Geology & Geophysics ///

Democratic senators bring bill to bar drilling off U.S. West Coast

A group of five Democratic senators has introduced legislation to permanently prohibit drilling on the Outer Continental Shelf of California, Oregon and Washington State.

Israeli company reports major oil find in Golan Heights

TEL AVIV -- An Israeli energy company has reported a major oil discovery in the Golan Heights.

California’s Monterey shale holds 21 MMbbl of recoverable oil: USGS

The Monterey formation in the deepest parts of California’s San Joaquin basin contains estimated mean volumes of 21 MMbbl of oil, 27 Bcf of gas and 1 MMbbl of NGL, according to the first USGS assessment of unconventional, technically recoverable resources in the Monterey formation.

Brazil tries to shake oil industry gloom with new bidding round

Brazil will auction crude-exploration blocks on Wednesday for the first time since a colossal corruption scandal crippled the nation’s oil industry and forced state-run Petroleo Brasileiro SA to scale back investments.

Ikon Science announces geopressure RokDoc plug-ins for Petrel

Ikon Science has added two new RokDoc plug-ins for Petrel to its portfolio of existing tools on the Ocean platform. This latest addition contributes the first plug-ins covering geopressure data calculation, analysis and viewing to the E&P subsurface community.

Fugro awarded contract extension by Pemex

Fugro, in conjunction with long-time associates, Diavaz, has been awarded an extension of the ongoing offshore geophysical and geotechnical campaign by Pemex.

N.L. licensing area could hold 12 Bbbl of oil in place, Premier says

ST. JOHN'S, Newfoundland and Labrador -- The area covering the 11 parcels currently on offer in the Flemish Pass has an in-place oil and gas resource potential of 12 Bbbl of oil and 113 Tcf of gas, according to the Premier of Newfoundland and Labrador.

Oil patch braces for exploration chill after Canada’s election

As Canada’s oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells.

Lundin Petroleum spuds exploration well on Neiden prospect

Lundin Norway, a wholly owned subsidiary of Lundin Petroleum, has started drilling exploration well 7220/6-2 in PL609.

Noble’s Cheetah well disappoints offshore Cameroon

Noble Energy’s Cheetah exploration well, in the Tilapia license offshore Cameroon, reached the targeted Cretaceous interval and is being plugged and abandoned. The well encountered both crude oil and natural gas shows in multiple non-commercial reservoir sands.

Statoil strikes out with wildcat south of Grane field

Statoil Petroleum, operator of production license 169, has concluded the drilling of wildcat well 25/11-28. The well was dry.

Sanctions could lead to restructuring of Russian oil and gas industry: GlobalData

While Russia is continuing to pump crude oil at record levels, producing on average 10.685 MMbpd in 2015, the continuous pressure from U.S./EU sanctions is having an impact on the strategic course of the Russian oil and gas industry, says an analyst with research and consulting firm GlobalData.

New fracing rules blocked by U.S. judge in Wyoming

New federal fracking regulations were blocked by a U.S. judge in Wyoming who said the government’s Bureau of Land Management lacks the authority to control hydraulic fracturing.

Baker Hughes launches VisiTrak geospatial navigation and analysis LWD service

Baker Hughes has announced the commercial release of its VisiTrak geospatial navigation and analysis LWD service.

IHS Inc. provides $1.25 million software to Texas Tech University

Engineering students at Texas Tech University will now have access to IHS Petra, a powerful software tool for geological, engineering and petrophysical analysis, thanks to a $1.25 million donation from IHS Inc. (NYSE: IHS), the leading source of critical information and insight.

FMC Technologies and PROSERNAT sign alliance agreement

FMC Technologies, Inc. and PROSERNAT have signed an alliance agreement to become a single source supplier of integrated modular systems and comprehensive solutions for the processing, separation and treatment of oil, water, gas and solids.

ATCE '15: Halliburton releases next-generation acoustic evaluation service

Halliburton's Wireline & Perforating business has introduced the Xaminer Sonic Service, an evolution in acoustic formation evaluation that provides operators with high-fidelity data and advanced processing capabilities to more accurately characterize a wide range of reservoirs, including those in deep water, mature fields and unconventionals.

BG Group to explore offshore Newfoundland

BG Group has acquired three non-operated positions offshore Newfoundland from Repsol.

Shell halts Arctic oil exploration campaign after wildcat disappoints

Shell has called a halt to further exploration work offshore Alaska after the company’s Burger J well, in the Chukchi Sea, failed to find meaningful quantities of oil or gas, the company said Monday.

Sustained low oil prices could reduce E&P investment: EIA

Low oil prices, if sustained, could mark the beginning of a long-term drop in upstream oil and natural gas investment.