Tag: exploration

Shell announces new Gulf of Mexico discovery

Shell Oil Co. today announced an offshore discovery in the Gulf of Mexico it believes contains 100 million barrels of oil equivalent.  More »

Statoil strikes out in well at center of Greenpeace standoff

Statoil ASA failed to find oil in the northernmost site ever drilled off Norway’s Arctic tip.  More »

UN: Oil search in Northern Somalia risks stoking tension

Two semi-autonomous areas of northern Somalia have largely avoided the violence that’s plagued the rest of the country for decades. Now oil exploration may change that, according to the United Nations.  More »

Repsol wins approval for $10B project off Spain

Repsol SA won government approval to start a $10 billion oil drilling project off Spain’s Canary Islands, signaling success in its 12-year campaign to start exploration near the Atlantic archipelago.  More »

Prime Minister: Ivory Coast’s soaring oil output will rival Ghana

Ivory Coast Prime Minister Daniel Kablan Duncan said his nation will boost oil production within five years to 200,000 barrels a day, rivaling neighboring Ghana as stability returns to a country racked by a decade of turmoil.  More »

Environmentalists seek to stop Miss. offshore drilling rules

Environmental groups want a judge to stop rules setting a framework for offshore gas and oil exploration in parts of the Mississippi Sound.  More »

Oil and gas spending to hit record in 2014

Oil and gas companies will spend more money in 2014 than they ever have to explore for and produce oil and gas, with $723 billion expected to fund the global effort, according to projections from Barclays.  More »

Large oil companies pulling up stakes in Kansas

The economic future seemed so tantalizing just two years ago as the nation’s big oil firms rushed into Kansas. Now most of those big out-of-state players are gone.  More »

UH enhances energy research with multimillion-dollar lab (photos)

The University of Houston revealed Wednesday the newest equipment in what’s slated to become a multimillion-dollar geochemistry lab that will enhance the school’s research in deep-water exploration, shale and other unconventional resources.  More »

Energy firms want action on Atlantic drilling

Energy industry leaders are fretting that it could be a decade before the federal government allows them to hunt for oil and gas along the East Coast, unless the Obama administration shifts its approach to offshore drilling.  More »

Filipino, China oil firms eye deal in disputed sea

A Filipino-British company has begun talks with China’s state-owned offshore oil producer for an oil- and gas-exploration deal in part of the South China Sea where Philippine and Chinese vessels were involved in a confrontation just two and a half years ago.  More »

Eagle Ford producers shift gears on well spacing

The idea of “spacing” is a favorite topic of the oil and gas industry, which is agonizing over how closely it can place wells without having them cannibalize each other.  More »
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