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 [...]
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 [...]
Origin Energy makes small discovery
Origin Energy Resources (Kupe) Limited, on behalf of the Kupe Joint Venture, says that the PML 38146 exploration well Momoho 1 has discovered a small gas condensate pool within thin, good quality sandstones of the Palaeocene Farewell Formation The company claims that the fresh discovery is the third indication of hydrocarbons along this structural trend. [...]
Hardy Oil and Gas provides operational update
Hardy Oil and Gas plc, an international oil and gas exploration and production company primarily focused in India with some development interests in Nigeria, has started spudding the exploration well GS01-M1 in the GS-OSN-2000/1 (GS-01) exploration licence in India. The company also reports the adoption of an appraisal programme for the GS01-B1 discovery (Dhirubhai-33). The [...]
Ascent acquires projects in Slovenia and Switzerland
Ascent Resources plc, a European oil and gas exploration and production company, has announced plans to take up a stake in Slovenian and Swiss oilfields. Ascent has signed a Preliminary Agreement to acquire an 80% participation in the exploration of the East Slovenia Exploration Permit to the north of the Petisovci oil and gas field [...]
Abraxas receives approval to drill Wyoming permits
Abraxas Petroleum Corporation, a San Antonio based crude oil and natural gas exploration and production company with operations principally in Texas and Wyoming, has received approval on two of its drilling permits in Brooks Draw, Wyoming. The company hopes to receive approval on three additional permits, in which it owns a 100% working interest, some [...]
Noble makes discovery in Equatorial Guinea
Noble Energy, Inc. confirms the discovery of multiple hydrocarbon-bearing reservoirs at Diega prospect offshore Equatorial Guinea. Noble is the technical operator on the block with a 40 percent participating interest. The company said that the initial formation logs have identified 38 feet of net gas- condensate pay in the primary zone which correlates to earlier [...]
Transocean bags contracts for 4 rigs from Petrobras
Transocean Inc., the world’s largest offshore drilling contractor, says that the Petrobras board has approved contract awards for four of the company’s rigs totalling 22 rig years and approximately $3.0 billion in combined estimated contract revenues. Transocean says that the approved contracts are expected to be executed by subsidiaries of Petrobras and Transocean in the [...]
Venture completes Barbarossa gas field
Venture Production plc, a leading new generation oil and gas company based in Aberdeen, Scotland, has drilled and completed the Barbarossa gas field in the North Sea. Venture is the operator of the field with 90% stake. The field is located in Block 47/9c in the southern North Sea. Noble Julie Robertson jackup rig had [...]
DONG Energy increases stake in Hejre field
DONG Energy, one of Europe’s leading energy companies, has acquired another 10%stake from Bayerngas Norge AS (Bayerngas) for US$ 48 million in the Hejre license, making its total stake to 60% in the field. The transaction also included the acquisition of an 8% stake in the Hejre Extension license. The acquisition is subject to approval [...]
Emerald updates Colombian operations
Emerald Energy Plc has entered into a farmout agreement with Canacol Energy Inc., which allows Canacol to earn a 10% interest in the Ombu block by paying 100% of the cost of drilling and testing the Capella No.1 exploration well. Furthermore, Canacol have an option to earn an additional 5% interest in the block by [...]
StatoilHydro resume production at Snohvit
Norway based StatoilHydro has resumed production from the Snohvit field in the Barents Sea, after extensive service work comprising 150,000 labour hours. The plant began producing liquefied natural gas on Thursday at about 60% of its design capacity. Morten Svenning and Sivert Vist, start-up managers at the Hammerfest LNG plant said, we are very pleased [...]
Kosmos updates Mahogany-2 well
Kosmos Energy, a privately held international oil exploration and production company primarily focused on exploration in West Africa, has conducted a second drillstem test of the Mahogany-2 appraisal well in the Jubilee Field offshore the Republic of Ghana. The company conducted the test at a flow rate of 4,448 barrels of oil per day (BOPD) [...]
Caza announces Glass Ranch discovery
Caza Oil and Gas, which is engaged in the acquisition, exploration, development and production of hydrocarbons in the Texas Gulf Coast (on-shore), south Louisiana, southeast New Mexico and the Permian Basin of west Texas regions of the United States of America, reports a discovery from that the Glass Ranch A #1 well in Upton County, [...]
Avery wins block under NELP VII in India
Avery Resources Inc., an international hydrocarbon exploration and production company based in Calgary, Alberta, announces that its totally owned subsidiary, Bengal Energy International Inc. (Bengal), along with its two partners, has won the Block CY-ONN-2005/1, offered under the Seventh New Exploration Licensing Policy (NELP VII) in India. The Block, which covers 946 square kilometre land, [...]
Tethys commences testing at French well
Tethys Oil, a Swedish energy company focused on identification and development for production of oil and natural gas assets in the Middle East, North Africa and Europe, commences the testing of the well PLM-2 on the Attila license onshore Eastern France. The well was drilled in October last year and the company found the presence [...]
SOCO updates Vietnam discovery
SOCO, an international oil and gas exploration and production company having interests in Vietnam, Thailand, the Republic of Congo, and Angola, announces an oil discovery in Vietnam. The company said that drill stem tests on the Te Giac Den (TGD-1X-ST1) well on Prospect “E” has recovered black oil, condensate and gas, indicating the presence of [...]
Rift Oil provides drilling update
Rift Oil informs its shareholders that drilling of its Puk Puk–1 exploration well in Papua New Guinea, had reached the upper reservoir objective, the ‘Alene Sand’, and recorded gas at a depth of approximately 1760 metres. The company claims that the drilling has encountered the main reservoir target of the ‘Toro Sand’ at 1816 metres, [...]
TransAtlantic announces farm-in to seven blocks in Morocco
TransAtlantic Petroleum Corp., an oil company engaged in the exploration, development and production of crude oil and natural gas in Morocco, Turkey and Romania, along with partner Longe Energy, Ltd., have agreed to farm-in to the Ouezzane-Tissa and Asilah exploration permits held by Direct Petroleum Morocco, Inc. and Anschutz Morocco Corporation in northern Morocco. The [...]
Tullow Oil provides operational update
Tullow Oil plc, one of Europe’s largest independent Exploration and Production companies with operations in Europe, Africa, South Asia and South America, provides operational update of recent production, development and exploration activities. The company said that Mahogany-2 appraisal well on the Jubilee field in Ghana extends upside potential to 1.8 billion barrels. Jubilee and Odum [...]
Crude oil prices mixed as WTI declines, Brent crude gains