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Gas Find News

07 Jun 2022

Israel-Lebanon Sea Boundary Row Obstructs Energy Development

Credit: wavemovies/AdobeStock

A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes.After months of deadlock in U.S.-mediated talks, Beirut on Sunday warned against any activity in the disputed area, responding to the arrival of a vessel to develop a field for Israel. Lebanon has said the field in question, Karish, is in disputed waters. Israel denies this.Here's what you need to know about the standoff:WHAT'S AT STAKE?Gas - potentially a lot of it.Lebanon and Israel are located in the Levant Basin…

17 Feb 2022

CGX Energy to Start Dredging, Dock Construction for Port in Guyana

©Zerophoto/AdobeStock

Canada-based oil company CGX Energy OYL.V will begin dredging and building the docks of a key deepwater port at Berbice, in eastern Guyana, planned to serve the South American nation's oil and agriculture sectors, the firm's chairman said on Wednesday.CGX Energy unit Grand Canal Industrial Estates in 2010 acquired a 50-year lease for a 55-acre parcel strategically located near the Berbice River for the project. When complete, it would become Guyana's third oil port and its only deepwater facility."The construction of docks and dredging will begin very shortly…

09 Apr 2019

Oil & Gas Discoveries on the Rise in 2029

Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.Global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil equivalent (boe). Most of the gains were recorded in February, posting 2.2 billion barrels of discovered resources – the best monthly tally on record since August 2015.“If the rest of 2019 continues at a similar pace, this year will be on track to exceed last year’s discovered resources by 30%,” says Taiyab Zain Shariff, Upstream Analyst at Rystad Energy.ExxonMobil was the most successful, with three significant offshore discoveries accounting for a whopping 38% of total discovered volumes.

08 May 2016

Mozambique's Tuna Fleet Rusts as an African Success Story Fades

The 24 fishing boats rusting in the harbour of Mozambique's capital were meant to be a modern tuna fleet that would rake in hard currency, create jobs and provide a cheap source of protein for one of the world's poorest countries. Instead, they have become monuments to government mismanagement and heavy lending by Western banks that have buried a promising African economy in a deep debt crisis. The boats, moored in the harbour of Maputo, were paid for out of an $850-million loan arranged in 2013 by Credit Suisse and Russia's VTB to finance "fishing infrastructure". The cash came in the form of a government-backed bond to state tuna-fishing company Ematum.

10 Oct 2014

Statoil Makes Gas Find in Arctic

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

17 Sep 2014

Ophir Makes Equatorial Guinea Gas Find

Ophir Energy plc announced that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. The Silenus East-1 well was drilled by the Vantage Titanium Explorer drillship within the thrust belt area of Block R. A 67m gross gas column was encountered in the primary target with high quality reservoir in line with pre-drill expectations. The well was deepened to test a secondary high risk oil target and encountered high quality, but water-wet, reservoirs with weak oil shows. This play remains of interest to Ophir and will be further evaluated on the Block. The drillship has now moved to complete the Fortuna-2 appraisal well, where Ophir will conduct the first flow test in Block R.

16 Jul 2014

China Studies Floating Gas Plants for South China Sea

Photo: CNOOC

Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea. While the state-run company has made no public announcement, a pre-feasibility study was well under way, CNOOC and other industry officials said. CNOOC was already talking to global engineering firms about possible joint design of the vessel, two industry officials added.

29 Apr 2014

Offshore Energy Timeline:1806-2014

1806  - Spring pole cable drilling developed in US. 1844  - Fluid circulating rotary well drilling patented in England. 1845  - Circulated fluid used to remove drill cuttings for first time. 1860  - Fluid circulation rotary diamond coring drill developed in France. 1869 – T homas Fitch Rowland  patents  a “submarine drilling apparatus,” a fixed, working platform for drilling offshore to a depth of almost 50 feet. The anchored tower had telescoping legs, similar to modern offshore platforms. 1878  - First bulk oil tanker begins operation in the Caspian Sea. 1891  - First ocean-going tanker launched. 1897  - Wells drilled off piers in Summerland, Calif. 1905 – Oil discovered in the Caddo Pine Island field in Lousiana. 1911  -  Gulf Refining Co.

17 Aug 2010

Chevron Natural Gas Find in Australia

Chevron Corp. announced further drilling success in the Carnarvon Basin offshore Western Australia, Australia's premier hydrocarbon basin. The Acme-1 exploration discovery well is located in the WA-205-P permit area offshore Western Australia approximately 93 miles (150 km) from Onslow. Drilled in 2,880 feet (878 m) of water to a depth of 15,469 feet (4,715 m), the well encountered approximately 896 feet (273 m) of net gas pay. George Kirkland, vice chairman, Chevron, said, "In terms of net gas pay, Acme-1 is one of our most significant natural gas discoveries in Australia. Jim Blackwell, president, Chevron Asia Pacific Exploration and Production, said, "We are realizing the opportunities we have as a leading lease holder in the Carnarvon Basin.

20 Jul 2009

New Gas Find in the Norwegian Sea

Gas has been proven by StatoilHydro in exploration well 6507/3-7 Idun North in the Norwegian Sea. Currently being completed, the well is located two kilometres northwest of the Idun find and 12 kilometres north of the Skarv find. The purpose of the well was to prove petroleum in the “Fangst” and “Båt” groups in middle and lower Jurassic rocks. The well proved gas in the “Fangst” group. The underlying “Båt” group was filled with water. “Based on preliminary calculations, the size of the find is estimated at between 0.6 and 3 billion standard cubic metres (Sm3) of recoverable gas,” said Knut Harald Nygård, who is heading StatoilHydro’s exploration activities near existing fields in shallow waters in the northern part of the Norwegian Sea.

16 Oct 2008

Promising Gas Discovery in the Norwegian Sea

StatoilHydro has concluded the drilling of exploration well 6707/10-2S in the . Gas was confirmed in a reservoir with good production qualities. The well was drilled in production license 218, which is located south-east of the Luva gas find and 280 kilometers west of Sandnessjøen in mid-Norway. StatoilHydro is the operator of the production license. The purpose of the well was to confirm gas in reservoir rocks from the Late Cretaceous age in a prospect called Haklang. A 127-metre long gas column was proven in a reservoir with good production qualities.

05 Jun 2007

Irish Offshore Spending to Hit $134.6m

Up to $134.6m will be spent on the Irish offshore this year as part of the busiest drilling program offshore Ireland in decades, according to a report in the Independent. With the Corrib partners completing a total of five production wells on the Corrib gas find, the program is also scheduled to include drilling on the Old Head of Kinsale gas find by Island Oil and Gas, as well as the Hook Head prospect, where Providence is the operator. Providence is scheduled at the beginning of August to start a 50-day drilling program over Hook Head in the Celtic Sea, a drilling campaign designed to test a structure on which two previous wells have discovered hydrocarbon bearing sands.

05 Oct 2006

Exxon Mobil Plans to Drill Wells in Indonesia

Exxon Mobil plans to drill three exploratory wells in an Indonesian offshore oil block over the next three years, a company official said on Wednesday. Exxon Mobil signed an oil contract with the Indonesian government last month 2,062 sq mile of the offshore Surumana block in the Makassar Straits. The government had said that in the case of Surumana, any oil find would be split 65:35 percent between government and contractor. Meanwhile, any gas find would be split 60:40 percent. Officials say Indonesia still has around 4.1 billion barrels of proven oil reserves and about 4.5 billion barrels in potential reserves. Currently Exxon Mobil has several oil and gas working areas in Indonesia, including in Cepu block on Java island.

24 Sep 1999

Major Shallow Water Oil and Gas Find

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.