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  1. Gas discovery near North Sea Valemon field

    Two years after Valemon came on stream Statoil has made a new gas discover y on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent. The well was drilled 160 kilometres north-west of Bergen. This is the seventh exploration well that is being drilled in production licence 193 D, Valemon Unit. The exploration well was drilled from Valemon by the jackup rig West Elara to a vertical depth of 4,337 metres below sea level. Water depth in the area is 133.5 metres. The well is currently being completed and put on stream from the Valemon platform. The Valemon reservoir is complex because it is fragmented and also because of its high pressure and high temperature. The Valemon Unit partners are Statoil Petroleum AS (operator, 53.775%), Petoro AS (30%), Centrica Resources (Norge) AS (13%) and A/S Norske Shell (3.225%).

    Online Articles

    Online Articles

    Sat, 4 Feb 2017

  2. Lilis Energy appoints Short as COO

    San Antonio, TX-based Lilis Energy Inc. has appointed Brennan Short as COO.

    Online Articles

    Online Articles

    Tue, 31 Jan 2017

  3. Dominion to gain 'Energy' with new name, rebranding

    Dominion Resources, Inc. intends to change its name to Dominion Energy, Inc., in recognition of its focus on the evolving energy marketplace and to unify its brand following last year's merger with Questar Corporation.

    Online Articles

    Online Articles

    Tue, 7 Feb 2017

  4. WoodMac: Global oil and gas exploration likely to return to profitability in 2017

    Global oil and gas exploration should return to profitability in 2017 after five years of only single-digit returns. This was the finding of a  new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead.

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  1. WoodMac: Global oil, gas exploration to return to profitability in 2017

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  2. ExxonMobil announces new natural gas discovery onshore Papua New Guinea

    Exxon Mobil Corporation announced a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles northwest of the Hides Gas Field.

    Online Articles

    Online Articles

    Thu, 29 Dec 2016

  3. ONGC announces oil and gas discoveries in India

    Oil and Natural Gas Corporation Limited made three oil and gas discoveries in eastern and northeastern India.

    Online Articles

    Online Articles

    Fri, 22 Mar 2013

  4. Eni’s Zohr deepwater gas discovery offers big potential for Eastern Mediterranean, says analyst

    IHS has released new analysis on the deepwater Zohr gas discovery in Egypt, a find the firm terms of major significance to the Eastern Mediterranean region.

    Online Articles

    Online Articles

    Wed, 28 Oct 2015

  5. DONG to sell oil, gas business by yearend

    DONG Energy, Fredericia, Denmark, expects to sell its oil and gas exploration and production business by yearend.

    Online Articles

    Online Articles

    Thu, 19 Jan 2017

  6. Oil and Gas News: Genie Energy launches drilling services company in Israel

    Genie Energy Ltd. is establishing Atid Drilling Ltd., an onshore drilling services venture based in Israel. Atid will pursue drilling opportunities for clients in a variety of fields including oil and gas exploration , water resource development and mineral exploration.

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  7. NRG Energy, JX Nippon complete world’s largest post-combustion carbon capture facility on-budget and on-schedule

    NRG Energy, Inc. and JX Nippon Oil & Gas Exploration Corporation have completed construction, on-budget and on-schedule, of Petra Nova, the world’s largest post-combustion carbon capture system.

    Online Articles

    Online Articles

    Wed, 11 Jan 2017

  8. WPX Energy makes natural gas discovery in Niobrara formation

    Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado has the potential more than double the company’s current 18 trillion cubic feet equivalent of 3P reserves.

    Online Articles

    Online Articles

    Wed, 23 Jan 2013

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