Oil News

 

Small oil discovery in North Sea

Aug 07, 2013

Exploration well 16/2-18S, located on Statoil operated PL265 in the North Sea, was drilled west of Johan Sverdrup discovery about 9 km west of  well 16/2-6 and 3 km west of appraisal well 16/2-14. The primary exploration target of the well…

Big numbers for Offshore Europe

Aug 07, 2013

Next month’s SPE Offshore Europe exhibition and conference will be the largest in the event’s history with more exhibiting companies and countries represented than ever before.  The sold-out exhibition halls, covering a record 27,082…

PGS highlights Kara Plate

Aug 07, 2013

Petroleum Geo-Services (PGS) has highlighted the exploraton prospectivity of northern Kara Sea, after completing research and 2D seismic in the region. PGS says, according to its research, the area, known as the Kara Plate, is a “highly promising proliferous region”…

Shell hits Yucatan pay

Aug 06, 2013

Shell has hit an oil-bearing zone at its Yucatan North-1 exploration well in the US Gulf of Mexico, Shell's partner Inpex confirmed. The oil-bearing zone, located within Walker Ridge 95/96/139/140 blocks, contains approximately 36m net pay…

Salamander hits Surin oil

Aug 06, 2013

Salamander Energy plc encountered oil at its G4/50-5 exploration well in the Surin prospect in the central portion of the Western sub-basin, Block G4/50, in the Gulf of Thailand, the company announced on 6 August 2013. Oil was discovered…

The Quest for Oil goes online

Aug 01, 2013

Maersk Oil launched the web-only video game Quest for Oil early this summer with the aim of making the oil and gas industry more accessible. OE discusses the strategy behind the game with CEO Jakob Thomasen. Maersk Oil launched the video game…

ENI strikes oil offshore Congo

Aug 01, 2013

Eni has made an oil and gas discovery on the Nene Marine exploration prospect, in the Marine XII Block offshore Congo about 17km offshore. Eni says two wells were drilled on Nene Marine and estimates it contains about 600 million bbls of oil and 700 billion cu ft of gas in place…

Conoco adds Senegal stake

Aug 01, 2013

US operator ConocoPhillips has agreed to acquire a 35% stake in three contiguous blocks offshore Senegal, West Africa, through two deals announced today. ConocoPhillips is to acquire a 25% interest in the three blocks from Scotland-based…

Tunisia: Circle Oil increases offshore, onshore investments

Jul 29, 2013

Irish independent Circle Oil Plc announced today that its subsidiary, Circle Oil Tunisia Ltd., has increased its stake in the offshore Mahdia license to 100%, after acquiring the remaining 30% working interest from Tethys Oil & Mining Inc…

Montara first oil

Jul 25, 2013

PTTEP Australasia achieved first oil from the Montara field in the Timor Sea off Western Australia. The Montara Venture FPSO started production at the H2 well in early June. The company expects to ramp production to 21,000bo/d with first off-take of oil from the FPSO occurring by August…

Kashagan production to start

Jul 25, 2013

North Caspian Operating Company (NCOC) began work to start production of Kashagan field in the Caspian Sea. The first phase will see production from eight wells on an artificial island complex. Wells, pipelines, and the Bolashak Onshore Processing facility have been completed…

Statoil strikes oil

Jul 24, 2013

Statoil announced a light, high-quality oil discovery at its Harpoon prospect (EL 1112) in the Flemish Pass basin, off Newfoundland, Canada. The semisubmersible West Aquarius drilled the well in about 1100m of water. Harpoon is located 500km northeast of St…

Modiin updates estimates for Yam Hadera field

Jul 22, 2013

Modiin Energy LP has updated resource estimates for the Yam Hadera field off Israel. The best estimate of gross recoverable, prospective resources at Yam Hadera is 208MMbo (revised upwards from 133 MMbo) and 3.4 Tcf of natural gas (revised upwards from 1…

Mozambique rising

Jul 17, 2013

All eyes are on Mozambique as significant natural gas finds are set to turn the East African country into a major LNG player, but are oil riches on the horizon? Mozambique’s prolific Rovuma basin holds 12 offshore discoveries within a 50km radius…

SPE Brings Student Competition to Europe

Jul 12, 2013

About 50 students from across Europe will take part in the inaugural Society of Petroleum Engineers (SPE) Europe Petro League, which will be hosted by the Aberdeen Section during the Offshore Europe conference, 3-6 Sept. This competition…

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