Geology & Geophysics ///

Karoon approves FEED for Echidna oil discovery in Santos basin, Brazil

Karoon Gas Australia Ltd. is pleased to announce that its Board has approved the development concept for the Echidna light oil discovery, progressing the project to the next phase in the development, Front-End Engineering and Design (FEED).

Echo Energy signs technical evaluation agreement for the Rio Salado Block in Bolivia

Echo Energy, the South and Central America focused upstream gas company, has announced the signature of a technical evaluation agreement (TEA) for the Rio Salado Block, onshore Bolivia.

Faroe Petroleum reports positive results from Brasse sidetrack appraisal well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, has announced the results of the 31/7-2S Brasse sidetrack appraisal well in the Norwegian North Sea.

Exxon Mobil announces successful Payara-2 well, offshore Guyana

Exxon Mobil Corp. today announced that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 MMboe.

Reveal Energy Services presents IMAGE Frac 2.0 pressure-based fracture maps

Reveal Energy Services announced today the commercialization of IMAGE Frac 2.0 pressure-based fracture maps that validate completion designs on every well with minimum operational risk and cost.

Halliburton unveils advanced imaging and borehole inclination service

Sperry Drilling, a Halliburton business, has announced the release of the Radian Azimuthal Gamma Ray and Inclination Service, a geosteering solution that provides real-time, high-quality borehole images and continuous inclination measurements.

Anglo African Oil & Gas provides operational update regarding Tilapia field

Anglo African Oil & Gas plc, an independent oil and gas developer, has provided an update on activities with regards to the development of the producing Tilapia oil field in the Republic of Congo.

CGG donates full software suite to Heriot-Watt’s Petroleum Learning Center in Russia

CGG GeoSoftware has donated a full suite of its software technologies to the Petroleum Learning Center, a joint educational project of Tomsk Polytechnic University in Russia and Heriot-Watt University in Scotland. The donation includes training licenses for each of the software solutions (HampsonRussell, Jason, PowerLog, EarthModel FT, InsightEarth and VelPro) in its product portfolio.

Sound Energy provides extended well test update at Tendrara, onshore Morocco

Sound Energy, the African and European focused upstream gas company, has provided an update on the TE-7 extended well test, including an initial measurement of the reservoir pressure build-up response.

CGG wins Brazil data processing contract for world’s largest seabed seismic survey

CGG announced the award by Petrobras of a contract to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a full-fold area of 2180 km2 in Brazil’s deepwater Santos Basin.

Top oil market summons Poseidon to U.S.-Mideast crude fight

Poseidon is wading into the battle between U.S. crude and Middle East supplies in the world’s biggest oil market.

Mexico delays next oil auction, letting huge new find sink in

Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets.

Statoil reports small gas find southeast of Snøhvit field in the Barents Sea

Statoil Petroleum AS, operator of production licence 849, has concluded the drilling of wildcat well 7121/8-1. The well was drilled about 25 km southeast of the Snøhvit field in the Barents Sea. The well proved gas.

Magnitude 4.2 earthquake strikes near Cushing oil storage hub

An earthquake with a preliminary magnitude of 4.2 on Friday struck Stroud, Okla., about 20 mi (32.2 km) from the key oil storage hub in Cushing, Okla., the Oklahoma Geological Survey (OGS) said.

Xodus wins subsurface contract with Cairn Oil and Gas in India

Xodus Group has won a contract with Cairn Oil and Gas of Vedanta Ltd. to conduct exploration and appraisal work on its Rajasthan block in northwest India over the next two years.

Premier Oil says North Sea exploration no longer attractive

Premier Oil, which produces more than half its oil in the British North Sea, said on Thursday that exploring for resources in the basin was no longer attractive, a day after it announced a major discovery off Mexico.

Dutch court hearing pits oil giants against Groningen locals

Angry Dutch residents living near the huge Groningen gas field demanded a total halt to production, accusing oil giants of causing house-damaging earth tremors and the government of lying at a hearing in the Netherlands' highest court on Thursday.

Tide turns for sulphur-rich oil in a sea of light crude

The world is awash with oil, but in pockets of the market lower-quality, sulphur-rich crude is limited and buyers are competing for cargoes.

Barryoe Partners granted two-year extension for exploration contract offshore Ireland

The Barryroe Partners have been granted a two-year extension to the term of the First Phase of SEL 1/11 to July 2019 and overall term to July 2021 by the Minister for Communications, Climate Action & Environment subject to the Barryroe Partners carrying out a work program that includes the evaluation of newly reprocessed 3D seismic data together with an assessment of the Jurassic and Triassic exploration potential of the lisence area.

Lundin Petroleum encounters hydrocarbons in Barents Sea's Alta appraisal well

Lundin Petroleum AB has announced that its wholly-owned subsidiary Lundin Norway AS has successfully completed the drilling and production testing of Alta appraisal well 7220/11-4 (Alta-4) located in PL609 in the southern Barents Sea.