More Oil & Gas Reserves News

GCA: Turkmenistan's Iolotan gas field is world's second-largest

Oct 13, 2011

Gaffney, Cline & Associates (GCA) said Turkmenistan’s South Iolotan natural gas field is the world’s second-largest, with an estimated 21.2 trillion cu m (tcm) of gas reserves.

Anadarko group sees at least 10 tcf off Mozambique

Oct 5, 2011

Anadarko Petroleum Corp. said its latest exploratory well off Mozambique found 140 net ft of gas pay in Miocene and Oligocene sand packages shallower than those in earlier wells and boosted its view of the resource potential of Offshore Area 1 to at least 10 tcf of gas.

GDF Suez lets Cygnus field FEED contract

Oct 3, 2011

GDF Suez E&P UK has taken a step toward development of its large Cygnus natural gas discovery in the southern gas basin of the UK North Sea.

Watching Government: Mulling a Marcellus impact fee

Oct 3, 2011

Democrats and a few Republicans in Pennsylvania's general assembly have called for a severance tax on natural gas produced from the Marcellus shale formation.

OGJ100 companies report higher 2010 earnings, output

Oct 3, 2011

In 2010 the collective financial results of the world's oil and natural gas producers improved from 2009, according to Oil & Gas Journal's survey of the 100 leading producers based outside the US.

Clontarf sees growth potential at Bolivian fields

Sep 30, 2011

Clontarf Energy PLC sees potential for increased activity in Bolivia, where the company or its affiliates own interests in Monteagudo oil and gas field and El Dorado gas-condensate field in the Chaco basin.

Apache to buy UK North Sea assets from ExxonMobil for $1.75 billion

Sep 21, 2011

Apache North Sea Ltd., a subsidiary of Houston independent Apache Corp., has agreed to acquire ExxonMobil Corp.’s Mobil North Sea LLC assets, which includes Beryl field and related properties, for $1.75 billion.

Montana: Vaalco, Magellan eye deeper zones at Poplar

Sep 9, 2011

Vaalco Energy (USA) Inc., Houston, will drill three wells to the Bakken and deeper formations in the East Poplar and Northwest Poplar units in Roosevelt County, Mont., under an agreement with a subsidiary of Magellan Petroleum Corp., Portland, Me.

Vallares to acquire Genel Energy in $2.1 billion deal

Sep 8, 2011

Newly founded Vallares, an investment vehicle headed by former BP Chief Executive Tony Hayward, announced a $2.1 billion deal to purchase Genel Energy International, the biggest oil producer in Iraq's autonomous Kurdistan region.

Lebanon says Israeli maritime border threatens peace

Sep 8, 2011

Lebanon warned the United Nations that Israel's proposed maritime border threatens peace and security, as the two East Mediterranean nations spar over offshore oil and gas reserves.

Extension vaults Mad Dog to rival Thunder Horse

Sep 8, 2011

A successful appraisal well in a previously untested northern segment of Mad Dog field in the US Gulf of Mexico has hiked the complex’s resource to as much as 4 billion bbl of oil equivalent in place, rivaling that of Thunder Horse, said BP PLC.

Ryder Scott: Trinidad and Tobago's proved gas reserves decline

Aug 25, 2011

Trinidad and Tobago’s proved natural gas reserves have fallen for yet another year, according to Houston-based consultant Ryder Scott.

Encana to divest Barnett shale properties

Aug 25, 2011

Encana Corp.’s US subsidiary will divest its Fort Worth basin Barnett shale producing and midstream assets by early 2012.

USGS sees 84 tcf, 3.4 billion bbl in Marcellus

Aug 23, 2011

The Middle Devonian Marcellus shale in the US Appalachian basin contains 84 tcf of gas and 3.4 billion bbl of natural gas liquids, the US Geological Survey said Aug. 23.

Mozambique appraisal well adds to LNG stature

Aug 22, 2011

Results of an appraisal well near the Barquentine discovery off Mozambique has added confidence to Anadarko Petroleum Corp.’s plans for a liquefied natural gas plant fed by gas from Offshore Area 1 discoveries. The company has let contracts for pre-FEED studies.

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