Sunday, December 22, 2024

Offshore Israel Gas Field’s Prospective Volumes Potentially 8.9 Tcf

From Energy Business Review A group led by Isramco Negev and Modiin Energy has reportedly discovered a large natural gas field offshore Israel. Located at the Daniel East and West licenses off the Israel’s coast, the field is estimated to have potential reserves of 8.9 trillion cubic feet of gas. One of the owners Modiin, Tzahi Sultan told Reuters: “Gas

BHP Billiton will Take US$7.2 Billion Pre-Tax Write Down on U.S. Onshore Assets

BHP Billiton expects to recognise an impairment charge of approximately US$4.9 billion post-tax (or approximately US$7.2 billion pre-tax) against the carrying value of its Onshore US assets. This charge will be recognised as an exceptional item in the financial results for the half year ended 31 December 2015. The impairment follows the bi-annual review of the Company’s asset values and

Contango Provides Operations Update

Contango Oil & Gas Company (NYSE MKT: MCF) (“Contango”) announced today an operational update for the three months ended December 31, 2015. Fourth Quarter 2015 Summary Estimated production of approximately 8.0 Bcfe for the quarter (87 Mmcfed; 32% liquids); within guidance Completion of the Popham #1H well in our North Cheyenne prospect, in Weston County, Wyoming, testing at a peak