Lundin Petroleum's latest Luno II appraisal well found oil but with lower than expected reservoir properties, leading the firm to revise down its resource estimate for the field to between 27 and 71MMboe. Lundin said the target of appraisal well 16/4- 8 S in the Luno II discovery…
Noble Energy announced successful results for the Katmai exploration well and the Dantzler-2 appraisal well in the deepwater Gulf of Mexico. Katmai exploration well Noble is reporting great news at Katmai with total gross resources for the well estimated between 40 and 100MMboe…
Pacific Drilling’s ultra deepwater Pacific Sharav began its five-year drilling contract for Chevron on 27 August 2014. The contract is estimated to be worth more than US$1 billion, bringing Pacific Drilling’s total contract backlog as of 22 June 2012…
Carin Energy found oil samples in the FAN-1 exploration well offshore Senegal, according to joint venture partner, FAR Ltd. FAN-1 and SNE-1 in 3D seismic. From Far. FAR says elevated gas…
Shell made a gas discovery at the deepwater Majoram-1 well 180km off the Malaysia coast. The Marjoram-1 well is located in Block SK318, in 800m of water. Shell says the addition of new natural gas resources this year ensures the company is able to continue to provide cost-effective…
Santos hit a gas discovery at the Lasseter-1/ST1 exploration well, offshore Western Australia. Map of WA-274-P from Inpex The block and its surrounding areas are considered an area of high exploration potential…
Singapore-based KrisEnergy completed drilling on the Mancharee-1 well off the Gulf of Thailand with no significant pay zones identified. KrisEnergy says gas shows were encountered at several levels but no significant pay zones were identified…
Atlantic Petroleum entered commercial agreement to farm out 6% of its 15% ownership in license PL528 in the Ivory prospect located in the Norwegian Sea to Repsol. The deal is subject to government approval. The Ivory prospect is gas prone…
Santos announced the discovery of gas-condensate at the Lasseter-1 exploration well in WA-274-P, located in the Browse basin, offshore Western Australia. The Lasseter-1 well is located approximately 35km east-southeast of Santos’ Crown…
Rosneft, Seadrill Ltd. and North Atlantic Drilling Ltd. (NADL) entered into a framework agreement. The cooperation would see the Russian producer exchanging assets for shares in the Norwegian drilling company, which specializes in harsh environment operations…
Mexico's Pemex has started a corporate restructure to become a more 'flexible and efficient,' it announced today. The announcement comes after Mexican president Enrique Pena Nieto approved the country's historic energy reform earlier this month…
Three Japanese exploration companies, led by project operator Idemitsu Kosan Co., announced the discovery of natural gas and condensate at the fourth well in Blocks 05-1b and 05-1c offshore southern Vietnam. The discovery was in the Dai Nga structure in Blocks 05-1b and 05-1c…
The Bureau of Ocean Energy Management (BOEM) opened the Gulf of Mexico Western Planning Area Lease Sale 238 in New Orleans on 20 August 2014, offering 21.6 million acres for oil and gas exploration and development offshore Texas. The sale attracted more than US$109…
Chariot Oil & Gas Brazilian subsidiary signed a farm-out agreement with AziLat subsidiary AziBras Exploração de Petróleo e Gás Ltda. on blocks BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 in the Barreirinhas Basin, offshore Brazil. AziLat…
Norwegian Seismic acquisition and processing firm Electromagnetic Geoservices (EMGS) has increased its stake in exploration firm North Energy to nearly 10% as part of a loan deal. The NOK75 million convertible bond loan secured EMGS addtional shares in North Energy…
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