Results33 articles shown
Repsol Drills Dry Well in Norwegian Sea
Tuesday, October 13, 2015 Wildcat well 6306/5-2, located in the Repsol Norge AS operated production license 642, has come up dry.
Billionaire's Exit Prompts Sri Lanka to Seek New Oil Explorer
Tuesday, October 13, 2015 Sri Lanka will issue a fresh international tender for offshore oil and gas blocks after billionaire Anil Agarwal's Cairn India relinquished its exploration rights in the South Asian island.
OMV: Gas Discovered in Pakistan's Latif License
Monday, October 12, 2015 OMV announces that gas has been discovered in the Latif South-1 exploration well, located in Pakistan's Latif exploration license.
Tethys Told to Withdraw from Tajikistan Exploration Project
Monday, October 12, 2015 Tethys Petroleum Limited receives a notice from joint venture partners Total E&P Tajikistan B.V and CNPC Central Asia B.V. to withdraw from the Bokhtar exploration project in Tajikistan, after missing a payment of approximately $1.28 million.
Icewine Spud Pushed Back Due to Permit Delay
Monday, October 12, 2015 The spud of the Icewine #1 well, located onshore Alaska, has been pushed back due to a delay in the approval process for the final remaining permit required to commence drilling.
Eni Secures 2 New Exploration Licenses in EGAS Bid Round
Monday, October 12, 2015 Eni secures 2 new exploration licenses in the Mediterranean Sea, as part of the 2015 EGAS (Egyptian Natural Gas Holding Company) bid round.
North Energy Sells Barents License Stake to Pure E&P
Monday, October 12, 2015 Junior explorer North Energy sells its 10-percent interest in production license 706 to Pure E&P Norway.
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.
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.
President Energy: Boqueron Prospect is 'Compelling Drilling Opportunity'
Friday, October 09, 2015 The largest prospect in Hernandarias Block could contain gross unrisked recoverable oil and gas resources of 302 million barrels of oil equivalent and 559 billion cubic feet of gas, respectively.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
|Brent Crude Oil :||$49.86/BBL||5.29%|
|Light Crude Oil :||$47.1/BBL||5.09%|
|Natural Gas :||$2.54/MMBtu||1.60%|
|Updated in last 24 hours|