Discoveries & Formations

Source: World Oil

TotalEnergies kicks off production from Nigeria’s Ikike gas field

World Oil


TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), has announced the start of production from the Ikike field, in Nigeria.

 

Located 20 km (12 miles) off the coast, at a depth …

Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million

Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million

Oil and Gas 360


Publisher’s Note: Earthstone Energy, Inc. will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022 in Denver. Register to attend.

THE WOODLANDS, TexasJune 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: …

Source: World Oil

Shell to develop Crux natural gas field offshore Western Australia

World Oil


Shell Australia and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural …

Source: Reuters

Exxon declares force majeure on Russian Sakhalin-1 operations

Yahoo Finance


Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.

The …

Source: World Oil

Murphy Oil strikes first oil from new Gulf of Mexico project

World Oil


(Bloomberg) — Murphy Oil Corp. has begun producing oil from a new deepwater Gulf of Mexico project, months ahead of schedule.

The offshore and shale oil producer on Tuesday said its King’s Quay floating production platform started generating …

Source: Reuters

Santos dispute with ConocoPhillips snags Alaska oil project, stake sale

World Oil


Australia’s Santos Ltd. is locked in a dispute with ConocoPhillips over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both companies to the U.S. state’s government.

The dispute could also …

Source: Reuters

Shell Trinidad and Tobago delivers first gas from Colibri project

World Oil


Shell Trinidad and Tobago (through BG International, a subsidiary of Shell plc) announced that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago.

The start-up of Colibri follows …

Source: Reuters

Exxon drills dry hole in setback to Brazilian oil exploration

World Oil


(Bloomberg) — Exxon Mobil Corp. drilled a so-called dry hole off the Brazilian coast, a rare setback in the oil titan’s effort to expand its South American crude reserves.

 

The Cutthroat exploratory well failed to find significant …

Source: Bloomberg

Exxon to hand Russian oil-project stake to Rosneft, partners

World Oil


Source: Reuters

TotalEnergies announces significant oil and gas discovery in Block 58

World Oil


TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and …

Source: Reuters

EXCLUSIVE Brazil has oil. Exxon can’t seem to find it

Yahoo Finance


HOUSTON – Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future.

 

But five years into its comeback, the U.S. oil …

Source: Bloomberg

Exxon joins Chevron in Permian oil surge as peers preach caution

World Oil


Canadian Overseas Petroleum Ltd announces significant U.S. discovery

Canadian Overseas Petroleum Ltd announces significant U.S. discovery

World Oil


Canadian Overseas Petroleum Limited, an international oil and gas exploration, production and development company with operations focused in Wyoming, USA, announced a significant conventional light oil discovery at its Wyoming asset. In addition, COPL provides an operational update …

Source: Oil Now

BREAKING: Guyana scores big again as Exxon hits two more discoveries

Oil Now


ExxonMobil and the Government of Guyana today announced two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

 

The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The …

Source: shell.com

Shell signs gas concession agreement for Block 10 in Oman’s Saih Rawl field

World Oil


Shell Integrated Gas Oman BV, a subsidiary of Royal Dutch Shell plc, along with its partners, OQ and Marsa Liquefied Natural Gas LLC, have signed a concession agreement with the Ministry of Energy and Minerals on behalf of …

Source: Reuters

Guyana relaxes proposed local content terms in oil bill draft

Reuters


Guyana’s government on Thursday delivered to the National Assembly the draft of a local content bill that will regulate its nascent oil industry, proposing requirements beginning at 5% by the end of 2022 for activities to be carried out …

Sour Reuters

Eni oil block expected to enter production in Q2 2023, Ivory Coast says

Reuters


ABIDJAN — An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the …

Source: Reuters

Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister

World Oil


(Bloomberg) –Halliburton Co. and Exxon Mobil Corp. are in talks over the latter’s attempt to sell a stake in the huge West Qurna-1 oil field in southern Iraq, according to the country’s energy minister.

Iraq wants a U.S. …

Source: Reuters

Chevron, Equatorial Guinea sign production sharing contract for Block EG09

World Oil


JOHANNESBURG, SOUTH AFRICA — Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09, located in the Douala basin on the border of Cameroon.

Representing a notable achievement for both Chevron as it moves …

Source: Nasdaq

Equinor makes its 6th Norwegian oil discovery of 2021

Nasdaq


OSLO, Nov 1 – Equinor EQNR.OL has made an oil discovery estimated to hold up to 62 million barrels of crude off the coast of Norway, the energy major said on Monday.

The discovery, just north of the Tyrihans …

Source: Reuters

Judge voids ConocoPhillips Alaska project approved by Trump

World Oil


Source: Reuters

ExxonMobil makes new discovery off Guyana’s coast

Nasdaq


Exxon Mobil Corp XOM.N said on Wednesday it has made a new discovery at Longtail-3 in the Stabroek Block offshore Guyana, as the U.S. oil major develops one of the world’s most important new oil and gas blocks in …

Source: Reuters

Biden administration backs Alaska oil drilling project approved under Trump

Reuters


U.S. President Joe Biden’s administration defended on Wednesday a proposed ConocoPhillips (COP.N) oil development in Alaska, backing the drilling project which was approved under the administration of former President Donald Trump.

“A Wednesday filing by the U.S. Department of …

Source: Reuters

Kaieteur Block – Cataleya Energy Ltd. 5% farm-down to Hess Corporation

Westmount Energy release

Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF), is pleased to note the announcement by Ratio Petroleum Energy Limited Partnership (“Ratio Petroleum”) yesterday, that Hess Corporation (“Hess”) has increased its working interest (“WI”) in the Kaieteur

Canacol Energy Ltd. announces prospective resources report for two shale oil blocks in the Middle Magdalena Basin, Colombia

Canacol Energy Ltd. announces prospective resources report for two shale oil blocks in the Middle Magdalena Basin, Colombia

CALGARY, Alberta, April 21, 2021 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the …

Source: Reuters

Equinor makes small oil and gas discovery at Norway’s Tyrihans field

Reuters


OSLO- Equinor has discovered more oil and gas at its Tyrihans field in the Norwegian Sea, the company said on Wednesday.

The discovery contains between 19 million and 26 million barrels of oil equivalent (boe) of recoverable resources, which …

Talos Energy announces successful exploration results at Puma West

Talos Energy announces successful exploration results at Puma West

Oil and Gas 360


HOUSTON, April 13, 2021 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE:TALO), along with affiliates of bp plc (“bp”) and Chevron U.S.A. Inc. (“Chevron”) (collectively, the “Co-Owners”) today announced successful drilling results from the …

Source: Reuters

Commentary – China’s control of rare earth minerals another challenge for President-elect Biden

Capital Gazette


Publisher’s Note:

Arcadia Minerals, Inc. (AMI), owner of two advanced stage critical minerals deposits in Wyoming, has engaged EnerCom Inc. to assist in identifying potential joint-venture partners or buyers for its properties.

Critical and rare earth minerals are

December 8, 2020 - 3:30 pm China, Closing Bell Story‎, Discoveries & Formations
Wildcat drilling at it’s best – Gas discovery southwest of the Skarv field in the Norwegian Sea

Wildcat drilling at it’s best – Gas discovery southwest of the Skarv field in the Norwegian Sea

Norwegian Petroleum Directorate

11/11/2020 ConocoPhillips Skandinavia AS, operator of production licence 1009, has concluded the drilling of wildcat well 6507/4-1.

The well was drilled about 27 kilometres southwest of the Skarv field in the central part of the Norwegian Sea …

Gazprom obtains record-high gas inflow on Kara Sea shelf –

Gazprom obtains record-high gas inflow on Kara Sea shelf –

360 Feed Wire

Another set of tests has been performed in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas production center. Earlier, the well helped discover a new deposit in the lower levels.…