First oil from Soco’s CNV field
SOCO International, and its partners, Petrovietnam and PTTEP Hoan-Vu, declares that the first flow of crude oil and wet gas from the Ca Ngu Vang Field (CNV) occurred on 25 July 2008. The block is operated by the Hoan Vu Joint Operating Company (HVJOC).
The joint venture partners have already drilled four development wells in the [...]
Marathon receives approval for Angola block 31
Marathon Oil Corporation, an integrated international energy company engaged in exploration and production, announces that its subsidiary, Marathon International Petroleum Angola Block 31 Limited, and its co-venturers have received approval from Sociedade Nacional de Combustiveis de Angola - Sonangol E.P. to proceed with the first deepwater oil development project on Angola Block 31, comprised of [...]
Madalena updates on Remada TT2 exploration
Madalena Ventures Inc., a publicly traded international junior Canadian oil and gas exploration company trading on the Toronto Venture Stock Exchange, provides preliminary results on the TT2 exploratory well in Tunisia.
The block which lies in the Remada Sud permit, is operated by Storm Ventures International Inc. (Storm). Madalena’s total owned subsidiary, Madalena Ventures International Inc., [...]
Tap Oil reports Simpson-9 well discovery
Tap Oil Limited, an oil and gas exploration and production company with interests in Australia, New Zealand, Brunei and Philippines, announces that the Simpson 9 development well has successfully intersected the reservoir objective.
Logging over the Flag sandstone indicates an approximate 18 metre gross intersection of oil bearing reservoir. Current operations involve the running and cementing [...]
SCAN commences seismic program for Petrobras
SCAN Geophysical ASA, an international seismic data acquisition company specialising in both marine streamer seismic and ocean bottom cable seismic, has successfully commenced the acquisition of more than 8,500 km of 2D data offshore Portugal for Petrobras International Braspetro B. V. - Portugal Branch, on behalf of a consortium formed with Galp and Partex.
SCAN’s 2D [...]
Saipem awarded new contracts in Saudi Arabia and Nigeria
Saipem, 43% owned by Italian oil major Eni, has won new onshore orders worth 1.6 billion euro in Saudi Arabia and Nigeria.
The Saudi Arabian company Saudi Aramco has awarded Saipem the lump sum turn key contract for package No 1 of the Manifa Central Processing Facilities (CPF) project, in the frame of the Manifa Field [...]
Antrim drills successful well on Fyne field
Antrim Energy Inc., an international oil and gas exploration and production company, announces that the 21/28a-10 well on the Fyne field was successfully drilled and encountered 32 ft of net oil pay in the Eocene Tay Sandstone.
The company claims that these drilling results are similar to the Fyne discovery well 21/28a-2, which tested up [...]
Verenex updates Libya operations
Verenex Energy Inc., a Canada-based, international oil and gas exploration and production company with a world-class exploration portfolio in the Ghadames Basin in Libya, provides an update of its operational activities in Libya.
The Company remains on track to drill 11 to 12 exploration wells in Area 47 in 2008 utilising two drilling rigs under long [...]
Bridge to drill North Piper well
Bridge Resources Corp., which is engaged in the exploration for and acquisition of natural gas and petroleum interests in the North Sea, through its total-owned UK subsidiary Bridge North Sea (Central) Limited have executed agreements with BFW Capital Management Limited and its wholly-owned UK subsidiary BFW Drilling Limited, and Vancouver-based Lariat Energy Ltd and its [...]
Nautical announces farm out agreement
Nautical Petroleum plc, an independent hydrocarbon exploration and development company listed on the London AIM, has entered into a farm out agreement with Canamens Energy North Sea Limited (Canamens) whereby Canamens will acquire a 35% interest in the North Sea Block 3/27a.
Canamens will fund their ongoing 35% interest of the current well plus a portion [...]
Centrica to take 51% stake in Belgian SPE
Centrica plc has plans to increase its shareholding in Belgian generation and supply company SPE SA (SPE) to a controlling 51 per cent.
Centrica has exercised its pre-emption right over the 25.5 per cent interest in SPE currently held by GDF International SAS (GdF) through an acquisition of GdF’s 50 per cent stake in [...]
Khurbet East field update Syria activities
Emerald Energy Plc, a UK based company engaged in the exploration and production of hydrocarbons, provides the following update on activities in the Khurbet East field in Block 26, Syria.
The company commenced production in the Khurbet East field on 21 July with oil production from the Khurbet East No.4 well.
The company will continue drilling [...]
XTO to acquire Barnett Shale properties
XTO Energy Inc., an US based natural gas producer, has entered into a definitive agreement to acquire 12,900 net acres adjacent to XTO’s existing operations in the Barnett Shale core for approximately $800 million, from an undisclosed third party.
The company’s internal engineers estimate proved reserves to be in excess of 300 billion cubic feet [...]
Northern announces Bakken discoveries
Northern Oil and Gas, Inc., an exploration and production company based in Wayzata, Minnesota, has recently participated in the successful completion of three wells in the emerging North Dakota Bakken play, bringing to eleven the total number of producing wells in which Northern holds an interest.
The company controls approximately 60,000 net acres in the North [...]
Hess reports gas discovery in Australia
Hess Corporation has discovered natural gas from the Briseis-1 exploration well, located in Jurassic and Triassic sandstones on Australia’s Northwest Shelf.
The well, which was drilled in 3,668 feet of water by the semi-submersible rig, Jack Bates, encountered 151 feet of net gas pay, in line with pre-drill estimates.
Briseis-1 is the second of four exploration [...]
Horizon Oil reports on Papua New Guinea activities
Horizon Oil, has obtained key results from its production test of the Stanley-1 well in PRL 4, Western Province, Papua New Guinea, where the company holds a 100% interest. The company started operations on 20 June 2008, utilising EasternWell rig 4.
The well flowed at rates up to 25 million cubic feet of gas per [...]
Innamincka commences fraccing Flax 5 in Australia
Innamincka Petroleum has provided an operational update for Flax 1. The company hopes to start production from Flax 1 during the next week.
The company has commenced the well completion and fracture stimulation activities with the Ensign Rig 5 service rig mobilised onto the Flax 5 lease.
Innamincka Petroleum anticipates oil production to commence from [...]
Vangold updates on Armenia oil project
Vangold, an international resource company with a diverse portfolio of advanced stage oil, gas and mineral projects worldwide, provides an update on its Armenia oil project.
Vangold, along with its partner Blackstairs Energy, has signed an exploration and production sharing agreement with the government of Armenia, in April 2007.
The joint venture partners have already [...]
Pacific Rubiales win two blocks in Colombian bidding
Pacific Rubiales Energy Corp., a Canadian-based company and producer of natural gas and heavy crude oil, has been awarded Blocks CP-1 and CP-6 in the Heavy Oil Round for the Llanos Basin of Colombia, organised by the Agencia Nacional de Hidrocarburos de Colombia (ANH).
Pacific Rubiales has won a 100% interest in Block CP-1, which covers [...]
Wintershall awarded exploration licence in Chile
Wintershall, Germany’s largest producer of crude oil and natural gas, through its totally owned BASF subsidiary, has for the first time been awarded an exploration licence in Chile.
A consortium of Wintershall, GeoPark, and Methanex was awarded the licence for the Otway Block. Wintershall and GeoPark each have a 42 percent stake in the consortium [...]
Crude prices drop as US GDP slows in second quarter