Latest Energy News
GeoGlobal Commences Seismic Acquisition Program On KG Onshore Block
GeoGlobal Resources, an oil and gas company, has commenced 3-D seismic acquisition program on its KG-ONN-2004/1 onshore exploration block (KG onshore block) in India.
Published: 17-Mar-2010
Petrobras Discovers Light Oil In Piranema
Petrobras has discovered light oil in sandstone reservoirs located in the Sergipe Basin, in the post-salt layer of the Piranema area. The economically recoverable volume of oil is estimated at 15 million barrels.
Published: 17-Mar-2010
Americas Petrogas Completes Fourth Exploration Well In Neuquen Basin
Americas Petrogas, through its wholly-owned subsidiary Americas Petrogas Argentina, has tested and completed the well El Calden XS-4. This is the fourth exploration well on its Medanito Sur block in Neuquen basin, Argentina.
Published: 16-Mar-2010
Vanoil Energy To Commence 2D Seismic Program In Rwanda
Vanoil Energy has come to an understanding with the Ministry of Infrastructure, Rwanda, to enter into a production sharing contract within six months. The understanding dictates that Vanoil continues with its ongoing exploration program in Rwanda.
Published: 16-Mar-2010
Batavia Energy Completes Business Combination With Subsidiary
Batavia Energy Corp (the company) has completed an arm's length business combination with its wholly-owned subsidiary Batavia Energy Inc (Batavia).
Published: 15-Mar-2010
CNOOC To Form Joint Venture With Bridas Energy Holdings
CNOOC has proposed to form a 50/50 joint venture with Bridas Energy Holding (BEH) in Bridas in lieu of approximately $3.1bn in cash. In this connection, CNOOC International, a wholly owned subsidiary of the company, entered into the relevant transaction documents with BEH recently.
Published: 15-Mar-2010
Petrohawk To Sell Terryville Field For $320m
Petrohawk Energy has entered into a definitive agreement to sell its interest in Terryville field, located in Lincoln and Claiborne Parishes, Louisiana, to a private company for $320m. The sale is the second of four asset packages expected to be sold by the company during 2010.
Published: 15-Mar-2010
BP, Value Creation Partner For Oilsands Development Project
Value Creation (VCI) has formed a partnership with BP Canada to develop one of VCI's oilsands lease blocks, Terre de Grace (TDG), in the Athabasca region.
Published: 15-Mar-2010
Europa Oil Provides Hykeham-1Z Well Operations Update
Europa Oil & Gas has provided an operational update on the Hykeham-1Z well, which lies on the PEDL150 licence near Lincoln, onshore UK. The company said that since running perforating guns over the 4mt of Basal Sandstone in February, the operations have concentrated on lifting the reservoir fluids without success.
Published: 12-Mar-2010
Bengal Energy Wins Exploration License In India
Bengal Energy has said that the government of the Indian state of Tamil Nadu has granted a formal petroleum exploration license on 234,000 acres in India's Cauvery basin to a consortium including Bengal Energy. The company has a 30% interest in the onshore block CY-ONN-2005/1 while the operator, GAIL (India), holds a 40% interest and the Gujarat State Petroleum holds the remaining 30% interest.
Published: 12-Mar-2010
