New Zealand's Minister of Energy and Resources Simon Bridges announced the country's third block offering. Up for grabs is a total of 405,000sq km, including both on and offshore acreage. Offshore release areas include the Reinga-Northland Basin…
Chevron’s leadership set out the oil major’s plans out to 2020 this week, including eying exploration opportunities offshore Greenland, to maintain its reserves hopper. Chevron is planning 20% production growth, from 2.6MMboe/d in 2013…
On 20 Feb, oil production in fields operated by Petrobras in the Santos and Campos Basin pre-salt accumulations rose to 407,000bpd, a record daily output. It has taken eight years to achieve this level of output since initial discovery in 2006…
Australia’s AWE reported that the Pateke-4H development well was at a measured depth of 1507m. A 13 3/8-in casing was ran to the planned depth of 1504m. Preparations are being made to cement the casing and prepare for the installation of the subsea wellhead…
Norway's Electromagnetic Geoservices (EMGS) has been awarded a US$5 million contract to acquire 3D EM data in the Asia-Pacific region. The contract, with US oil firm Apache, will see the the BOA Thalassa (pictured)start operations in northwest Australia on 25January…
California-based Chevron Corp. today announced its Australian subsidiary has acquired exploration interests in two offshore blocks located in the deepwater frontier Bight basin. Blocks S12-2 and S12-3, which span more than 8 million acres (32…
Talisman Energy Inc. has announced first oil production from its Hai Su Trang and Hai Su Den (HST/HSD) development, offshore Vietnam. Gross production is expected to reach 15,000 b/d once the facilities are fully commissioned. 'We are…
The first section of this article will review the active, and quite unique, North Atlantic hurricane season of 2012. The remainder of the article will detail the North Atlantic basin tropical forecast for 2013. The forecast will examine…
Pacific Rubiales Energy Corp. opted to acquire a 35% interest in Block S-M-1166 held by Karoon Gas Australia Ltd. through the funding and participation in the Bilby-1 exploration well, in the Santos Basin off Brazil.Click to view larger…
Australian firm spuds new well off Brazil Click to view largerKaroon spudded its Emu-1 exploration well located within Blocks S-M-1102 and S-M-1037 in the Santos Basin off Brazil, the company announced on 11 February 2013.Karoon…
As oil and natural gas production continues to fluctuate at a level well below demand, John Mueller looks at New Zealand’s growing need to aggressively explore the nation’s vast and extensive offshore sedimentary basins.Taranaki Basin, located along the west coast of New Zealand’s North Island…
Australian firm locates light oil off Brazil Click to view largerKaroon Gas Australia has encountered light oil at the Kangaroo-1 exploration well on Block S-M-1101 in the Santos Basin off Brazil, partner Pacific Rubiales announced on 25 January 2013…
Kitimat LNG illustrationChevron buys EOG, Encana stake in Kitimat LNGEOG Resources and Encana have sold their shares in Kitimat LNG and the Pacific Trail Pipeline to Chevron, the supermajor announced on 24 December 2012.The financial terms of the deal were not disclosed…
The solutions group of Crowley Maritime and PB Towage, part of the Pacific Basin Shipping group, have formed a business alliance that combines their respective services and regional positioning to collectively broaden their project management…
Integrating several imaging and modeling technologies can reduce exploration risk. Ian Bryant (Schlumberger) and Paul Xu (formerly of Ipex) present an integrated basin and petroleum system study that predicted many oil and gas accumulations in a relatively unexplored region offshore Brazil…
