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Latest Oil & Gas News

Tuesday, September 7, 2010   (Today)

Exploration News

Topaz Notes Drilling, Log Results of Barnett Well
Topaz reported the drilling and log results of its Barnett Shale well located in the "oil" leg of the Barnett shale formation in North Texas.

Whiting Petroleum Expands Presence in Williston Basin
Whiting Petroleum has acquired oil and gas leasehold interests covering 111,966 gross acres in the Montana portion of the Williston Basin from undisclosed sellers.

Noreco Gets Green Light to Drill in North Sea
Noreco has received approval from Norway's Petroleum Safety Authority to use the West Alpha semisub to drill an exploration well in PL545.

Cooper-RWE Dea JV Secures Stake in Poland
Cooper Energy has secured an interest in an attractive O&G exploration and appraisal portfolio in Poland through a Joint Venture agreement with RWE Dea Germany.

2010 Anticosti Drilling Program Completed
Petrolia reported that the 2010 oil exploration program on Anticosti Island has been completed and that preparations are being made to remove the drilling and related equipment from the island commencing this week.

Canada Energy Concludes Drilling Activities in BC
Canada Energy announced the completion of drilling operations on its second horizontal Montney well located on its Peace River Project in northeast British Columbia.

PetroChina Seeks Bids for Iraq's Halfaya Oil Project
PetroChina has started issuing tenders for a multibillion project to develop Iraq's giant untapped Halfaya oil field in southern Iraq.

LINN to Add Permian Properties for $352.2MM
LINN has signed three definitive purchase agreements to acquire oil and natural gas properties located in the Wolfberry trend of the Permian Basin for a combined price of $352.2 million.

ADX Hits Hydrocarbons at Lambouka Well
ADX announced hydrocarbon bearing zones have been discovered in the Lambouka–1 well. The nature of the hydrocarbons is likely to be comprised of gas and possibly condensate in the lower interval based on the hydrocarbon shows.

Dragon Oil Completes, Tests Turkmen Well
Dragon Oil announced the completion and initial testing of the Dzheitune (Lam) 28/147 development well.

Chevron Acquires Operating Stakes in 3 China Blocks
Chevron's China subsidiary has received final approval to acquire operating interests in 3 exploration blocks in South China Sea.



Monday, September 6, 2010

Exploration News

IPC Notes Seismic Survey of Offshore Licenses
IPC announced the results of the Prospective Resource Evaluation Report on the two prospects located on the Mira and Sarah Drilling Licenses, offshore Israel.

Dana Gas Hits Paydirt in Nile Delta
The preliminary reserves estimate is in the range of 50 to 90 Bcf of gas, with 1 to 2 million barrels of associated condensate.

MENA, Kulczyk to Jointly Explore Syria
MENA Hydrocarbons has agreed to participate with Kulczyk Oil in the exploration of Syria Block 9.

Lundin Sells Salawati Stake in Indonesia
Lundin announced the signing of an SPA with RH Petrogas to sell its non-operated interests in the Salawati Basin and Island assets.



Friday, September 3, 2010

Exploration News

Empire to Recommence Tasmania Drilling Program
Empire scheduled recommencement of its 12-hole drilling program.

NPD Grants Shell Drilling Permit in Norwegian Sea
The Norwegian Petroleum Directorate (NPD) has granted A/S Norske Shell a drilling permit for wellbore 6603/5-1 S.

Scheduling Conflicts Delay Drilling at Zoya Well
The scheduled drilling of the 45 day Zola-1 well has been delayed until November 2010 due to scheduling conflicts with the Stena Clyde rig.

AED Updates Activities at Brunei Well
AED reported that 7" casing has now been run to 2867m MDRT at the Lempuyang-1 exploration well.

Pacific Rubiales Farms-Out Buganviles Block
Pacific Rubiales has executed an agreement with Petrodorado South America for the earn-in of an additional participating interest in the Buganviles Block.






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