Geology & Geophysics
News
June 30, 2016
Fugro has deployed the multi-purpose offshore survey vessel Fugro Gauss to join the Fugro Brasilis offshore Mexico, to help complete the world’s largest seep-hunting survey for TGS.
News
June 29, 2016
TGS has announced the commencement of the Northwest Shelf Renaissance 2D seismic survey offshore northwest Australia. The survey consists of approximately 8,000 km of long offset, broadband 2D seismic data as well as magnetic and gravity data.
News
June 28, 2016
AWE Limited has been advised by Santos, as Operator, that a successful Drill Stem Test (DST) has been conducted on the G Sand reservoir at the AAL-4XST1 appraisal well, offshore Indonesia, achieving an averaged stabilized flow rate of 828 bopd on a 64/64-in. choke over a 9-hr period.
News
June 27, 2016
Europa Oil & Gas has received notification from the UK’s Oil & Gas Authority that the PEDL 143 license in the Weald basin, Surrey, has been extended by two years until Oct. 1, 2018.
News
June 24, 2016
Chancellor Angela Merkel’s coalition is set to ban shale gas fracing in Germany, passing legislation in parliament on Friday that is set to end years of discussion over whether the nation should follow the U.S. in launching a boom in drilling.
News
June 22, 2016
The Obama administration will fight a federal judge’s ruling overturning its effort to regulate hydraulic fracturing on public lands, a decision that struck another blow to the president’s environmental legacy.
News
June 21, 2016
The shale gas revolution brought the U.S. both energy-superpower status and a short list of headaches. There are engineering challenges, many wells have a disappointingly short productive lifetime, and those lifetimes can vary even within the same field.
News
June 21, 2016
Weatherford Labs and Enthought announced that they are participating in the study of a 2,725-ft (830-m) core recovered from the central area of the Chicxulub Crater.
News
June 20, 2016
BUDAPEST, Hungary -- MOL Group made a new oil and gas discovery in the MOL-operated TAL Block in Pakistan, the company said.
News
June 20, 2016
CGG GeoConsulting’s NPA Satellite Mapping group has launched the multi-client EARS BasinMap for exploration de-risking across the vast region of East Africa, from regional-to-prospect or play scale.
News
June 20, 2016
Oil and Natural Gas Corp., India’s biggest explorer, is preparing to spend on its biggest ever crude binge as sub-$50 oil halves the cost of rigs and services.
News
June 17, 2016
Congressman Devin Nunes (CA-22), chairman of the House Permanent Select Committee on Intelligence, introduced a bill in the House of Representatives encouraging the Department of the Interior to advance its plan to sell two leases for energy development in the Arctic.
News
June 17, 2016
Rosneft and BP have signed final binding agreements to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.
News
June 16, 2016
The Libra Consortium has finished drilling and appraising the seventh well in the block. According to Petrobras, the well uncovered the largest net pay ever discovered—410 m—in the Libra Block.
News
June 16, 2016
Chariot Oil & Gas’ wholly owned subsidiary Chariot Oil & Gas Investments (Morocco) Limited has been awarded a 75% interest and operatorship of the Mohammedia Offshore Exploration Permits I - III in partnership with the Office National des Hydrocarbures et des Mines (ONHYM), which holds a 25% carried interest.
News
June 16, 2016
Faroe Petroleum has reported an oil and gas discovery in the Faroe-operated Brasse exploration well in license PL740 in the Norwegian North Sea.
News
June 15, 2016
The embattled crude oil and natural gas industry worldwide has slashed capital spending to a point below the minimum required levels to replace reserves—replacement of proved reserves in the past constituted about 80% of the industry's spending; however, the industry has slashed its capital spending by a total of about 50% in 2015 and 2016.
News
June 15, 2016
Polarcus has received a Letter of Intent from an undisclosed client for an additional broadband 3D marine seismic survey offshore South America.
News
June 14, 2016
For the top 50 largest U.S. E&P companies, revenues and capital expenditures dropped 41% during 2015—the first year since 2004 that EIA-posted monthly WTI spot prices averaged below $60/bbl for the entire 12 months.
News
June 13, 2016
Statoil may seek to partner with Petroleos Mexicanos in Mexico’s deepwater fields as the producer looks to gain a foothold in the country’s recently opened energy market.
