Offshore Geology News - page 34

Gabon wildcat roars

Feb 01, 2013

Panoro has struck oil at its wildcat well, Dussafu Torue Marin-1, off Gabon. The well, drilled by Saipem’s semisubmersible Scarabeo 3, found 13m of pay in a 22m oil column in the Gamba formation and 38m of pay within stacked reservoirs of the Dentale formation…

Balai bonanza

Feb 01, 2013

BC Petroleum (a ROC, Dialog Group and Petronas venture) discovered 87m of hydrocarbon pay in multiple zones of the Balai-2 well off east Malaysia. Drilled to 2266m TD, Balai-2 targeted a shallow carbonate reservoir and a deeper series of stacked sandstone reservoirs…

Basins bounty sought

Feb 01, 2013

As oil and natural gas production continues to fluctuate at a level well below demand, John Mueller looks at New Zealand’s growing need to aggressively explore the nation’s vast and extensive offshore sedimentary basins.Taranaki Basin, located along the west coast of New Zealand’s North Island…

Karoon hops for Kangaroo oil

Jan 25, 2013

Australian firm locates light oil off Brazil Click to view largerKaroon Gas Australia has encountered light oil at the Kangaroo-1 exploration well on Block S-M-1101 in the Santos Basin off Brazil, partner Pacific Rubiales announced on 25 January 2013…

Conference delineates steady effort to open the Arctic

Jan 09, 2013

Delegates at the Arctic Technology Conference, held recently in Houston, examined the potential of the region to the oil & gas industry. Victor Schmidt and Nina Rach listened in.Two Russian icebreakers create a wide path for the LNG carrier…

It’s cold. It’s harsh. And it takes a lot of cash.

Jan 09, 2013

The challenges of drilling in the Arctic have become so multifaceted it’s hard to know what position folks line up behind. If it were just the usual environmentalist vs oil companies – and that fight is perennial to be sure – things would be clearer…

Planning on a better future

Jan 09, 2013

Andrew McBarnetIf there was such a thing as an annual horoscope for the marine seismic and related geophysical businesses, then in the coming year we can expect at least some improvement on 2012. In other words, unless there is some totally unexpected destabilizing economic…

Pre-programmed mission for decommissioning survey

Jan 09, 2013

Chevron needed to survey 14 sites in the Gulf of Mexico, most of which were slated for decommissioning, so it hired Lockheed Martin to deploy its new Marlin AUV to assist. Chevron subsea survey engineer Olugbena Esan and Lou Dennis, Lockheed Martin business development manager…

ITF scales up for the ‘push and pull’

Jan 04, 2013

ITF, the global industry technology facilitator, was set up in 1999 and is today owned by 30 major operating and service companies from around the globe, Qatar Petroleum having become the latest recruit in July. Meg Chesshyre talked to chairman…

Dual hits

Jan 01, 2013

Chevron and its 50:50 joint partner Shell have scored two gas finds in the Exmouth Plateau of the Carnavon Basin off Western Australia. Pinhoe-1, drilled to 13,396ft TD, encountered 197ft of net gas pay in the Barrow and Mungaroo Sands. The Arnhem-1…

UK to resume fracking

Dec 13, 2012

UK to resume fracking with control measures The UK's Department of Energy and Climate Change (DECC) announced on 13 December that hydraulic fracturing can resume although the practice will be subject to new controls.The new controls announced…

Study highlights job prospects for minorities

Dec 04, 2012

Photo: ExproMinorities to fill 35% of energy jobs by 2030API President and CEO Jack Gerard released a new report by IHS Global Insight showing the oil and natural gas industry is in a strong position to expand its workforce with minority employees…

Tullow picks up Guinea stake

Nov 20, 2012

Tullow has reached an agreement for 40% operating interest in Houston-based Hyperdynamics' offshore Guinea concession, the two companies announced on 20 November 2012.In late October, Tullow expressed interest in joining the concession. Hyperdynamics…

Forging on regardless

Nov 19, 2012

The new year of 2012 does not offer great tidings of comfort and joy for the marine seismic business. Andrew McBarnet explains why.Contemplating prospects for 2012, there is a discernible air of frustration, even resignation, in the marine seismic community…

Faroe bows out of Shetland play

Nov 02, 2012

Faroe's P1161 license Poor quality oil and small resource sizes are to blame for Faroe Petroleum opting to return its 50%-operated P1161 license in the West of Shetland area, the company announced on 2 November 2012.Faroe CEO Graham Stewart said the P1161 license…

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