Archive for the ‘Reserves’ Category

The National Petroleum Council approved and submitted a supplemental assessment to its 2015 US Arctic Oil and Gas Potential Resources Report to Energy Sec. Rick Perry on May 2. It contains recommendations addressing enhanced safety and environmental st…

BP PLC is reported to be planning to withdraw from its two production-sharing contracts covering exploration for natural gas in Sichuan basin shale.

Chariot Oil & Gas Holdings (Morocco) plans to reprocess 1,425-sq-km of 3D seismic data and assess development and exploratory potential of the Lixus license offshore Morocco. The subsidiary of Chariot Oil & Gas has been awarded the license and …

Chariot Oil & Gas Holdings (Morocco) plans to reprocess 1,425-sq-km of 3D seismic data and assess development and exploratory potential of the Lixus license offshore Morocco. The subsidiary of Chariot Oil & Gas has been awarded the license and …

Eni Australia has submitted environmental plans for a third production well on its wholly owned Blacktip gas and condensate field in the shallow waters of the southern Bonaparte Gulf offshore Northern Territory. The plans were submitted to the National…

Ukraine outlined terms for its second and third licensing rounds. Bidding will be done using an online auction for areas covering more than 2,260 sq km. Licensing rounds are being offered in stages.

Inpex Corp. has received exploration rights to 6,116-sq km Block 4 in Abu Dhabi from Abu Dhabi National Oil Corp. With a 100% interest in the exploration phase, Inpex will invest as much as $176 million, including a participation fee, to explore t…

Qatar Petroleum has reached an agreement with Eni SPA to farm in to Block A5A in the Angoche basin offshore Mozambique. Saad Sherida Al-Kaabi, minister of state for energy affairs and QP president and chief executive officer, said the deal is part of a…

Equinor together with partners Petoro, ConocoPhillips, and Repsol will consider linking a recent oil discovery made with the Telesto exploration well in the Tampen area in the northern North Sea to existing infrastructure in Visund field. Resources are…

India’s government has approved the award of 23 contract areas to 14 companies in its second round of discovered small field bidding. The Directorate General of Hydrocarbons received 145 bids for 24 of 25 contract areas on offer from as many as 40 comp…