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Sefton Resources (LON:SER) announced this morning information with regards to today's Annual General Meeting. Jim Ellerton, Chairman of the board said: "Sefton has taken some large steps towards growing the Company's revenue base.
Oil Refineries Ltd. (TASE: ORL.
Statoil has made a discovery of light, high-quality oil in the Flemish Pass Basin, offshore Newfoundland. Oil was encountered while drilling the Harpoon prospect (EL 1112), located approximately 500 kilometres north-east of St.
An economic impact study of Kentucky's oil and gas industry released yesterday by the Kentucky Oil and Gas Association (KOGA) stated that the total value of oil and gas production for Kentucky is more than $1 billion. In 2012, Kentucky produced more than 3 million barrels of oil.
The 1800-tonne subsea template for the Åsgard subsea gas compression pioneering project is en route from the shipyard in Egersund to the Åsgard field. Subsea compression will increase recovery from the Åsgard-field by 280 milion barrels of oil equivalent when it comes on stream in 2015.
Lamu Oil and Gas, an Edgo Energy & QFB joint venture, announced that it has awarded BGP Kenya Limited a contract to conduct a 2D seismic survey on its onshore Block L14 in Kenya's Lamu Basin. The data acquisition will cover up to 850 line kilometers in the block, which is largely situated in the Tana River and Delta Districts in Kenya.
| Wednesday, June 19, 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-7 appraisal well in the Uytas Field on Block A using Zhanros ZJ-20 rig. The well will be drilled to a total vertical depth of 550 metres targeting Cretaceous and Jurassic reservoirs.
Aker Solutions today delivered the steel frame for the world's first subsea gas compression facility to be installed at the Statoil-operated Åsgard field. The installation, set to come on stream in 2015, will enable the recovery of an additional 280 million barrels of oil equivalents.
Tap Oil Limited (ASX:TAP) is pleased to advise that at 0820 hours Perth time on 19 June 2013, the Stena DrillMAX, Dual Derrick Drillship commenced drilling the Starfish-1 oil exploration well in the Offshore Accra Contract Area, Ghana. The well will target a large stratigraphic trap in the deep water of eastern Ghana, interpreted to be potentially comparable to the Jubilee oil field in western Ghana.
| Wednesday, June 19, 2013
Senex Energy Limited (Senex, ASX: SXY) has achieved its revised production guidance of 1.2 million barrels of oil for the current financial year, more than doubling its annual net oil production for the second year running.
On 27 May 2013 Karoon signed an agreement with CGG Veritas Services SA for a marine 3D seismic survey (Chrysalids) over permit WA-482-P in the offshore northern Carnarvon Basin. The survey is for a total of approximately 2,386 square kilometres.
Total E&P Tajikistan B.V.
A June 6, 2013, article from Reuters is titled, “Lawmakers in new drive to slash Iran’s oil sales to a trickle.” According to it, U.
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Petrobras a major contract(1) for the supply of flexible pipes for the Iracema Sul (former Cernambi Sul) field, located in the Santos Basin pre-salt area, Brazil, at a water depth of up to 2,500 meters. The contract covers the qualification and supply of up to 250 kilometers of flexible pipes for oil production, gas lift, water and gas injection as well as related equipment for the pre-salt area to be installed on the floating production storage and offloading (FPSO) unit Cidade de Mangaratiba.
Shoreline Energy Corp. (TSX: SEQ) announced that repayment of the vendor take back note related to the purchase of the "Dios" Wattenberg Colorado assets, originally announced on February 19, 2013.
TGS in partnership with Electromagnetic Geoservices ASA (EMGS) have signed an agreement to jointly invest in a 3D electromagnetic (EM) multi-client survey covering 11 blocks, or approximately 3300 km2, in the Hoop area of the Barents Sea. The 3D EM data is being acquired by the M/V Atlantic Guardian.
The FPSO P-63 left the Quip/Honório Bicalho shipyard in the city of Rio Grande (RS) on Tuesday (18/06) after the modules were integrated and the platform was commissioned. The P-63 is one of the new units coming on stream in 2013 helping to increase oil production for Petrobras to reach the production target of 2.
Enteq Upstream plc, the oil & gas field services company, today releases its consolidated financial statements for the year ended 31 March 2013. Operational Highlights Completed acquisitions of XXT and KMS to form Enteq’s Drilling Products Division Successful transition to become an integrated and focused Measurement While Drilling ‘system’ provider First Eastern Hemisphere sales completed with significant further opportunities Enhanced product range and technology agreements New manufacturing facilities and increased capacity in California, Texas and U.
Rialto is pleased to note an announcement released by Ophir Energy Plc ("Ophir"), the Operator of the Offshore Accra PSC, Ghana, in which it announces the spudding of the Starfish-1 well by the Stena DrillMax drillship. The Starfish-1 well is located in water depths of 1,500m and has a target depth of 3,850m.
| Wednesday, June 19, 2013
Ophir Energy plc (Ophir) announces the spud of the Starfish-1 well in the Ophir operated Offshore Accra PSC. The Starfish-1 well is Ophir's first well in Ghana and will be drilled by the Stena DrillMax drillship.
| Wednesday, June 19, 2013
Gulf Keystone, a leading independent E&P operator in the Kurdistan Region of Iraq, is pleased to announce the commencement of the Company's drilling campaign to explore deeper, yet untested horizons of the world class discovery at the Shaikan field, which the Company operates. Shaikan-7 to target significant exploration upside Shaikan-7, the first deep exploration well on the Shaikan block, is targeting the mid to lower Triassic and, potentially, Permian horizons, spudded late on Sunday 16 June 2013.
Caza Oil & Gas, Inc. (TSX: CAZ) (AIM: CAZA) is pleased to announce that it has agreed to an advance in the gross amount of £450,000 pursuant to its £6 million Standby Equity Distribution Agreement ("SEDA") dated November 23, 2012 between the Company and YA Global Master SPV Ltd.
At today's Annual General Meeting of Sefton Resources, Inc. (AIM: SER), the independent oil and gas exploitation and production company with interests in California and Kansas, the Chairman of the Board, Jim Ellerton will comment on the following items.
Rialto Energy Limited advises that Patrick Garo has resigned from his role as Chief Financial Officer of the Company with immediate effect. Commenting on today's announcement, Managing Director, Mr Rob Shepherd said: "I would like to thank Patrick for his significant contribution to the Company over the last few years.
Tethys Petroleum Limited (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia, announce its work programme in Kazakhstan for the second half of 2013. Forward Work Programme: AKD08 ("Doto") Exploration well to spud in early August Further oil exploration wells planned after Doto results Testing programme on suspended oil wells Two gas well workovers planned Up to five new shallow gas wells to be drilled near the Akkulka Block Kalypso well to be stimulated and tested in Q3 2D Seismic planned and crew mobilising for the Kul-Bas Block 3D Seismic planned for the near future in the Akkulka Block Further seismic will help improve subsurface understanding in both Kul-Bas and Akkulka to better focus the longer-term programme.
Iofina, specialists in the exploration and production of iodine, with vertical integration into specialty chemical iodine derivatives, will be holding its Annual General Meeting ("AGM") later today. At the AGM, Executive Chairman, Dr Chris Fay, will provide the following update on activities since the publication of the Group's audited Final Results for the year ended 31 December 2012: "I am pleased to report on a highly active five months in the new financial year, a period which saw the Group successfully raise $15 million with the issuance of a two year convertible bond at a 6.
Managing director of National Iranian Oil Company (NIOC) says the company plans to absorb as much as 25 billion dollars for investment in development, exploratory and seismic operations during the current Iranian calendar year up to March 2014. Speaking at the end of seismic operations at Ahwas oil field, NIOC's managing director, Ahmad Qalebani, said the company managed to attract as much as 24 billion dollars in the above mentioned areas last year.
Technology company The Linde Group will be managing the gas supply infrastructure of SIBUR, the largest petrochemical company in Russia, CIS and Eastern Europe, at its Dzerzhinsk site in the Nizhny Novgorod region of Russia, also building and operating two new air separation units (ASUs). Both companies signed a long-term contract to this effect yesterday.
Essential Energy Services Ltd. (TSX:ESN) announce Robert B.
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has filed an intent to drill the Anna #1 well on its B&W Ranch Lease located in Chautauqua County, Kansas.
Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company, would like to update investors today on significant progress with some of the major projects currently under development.
Investcorp Gulf Opportunity Fund announced today that it has agreed to acquire a 38% stake in Al Yusr Industrial Contracting Company WLL ("AYTB"), a leading provider of technical industrial support services to the petrochemical, oil & gas and other key industrial sectors in Saudi Arabia and Qatar. AYTB was founded in 1979 in Jubail and over its 33 year history has made a significant contribution to the industrial growth of the Kingdom of Saudi Arabia.
L1 Energy has been established as the global oil and gas investment vehicle of Alfa Group, one of Russia's leading privately held investment companies. L1 Energy is part of LetterOne Group, Alfa Group's new international corporate investment vehicle, which will also include the Group's telecommunications assets as well as its financial assets resulting from the sale of its stake in TNK-BP.
Further to the announcement made on 16 April 2013 with respect to the Company being in default of significant outstanding financial commitments on its I-1 Well, Silvermere announces that it has received a demand notice from Dominion Production Company LLC, the operator of the I-1 Well, for full payment of amounts outstanding to them totalling $229,445.29 on or before 15 July 2013.
The President of Venezuela, Nicolas Maduro, the Minister of Petroleum of Venezuela, Rafael Ramirez, and the CEO of Eni, Paolo Scaroni, met yesterday in Rome to discuss the activities and joint projects in Venezuela. During the meeting, which was held in an atmosphere of cordiality, they discussed the progress of the Perla super-giant field project, one of the largest gas fields discovered in the world in recent years, and Junín-5 oil field project.
Oryx Petroleum Corporation Limited (TSX: OXC) announces that on June 10, 2013 the Sakson Hilong 10 rig (2000 HP) spudded the AAS-1 well in the Hawler license area in the Kurdistan Region of Iraq. The AAS-1 well is targeting the Ain Al Safra prospect which is estimated to contain 225 MMbbl in unrisked gross (100%) prospective oil resources (risked: 44 MMbbl) based on evaluations as of March 31, 2013 made by Netherland, Sewell & Associates, Inc.
GeoPark Holdings Limited, the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina (AIM: GPK), is pleased to announce the successful drilling, testing and putting into production of the Tarotaro 1 exploration well on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 Block.
Penn Virginia Corporation (NYSE:PVA) announced today that it has received $21.4 million in cash from the exercises of preferential rights related to the recently completed $401 million Eagle Ford Shale acquisition.
Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) announces the completion of the farm-out agreement announced in December 2012 with subsidiaries of Total Exploration and Production ("Total") and China National Petroleum Corporation ("CNPC") whereby each acquired a one third interest in its Bokhtar Production Sharing Contract (the "Bokhtar PSC") in Tajikistan. The Bokhtar PSC covers an area of some 35,000 km2 and contains some 27.
Nighthawk Energy (LON:HAWK) announced this morning the start of oil production from the Taos 1-10 well, with initial rates between 400 and 500 barrels a day. Production from the Steamboat Hansen 8-10 and Big Sky 4-11 wells is continuing at a combined rate of around 700 bbls/d with no water production.
Manitok Energy Inc. (TSX VENTURE:MEI) announces that, subject to TSX Venture Exchange acceptance, it intends to conduct a normal course issuer bid (the "Bid") to purchase for cancellation up to 6.
Northcote is pleased to announce that, further to the announcement by the Company on 3 May 2013, it has completed the acquisition of the Mathis Property for US$325,000. The acquisition provides the Company with a 100% working interest in an additional 960 acres contiguous to the Company's Horizon Project.
Buccaneer Energy Limited provide the following update on the progress of the Cosmo # 1 well in which the Company has a 25% working interest: Time: 9.00am (Sydney) 18 June 2013 / 3.
Tap Oil Limited (ASX:TAP) provides the following update of the Bianchi-1 gas appraisal well in Retention Lease WA-49-R. The well will target sandstones in a Triassic age Mungaroo Formation within a separate fault block down dip of the Zola-1/ST1 gas discovery.
The upper oil bearing sandstone was successfully perforated and swabbing operations commenced yesterday with 30 Bbls clean oil with no water having been recovered at the surface after only 9 swab runs in 2.5 hours, before the swabbing equipment broke off and was left in the hole.
Oil major BP cut its global natural gas reserves estimate for the first time in decades, revising Russia's still classified holdings down sharply and putting Iran at the top of the world league table. In its Statistical Review of World Energy published on Wednesday, BP put global proven gas reserves at 187.
Vanoil Energy Ltd. (TSX-V:VEL), reports that the current Technical Evaluation Agreement ("TEA") with the Rwandan Ministry of Natural Resources has expired effective June 13, 2013.
| Tuesday, June 18, 2013
Panoro Energy ASA announce that its wholly owned subsidiary Pan-Petroleum Aje Limited, has entered into a Sale and Purchase Agreement (the 'SPA') with the Nigerian company Lekoil 113 Nigeria Limited (the 'Buyer') for the sale of Panoro's 6.502% participating interest in the OML113 license offshore Nigeria for a consideration of US$30 million.
| Tuesday, June 18, 2013
Black Elk Energy Offshore Operations, LLC, an independent oil and gas company headquartered in Houston, reported today the successful flowtest at Ship Shoal Block 198 Well #I-6. This is the first of a four well capital campaign at Ship Shoal Block 198.
Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in May 2013 to 131,374 barrels of oil, corresponding to 4,238 barrels of oil per day (bopd). The total production from Blocks 3 and 4 amounted in May to 437,914 barrels of oil, corresponding to 14,126 bopd.
The Board of Woburn is pleased to announce that on 14 June 2013 Woburn received payment of the third and fourth instalments in respect of the disposal by its 51 per cent. owned subsidiary, LQRC, of its 50 per cent.
Shell announced today 10 years of oil sands production as operator of the Athabasca Oil Sands Project (AOSP). Starting with just a handful of employees, over the last 10 years Shell has built an oil sands mining and upgrading business capable of delivering over a quarter of a million barrels per day, providing 17% of Canada's total oil production, and employing over 3,000 staff and thousands of contractors.
Petromin Resources Ltd. was advised by TerraWest Energy Corp.
Madalena Ventures Inc. (TSX VENTURE: MVN) is pleased to provide the following update: International Update - Hiring of Advisor and Curamhuele Block Extension As announced in a press release dated June 11, 2013, the exploration period for Madalena's 90% W.
Dakota Plains Holdings, Inc., (OTC: DAKP) today announced the execution of a new credit facility.
Bengal Energy Ltd. (TSX: BNG) announces its financial and operating results for the fiscal year ended March 31, 2013.
BNK Petroleum Inc. (TSX: BKX) is pleased to announce that its 2013 Annual General Meeting will be held on July 19.
Carbon Sciences Inc. (OTCBB: CABN), provider of a complete solution for transforming abundant and affordable natural gas into clean burning gasoline and other transportation fuels, announced that it is focusing on Oklahoma as the location of its first gas-to-liquids (GTL) plant.
Analysing Evaluate Energy’s recently released 2013 capital expenditure and average well cost data for the major US shale plays, it becomes clear that foreign companies will have a huge influence on how the industry develops over the coming year. Joint ventures involving foreign investors, which have been entered into over the past few years, have budgeted to spend big this year, and will be amongst the biggest spenders in the country for the second year in a row.
Spyglass Resources Corp. (TSX:SGL) announces that the board of directors has approved the June 2013 monthly cash dividend of $0.
EP Energy LLC announced that it has entered into three separate purchase and sale agreements for the sale of natural gas properties as a result of a previously announced marketing effort. The company entered into an agreement with Atlas Resource Partners, L.
Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces regarding operations on the Altima Chambers 14-35-41-11 W5M well (refer to News Releases dated May 16, 2013), that fracture stimulation operations were completed on June 16, 2013.
Petrominerales (TSX:PMG) (BVC:PMGC) announces an operational update highlighted by our Curito-1 discovery well that tested over 5,900 barrels of oil per day ("bopd"). Curito Discovery, Casanare Este Block, Central Llanos Basin, Colombia (100% WI) The Curito-1 exploration well was drilled to target depth of 10,390 feet.
Petrobras purchased its first shipment of Liquefied Natural Gas (LNG) on Friday (June 14th) from Angola. The commercial agreement was held with Sonangol, the Angolan state company, and a shipment of 160,000 m³ of LNG, equivalent to 96 million m³ of natural gas, left the port of Soyo, Angola, on Sunday (June 16th) onboard the LNG carrier Sonangol Sambizanga towards Brazil.
| Tuesday, June 18, 2013
XTO Energy Inc., a subsidiary of ExxonMobil, announced the startup of a facility in southwestern Pennsylvania to recover marketable liquids from the natural gas produced in Butler County.
Helix Energy Solutions Group, Inc. (NYSE: HLX) announced that it has closed the previously announced sale of its pipelay vessel, the Caesar, to Trevaskis Ltd.
Samson Oil & Gas Limited (ASX: SSN) (NYSE MKT: SSN) advises on the following operations: North Stockyard (Samson operated North Tier - Working Interest 50.057%) The Sail and Anchor 4-13-14 HBK (Horizontal Bakken) well, as reported last week, drilled from 17,350 feet (MD) to final TD of 18,050 feet (MD).
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the SAGW-4 appraisal well in the Sagiz West Field has reached a total vertical depth of 1,558 metres, with electric logs and pressure data from the well indicating 20 metres of net hydrocarbon pay over a 62 metre interval from 1,222 to 1,284 metres. Pay intervals include 16 metres of gas condensate and four metres of oil.
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) announces the commencement of development drilling operations on the Stella field, with the first well on the field having been spudded using the Ensco 100 heavy duty jack-up rig.
Highlights Proposed acquisition from a subsidiary of Panoro Energy ASA of a 6.502 per cent.
| Tuesday, June 18, 2013
Coastal Energy Company (TSX: CEN, AIM: CEO), an independent exploration and production company with assets in Southeast Asia, today announces the results of the Bua Ban North B-17 and Ko Kra A-01 exploration wells and an update to its 2013 guidance. Bua Ban North The Bua Ban North B-17 well was drilled to a depth of 3,800 feet TVDSS.
The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM ("JPRL") and ASX ("JPR"), announces that all funds due from the recently announced Convertible Notes issue have now been received. The final breakdown of subscriptions for the Convertible Notes is as follows: Waterford Petroleum Limited: $US3m SNG Investments Limited: $US2m Midocean Holdings Limited: $US1m Mobile Energy Limited: $US3mIt should be noted that this breakdown is slightly amended from what was announced on 31 May 2013 in that Midocean Holdings Limited replaced Weighbridge Trust Limited in taking $US1m of the Convertible Notes.
Leyshon Resources Limited (AIM/ASX:LRL) provides the following update from its Zijinshan Gas Project, located on the eastern fringe of the prolific Ordos Gas Basin in Central China. Its wholly owned subsidiary Pacific Asia Petroleum Limited (PAPL) has discontinued the testing of well ZJS6, the second well drilled in the current programme, located on the southern boundary of the licence due to technical problems.
Ocean Rig UDW Inc. (NASDAQ: ORIG), a global provider of offshore deepwater drilling services, announced today that it has received a Letter of Award for its ultra deepwater drillship "Ocean Rig Skyros," from a major oil company.
| Monday, June 17, 2013
Americas Petrogas Inc. (TSX VENTURE:BOE) provide the following update of its unconventional shale oil and shale gas activities in Argentina.
North Sea Energy Inc. (TSX VENTURE:NUK) announces that the Norfolk joint-venture partners met recently for a Technical Committee Meeting in Aberdeen, hosted by the operator, First Oil Expro Limited.
Norstra Energy (OTCBB:NORX) (OTCQB:NORX) announce that the new location for the first well has been surveyed on the new 17,988 acre block and the 10 day notice and advertising period for issuance of the drilling permit will commence this week. The Company expects the permit to drill to be issued between July 1 to July 3.
New Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) announce that it has finalized the Sale and Purchase Agreement ("SPA") to acquire strategic upstream and midstream assets (the "Acquisition") from Origin Energy Resources NZ (TAWN) Limited, a wholly-owned subsidiary of Origin Energy Limited (ASX:ORG) (collectively "Origin"), subject to meeting the financing condition precedent by August 14 and the government approval condition precedent by September 13, in order to close the Acquisition by September 20, 2013.
Thailand - Concession L53 (Pan Orient Operator and 100% Working Interest) L53-DC4ST1 Appraisal Well Pan Orient Energy Corp. (TSX VENTURE:POE) is pleased to announce that the L53-DC4ST1 appraisal well encountered approximately 40 meters (true vertical thickness) of gross wire line log interpreted oil pay in the "A1" and shallower "HO" sands.
MDU Resources announced that construction of the Dakota Prairie Refinery project is on track with initial site grading substantially complete. Dakota Prairie Refinery, when complete, will be the first greenfield refinery built in the U.
Holloman Energy Corporation (OTCQB: HENC) report that access roads leading to the Wolfman #1 drill location on Petroleum Exploration License ("PEL") 112 are complete. Extensive drill site preparation has also taken place to receive the drill rig in late June.
GreenHunter Resources, Inc. (NYSE MKT: GRH)(NYSE MKT: GRH.
Doxa Energy Ltd. (TSX VENTURE:DXA) (OTCBB:DXAEF) (FRANKFURT:5D0) provided an update of its 2013 drilling program in the Mississippian Lime Play and other areas.
PanTerra Resource Corp. announces that it has closed the first tranche of an asset sale at its Carrot Creek property that was previously announced on June 4, 2013.
Petromin Resources Ltd. announces that the expiration date of warrants issued in respect of a private placement which closed on June 18th, 2012 has been extended additional two years.
Natural Resource Partners L.P.
Angola LNG, the Soyo-based facility built to create value from Angola's offshore gas resources, confirms that production of liquefied natural gas (LNG) has safely commenced at the Angola LNG plant in Soyo and that its first cargo has been shipped today. This marks the first new LNG supply to come on-stream since 2010, and provides a new source to meet the increasing global demand for LNG.
| Monday, June 17, 2013
Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) announced updated production guidance for the second quarter and full year 2013.
New World Oil & Gas (LON:NEW) announced this morning that it has secured a six-month extension in work programme commitment deadlines for Licences 1/09 and 2/09 at its Danica Jutland Project in Western Denmark. The extension was agreed with Danica Jutland ApS and the Danish North Sea Fund, and approved by the Danish Energy Agency.
Abraxas Petroleum Corporation (NASDAQ:AXAS) announce the signing of a definitive agreement to sell the majority of the Company's non-operated Bakken properties and provide a financial update. Non-Operated Bakken Definitive Agreement Abraxas signed an agreement to sell the majority of the Company's non-operated Bakken properties to Natural Resource Partners L.
San Leon announce that all necessary approvals have been obtained to perform the hydraulic fracture work on the Lewino-1G2 well, Gdansk W concession in the Baltic Basin, described in the announcement dated 8 May 2013. Mobilisation will commence shortly, and operations are expected to commence during the first week of July.
Plains Midstream Canada continues to respond to a release on its six-inch, 79 kilometre Kemp pipeline system approximately 90 kilometres north west of Manning, Alberta. The pipeline system remains shut in and more than 40 workers are on site conducting containment and clean-up activities, supported by senior staff from Plains' Calgary office.
Caracal Energy Inc. announced that it completed a previously disclosed Farm-in Agreement with GlencoreXstrata plc for the 25% farm-in for the development of the Badila and Mangara oil fields in Chad.
| Monday, June 17, 2013
Progress and Status Origin Energy, on behalf of the Block 121 Joint Venture,is pleased to announce that the 121-Ca Voi-1X well spudded at 0730 hours local (Vietnam) time on 15 June 2013. The well is being drilled using the semisubmersible drilling rig Ocean General.
Scaffolding specialist MAS Australasia Pty Ltd ('MAS') a subsidiary of AusGroup Limited, a leading provider of fabrication, manufacturing, construction and integrated services to the oil and gas and resources sectors, has secured an initial AU$34.5 million contract with CB&I and Kentz Joint Venture (CKJV) on the Chevron-operated Gorgon Project.
First Titan Corp. (OTCBB: FTTN) continues its determined pursuit of Texas oil and gas this week, targeting assets in Waller County for potential acquisition.
Yesterday the upper oil bearing sandstone was successfully perforated at Malolos-1 well. The perforation guns were covered in oil on retrieval.
Far East Energy Corporation (OTCBB:FEEC) the US listed company that operates the Shouyang PSC in Shanxi Province, People's Republic of China, announced that 7 new wells have commenced in the 17 days since the last 2013 drilling program update release issued on Tuesday, May 28, bringing to 30 the number of wells spudded in 2013. They are production wells 128D, 62-3D, and 81-4D, as well as appraisal/exploration wells SYE-05, SYE-14, SYS02-1D, and SYW-14.
My observation remains that the last big innovation or disruptive breakthrough in subsurface interpretation was almost 20 years ago when Geoquest and Landmark 'invented' the 3D seismic interpretation workstation. My 'silent majority' are the folk who actually do the innovative work in oil & gas companies who are not only ignored, but hamstrung, by the technology and the purchasing policies of their companies! Since then, improvements have been incremental and the systems have fallen increasingly under the control of IT and supply chain managers who like low risk, competitively priced contracts with major suppliers that define a bundle or 'stack' of hardware, operating systems, master software license agreements, and most importantly, applications, in turn leading to high prices, lock-in and an inability to respond to business needs with innovative new applications.