Geology & Geophysics ///

API: BLM's methane and waste prevention rule hurting consumers and local economies

Colorado Petroleum Council Executive Director Tracee Bentley urged the U.S. Senate to follow the House and support a disapproval resolution on the Bureau of Land Management’s (BLM) Methane and Waste Prevention rule because the flawed rule doesn’t improve upon U.S. successes in methane emissions reductions and could negatively impact American consumers, local revenues and energy security.

YPF and Shell agree on pilot project for Bajada de Añelo, Argentina

Shell Argentina Country Chairman Teófilo Lacroze and YPF Chairman Miguel Ángel Gutiérrez have signed preliminary terms and conditions of an agreement to develop a shale gas pilot project in Vaca Muerta, Neuquén. Shell estimates an investment of $300 million, which would take place in two phases.

Canada's fading oil promise leaves U.S. majors struggling

Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers.

Repsol Norge granted drilling permit for first well in licence 705

The Norwegian Petroleum Directorate has granted Repsol Norge AS a drilling permit for well 6705/7-1, cf. Section 8 of the Resource Management Regulations.

Europe savors taste of Brazilian oil with more blocks opening

European oil majors given a taste of Brazil may soon be ready for more.

TGS, Schlumberger announce multi- and wide-azimuth multi-client reimaging program in GOM

TGS-NOPEC Geophysical Company (TGS) and Schlumberger have announced a new multi- and wide-azimuth (M-WAZ) multi-client reimaging program in the highly prospective central U.S. Gulf of Mexico.

Billionaire Sam Zell joins slew of investors in 'awesome' STACK shale play

Billionaire real-estate investor Sam Zell is joining Continental Resources Inc.’s Harold Hamm in the growing list of enthusiasts of Oklahoma’s STACK shale formation.

Senex Energy sanctions $50-million investment in Australia's Western Surat gas project

Senex Energy Limited has sanctioned its first major investment in the Western Surat gas project, committing $50 million to a 30 well drilling campaign, with gas production of around ~0.6 MMboe expected by mid-2018.

Foothills Exploration brings two Duck Creek project wells into production

Foothills Exploration, Inc., an independent oil and gas E&P company engaged in the acquisition and development of properties in the Rockies and Gulf Coast, today announced that, since acquiring Tiger Energy Partners International on December 30, 2016, the Company has successfully reworked two wells in its Duck Creek project, obtaining production from the Green River formation.

Fugro Discovery to commence frontier seeps survey offshore Kenya

Fugro has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. The seeps survey complements a seismic exploration program that was completed recently offshore Kenya.

CGG wins multi-year dedicated center contract for Brunei Shell Petroleum

PARIS -- CGG announced that it has been awarded a contract by Brunei Shell Petroleum to operate a dedicated processing center (DPC) at its Seria office in Brunei Darussalam.

Brent crude oil benchmark to undergo biggest change in a decade

The Brent crude price benchmark for millions of barrels of physical crude sales each day is poised for its biggest shakeup in a decade with a new grade added to the mix from January next year.

President Energy commences operations at Puesto Guardian Concession, Argentina

Further to the Company’s announcement on Jan. 11, 2017, President Energy has announced that the workover rig has been mobilized to the first well location, and that operations have already commenced.

Sound Energy commences drilling of third Tendrara well in Morocco

Sound Energy, the African and European focused upstream gas company, is pleased to confirm the commencement of drilling at the third Tendrara well, onshore Morocco.

Saipem awarded onshore drilling contracts worth $240 million

Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million.

CGG completes industry-first AGG survey for Bahrain Petroleum Company

CGG has completed the acquisition and processing of the first-ever airborne gravity gradiometry (AGG) survey of the Kingdom of Bahrain.

API's Colorado Petroleum Council slams misleading research on hydraulic fracturing

Colorado Petroleum Council Executive Director Tracee Bentley strongly slammed a report released today by the University Of Colorado School Of Public Health.

Rosneft begins drilling first exploration well at Solimoes project, Brazil

Rosneft Brasil (100% owned Rosneft subsidiary) started the drilling of the first exploration well in the Solimoes basin.

Gazprom Neft developing oil-production technologies for gas cap drive reservoirs

As part of its ongoing technology strategy, Gazprom Neft has established a program directed at developing technologies to exploit oil reserves located below a gas cap.

TGS announces comprehensive well database available for the Permian basin

TGS, the leading provider of global geoscientific data products and services, today announces the immediate availability of the E&P industry's most comprehensive well database in the Permian basin.