Noble Energy, Inc. today announced results from its Leviathan appraisal well in the Amit license offshore Israel. The successful Leviathan #3 well, located more than three miles east of the original Leviathan discovery, encountered approximately 290 net feet of natural gas pay in multiple intervals. The reservoir thickness and quality were greater than anticipated and [...]
December 19, 2011 | Posted in
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Norway’s energy giant, Statoil, yesterday announced plans for development of Luva Field located in Production Licence 218 (PL 218). The field is situated approximately 140 km north of Norne and some 300 km West of Bodø and lies in 1,300 metres of water. Statoil and its partners Exxon Mobil and ConocoPhillips plan to use a [...]
Qatar’s Barzan gas project to supply its booming domestic demand is now expected to cost $10.3 billion, Qatari energy minister Mohammed al-S… Source: Reuters Source: Reuters, November 1, 2011
“ExxonMobil continues to deliver strong financial and operating results. The full year 2010 earnings, excluding special items, were $30.5 billion, up 57% from 2009, driven by higher crude oil and natural gas realizations, stronger refining margins and record Chemical performance. Fourth quarter earnings were $9.3 billion, an increase of 53%. “Oil-equivalent production was 19% higher [...]
Brazil’s offshore Libra oil prospect contains approximately 8 billion barrels of oil, a government energy official said on Monday, vastly… by Times LIVE Source: Times LIVE,September 14, 2010,
EXXONMOBIL’S CHAIRMAN REX W. TILLERSON COMMENTED: “ExxonMobil’s focus on operational excellence continues to deliver strong results. Second quarter earnings, excluding special items, of $7.6 billion, were up 85% from second quarter of last year reflecting higher crude oil realizations, improved downstream margins, and strong chemical results. First half earnings, excluding special items, of $13.9 billion [...]
A British consultant’s report says that the gas pressure at the Tamar well is one of the highest in the world. Source: globes,May 23, 2010;
Det norske oljeselskap ASA has discovered more oil in Draupne. The oil discovery ranks as one of the largest on the Norwegian shelf in recent years and a fast development is likely. A combined development of Draupne and the two neighbouring discoveries Hanz and West Cable holds total estimated recoverable volumes of between 110 million [...]
