More Oil & Gas Reserves News

Gas injection doubles Oseberg main's oil reserves

Aug 28, 2012

The Norwegian Petroleum Directorate has recognized Statoil ASA for improving oil recovery via gas injection at Oseberg field in the North Sea off Norway.

Rex presses Illinois basin EOR pilots, Delta expansion

Aug 24, 2012

Rex Energy Corp., State College, Pa., said its enhanced oil recovery operations in giant Lawrence field in southern Illinois have the potential to double the field’s output by the end of 2015.

QEP to buy Helis-Black Hills Williston basin properties

Aug 24, 2012

QEP Resources Inc., Denver, said its QEP Energy unit signed definitive agreements to acquire from multiple sellers Williston basin development properties for $1.38 billion.

Ophir building gas volumes offshore Equatorial Guinea

Aug 22, 2012

Ophir Energy PLC said its Fortuna East-1 stepout on Block R offshore Equatorial Guinea has encountered gas in the eastern lobe of the Fortuna complex and has discovered gas in the deeper Viscata exploration target.

Petroceltic-Melrose combination planned

Aug 17, 2012

Petroceltic International PLC and Melrose Resources PLC will merge to create an independent oil and gas company focused on North Africa, the Mediterranean, and the Black Sea.

Algeria's Ain Tsila gas-condensate field commercial

Aug 14, 2012

Parties to the Isarene production-sharing contract have agreed a formal declaration of commerciality for Ain Tsila gas-condensate in the Illizi basin in eastern Algeria.


Citation to buy Noble Energy Kansas oil properties

Aug 13, 2012

Citation Oil & Gas Corp., private Houston operator, will buy oil and gas properties in Kansas from Noble Energy Inc. for $140 million.

EIA releases 2010 US oil, natural gas reserve estimates

Aug 13, 2012

Horizontal drilling and hydraulic fracturing in tight shale plays helped US oil and gas reserves grow at a record pace during 2010, the US Energy Information Administration said Aug. 1.

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.

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?

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.

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.

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