Archive for the ‘Area Drilling’ Category
Elephant hunt resumes
April 9th, 2019 by Latest News
Oil and gas companies are hunting the proverbial elephant again. Some of them are, at any rate.
PTT Exploration & Production PCL (PTTEP) has won two exploration blocks in Malaysia while acquiring Murphy Oil Corp.’s properties in the country.
Aker BP makes North Sea oil, gas discovery
April 2nd, 2019 by Latest News
Aker BP confirmed an oil and gas discovery with a gross resource estimate of 60-130 million boe from the Froskelar Main exploration well in license 869 in the North Sea’s Alvheim area.
DEA Deutsche Erdoel AG (DEA), Hamburg, has agreed to acquire Sierra Oil & Gas, Mexico City, giving it access to a portfolio of six exploration and appraisal blocks in Mexico, including the Zama discovery.
Australia awards offshore exploration permits
November 19th, 2018 by Latest News
The Australian government has awarded seven new offshore exploration permits with Shell Australia being the major beneficiary.
QEP Energy Co., a wholly owned subsidiary of Denver-based QEP Resources Inc., has agreed to sell all its assets in the Williston basin in North Dakota and Montana, which includes the South Antelope and Fort Berthold leasehold and various mineral intere…
Exploration in Egypt, Ecuador, Russia, and Mongolia pushes boundaries
November 5th, 2018 by Latest News
Oil and gas companies are exploring in disparate parts of the world to add more reserves to fulfill growing world energy demand. Egypt intensified oil and gas exploration efforts in the Mediterranean and Red Sea while Ecuador recently opened more onsho…
Researchers improved and stabilized production for 75 vertical wells on Su-A block of China’s Sulige tight sandstone gas field. They implemented measures that could guide the development of ultralow permeability gas reservoirs elsewhere.
Beach Energy Ltd., Adelaide, has sold 40% of its Victorian-Tasmanian Otway basin interests to Monaco-based Israeli businessman Eyal Ofer’s OG Energy Holdings Ltd. for $344 million (Aus.) in cash.
LLOG Exploration Co. LLC, Covington, La., has brought online several wells in the deepwater Gulf of Mexico and will move forward with additional development projects.