Discoveries & Formations

Source: Forbes

The Oil And Gas Situation: Bleak In The U.S., Surprisingly Positive In Latin America

Forbes


How bad is the situation for the oil and gas industry in the U.S. right now? Let’s take a look at some compelling recent data points:

CNOOC Limited Announces A Large-sized Discovery Kenli 6-1 in Bohai

March 16, 2020 - 5:23 am Discoveries & Formations, Press Releases
GEOPARK announces new gas field discovery CHILE

GEOPARK announces new gas field discovery CHILE

Oil and Gas 360


Oil and Gas 360 Publishers Note: GeoPark is presenting at EnerCom Dallas The Energy Investment Conference on Wednesday, Febuary 12, 2020 at 10:05am (MST). Please sign up to attend, all of our presentations will be streamed

Source: Reuters

Mexico’s Pemex wants to operate Zama as its block holds most of the oil

Reuters


MEXICO CITY – Mexican state oil company Petroleos Mexicanos would like to run the operations in a major offshore oil area discovered by a consortium of private companies when development eventually begins, the company’s chief executive said on Wednesday.…

Source: Houston Chronicle

Hess bucks trend on spending because of Exxon-led Guyana growth

Houston Chronicle


As most of the oil industry cuts back on spending, Hess Corp. said Tuesday it will allocate more money this year to its growth in the tiny South American country Guyana.

After the Exxon Mobil-led partnership with Hess …

Source: Reuters

Exclusive: Guyana opening search for oil firm to trade its crude – official

Reuters


GEORGETOWN – Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in …

Source: Houston Chronicle

Climate change also poses a threat to oil’s exploration budgets, report finds

Houston Chronicle


The growing threat of climate change and the evolving transition toward cleaner energy alternatives are threatening spending on traditional oil and gas exploration worldwide, according to a new report.

The largest energy companies are reducing exploration budgets and …

Source: Houston Chronicle

Exxon Mobil labeled ‘explorer of the year’ as global discoveries reach 4-year high

Houston Chronicle


Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.

Energy companies discovered about 12.2 billion …

ExxonMobil discovers oil offshore Guyana at Mako-1 Well

ExxonMobil discovers oil offshore Guyana at Mako-1 Well

(BUSINESS WIRE)


ExxonMobil (NYSE:XOM) said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated …

BP confirms ‘world-class’ gas resources offshore Mauritania and Senegal

BP confirms ‘world-class’ gas resources offshore Mauritania and Senegal

LNG World News



BP’s recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed the world-class scale of the gas resource in the region.

BP confirms ‘world-class’ gas resources offshore Mauritania and Senegal - oilandgas360BP said on Monday that the three appraisal wells drilled this year, GTA-1, Yakaar-2, and …

New maps of the Delaware Basin's Bone Springs

EIA updates geologic maps of the Delaware Basin’s Bone Spring formation ›

EIA


New maps and geologic information for the Bone Spring play in the Delaware Basin from EIA.

The U.S. Energy Information Administration (EIA) has released new maps and geologic information for the Bone Spring play in the Delaware Basin, which …

December 4, 2019 - 11:45 am Discoveries & Formations, EIA News That Matters
Source: Reuters

Equinor to drill 30-40 exploration wells and target Brazil in 2020

Reuters


OSLO – Norway’s Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a “hotspot” of its international efforts, the company’s exploration head said on Tuesday.

The company will drill …

GeoPark continues finding new opportunities in Colombia

GeoPark continues finding new opportunities in Colombia

GeoPark announces new oil field discovery along western fault trend in Llanos 34 Block in Colombia

GeoPark continues finding new opportunities in Colombia - oil and gas 360

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth …

Source: Qatar Petroleum

Qatar Petroleum Partners with Total in Africa, South America

By Tyler Losier, Energy Reporter, Oil & Gas 360

Qatar Petroleum signs agreement to farm Total-held exploration acreage in Namibia, Guyana and Kenya
Qatar Petroleum (QP), Qatar’s state-owned energy company, has signed an agreement with French supermajor Total SA (stock

Source: Ecopetrol

Ecopetrol Reports Discovery

Ecopetrol reports discovery of crude in Boranda-2 ST well at Rionegro, Santander

Source: EnscoRowan

Talos Completes Zama Appraisal

By Tyler Losier, Energy Reporter, Oil & Gas 360

Third and final appraisal well drilled, FID expected by 2020
Talos Energy Inc. (stock ticker: TALO), an independent E&P headquartered in Houston, has completed its Zama appraisal program in Block 7

Vaca Muerta Basin Gets Green Light from Oil Major

Vaca Muerta Basin Gets Green Light from Oil Major

ExxonMobil to proceed with long-term development, two-phase attack in South American shale play
Tuesday morning, ExxonMobil (stock ticker: XOM) announced its plans to proceed with the long-term development of its assets in the Vaca Muerta basin in Argentina’s Bajo del

Source: Arrow Exploration

Two New Discoveries in Colombia

Arrow Exploration Corp.
Arrow Exploration Corp. (stock ticker: AXL:CA), operating in Colombia via its 100% owned subsidiary Carrao Energy S.A., announced that the 11-day production test of its Rio Cravo Este-1 (RCE-1) exploration well had concluded June 9. RCE-1 is

Shell Makes Significant Discovery in Perdido Corridor U.S. Gulf

Shell Makes Significant Discovery in Perdido Corridor U.S. Gulf

Shell Announces Deep-Water Discovery in Gulf Of Mexico

Exxon Mobil, Hess announce 13th Guyana discovery

Exxon Mobil, Hess announce 13th Guyana discovery

From Houston Chronicle

Exxon Mobil said Thursday it made its 13th oil discovery offshore of Guyana, increasing its rapidly rising tally of finds near the tiny South American nation.

The new Yallowtail-1 well discovery comes in the Turbot area of …

Alaska Can Bring High Hopes, Big Discoveries, Dry Holes

Alaska Can Bring High Hopes, Big Discoveries, Dry Holes

from Hellenic Shipping News/Platts

As Alaska’s oil production declines, enormous attention is being paid to even the slightest hint of a find that could turn the state’s fortunes around.

Much hope has been pinned on the development of the …

Strong Well Results in the Gulf: Talos Energy’s Zama-2 ST1 Appraisal Well Reinforces Zama Predictions

Strong Well Results in the Gulf: Talos Energy’s Zama-2 ST1 Appraisal Well Reinforces Zama Predictions

Well flow tested at 7,900 BOEPD, core sets Mexican offshore record with 714 feet of whole core
Zama will ‘be impactful for the company and for the Mexican economy’ – Talos CEO Duncan
Talos Energy Inc. (stock ticker: TALO, $TALO)

CNOOC Makes UK North Sea Gas Discovery

CNOOC Makes UK North Sea Gas Discovery

CNOOC Limited Announced a New Discovery in UK North Sea

Talos Energy’s Zama-2 Appraisal Well Logs 581 Feet of Gross TVD Oil Pay

Talos Energy’s Zama-2 Appraisal Well Logs 581 Feet of Gross TVD Oil Pay

Talos Energy Inc. (stock ticker: TALO) operator of Block 7 offshore Mexico in a consortium with its partners Sierra Oil and Gas S. de R.L. de C.V. and Premier Oil Plc reported results from its Zama-2 appraisal well, the first

Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs 

Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs 

Lilis's Tiger #3H IP-24s above 1,800 BOEPD in 3rd Bone Spring
Permian-focused Lilis Energy (stock ticker: LLEX) said its Tiger #3H well has reached the 24-hour initial production rate of 1,821 BOEPD.

Tiger #3H – 3rd Bone Spring Highlights:

IP

Middle Bakken Core Extension 4-Well Pad Tests at 2,400 BOEPD

Middle Bakken Core Extension 4-Well Pad Tests at 2,400 BOEPD

Marathon Oil Corporation (stock ticker: MRO) reported that its four-well Middle Bakken pad at the Ajax area of Dunn County, North Dakota achieved an estimated average 30-day initial production (IP) rate of over 2,400 barrels of oil equivalent per day

Hess Bumps Up Stabroek Recoverable Resource Estimate to 5 Billion BOE

Hess Bumps Up Stabroek Recoverable Resource Estimate to 5 Billion BOE

Hess Announces 10th Discovery and Increased Stabroek Block Resource Estimate Offshore Guyana

Light Oil Discovery in Colombia

Light Oil Discovery in Colombia

Toronto-based Frontera Energy Corporation (ticker: FECCF) announced a light oil discovery in the Llanos-25 Block in Colombia. The discovery was made on the Acorazado-1 exploration well.

According to a presentation from Frontera, the Llanos-25 property is a 168,805-acre property for

Private Companies Announce Eagle Ford Discovery Well in Lavaca Trough

Private Companies Announce Eagle Ford Discovery Well in Lavaca Trough

Boomtown Oil/Rocky Creek Resources Announce Eagle Ford Discovery Well in Lavaca Trough...

GeoPark Announces New Jauke Gas Field Discovery in Chile

GeoPark Announces New Jauke Gas Field Discovery in Chile

GeoPark Announces New Jauke Gas Field Discovery in Chile