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Exploration

 

Anadarko hits oil at Caesar-Tonga

Anadarko Petroleum has announced that it has struck oil at its Caesar-Tonga development in the Gulf of Mexico.

 
 
 

ExxonMobil and GE back University initiative

ExxonMobil and GE have publicly announced their support for a new university initiative designed to help bring latest LNG best practices to shale development.

 
 
 

Statoil makes high impact discovery offshore Tanzania

Statoil has made a huge gas discovery in the Block 2 license offshore Tanzania in the Zafarani exploration well, logging results show that reserves may be as high as 5 trillion cubic feet.

 

Austin exploration raising funds for new shale exploration programme

Austin Exploration Ltd has resolved to raise up to approximately $20 million to fund a new drilling campaign in the Eagleford and Niobarra shale areas. The company plans to raise the funds through a share placement and a shareholder share purchase plan.

 

API comment on energy security

The American Petroleum Institute has called the President’s approach to energy security a Jekyll and Hyde approach and says it hurts consumers.

 

Energulf Resources estimates over 23 billion bbls of oil in offshore Namibia block

EnerGulf Resources Inc. has announced the results of a report into the 2.2 million acre Block 1711, located offshore Namibia. The Prospective Oil and Contingent Gas Resources Report prepared by the firm Netherland Sewell and Associates Inc. includes an unrisked gross mean estimate of potentially 3.166 Billion barrels of oil on the block.

 
 

USA and Mexico to cooperate on Gulf of Mexico E&P

The USA and Mexico have agreed to work together when drilling for oil and gas that goes beyond the shared maritime boundary. The US secretary of State Hilary Clinton and The Mexican Foreign Secretary signed the deal yesterday in the presence of the Mexican President Felipe Calderon and the US Interior Minister Ken Salazar.