Worldwide Energy News

December 28, 2007

Euroil Cameroon Inc. secures Bomono permit - Cameroon
Bowleven subsidiary Euroil has been awarded a Production Sharing Contract (PSC) covering the 2,328 sq km Bomono Permit, comprising Blocks OLHP-1 ... more

December 28, 2007

SRAK spuds fourth well in Contract Area 2 - Saudi Arabia
The South Rub Al Khali Company (SRAK), comprising Shell (40%), Total (30%) and Saudi Aramco (30%), is preparing to drill the Kidan North Deep ... more

December 27, 2007

Bid round possible for 3rd quarter 2008 - Honduras
The Honduran government could launch a hydrocarbons E&P round in the third quarter of 2008. Impetus was gained for the round following the resolution ... more

December 26, 2007

Heritage Oil awarded acreage off Malta
The government of Malta has awarded acreage formerly held by TGS-Nopec to Calgary-based Heritage Oil. The 9,190 sq km Area 2 and 8,778 sq km ... more

December 26, 2007

Pan Orient Energy tests onshore Thailand well for 3,940 bo/d - Thailand
A record has been set for the highest oil flow rate at an onshore Thailand well by Pan Orient Energy in the Na Sanun East (NSE) field. ... more

December 25, 2007

Chevron to lend expertise to major gas project in Sichuan Basin - China
A 30-year Production Sharing Contract has been signed by Chevron (49%) and CNPC (51%) that lays the groundwork for the development of the Chuandongbei ... more

December 25, 2007

SN Invest to exploit the volatile Kumzhinskoye field - Russia
Little known SN Invest has emerged as the winner of the auction for the rights to further appraise and develop the Kumzhinskoye gas-condensate ... more

December 24, 2007

Iceland looking toward 2009 oil and gas bid round
Another frontier may open in the Arctic as the government of Iceland has approved a proposal to offer exclusive licenses for oil and gas exploration ... more

December 24, 2007

ExxonMobil moves ahead with Kipper field development - Australia
With costs currently pegged at just over US$ 1 billion, the ExxonMobil-led joint has approved the development of the Kipper gas field in VIC/L25, ... more

December 21, 2007

Sintezneftegaz plans first quarter 2008 start for first well - Namibia
The Sintezneftegaz joint venture operating Block 1711 offshore Namibe Basin remains on schedule for a first quarter 2008 start of a two-well ... more

December 21, 2007

PDVSA to sign agreement with Belarusneft - Venezuela
PDVSA is planning to sign an agreement with Belarus' Belarusneft forming a joint venture of oil services as part of the bilateral agreements ... more

December 20, 2007

LNG regasification facility agreement signed - Uruguay
An agreement has been signed between Argentina and Uruguay on 7 December 2007 for the development of a liquefied natural gas (LNG) regasification ... more

December 20, 2007

Murphy drilling deepwater wildcat offshore Sabah - Malaysia
The first of two back-to-back wells has been spudded by Murphy Oil in the Outboard Belt, offshore Sabah. Diamond Offshore's "Ocean Rover" S/S ... more

December 19, 2007

Repsol-YPF makes large gas discovery in Bolivia
Illustrating the vast potential of troubled Bolivia, Repsol-YPF has tested a discovery flowing 28.25 MMcf/d and 900 bc/d with a shut-in tubing ... more

December 19, 2007

Oil Search acquires its first acreage in Tunisia
As part of its new ventures strategy to expand its exposure to upstream E&P projects outside of its Papua New Guinea core area, Oil Search has ... more

December 18, 2007

Indian Government finally launches NELP VII
Despite several false starts, the Indian Government finally launched the Seventh Round of the New Exploration Licensing Policy (NELP VII) on ... more

December 18, 2007

Oil Search to spud NW Paua 1 soon – Papua New Guinea
Oil Search is expected to spud its NW Paua 1 exploration well shortly in PPL 233 about 5km north-east of the Moran oil field. ... more

December 17, 2007

Fairfield Energy considering additional drilling in abandoned oil field – United Kingdom
Having successfully extended the Triassic reservoir in the Crawford field, Fairfield Energy and its partners may implement a wider drilling program ... more

December 17, 2007

Russia lists 32 gas fields as strategic assets
While specific details have yet to be established, the Russian government has issued a list of strategic natural gas assets that so far includes ... more

December 14, 2007

Repsol-YPF to test Ucayali Basin wildcat near Camisea - Peru
Repsol-YPF is drilling at a true vertical depth of 2,341m at a wildcat in Block 57 of the Ucayali Basin. ... more

December 14, 2007

Petrolifera continues success in Argentina, planning 69 wells in 2008
Light gravity crude flowed at the rate of about 1,500 b/d at a well drilled by Petrolifera Petroleum in the Rinconada-Puesto Morales Production ... more

December 13, 2007

Verenex Energy reports ongoing Area 47 success - Libya
The Ordovician in the Tazhong slope of the central Tarim Basin has been successfully tested by PetroChina. ... more

December 13, 2007

Verenex Energy reports ongoing Area 47 success - Libya
Canadian explorer Verenex has made a fourth consecutive discovery in Area 47 in the Ghadames Basin and the testing of further wells is underway. ... more

December 12, 2007

Nine onshore Taranaki Basin tracts offered - New Zealand
At the beginning of December 2007, Associate Energy Minister Harry Duynhoven opened one of the largest onshore blocks offers in recent years. ... more

December 12, 2007

Progress in demarcating the Iran-Kuwait maritime border?
Iran hopes to resolve a long-standing maritime border dispute with Kuwait by the end of 2007, according to media reports quoting Iranian Foreign ... more