Archive for the ‘Reserves’ Category
CGG of Paris started acquisition of a high-density, rich-azimuth, towed-streamer multiclient survey in the UK West Shetland basin covering 3,600 sq km. The Oceanic Vega and the Geo Caribbean are being deployed.
Elections have consequences
September 17th, 2018 by Latest News
With Labor Day weekend already a weeks-old memory, the US Nov. 6 midterm elections are fast approaching. Early voting in Texas starts in just 5 weeks, Oct. 22.
Estimates raised for offshore NL resources
September 7th, 2018 by Latest News
Assessed exploration and development potential offshore Newfoundland and Labrador has jumped with new resource estimates for parcels offered in a current license round. New resource totals are 49.2 billion bbl of oil and 193.8 tcf of natural gas, refle…
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.
OGJ100 companies report higher 2017 earnings on stronger oil prices
September 3rd, 2018 by Latest News
Oil & Gas Journal’s look at the leading 100 oil and gas producing companies based outside the US allows for comparison of the size and results of the entities for which financial results and production and reserves data are available.
The OGJ150 group of oil and gas producers recorded dramatically improved 2017 financial results compared with results from a year earlier, buoyed by stronger crude oil and gas prices.
ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. encountered 197 ft of high-quality, oil-bearing sandstone following the drilling of the Hammerhead-1 well offshore Guyana, proving a new play concept for potential development.
The government of Gambia has granted approval for the farmout by FAR Ltd., Perth, of two offshore exploration blocks to Malaysian state firm Petronas. Petronas will take a 40% interest in contiguous offshore petroleum licences A2 and A5 in return for f…
Nova Scotia-Morocco research MOU signed
August 21st, 2018 by Latest News
The Offshore Energy Research Association of Nova Scotia and National Office of Hydrocarbons and Mines of Morocco have signed a memorandum of understanding for cooperative research of petroleum resource potential. The MOU envisions studies comparing rec…
Zangeneh: Total has ‘officially left’ Iran
August 20th, 2018 by Latest News
Total has “officially left” Iran under threat of US sanctions, according to the Islamic Republic’s oil minister. Radio Free Europe/Radio Liberty said the minister, Bijan Namdar Zangeneh, told state television the French company had withdrawn from its c…