Archive for the ‘Reserves’ Category
The Edinburgh-based Cairn Energy PLC-led joint venture offshore Senegal has submitted its development and exploitation plan for the SNE oil and gas field to the Senegalese government, targeting the start of oil production in 2022 and the start of gas p…
BOEM approves Liberty project off Alaska
October 25th, 2018 by Latest News
Hilcorp Alaska LLC has received conditional development and production approval from the US Bureau of Ocean Energy Management for the Liberty oil and natural gas project offshore Alaska. If the company proceeds, the production facility would be the fir…
FAR spuds Samo-1 wildcat offshore Gambia
October 23rd, 2018 by Latest News
FAR Ltd. reported the spudding of its much-anticipated Samo-1 wildcat well on Block A2 offshore Gambia. It is the first well to be drilled in the country’s offshore region for 40 years. The well is being drilled by Stena Drilling’s Stena Drillmax harsh…
Greater Buchan licensing round planned
October 23rd, 2018 by Latest News
The UK Oil & Gas Authority (OGA) plans a supplementary licensing round in the first quarter of 2019 for the Greater Buchan Area in the Outer Moray Firth offshore Scotland.
Survey: Industry optimism for improved credit, shift in challenges faced
October 8th, 2018 by Latest News
A forward-looking view of the financial state of the US energy market, a survey by Haynes and Boone LLP captured optimism by and for the oil and gas industry as participants forecast an increase in available credit and plans predicated on capacity cons…
New Indian blocks due $820 million outlay
October 1st, 2018 by Latest News
Companies awarded 55 blocks in India’s first open-acreage licensing bid round collectively have committed to invest the equivalent of $820 million in exploration, Petroleum Minister Dharmendra Pradhan said at a contract-signing event in New Delhi.
US Rep. Raul M. Grijalva (D-Ariz.), the House Natural Resources Committee’s ranking minority member, and the top Democrats on two of the committee’s subcommittees urged the US Bureau of Land Management to maintain critical wildlife and caribou habitat …
Ecuador’s ongoing Intracampos Licensing Round was designed to attract international investors based upon a switch from service contracts to production-sharing contracts (PSC). The licensing round involves eight onshore exploration blocks in the oil-pro…
US House Democrats express NPR-A oil development concerns to BLM
September 20th, 2018 by Latest News
US Rep. Raul M. Grijalva (D-Ariz.), the House Natural Resources Committee’s ranking minority member, and the top Democrats on two of the committee’s subcommittees urged the US Bureau of Land Management to maintain critical wildlife and caribou habitat …
Novatek hikes Utrenneye reserves estimate
September 20th, 2018 by Latest News
Novatek has discovered two new hydrocarbon deposits and confirmed commercial viability of Middle Jurassic deposits in Utrenneye gas and condensate field with its No. 294 well on the Gydan Peninsula of northern Siberia. The field supports the proposed 1…