Results36 articles shown
Buru Energy Updates on Drilling at Victory 1 Well in WA's Permit EP 457
Friday, October 09, 2015 Buru Energy provides drilling update at Victory 1 well in Permit EP 457 in Western Australia.
Europa Eyes Porcupine Farm-out in Early 2016
Friday, October 09, 2015 Europa Oil & Gas plc CEO Hugh Mackay confirms that the company will begin the farm-out process of its assets in the Porcupine Basin, offshore Ireland, as early as January 2016.
President Energy: Boqueron Prospect is 'Compelling Drilling Opportunity'
Friday, October 09, 2015 The largest prospect in Paraguay's Hernandarias Block, Boqueron, could contain gross unrisked recoverable oil and gas resources of 302 million barrels of oil equivalent and 559 billion cubic feet of gas, respectively.
Petrobras and Majors Sit Out Worst Brazil Oil Round in Decade
Thursday, October 08, 2015 Petrobras sits out an oil licensing round in Brazil for the first time ever as the beleaguered state-run oil giant struggles to reduce the industry's biggest debt load.
Frontera Increases Georgia Gas Resource Estimate More Than Tenfold
Thursday, October 08, 2015 Frontera Resources increases the gas resource estimate of its operations in eastern Georgia more than tenfold, compared to previous estimates.
BSO Gets Approval to Suspend Work Pogram for Vic/P68 Permit off Australia
Thursday, October 08, 2015 Bass Strait Oil Company receives approval from the National Offshore Petroleum Titles Authority to suspend the work program for Vic/P68 permit in the Gippsland Basin, offshore Australia for a year.
NuEnergy Updates on Drilling at Tanjung Enim, Rengat PSCs in Sumatra
Thursday, October 08, 2015 Australia's NuEnergy Gas provides an update on drilling progress at the Tanjung Enim and the Rengat Production Sharing Contracts in Sumatra, Indonesia.
Brazil's First Oil Auction in 2 Years Seen as Referendum on Nation
Wednesday, October 07, 2015 As Brazil prepares for its first sale of oil exploration rights in 2 years, the auction is shaping up to be a mini-referendum on the willingness of investors to bet on the future of an industry.
Pemex Extends Geophysical, Geotechnical Contract for the Fugro-Diavaz JV
Wednesday, October 07, 2015 Pemex extends contract for an ongoing offshore geophysical and geotechnical campaign off Mexico undertaken by the Fugro-Diavaz joint venture.
Urals Energy Expands Arcticneft License Area Boundaries
Wednesday, October 07, 2015 Urals Energy expands the boundaries of its Arcticneft license area, following a royalty payment of RR27.5 million ($443,630) to the Russian regulatory authorities.
Big-Oil Spending Cuts Lower Costs at Top India Explorer ONGC
Wednesday, October 07, 2015 The worst commodity slump in a generation has a silver lining for India's state-run energy explorer.
USGS Estimates 21 Million Barrels at California's Monterey Formation
Tuesday, October 06, 2015 The volume estimated in the new study is small, compared to previous USGS estimates of conventionally trapped recoverable oil in the Monterey Formation in the San Joaquin Basin.
Egypt Awards 4 Offshore Oil, Gas Exploration Licences
Tuesday, October 06, 2015 Egypt awards four new licenses to explore for oil and gas off its Mediterranean coast.
Beach Energy Spuds the Maroochydore-1 Exploration Well in Queensland
Tuesday, October 06, 2015 Beach Energy spuds the Maroochydore-1 prospect in ATP 924 in Queensland, Australia, marking the commencement of its financial year 2016 drilling program.
Oil Patch Braces for Exploration Chill After Canada's Election
Monday, October 05, 2015 As Canada's oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells.
Lundin Spuds Barents Sea Well
Monday, October 05, 2015 Lundin Norway AS spuds exploration well 7220/6-2, located in PL609 on the Neiden prospect in the Barents Sea.
Maersk Oil Makes Minor Gas Discovery Offshore Norway
Friday, October 02, 2015 Maersk Oil Norway AS makes a minor gas/condensate discovery near the Tyrihans field in the Norwegian Sea.
Lundin Spuds Malaysia Well
Friday, October 02, 2015 Lundin Petroleum's wholly owned subsidiary Lundin Malaysia BV spuds the Mengkuang-1 exploration well in license PM307, offshore Malaysia.
Oil Up, Erasing Early Loss; US Rig Count Down 5th Week
Friday, October 02, 2015 Crude prices erase early losses to rise by 1% or more after a report showing the fifth weekly decline in the US oil rig count renewed the debate over falling production in the world's top oil consumer.
Petsec Energy Completes Acquisition of 29.75% Stake in Yemen's Block 7
Thursday, October 01, 2015 Australia's Petsec Energy completes acquisition of a 29.75 percent stake in Yemen's onshore Block 7 in the Al Barqa permit from Mitsui and AWE.
Buru Expresses Disappointment with Results of WA's Praslin 1 Drilling
Thursday, October 01, 2015 Buru Energy expresses disappointment with the drilling results at Praslin 1 well in Western Australia, while providing an update on the Victory 1 prospect in permit EP457.
Statoil Drills Dry Well in North Sea
Thursday, October 01, 2015 Wildcat well 25/11-28, located in the Statoil Petroleum AS operated production license 169, has come up dry.
San Leon Hits Gas in Morocco amid Buyout Speculation
Wednesday, September 30, 2015 San Leon Energy hits gas in Morocco after receiving a bid approach that could lead to an offer being made for the company.
JV Partners Withdraw from Vietnam's Offshore Block 121
Wednesday, September 30, 2015 Joint venture partners in Vietnam's offshore Block 121 in the Phu Khanh Basin withdraw from the license following the unsuccessful drilling of the Whale prospect.
Argentina's CGC Says Strikes New Natgas Deposit in Patagonia
Wednesday, September 30, 2015 Argentine energy company Compania General de Combustibles (CGC) says it had discovered a new natural gas deposit in the southern Santa Cruz province, with reserves estimated at 40 to 50 billion cubic feet.
Egypt to Search for Oil in Iraq in First Foreign Venture
Wednesday, September 30, 2015 Egypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy for part of a concession in Iraq, according to the country's oil minister.
India Draws Attention from Drilling Firms; Focuses on ONGC Tender
Tuesday, September 29, 2015 Drilling firms show keen interest in the Indian market, with attention focused in a tender by state-owned ONGC, local media says.
Shell to Explore for Oil, Gas in Block Offshore Bulgaria
Tuesday, September 29, 2015 Bulgaria picks Royal Dutch Shell to carry out deepwater oil and gas exploration of its Black Sea coast and plans to sign a contract by the end of October.
Metgasco Engages Terrex to Conduct Seismic Survey in PEL 16 in NSW
Tuesday, September 29, 2015 Metgasco engages Terrex to conduct seismic survey in petroleum exploration license PEL 16 in New South Wales, Australia in November.
Triple Updates on Aolong Project's Drilling in China's Heilonjiang Province
Tuesday, September 29, 2015 Triple Energy provides update on drilling at 2 wells in the Aolong project in China's Heilongjiang province.
Adverse Weather Prevents Sea Lion-1 Spud Offshore Australia
Tuesday, September 29, 2015 The Sea Lion-1 exploration well, located offshore Australia, has been further delayed due to adverse weather conditions.
Brazil's Petrobras Says Carcara Oil Well Extends Sub-salt Discovery
Tuesday, September 29, 2015 Petrobras says a third exploratory well found light oil in the Carcara offshore find in the Santos basin, confirming the find extends well beyond the initial discovery.
Shell Ceases Alaska Exploration Activity
Monday, September 28, 2015 Shell will cease exploration activity offshore Alaska after failing to make a commercial find at the Burger J well, located in Alaska's Chukchi Sea.
POE Prepares for Testing Ops at Onshore Akeh-1 Exploration Well in Sumatra
Monday, September 28, 2015 Pan Orient Energy prepares for testing operations at onshore Akeh-1 prospect in the Batu Gajah Production Sharing Contract in Sumatra, Indonesia.
Bowleven Encounters Hydrocarbons Onshore Cameroon
Monday, September 28, 2015 Bowleven's Moambe exploration well, located on the Bomono Permit onshore Cameroon, encounters hydrocarbons.
BG Acquires Repsol's Newfoundland Interests
Monday, September 28, 2015 BG Group acquires 3 non-operated positions offshore Newfoundland, Canada, from Repsol.
|Brent Crude Oil :||$52.65/BBL||0.75%|
|Light Crude Oil :||$49.63/BBL||0.40%|
|Natural Gas :||$2.5/MMBtu||0.00%|
|Updated in last 24 hours|