Sperry-Sun, a Division of Dresser Industries, Inc., participated in drilling a significant crude oil and natural gas discovery in Anadarko Petroleum Corp.'s subsalt exploration program. This discovery - called Tanzanite - is located in the Gulf of Mexico at Eugene Island South Addition Block 346 in 314 feet of water about 75 miles offshore Louisiana. Anadarko believes the Tanzanite field contains at least 140 million boe. Sperry-Sun provided pressure-while-drilling (PWD) services from 11,000 ft. MD to TVD of 14,350 ft. in drilling the exploration well (the OCS-G 14482 No. 1) and provided full "triple combo" services from 11,800 ft. MD to 13,643 MD. In this latter portion of the well, 450 ft. of continuous hydrocarbon pay were encountered; three additional pay zones totaling approximately 70 ft. of net pay are also present in the wellbore. Sperry-Sun's triple combo services provided the log of record for the hole.
Oil and Natural Gas Corp. (ONGC) plans to invest over $5b to produce 25 million standard cubic meters per day (mmscmd) of gas from its eastern offshore Krishna Godavari fields by 2013. The state-run firm submitted to the regulator Director General of Hydrocarbons an appraisal program of the discoveries it had made in KG offshore basin, putting the in-place reserves at 6.37 Trillion cubic feet (Tcf), industry sources said.
French oil company Elf Aquitaine has announced its U.S. oil and gas subsidiary Elf Exploration Inc. made its second deep offshore oil discovery in the Gulf of Mexico this year. Elf officials said workers made the find at the Matterhorn well in the Mississippi Canyon Block 243, in which Elf Exploration Inc. has a 100 percent working interest. A Global Marine Celtic Sea semi-submersible vessel had drilled the well to a depth of 8,165 ft. and found 370 gross ft
India will announce the auctioning of 80-85 oil and gas blocks for exploration and production in the seventh licensing round under New Exploration Licensing Policy (NELP) in the first week of November. Oil regulator Directorate General of Hydrocarbons (DGH) has carved out 80-85 blocks to be offered for bidding under NELP-VII. The total acreage of the blocks on offer is about 0.4 million square kilometers. Offshore blocks on both east and west coast would be offered
China's CNOOC Limited (NYSE: CEO, SEHK: 0883) announced a deepwater gas discovery on Block 64/11 offshore China after the Lingshui 22-1-1 exploration well drilled by its partner, BG Group (BG) , encountered gas-bearing sands.The exploration well is located in Qiongdongnan Basin in the South China Sea, approximately 130 kilometres offshore and in a water depth of 1,338 metres. BG will conduct further analysis of the well results to evaluate the hydrocarbon potential in the Block. Mr
Norwegian oil firm Statoil has made a small gas discovery in the Arctic, near its Johan Castberg oil discovery, the Norwegian Petroleum Directorate said on Friday. The find contains between 1 and 2 billion standard cubic metres of recoverable gas, it said. Statoil's partners are Eni of Italy and Norwegian state-owned firm Petoro. Reporting by Gwladys Fouche
World demand for natural gas could grow by 3% a year over the next 15 years, with demand for liquefied natural gas (LNG) growing much faster, Executive Director Gas & Power of Shell Linda Cook reported at the SPE Technical Conference in Dallas. This will require massive investment. Innovative technology will be needed to maximise recovery from existing resources and lower the cost of developing new ones. Gaining access to resources will require adding real value for resource holders
Texaco replaced 166 percent of its 1998 worldwide combined oil and gas production, excluding purchases and sales. Texaco's proved oil and gas reserves increased eight percent during 1998 to nearly 4.7 billion barrels of oil equivalent (BOE), the largest proved reserve base for the company since 1985. These reserves are comprised of 3.6 billion barrels of liquids and 6.5 trillion cubic ft. of natural gas. Worldwide finding and development costs in 1998 were $3
The lure of higher oil and gas prices has pushed the number of rigs exploring for oil and natural gas in the United States to a 10-year high, stretching the drilling industry close to its limits. The domestic rig count reached 1,163 during the week ending March 23 - the highest number since December 10, 1990 - when 1,179 rigs were in use, according to oil services firm Baker Hughes Inc. Spurred by record gas prices and the biggest oil market boom for two decades, independent U.S
In its annual Activity Survey for 2014, trade association Oil & Gas UK says only 15 exploration wells were drilled in 2013, according to figures from the Department of Energy & Climate Change (DECC), continuing a steep downward trend. Exploration over the past three years has been at its lowest in the history of the UK Continental Shelf (UKCS) and in 2013 replaced just 80 million barrels. Oil & Gas UK chief executive, Malcolm Webb
Russia's Energy Minister Alexander Novak will intervene with Gazprom to raise reduced gas shipments to Slovakia to contracted levels, Slovakia's economy ministry said on Wednesday after bilateral talks in Moscow. Slovakia says natural gas flows to its national importer SPP have been reduced by
Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Thursday. SOCAR said that one of the platforms collapsed during repair works and a small wagon-house fell
GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5
The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction and operation of offshore deepwater export facilities. The agency is proposing to use the existing Deepwater Port License
Energy demand in South East Asia is expected to grow at twice the rate of the rest of the world. DNV GL has appointed Arve Johan Kalleklev regional manager for Oil & Gas in South East Asia just as the company is establishing a dedicated LNG and Gas Consulting unit in Singapore
Norwegian Arctic discovery could be game changer; Lundin Petroleum shares rise 7 percent. Noreco, Det Norske shares also rise on news. Swedish oil firm Lundin Petroleum has made a big oil and gas discovery in the Norwegian Arctic, sending its shares more than 7 percent higher and raising hopes
Norway's Statoil has found more gas offshore Tanzania, increasing its total for an eventual investment decision on a liquefaction plant with Britain's BG Group, which operates neighboring exploration blocks, it said on Tuesday. Statoil found another 1
To meet the rapidly growing demand for a wide variety of LNG related services, DNV GL has established a group of LNG experts in North America. In addition to deep LNG expertise, the Houston-based “LNG Solutions Group - Americas” is also experienced in all business
Statoil President and CEO Helge Lund has informed the company's board of directors that he will resign. Helge Lund has chosen to leave Statoil to take up the position as CEO of another international oil and gas company. The board of directors has appointed Eldar Sætre as acting president
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that the bureau will offer 40 million acres offshore Louisiana
Leading classification society ClassNK announced that it has released Guidelines for Exhaust Gas Cleaning Systems. These guidelines cover class safety requirements as well as safety requirements stipulated in the IMO guidelines.
Natural gas-fueled engines, touted as a clean, low-cost alternative to diesel, continue to struggle for acceptance in the U.S. transportation sector despite a surge in gas production that has sent the alternative fuel's domestic price plunging.
A day before President Barack Obama addressed the United Nations to declare the nation is "stepping up to the plate" to tackle climate change, nearly 400,000 protesters jammed New York City streets in a climate change march. Many held signs calling for an end to fracking.
Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have already invested billions of dollars in long-term contracts. The 26 percent price slide since June to $85 a barrel exposes cracks in
FortisBC – a subsidiary of Fortis Inc. has officially started construction of its $400 million Tilbury LNG Facility expansion project today. The company is adding 1.1 million gigajoules of liquefied natural gas (LNG) to storage and 34,000 gigajoules per day of liquefaction capacity