Strategic’s West Marlowe play receives first 4-well pad Strategic Oil & Gas Ltd. (ticker: SOG) has drilled its first four-well pad in the development corridor at West Marlowe in northern Alberta. Strategic reported that its recent Muskeg horizontal well, 2-13, has an average rate of 1,263 barrels of oil equivalent per day (BOEPD) over the last 24 hours on test. Strategic
Total: “positioned to be the most profitable European major oil company” French oil major Total (ticker: TOT) reported its third quarter earnings today. The company has continued to send the same message every quarter, focusing on increasing production and declining operational costs and capital spending. “We expect the environment to remain volatile but based on our 2015 and first half
New find could deliver significant oil production, jobs and state revenue Privately held Caelus Energy Alaska, LLC announced Tuesday that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. Based on two wells drilled in early 2016 as well as 126 square
Italian drilling services firm Saipem (ticker: SPM) has been awarded more than $1.6 billion in contracts for offshore engineering and construction; the most significant contract relates to the field development project for the supergiant Zohr gas field, off the Egyptian coast in the Mediterranean sea. Petrobel has awarded Saipem an Engineering, Procurement, Construction & Installation (EPCI) contract for the accelerated
The equivalent of 1,400 Gulf of Mexico Blocks: Tillerson Exxon Mobil (ticker: XOM) and Hess Corp. (ticker: HES) announced initial results from the Liza-2 exploration well in the Stabroek block of offshore Guyana. This announcement follow the success of the Liza-1 well in 2015. The results confirm a world-class oil discovery with estimated recoverable resource for the Liza prospect of
NEW YORK, NY –(Marketwired – June 17, 2016) – Petro River Oil Corp (OTCBB: PTRC) (“Petro River” or the “Company”) announced today that drilling has been completed at the Woodburn Forest-1 well in Larne Basin, Northern Ireland. The well was drilled to a depth of 2,000 meters and encountered two conventional, porous sandstone reservoir intervals, the Triassic Sherwood and the
Since 2009, Israel has been on a hot streak of discovery. Sitting 15 miles off the Mediterranean coast of Israel lies a vast resource of natural gas fields. Beginning with the Tamar natural gas field in 2009 and continuing with the Leviathon field in 2011, the Tanin field in 2012, the Karish field in 2013, and the most recent Daniel
Purple Hayes: Eclipse Resources Drills Well with an 18,544 Lateral in the Utica; Nine Energy Service Completes a 124-Stage Plug and Perf Frac on the Well In the Eclipse Resources (ticker: ECR) Q1 earnings call on May 5, Ben Hulburt, Eclipse’s chairman and CEO, dropped a piece of news that’s just now making its way around the circuit. “Perhaps most
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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
Advanced technologies add to Whiting’s success Whiting Petroleum (ticker: WLL), the largest Bakken/Three Forks producer, will be featured in a mini-documentary that will be released on Oil & Gas 360® at 9:00 a.m. Eastern time on Tuesday, January 12, 2016. What does Whiting do differently from other producers? What process inside Whiting has begun to land some of its wells in North
Eni S.p.A. (ticker: E) believes its Zohr Prospect, located about 120 miles off the coast of Egypt, could hold as much as 30 trillion cubic feet (Tcf) of lean gas, the company announced on August 30, 2015. According to the news release, the discovery is reportedly the largest in the history of both Egypt and the Mediterranean Sea. The Zohr
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