconventional shale oil and gas production to displace oil imports to the US?

Cretaceous gas discovered off second Tanzanian delta

Aug 2, 2012

Ophir Energy PLC and BG PLC said the Papa-1 deepwater wildcat on Block 3 offshore Tanzania has made the first Cretaceous gas discovery outboard of the Rufiji Delta.

CNOOC Ltd. to acquire Nexen Inc. for $15.1 billion

Jul 23, 2012

CNOOC Ltd. will acquire Nexen Inc., Calgary, for $15.1 billion as China expands its holdings in worldwide exploration and production operations.

Obama reiterates support for safe, sensible natural gas development

Jul 23, 2012

US President Barack Obama reiterated his support for developing natural gas resources with new technologies as long as it can be done safely and in an environmentally sound manner.

Tethys tags Tajikistan resource at 27.5 billion bbl

Jul 19, 2012

Tethys Petroleum Ltd., Guernsey, UK, said an updated independent evaluation indicates that the company’s Tajikistan land holdings contain an estimated gross unrisked mean recoverable prospective resource of 27.5 billion bbl of oil equivalent, more than the UK North Sea.

Orca slows Tanzanian drilling, hails gas pipeline plans

Jul 16, 2012

Orca Exploration Group Inc., Dar es Salaam, has completed the SS-11 development well in Songo Songo field offshore Tanzania and expects it to be on production by September 2012.

Crimson updates Woodbine, Eagle Ford programs

Jul 12, 2012

Crimson Exploration Inc., Houston, has summarized continued success in its East Texas Woodbine and Karnes County Eagle Ford programs and provided an operational update on its Liberty and Zavala County activity.

Total declares Azerbaijan Caspian gas find commercial

Jul 2, 2012

Total E&P Absheron has filed a notice of discovery and commerciality for the Absheron offshore block east of Shah Deniz field in the Caspian Sea offshore Azerbaijan.

Hess eyes North Malay integrated gas development

Jun 21, 2012

Hess Corp. forged agreements with Malaysia’s Petronas to enlarge the PM302 contract area offshore Peninsular Malaysia and create the North Malay basin integrated gas development project.

Anadarko Mozambique gas find marks new complex

Jun 11, 2012

A partnership led by Anadarko Petroleum Corp. said it made a discovery offshore Mozambique that establishes a second major natural gas complex in Offshore Area 1 in the Rovuma basin.

Gran Tierra to delineate Maranon Block 95 in Peru

Jun 11, 2012

Consulting engineers have issued a best estimate contingent resource of 31.6 million stb for Block 95 in the Maranon basin of Peru, said Gran Tierra Energy Inc., Calgary.

A negative policy verdict

Jun 4, 2012

There is perhaps no area of human endeavor more influenced by government policy than the production and use of energy fuel. And the verdict on that influence is negative.

China updates data on four key basins in 2010 national resource assessment

Jun 4, 2012

Among the greatest uncertainties in future energy supply and a subject of considerable environmental concern is the amount of oil and natural gas yet to be found in China.

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