Geology & Geophysics ///

ConocoPhillips' North Sea assets gain interest from Chrysaor

Chrysaor Holdings Ltd. has expressed an interest in ConocoPhillips' North Sea assets after earlier discussions with U.K. billionaire Jim Ratcliffe collapsed, according to an anonymous source.

Navigation Powder River uncovers record well result in the Powder River basin

Navigation Powder River, sponsored by certain investment funds managed by Juniper Capital Advisors, L.P., has announced record initial production from the Jacob Federal 1-42-73-3H well in the Powder River basin (PRB).

Vedanta Limited reports oil discovery in India's Krishna-Godavari basin

Vedanta Limited has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an Oil Discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari basin, East Coast of India.

Gazprom Neft, Schlumberger develop cooperation agreement in well-logging technology

Gazprom Neft and Schlumberger made an agreement on technological cooperation in well logging. The document was signed by Vadim Yakovlev, first deputy CEO, Gazprom Neft, and Sergey Slyusenko, managing director, Gazpromneft-Noyabrskneftegazgeofizika and Gokhan Saygi, president of Schlumberger RCA.

Gulf of Mexico lease sale results in $244+ million in bids

The U.S. Department of Interior’s Assistant Secretary for Land and Minerals Management Joe Balash has announced that region-wide Gulf of Mexico Lease Sale 252 generated $244,299,344 in high bids for 227 tracts covering 1,261,133 acres in federal waters of the Gulf of Mexico.

Greenland Gas & Oil gets new license, provides Jameson update

Greenland Gas & Oil Limited (‘GGO’ or the ‘Company’) is pleased to confirm the award of a new license and extension of existing licenses, as well as provide details of upcoming operational activities on its Jameson Land acreage located onshore south-east Greenland.

Sercel extends boundaries of well exploration with SigmaWave

Sercel has announced the launch of its first distributed acoustic sensing (DAS) seismic solution, SigmaWave.

New products and services

Michele Cowart, World Oil

GEODynamics, Inc., introduces the new, patented, HELLFire perforating system that allows the industry to more effectively complete multi-stage plug-and-perf operations.

ADNOC awards Japan's INPEX onshore exploration concession in block bid round

The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX Corporation.

Eni reports new gas discovery in the Nour prospect, offshore Egypt

Eni announces a new gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km north of the Sinai peninsula.

Eni reports major oil discovery offshore Angola

Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water.

Offshore oil, gas exploration strengthens Land and Water Conservation Fund

Yesterday, the Florida Petroleum Council welcomed the permanent re-authorization of the Land and Water Conservation Fund (LWCF) into law as part of the public lands bill, S. 47 (116).

EIA: Increases in natural gas production from Appalachia affect natural gas flows

The 2019 Annual Energy Outlook (AEO2019) Reference case shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas.

DTEK Oil & Gas wins Ukraine’s first open auction for subsurface exploration permit

Oil Gas Systems, LLC - a subsidiary of DTEK Oil & Gas - has purchased the special permit for subsurface exploration of the Svitankovo-Lohivskyi license site in eastern Ukraine for UAH 85 million ($3.17 million) at open auction.

Aker Energy announces successful drilling results offshore Ghana

Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) Block, announces that it encountered oil in the Pecan South-1A well, offshore Ghana.

Equinor reports "profitable" oil discovery from the Visund A platform

Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea.

ExxonMobil makes 5 Tcf natural gas discovery offshore Cyprus

ExxonMobil has said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.

ExxonMobil adds 4.5 Bbbl to reserves

ExxonMobil Corporation has said that it added 4.5 Bboe of proved oil and gas reserves in 2018, replacing 313% of the year’s production.

Kenya vows to defend its territory in oil row with Somalia

Kenya vowed to “never cede an inch” of its territory in a border dispute with Somalia that has soured diplomatic relations.

Croatia's Krpan touts new bidding rounds as means to boost output

During the recent North American Prospect Expo (NAPE) held in Houston, the president of the Croatian Hydrocarbon Agency (CHA), Marijan Krpan, visited with World Oil about the steps his government is taking, to improve the country’s oil and gas production. Key among these are two new licensing rounds, one to close in June 2019, and the other to finish in September 2019.