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WorldOil: WO Wire Daily News

The latest news and journals from World Oil.
  • Eni announces important new discovery in Mozambique
    ROME -- Eni announces a new giant natural gas discovery in Area 4, offshore Mozambique, at the Coral 1 exploration prospect. The results for this well, drilled in the southern part of Area 4, are of particular significance. The Coral discovery is estimated to contain between 7 and 10 tcf of gas in place, exclusively located in Area 4.

  • U.S. gas prices rebound on hopes warmer weather spurs demand
    Natural gas futures climbed 2.2% Friday as traders shrugged off concerns about growing inventories and focused on growing demand.

  • Magnolia Petroleum to ramp production at U.S. plays
    Magnolia Petroleum Plc announced its participation in three further wells in proven onshore oil plays in Oklahoma, as part of its expansion strategy to rapidly build production.

  • BG makes fifth consecutive Tanzania gas discovery
    BG Group announced its fifth consecutive Tanzania gas discovery with the Mzia-1 exploration well located in Block 1, offshore southern Tanzania.

  • Repsol comes up dry for Cuba exploration well
    WASHINGTON -- Spanish oil firm Repsol YPF has announced that an exploratory well in Cuban waters wasn't successful and will be capped.

  • Shell suggests more realistic Iraq oil target
    LONDON -- Iraq may be forced to cut its ambitious oil production targets by as much as 40%, despite recently boosting output to pre-Gulf War levels, a senior Royal Dutch Shell PLC executive said.

  • Antech completes final phase of coiled tubing drilling program in Kansas Niobrara
    EXETER, England – AnTech Ltd, a directional drilling and design engineering services company serving the upstream oil and gas industries, announced that it has successfully completed the drilling of the final two wells of a five-well coiled tubing drilling (CTD) campaign in shallow reserves of the Kansas Niobrara Formation in the United States.

  • Halliburton gets $95 million Gazprom Neft contract in Iraq
    AMMAN -- U.S.-based energy services giant Halliburton Co has won a $95 million contract from Russian state oil producer OAO Gazprom Neft to test and complete 11 wells at the untapped Badra oil field in eastern Iraq, the firm said in a statement Thursday.

  • Statoil transfers Vilje operatorship to Marathon
    STAVANGER -- Statoil announced that it has transfered operatorship of the Vilje South development to Marathon , as the biggest operator in the area. This transfer of operatorship includes will allow for a rig, planned to be used for the Vilje South development, to be available for other Statoil drilling jobs.

  • Cairn joins Marathon in Cyprus exploration bid
    LONDON -- Cairn Energy PLC said Thursday it has teamed up with Houston-based Marathon Oil Corp. to jointly bid for oil and gas exploration rights in Cyprus, where huge offshore discoveries of natural gas have reignited international tensions over the divided island.

  • DOI to offer 38 million acres in June GOM lease sale
    NEW ORLEANS— Today the Obama Administration provided final details for the Central Gulf of Mexico lease sale announced by President Obama in January 2012, as part of his administration’s ongoing focus on expanding safe and responsible production of our domestic energy sources. Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced the Final Notice of Sale for a June 20, 2012 lease sale that will make available all unleased areas in the Central Gulf of Mexico Planning Area, offshore Louisiana, Mississippi and Alabama, including 7,276 blocks on about 38.6 million acres.

  • Repsol seeks class-action suit against Argentina in NY court
    MADRID - Spanish oil firm Repsol YPF SA said it had filed a lawsuit against Argentina in a court in New York after the country nationalized the company's local unit.

  • Brazil Navy confirms investigation of oil slick off Espirito Santo
    RIO DE JANEIRO -- The Brazilian Navy confirmed Thursday that an oil slick has been spotted off the coast of Espirito Santo state, with a team still on site trying to determine the source of the oil, a spokeswoman told Dow Jones Newswires.

  • Atmos adds Senior VP to management
    HOUSTON -- Atmos Energy Corporation announced the addition of Bret J. Eckert to its senior management team as Senior Vice President. He will join the Company on June 4, 2012 and report to Fred Meisenheimer, Senior Vice President and Chief Financial Officer. Eckert was previously with Ernst & Young LLP, where he was an Audit Partner in the Dallas office.

  • IEA presents freedom medal to Iraq’s Deputy Prime Minister for Energy
    The Deputy Prime Minister for Energy in Iraq, Dr. Hussain Al-Shahristani, has been awarded the Freedom from Fear Medal, which recognizes a lifelong commitment to democratic values in the face of overwhelming challenges.

  • DOI releases update on unused oil and gas leases
    WASHINGTON – As the Obama administration continues to make millions of acres available to for oil and gas development, a report released today by the Department of the Interior shows that more than two thirds of federal offshore acreage leased by industry and more than half of federal onshore leased acreage in the lower 48 states remains idle – neither producing nor under active exploration or development by companies who hold those leases.

  • Norway safety authority gives exploratory drilling consent to BP Norge
    BP Norge AS has received consent from the Norwegian Petroleum Safety Authority (PSA) to use the mobile Polar Pioneer drilling facility to drill exploration well 6507/3-9 in the Norwegian Sea.

  • Total ends Elgin leak, doesn't say when output will resume
    PARIS -- French oil major Total SA said Wednesday it has stopped the natural-gas leak at its North Sea Elgin platform by pumping heavy mud into the leaking well there.

  • BG Group makes fifth consecutive Tanzania gas discovery
    LONDON -- BG Group announced its fifth consecutive Tanzania gas discovery with the Mzia-1 exploration well located in Block 1, offshore southern Tanzania. Mzia-1 is BG Group's first discovery within the deeper Cretaceous section and opens an extensive new play fairway within the Group's offshore acreage in Blocks 1, 3 and 4, to complement the now proven Tertiary fairway.

  • Apache's North Sea Beryl field well flows 11,625 bbl oil, 13 MMcf gas per day
    Apache Corporation announced that an extension well had initial production rates higher than any oil well drilled at the Beryl Field in the U.K. North Sea since 2001.

  • Cove Energy unveils big Mozambique gas find
    Cove Energy Tuesday unveiled a major natural-gas discovery offshore Mozambique amid a bid offer on the U.K. oil and gas company by major Royal Dutch Shell.

  • InterMoor appoints HR Manager
    HOUSTON -- Dana Ourso has joined InterMoor Inc., an Acteon company, as human resources manager in the company's Morgan City, La., office. His responsibilities include planning, directing and coordinating InterMoor's human resource management to maximize the strategic use of human resources and maintain employee compensation, recruitment, human resources policies and regulatory compliance.

  • Total begins operations to kill Elgin's leaking well
    French oil major Total SA Tuesday started the operations to ultimately "kill" a natural gas well at its Elgin platform in the North Sea that has been leaking since March 25.

  • Prometheus Energy relocates headquarters to Houston
    Prometheus, a supplier of liquefied natural gas solutions to the industrial sector, announced that it has moved its headquarters into a new, expanded space at Granite Westchase in Houston, Texas, from its previous location in Redmond, Washington.

  • Proposed rule change may inadvertently boost volatility - IEA
    A recent move by the U.S. government to reduce volatility and prevent excess speculation in oil markets may in fact have the opposite effect, according to the International Energy Agency’s latest Oil Market Report.

  • Shell, Chevron win Ukraine public bid for shale gas fields
    HOUSTON -- Royal Dutch Shell Plc and Chevron Corp. gained the right to develop Ukrainian shale gas fields Yuzivske and Oleske, Prime Minister of Ukraine Mykola Azarov said in his interview with Euronews. The fields are expected to provide Ukraine with up to 10% of domestically consumed natural gas by 2020.

  • Australian natural gas resources total 390 Tcf
    ADELAIDE, Australia - Australia's drive to overtake Qatar as the world's biggest exporter of liquefied natural gas is being underpinned by a resource of around 390 trillion cubic feet of natural gas, which could double in size if exploration for shale gas is successful, Minister for Energy and Resources Martin Ferguson said

  • Total halts Nigeria gas leak(2)
    PARIS -- Total has stopped a natural-gas leak in Nigeria's Niger Delta that began on 20 March during the drilling of a new well in the southern Rivers state, reports said.

  • FMC Technologies awarded offshore loading arm systems contract
    HOUSTON -- FMC Technologies, Inc. announced today that it has signed an agreement with Technip France, on behalf of the Technip Samsung Consortium, to supply offshore loading arm systems as part of the Shell Prelude Floating Liquefied Natural Gas (FLNG) Project.

  • PDC Energy buys liquids-rich Niobrara assets for $330 million
    DENVER -- Petroleum Development Corporation announced today that the company has executed a definitive agreement to acquire Core Wattenberg assets that contain significant liquid-rich horizontal drilling opportunities from a private party for a purchase price of approximately $330.6 million,

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