North Sea-focused Independent Oil and Gas (IOG) signed a sale and purchase agreement to acquire the 50% of license P1609 containing the Skipper discovery from Alpha Petroleum Resources (Alpha). This transaction will result in IOG’s independently verified 2C resources increasing by 13…
Accurate allocation measurement results are a key financial and commercial driver for exploration and production companies. Yet despite limited evidence of the performance of Coriolis and ultrasonic flow meter technology, they are being…
Petrobras encountered a new oil accumulation at its ultra deepwater Sergipe basin at the Poco Verde field, offshore Brazil. Poco Verde map. From Petrobras. Well 3-SES-189 (Poco Verde well 4) is located in concession BM-SEAL-4…
LLOG Exploration and its partners Ridgewood Energy and Stone Energy Corp. drilled a successful exploration test at the Viosca Knoll 959 “Crown & Anchor” prospect. The initial exploratory well encountered greater than 50ft of net oil bearing sand in a high-quality Miocene reservoir…
Murphy Oil completed and achieved first production at its Medusa SS #6 well in the Gulf of Mexico, according to partner W&T Offshore. Medusa SS #6 is located in the Medusa Field, in Mississippi Canyon 538/582 approximately 100m south of New Orleans…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. “Producing more energy here at home creates new job opportunities and makes us more secure…
More than 5000 jobs have been lost in the UK North Sea sector and more losses are likely, the CEO of trade body Oil & Gas UK says. Deirdre Michie, Oil & Gas UK’s recently appointed CEO, told reporters during a briefing in Aberdeen that this is a challenging time for the industry…
Brazilian giant Petrobras encountered light oil pay at the second appraisal well at its Carcará pre-salt discovery offshore Rio de Janeiro, according to partner Queiroz Galvão Exploração e Produção (QGEP). ODN II…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. Image from CGG…
China National Offshore Oil Corp. (CNOOC) discovered a mid-sized oil find at Liuhua 20-2 in the eastern South China Sea. Oil was found at the LH20-2-1 well, located at the Liuhua 20-2 structure in Northern Slope Belt of Baiyun Sag in…
Anadarko shows its largest spar facility, Lucius. In this video, Anadarko explains the process of Lucius and what it has taken to get the project to where it is today, including its 25-day journey to the Lucius oil field located in the Keathley Canyon Block…
A review of resources on the Norwegian Continental Shelf shows that the current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005. Further, it presume that more oil remains to be discovered, according…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid four charges against the consortium behind the Hibernia field after an oil spill. The charges were made against the Hibernia Management and Development…
Non-OPEC liquids growth potential of 5.5 MMb/p over the next five years has been reduced by over 2 MMb/d to 3.3 MMb/d, according to forecasts by energy analysts Rystad Energy. The Norwegian firm’s research shows investments in oil and gas production are estimated to drop 20% in 2015…
OMV's Maari MR7A development well is now online offshore New Zealand, according to joint venture partner Cue Energy. Map of PMP 38160. From Cue. The Maari MR7A well is located in PMP 38160 in the Taranaki basin…
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