Futures Markets
Sterling provides drilling update
Sterling Energy, an independent oil and gas exploration and production company with interests in the Gulf of Mexico, Africa and the Middle East, has spudded the Iris Charlie Marin-1 (ICM-1) exploration well, in the Iris Marin PSC, offshore Gabon on 5th July 2008.
The company will use Hercules Offshore’s jack-up rig Hercules 156 to drill the […]
Marathon’s first production from Neptune
Marathon Oil Corporation and partners have started production of oil and natural gas from the Neptune development in the deepwater Gulf of Mexico.
BHP Billiton, the operator of the facility holds a 35 percent interest in Neptune, Marathon holds a 30 percent interest, Woodside Petroleum Limited holds a 20 percent interest, and Maxus (U.S.) Exploration […]
Austral provides drilling results of A6 well
Austral Pacific Energy Ltd, a listed junior explorer engaged in oil and gas exploration and production, provides results of A6 well drilling in the greater Cheal area. Austral Pacific Energy Ltd holds 69.5% stake in the field and TAG Oil holds the remaining 30.5% stake in the field.
Cheal-A6 well reached a total depth of […]
StatoilHydro discovers gas in the Barents Sea
Norway based StatoilHydro has confirmed the existence of gas in the Ververis prospect in the Barents Sea. The explorer struck gas in Ververis during the drilling of exploration well 7226/2-1 in the Barents Sea.
StatoilHydro, the operator of the block performed the drilling in 347 metres of water by the Polar Pioneer drilling rig.
This is […]
Addax reports Cameroon results
Addax Petroleum Corporation, an oil and gas exploration and production company with a strategic focus on West Africa and the Middle East, announces the initial results of its Cameroon exploration campaign after completing drilling its first exploration wells in the Ngosso and Iroko license areas.
Addax Petroleum drilled two wells, along with a sidetrack at […]
Antrim successful drilling at Causeway well
Antrim Energy Inc., an oil and gas exploration and production company with operations in Argentina and the United Kingdom, provides drilling results from its Causeway well 211/23d-18 in the UK North Sea.
Antrim, which holds 65.5% interest in the Causeway well, drilled the 23d-18 well and found a significant oil column, including a new oil […]
Lundin makes oil discovery in Caspian Sea
Lundin Petroleum AB, a Swedish independent oil and gas exploration and production company, has encountered a major oil accumulation in the Aptian and Neocomian sandstone reservoirs at its Morskaya-1 exploration well in the Lagansky block, in the northern Caspian Sea.
The company drilled the Morskaya-1 well to a depth of 2082 metres in a water depth […]
Bayou Bend reports results of Haystack prospect
Bayou Bend Petroleum Ltd., a publicly traded oil and gas exploration and production company with a focus in the Gulf of Mexico shallow water shelf area, provides an update on the drilling results for the Haystack Prospect in the Marsh Island operating area in Gulf of Mexico. Bayou Bend is the operator of the Haystack […]
Melrose updates Egypt exploration
Melrose Resources plc, an Edinburgh-based oil and gas exploration development and production company, provides an update on its exploration and appraisal programme in Egypt.
The company has drilled the Ar Rub No.1 exploration well to test a deep Sidi Salim exploration play in the northern area of the South East El Mansoura concession.
After reaching […]
Petroceltic wins nine permits offshore Italy
Petroceltic International plc, an Irish headquartered oil and gas exploration company, announce that its fully owned Italian subsidiary, Petroceltic Elsa Srl., has been granted nine exclusive exploration permits in the central Adriatic offshore Italy.
Petroceltic has a 100 percent interest in the nine permit awards, which are d492, d493, d494, d495, d496, d407, d498, d499, […]
Matra Petroleum updates Russian operations
Matra Petroleum plc, an oil exploration company building a substantial oil and gas portfolio in Central Europe and Russia, provides updates on its Russian operations.
The company has completed the successful acid treatment on Well A12, at the Sokolovskoe discovery in the Arkhangelovskoe Licence in Orenburg, Russian Federation, where it holds 100 per cent interest.
Independent […]
Emerald update on Khurbet East field
Emerald Energy Plc, a UK based company engaged in the exploration and production of hydrocarbons, announces that the procurement, construction and installation of the early production facility in the Khurbet East field n Block 26, Syria has now been completed.
The company said that the Khurbet facility, which is capable of processing some 10,000 barrels […]
Victoria updates on Kazakhstan and Russian projects
Victoria Oil & Gas Plc, the AIM-quoted oil and gas exploration company focused on the Former Soviet Union, provides an update on West Medvezhye gas and gas condensate field in Western Siberia, Russia and Kemerkol oil project in the Atyrau Oblast of Kazakhstan.
The company said that the Russian Ministry of Natural Resources has issued a […]
Midmar awarded two new UK licences
Midmar Energy Ltd has been awarded two new onshore licences, PEDL 248 and 230, in the 13th Landward Oil and Gas Licensing round.
Midmar has also been awarded a 70% interest in PEDL 248, while MPX (Oil & Gas) Limited hold the remaining 30% interest in the field. PEDL 230 contains a number of possible […]
FX Energy begins drilling Sroda-6 well in Poland
FX Energy, Inc., an independent oil and gas company focused on Poland, has commenced drilling at Sroda-6 on June 28, 2008. This is the third of four wells, which the company expects to drill this year in Poland.
The Sroda-6 well is located approximately 15 kilometres along trend to the northwest from the Company’s 2007 […]
Gran Tierra successfully drills Popa-2
Gran Tierra Energy Inc., a South American oil exploration company, has successfully drilled the Popa-2 exploration well in the Rio Magdalena Block in central Colombia.
The company, which started drilling of the Popa-2 exploration well on May 8, 2008, has reached total measured depth of 8,646 feet in basement on June 21, 2008. It expects to […]
Heritage provides Uganda drilling update
Heritage Oil Limited, an independent upstream exploration and production company, provides drilling results from its Kingfisher-2 exploration and appraisal well in Block 3A, Uganda.
Heritage has a 50% interest in Block 3A, while the operator, Tullow Oil holds the remaining 50%.
Excellent oil shows have already been encountered over a gross vertical interval of approximately 105 […]
StatoilHydro submits new plan for Troll field
StatoilHydro has submitted a new plan for the development and operation (PDO) of the Troll field to the Norway’s Ministry of Petroleum and Energy.
Ms Hege Marie Norheim, senior vice president for StatoilHydro’s reserve and business development on the Norwegian continental shelf, said that the field has been in continuous development since it came on stream, […]
Mart to export crude oil from Umusadege field
The consortium of Mart Resources, Inc., Midwestern Oil and Gas Company PLC and Suntrust Oil Company Nigeria Limited, have started export of their first crude oil from the Umusadege field, in Nigeria.
The consortium, which has produced a total of approximately 120,000 barrels of oil from the UMU-1 well since April 2008, is loading approximately 92,000 […]
Solara to acquire oil and gas assets in Alberta
Solara Exploration Ltd., a junior oil and gas company focused on the exploration, development and acquisition of oil and natural gas in western Canada, has signed an agreement to acquire various interests in oil and natural gas properties located in Alberta.
The company has paid $2,100,000 to acquire these assets, subject to adjustments at closing. […]