Geology & Geophysics ///

Reveal Energy Services commercializes FracEYe frac hit analysis service

Reveal Energy Services announces today the commercialization of the FracEYE(SM) frac hit analysis service to expand the industry’s knowledge base about this critical issue of parent well-child well communication.

Silixa Limited has launched Carina XwellXpress hydraulic fracture monitoring service

Silixa Ltd announces the launch of Carina XwellXpress, the crosswell low frequency strain and microseismic monitoring service that accurately locates microseismic and strain events in real-time through wireline interventions, allowing operators to improve stimulation and completion designs to maximize recovery.

Aker BP has made a discovery at Froskelår

Aker BP is currently drilling exploration well 24/9-14 on the Froskelår Main prospect.

Comstock Resources has reported 109% in proved oil, gas reserves in 2018

Comstock Resources, Inc. has announced that its proved oil and natural gas reserves as of Dec. 31, 2018 were estimated by its independent petroleum engineering firm at 23.6 MMbbl of crude oil and 2,283 Bcf of natural gas or 2,424 Bcfe as compared to total proved reserves of 1,162 Bcfe as of Dec. 31, 2017.

Rosneft increased its proven hydrocarbon reserves by 4% in 2018

As of Dec. 31, 2018, Rosneft SEC's proven hydrocarbon reserves were 41,431 MMboe (5,597 MMtoe).

ADNOC awards OXY first onshore exploration block in Abu Dhabi

The Abu Dhabi National Oil Company (ADNOC) announced the signing of an agreement, awarding an onshore block – known as Onshore Block 3 – to U.S.

Nissan Chemical to release nanoActive products at SPE HFTC

Nissan Chemical America Corporation will be exhibiting their line of nanoActiv products as well as sharing recent performance results from various treated wells at SPE HFTC.

CNOOC reports discovery on Glengorm prospect, offshore UK

CNOOC Limited reported a new discovery on the Glengorm prospect, located in offshore UK Central North Sea.

RoyalGate Energy extends license in Equatorial Guinea

The company plans to drill in Block Z; Equatorial Guinea’s block Z holds an estimated 3.6 Tcf of gas; RoyalGate is also interested in Angola’s marginal field licensing round.

Talos Energy provides update on Zama appraisal, offshore Mexico

Talos Energy Inc. has provided an update on the Zama appraisal in Block 7 offshore Mexico. Talos is the operator of Block 7 in a consortium (the Consortium) with its partners Sierra Oil and Gas S. de R.L. de C.V. and Premier Oil Plc.

Seismos, Inc. has announced $10.5 million equity investment

Seismos, Inc., a technology provider for the oil and gas industry offering real-time frac treatment and frac performance evaluation, has secured a $10.5 million equity financing led by Quantum Energy Partners with follow-on participation from Javelin Venture Partners, Osage University Partners, ATP fund, Hicks Oilfield and other existing investors.

Fugro has enhanced IRM capability with new ROV support vessel

Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilization for the IRM contract planned for March 2019.

Equinor has made a gas, condensate discovery south of the Kristin field

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well.

Colorado Supreme Court rules against plaintiffs in Martinez v. COGCC

Statement by Dan Haley, President & CEO of the Colorado Oil & Gas Association, on today’s Colorado Supreme Court ruling.

‘Realistic’ new model points the way to more efficient and profitable fracing

A new computational model could potentially boost efficiencies and profits in natural gas production by better predicting previously hidden fracture mechanics. It also accurately accounts for the known amounts of gas released during the process.

Norwegian Petroleum Directorate awards record licenses in APA 2018

Thirty-three companies have been offered ownership interests in a total of 83 production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2018. This is the largest number ever awarded in one licensing round.

New exploration captures support Eni’s aggressive Middle East growth strategy

Following recent announcements of Eni S.p.A.’s acquisition of new exploration acreage in Bahrain, the UAE and Oman, Will Scargill, senior oil & gas analyst at GlobalData offers his view on their place within the company’s wider strategy.

BP, Eni to pursue major new exploration opportunity in Oman

BP and Eni have signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman.

Chevron touts nimble shale as electric cars dim big oil's future

Chevron Corp. will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy.

Lukoil has confirmed Eridu field geological model

Lukoil has successfully completed testing of the fourth well as part of Eridu field (Block 10) appraisal phase in the south of Iraq.