Archives

Mar
8
2013

Apache gauges Egypt Khalda, Abu Gharadig oil, gas

Apache Corp. has completed an oil and gas-condensate discovery on the north flank of the Khalda Ridge producing complex in the Western Desert of Egypt, a country in which the company plans to drill 270 wells in 2013, including more than 60 exploratory wells. Source: Oil Gas Journal  

Mar
8
2013

North Sea Cormorant platform incident shuts down Brent pipeline system

Abu Dhabi National Energy Co. (TAQA) confirmed a hydrocarbon release was detected in one of the Cormorant Alpha platform legs in the northern UK North Sea, adding there was no hydrocarbon release into the sea or air. Source: Oil Gas Journal  

Mar
8
2013

CRS finds US production grew outside federally controlled areas

While US oil and gas production has climbed to its highest level in 2 decades, all of the growth since 2007 has occurred outside federally controlled areas where production actually declined, a recent report from the nonpartisan Congressional Research Service found. Source: Oil Gas Journal  

Mar
8
2013

Colombia: Petrominerales eyes Llanos basin commerciality

Petrominerales Ltd., Calgary, said it resumed production testing in January 2013 at its Tatama horizontal well in Colombia’s Llanos basin, where the company operates the Rio Ariari, Chiguiro Oeste, and Chiguiro Este blocks. Source: Oil Gas Journal  

Mar
8
2013

Johan Sverdrup Jurassic oil test 'best in North Sea'

The result from the latest appraisal well in the Johan Sverdrup area offshore Norway “in terms of reservoir quality of the Volgian reservoir represents one of the best tests ever seen in the North Sea,” said Lundin Petroleum AB, Stockholm. Source: Oil Gas Journal  

Mar
8
2013

Talisman's shale strategy emphasizes Eagle Ford liquids

Talisman Energy Inc. is setting its short-term priority on developing liquids in the South Texas Eagle Ford liquids shale play and also on drilling to hold strategic land positions in some of its dry gas plays, Talisman Pres. and Chief Executive Officer Hal Kvisle said in a Mar. 6 webcast with investors. Source: Oil Gas […]

Mar
8
2013

Saratoga sees more liquids potential at Grand Bay

Saratoga Resources Inc., Houston, has dually completed its QQ-25 Roux Toux well in Main Pass Block 47 field on State Lease 195 in the Gulf of Mexico offshore Louisiana and tied it back to the company’s Grand Bay production facility. Source: Oil Gas Journal  

Mar
8
2013

DNV to evaluate, support development of two dry-tree semis

Det Norske Veritas (DNV) was selected to evaluate and support development of two cost-competitive dry-tree semisubmersible rig concepts for the Gulf of Mexico. Source: Oil Gas Journal  

Feb
16
2013

Will Oil Prices Decide the US Elections?

Before jumping into the question, a recap: In a previous article titled “Is Oil Fueling the Rise in Political Partisanship”, Oil-price.net went on a search to see if rising oil prices had any influence on the behavior of American voters in the period between December 1999 and July 2010. We asked: could discontent sparked by […]

Feb
16
2013

Will Ending Tax Breaks for Big Oil Make a Difference?

The controversial bill proposed by the Democrats to end the substantial tax breaks extended to the major oil companies known as ‘Big Oil’ did not make it. Big Oil commonly refers to the five industry giants – Exxon, Shell, BP America, Chevron, and ConocoPhilips. It is estimated that these companies have garnered profits of about […]

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