![ExxonMobil Drills Two Development Wells on North Slope, Alaska]()
ExxonMobil announced today that it has successfully drilled and tested the PTU-15 and PTU-16 development wells for the Point Thomson project on Alaska’s North Slope, ahead of the year-end 2010 target. “The successful drilling and testing of these wells represents a significant accomplishment and demonstrates we are delivering on our commitments,” said Alaska Production Manager [...]
![USA: Chevron Reports Third Quarter Net Income of $3.77 Billion, Down From $3.83 Billion in Third Quarter 2009]()
Chevron Corporation today reported earnings of $3.77 billion ($1.87 per share – diluted) for the third quarter 2010, compared with $3.83 billion ($1.92 per share – diluted) in the 2009 third quarter. Results in the 2009 period included gains of approximately $400 million ($0.20 per share) from upstream asset sales and discrete tax items. Foreign [...]
![Australia: AWE Ltd. Announces Quarterly Report (September 2010)]()
Awe Limited , Australian based oil and gas exploration and production company,announces quarterly report highlights (September 2010): > The workover of the Pateke-3H well in New Zealand was successfully concluded after the end of the quarter, with the well achieving better than expected initial production rates. > The Adelphi takeover was successfully completed, 100% of [...]
![USA: Halliburton Comments on National Commission Cement Testing]()
On May 22, 2010, President Obama established the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling (the “Commission”) to examine the facts and circumstances to determine the cause of the Deepwater Horizon Oil Disaster, develop options for guarding against future oil spills associated with offshore drilling and submit a final public [...]
![Norway: Lundin to Increase Luno Field Reserves]()
Lundin Petroleum AB announces that the gross Proven and Probable (2P) reserves for the Luno field have increased from 95 million barrels of oil equivalent (MMboe) to 149 MMboe. The Luno field is located in production licence PL338, offshore the Norwegian North Sea. The reserves have been re-evaluated incorporating the results of the appraisal well [...]
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Read More » ![Australia: Woodside Increases Equity in Pluto Central Hub Exploration Permit]()
Woodside advises that it has entered into a Sale and Purchase Agreement to acquire a 50% participating interest in exploration permit WA-404-P, offshore Carnarvon Basin, Western Australia from Hess Exploration (Carnarvon) Pty Ltd. On completion Woodside’s participating interest in WA-404-P will become 100%. The WA-404-P permit contains the Martell, Noblige, Larsen and Larsen Deep gas [...]
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Read More » Polarcus Limited announced today that the Company has received two Letters of Intent for a combined minimum work program of 3,550 square kilometers offshore Southwest Africa, with the high potential for the program to expand to 5,000 square kilometers. The two separate Letters of Intent require the deployment of two 3D seismic vessels, POLARCUS NAILA [...]
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Read More » ![Australia: AWE Announces New Managing Director]()
AWE Limited advises that it has today entered into an Executive Services Agreement to appoint Mr Bruce Clement as its Managing Director effective February, 2011. AWE’s current Managing Director, Mr Bruce Wood, will continue to act in his current capacity until Mr Clement assumes his position to ensure a smooth transition of executive power. Mr [...]
![UK: EnCore Oil Bags Two Licences in 26th Seaward Licensing Round]()
EnCore Oil announces that EnCore and its subsidiaries have been offered two licences covering six blocks and part blocks in the 26th Seaward Licensing Round. All six blocks have been offered under traditional licence terms. EnCore expects to become operator on both of the licences. The licences comprise traditional licences for blocks 14/29e, 20/4c (part), [...]
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Read More » ![Indonesia: Husky Receives Madura Strait Production Sharing Contract Extension]()
Husky Energy announced it has received approval from the Government of Indonesia for an extension to the existing Madura Strait Production Sharing Contract (PSC), originally awarded in 1982. The Madura Strait PSC includes the Madura BD and MDA fields, as well as numerous other prospects and leads. The Madura BD field, which contains natural gas [...]
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