Latest Energy News
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
Manas Petroleum Subsidiary Commences Seismic Program In Tajikistan
Manas Petroleum has said that its 90% owned subsidiary CJSC Somon Oil (Somon) has commenced a 250km 2D seismic program in Tajikistan.
Published: 11-Mar-2010
Breitling Oil Readies 2010 Re-Entry Plan For Breitling-Burr #1 Prospect
Breitling Oil and Gas, an independent producer based in Irving, Texas, has planned to begin re-entry of the Breitling-Burr #1, the first well prospect in its newly formed 'Gulf Coast On-Shore Expansion' initiative.
Published: 11-Mar-2010
Devon To Sell Deepwater Gulf of Mexico, Brazil, Azerbaijan Assets To BP
Devon Energy, an Oklahoma City-based energy company engaged in oil and gas exploration and production, has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7bn.
Published: 11-Mar-2010
Bonanza Oil To Purchase Interest In Oklahoma Oil Well
Bonanza Oil & Gas, an independent oil and gas development company, has entered into a Letter of Intent (LOI) to purchase a 10% interest in a producing well and an option on two additional wells located in Logan County, Oklahoma.
Published: 10-Mar-2010
Chevron Awarded Rights To Develop New Venezuelan Energy Project
Chevron has said that a consortium led by its Venezuelan subsidiary has been selected to negotiate its participation in a project composed of three blocks in the Orinoco Oil Belt (Faja) of eastern Venezuela.
Published: 10-Mar-2010
Signature Exploration Provides Update On Frio Sands Target In Texas
Signature Exploration and Production has said that its joint venture partner in South Texas has leased a 1,043 net acre (m/l) Frio Sand (gas) target in South Texas. The target was identified through the acquisition of a 303 sq mile 3D seismic database.
Published: 09-Mar-2010
Statoil, ACG Partnership Sign $6bn Investment Deal To Develop Chirag Oil Project
Statoil and the ACG partnership have signed a $6bn investment agreement for the Chirag Oil project to further develop the Azeri-Chirag-Gunashli oil field in Azerbaijan.
Published: 09-Mar-2010
Statoil Increases Interest In St Malo To 21.5%
Statoil has increased its working interest in the Union-operated St Malo development to 21.5% by exercising its preferential rights on a proposed sale of Devon's share in the development. Union is a subsidiary of Chevron.
Published: 09-Mar-2010
