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Oil & Gas Exploration News
December 12, 2008
Petrobras begins production in Marlim Leste - Brazil
A deepwater oil field discovered in the Campos Basin more than 20 years ago has been brought onstream by Petrobras. The FPSO "P-53" in the Marlim ... more
December 12, 2008
ALNEFT withdraws Ahnet permit from bid round - Algeria
Licensing agency ALNAFT reports that upon analysis of the offers received and following requests of companies relating to contractual terms it ... more
December 11, 2008
Murphy to begin Kikeh gas production prior to year-end - Malaysia
Associated gas production is expected to begin shortly from Murphy Oil's Kikeh field in deepwater Block K, offshore Sabah, after start up was ... more
December 11, 2008
Ministers hint at second round - Iraq
Even though the country’s first licensing round has yet to be concluded, oil minister Hussein al-Shahristani, speaking on the sidelines of an ... more
December 10, 2008
President Calderon signs energy reform bills - Mexico
As November 2008 came to a close, seven energy reform bills were signed into law by Mexican President Felipe Calderon.~LT~br /~GT~ ... more
December 10, 2008
Melrose to study Galata gas storage potential - Bulgaria
Melrose Resources signed a Memorandum of Understanding with Bulgargaz the Bulgarian state-owned gas utility late 2007 under which the two companies ... more
December 9, 2008
Woodside to redevelop the CWLH fields - Australia
The Woodside-operated Cossack, Wanaea, Lambert and Hermes (CWLH) joint venture has approved the US$ 1.15 billion redevelopment of the fields, ... more
December 9, 2008
ONGC to fast track KG oil discovery - India
ONGC has encountered more than 55m of net oil pay at an offshore wildcat drilled on Block IG in the Krishna-Godavari Basin. The G-4-6 (G-4-AF) ... more
December 8, 2008
Oil exports and production both continue falling - Russia
Energy Ministry data released early in December 2008 showed that November oil exports fell to their lowest level since 2004 as firms cut supplies ... more
December 8, 2008
ExxonMobil farms into Petrom's deepwater acreage - Romania
ExxonMobil has signed an agreement with Petrom SA to help explore the deepwater portions of the Neptun Block in the offshore Romania portion ... more
November 28, 2008
Kazmunaygaz and Socar working on Caspian Transportation System - Kazakhstan
The State energy companies of Azerbaijan and Kazakhstan, Socar and KazMunaiGas, respectively, have agreed on the basic principles of a project ... more
November 28, 2008
ExxonMobil to explore deep waters offshore Turkey
The deepwater Black Sea is getting another major player now that ExxonMobil and Turkiye Petrolleri A.O. (TPAO) have signed an agreement to explore ... more
November 27, 2008
Sapetro finally to drill Block 1 - Benin
Since 2006 Nigerian explorer South Atlantic Petroleum Ltd (Sapetro) has voiced intentions to drill near-field exploration in Block 1, around ... more
November 27, 2008
Gulfsands finds oil in Yousefieh 1 - Syria
Having earlier reported oil shows in the Cretaceous, Gulfsands Petroleum has now concluded the Yousefieh 1 new field wildcat in Block 26, north-east ... more
November 26, 2008
Rift Oil Plc upgrades PPL 235 reserves – Papua New Guinea
Around the middle of November 2008, Rift Oil revealed the results of a new structural interpretation and resources estimate for PPL 235 based ... more
November 26, 2008
Sterling scores at first well in northern North Sea – United Kingdom
A 34m oil column has been encountered in the Upper Jurassic at a wildcat operated by Sterling Resources on the Cladham prospect ... more
November 25, 2008
Sinopec well demonstrates potential of Yuanba area - China
Sinopec has penetrated a reservoir at a Sichuan Basin outpost that is said to be much better than that in the Yuanba 2 discovery. ... more
November 25, 2008
Argentina proposing tax breaks for oil and gas companies
Argentine President Cristina Fernandez de Kirchner has introduced a new program to give tax breaks to oil and gas companies that either increase ... more
November 24, 2008
Nexus awarded 100% stake in WA-424-P - Australia
Nexus Energy has been awarded exploration permit WA-424-P, in the Browse Basin, offshore Western Australia, a move that is seen as strengthening ... more
November 24, 2008
Iceland and Norway sign bilateral agreement
In anticipation of Iceland's planned licensing round, the foreign ministers of Iceland and Norway have signed a bilateral agreement on cross-boundary ... more
November 21, 2008
ENI sticks with offshore option for Goliat - Norway
Eni has now confirmed that it has submitted the Impact Assessment plan for Goliat and that oil production will be through subsea wells linked ... more
November 21, 2008
Seismic focus off Western Australia
Geoscience Australia began acquiring 619km of 2D seismic over vacant acreage in the Gawler, Officer, Musgrove and Amadeus basins, on 3 November ... more
November 20, 2008
DWM Petroleum AG gains more onshore acreage - Albania
DWM Petroleum, a wholly owned subsidiary of Switzerland based Manas Petroleum, has signed Production Sharing Contracts (PSC) for Blocks 2 and ... more
November 20, 2008
Hints of windfall tax impacts NELP VII - India
A report in the Economic Times of India suggests India's Petroleum Ministry has informed the Prime Minister's Office that it is considering the ... more
November 19, 2008
Encouraging response to 2008 Bid Round - Colombia
Colombia’s state licensing agency National Hydrocarbon Agency (ANH) has announced the results from the 2008 Colombia bid round. ... more
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