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New discovery in Espírito Santo Basin deep waters
Petrobras announces the discovery of a hydrocarbon accumulation in deep waters of the Espírito Santo Basin post-salt by drilling well 4-BRSA-1265-ESS (ANP nomenclature) /4-GLF-42-ESS (Petrobras nomenclature), known as Lontra, at a water depth of 1,319 meters. Th ... South America
Arabella Exploration backs into additional acreage
Arabella Exploration, Inc. (OTCQB: AXPLF) announce that it has backed into ownership on additional acreage in Pecos and Reeves County in the Southern Delaware Basin. Arabella has owned a reversionary interest in certain acres controlled by Brigham Resources Operating, L ... North America
Eight pieces of our oil price predicament
A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide enough–but not too much–oil for the world economy. The price ... North America
Statoil takes on offshore operatorship in Australia
Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia. This is Statoil's third asset in Australia, adding to the onshore opera ... Australasia
Kuwait Energy announces discovery at Abu Sennan, Egypt
Kuwait Energy and their main partner, the Egyptian General Petroleum Corporation (EGPC), announced Wednesday that the operated exploration well ASA-1 st3 on the Abu Sennan license, onshore Egypt discovered hydrocarbons in the Abu Roash' E' and Abu Roash ' C& ... Middle East
Oil price, BP/Chevron, Ophir and finally...
Oil price Last week I named it 'short covering Friday as for the last few weeks this day has seen bears closing short positions ahead of the weekend, but today is slightly different. Last Friday we had just bounced off the low of the 50% retracement of the 5 year h ... North America
VAALCO Energy announces new Director
VAALCO Energy, Inc. (NYSE: EGY) announce the appointment of Andrew L. Fawthrop to the Company's Board of Directors, effective November 1, 2014. Mr. Fawthrop will stand for re-election at the Company's 2015 Annual Meeting of Shareholders. Mr. Fawthrop, 62, has d ... North America
Karoon takes possession of the Olinda Star drilling rig
Karoon Gas Australia announces the Company has now taken possession of the Olinda Star Semi-submersible drilling rig from Petrobras. The rig is currently in the Campos Basin and expected to be on location in the Santos Basin running anchors in the next few days with a ... Australasia
Austex signs gas gathering contracts
AusTex report that it has entered into two additional gas contracts for the purchase of its gas from parts of its Area II (south east) and Area III (north west) acreage. The new contracts were entered into after negotiation between several gas gatherers, a feature made ... Australasia