Apache Energy’s Phoenix area off Western Australia is estimated to contain 48-232 MMbbl of contingent and prospective recoverable oil, according to an independent technical advisor. Map from Carnarvon…
KrisEnergy began drilling the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand using Shelf Drilling's Key Gibraltar jackup rig. Gulf of Thailand block map. From KrisEnergy. Rossukon…
Japanese exploration firm JX Nippon Oil & Gas Exploration's Malaysia subsidiary is planning two further exploration wells offshore Malaysia after confirming a deepwater oil discovery. The Bestari-1 exploration well, the first drilled in Deepwater Block R (the Block)…
Gazprom Neft and Petrovietnam signed a series of agreements to extend their collaboration activity on the Pechora Sea shelf. Dolginskoye field. From Gazprom. The joint oil and gas exploration…
Exploration and production executives are facing a bleak year with tough budgets – but the mood wasn’t all doom and gloom at IP Week. Solutions are being suggested – as Meg Chesshyre reports. Yves-Louis Darricarrère…
Karoon Gas Australia spudded its third well in the Santos basin drilling campaign, offshore Brazil. Map of the Santos basin, from Karoon. The Echidna-1 exploration well is located in exploration block S-M-1102…
BW Offshore signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to 3Q 2016 (from 3Q 2015), with options until 3Q 2022. BW Offshore is operating the FPSO offshore Brazil…
Jerry Lee takes a look at some of the research surrounding microbial enhanced oil recovery (MEOR), and how it could be a viable solution for increasing recovery efforts. A Glori scientist observes…
Heather Saucier examines the effect of regional energy policies on Latin America’s rich untapped resources, estimated to be some 126 billion bo and 679 Tcf of natural gas, a large majority of which is offshore. Piñon…
Northern Offshore is delaying the delivery of two of its high specification jackups due to the downturn of the drilling market. The West Navigator. From NADL. Northern was able to…
Houston-based VAALCO Energy is in the process of plugging and abandoning its post-salt Kindele-1 well, offshore Angola after encountering non-commercial hydrocarbons. Map of Kindele-1, offshore Angola…
Italian exploration and production major Eni is joining Chevron, Woodside, Ophir Energy and India's Reliance Industries, in gearing up for exploration activities offshore Myanmar after signing two production sharing contracts (PSCs). All the companies have been awarded PSCs off the country…
Oil prices are set to rise on average US$10/bbl annually towards 2020, with global liquids supply and demand balancing out in around two years, according to Oslo-headquartered oil and gas consulting and business intelligence firm Rystad Energy…
Statoil hit big at its eighth discovery offshore Tanzania at the Mdalasini-1 exploration well, with an additional 1-1.8 Tcf of natural gas. Map of Block 2. From Statoil. Mdalasini…
Petrobras appointed Luciano Galvao Coutinho as chairman of the board after receiving Guido Mantega’s resignation on 26 March. Image of Petrobras headquarters. From OE Staff. Coutinho…
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