World Oil (WO) – On Monday, July 15, Reuters reported that Bolivian President Luis Arce announced the discovery of a 1.7 trillion cubic foot (Tcf) natural gas reserve near La Paz. Arce has reportedly said the field will have a market value of nearly $7 billion. This discovery, the largest since 2005, is expected to become the third-largest producing field
Nasdaq BOGOTA – Colombia’s majority state-owned oil company Ecopetrol on Thursday reported a new oil and gas discovery in Putumayo province. The Alqamari-2 well was drilled to a depth of 9,287 feet and saw daily flow of 1,800 barrels of oil, Ecopetrol said in a statement. The oil is a light hydrocarbon. The rate of associated gas that the well
World Oil TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 kilometers (11 miles) south-east of Sapakara South, Krabdagu-1 was drilled at
By Tyler Losier, Energy Reporter, Oil & Gas 360 Qatar Petroleum signs agreement to farm Total-held exploration acreage in Namibia, Guyana and Kenya Qatar Petroleum (QP), Qatar’s state-owned energy company, has signed an agreement with French supermajor Total SA (stock ticker: TOT), under which the company will farm into Total-held exploration acreage in Namibia, Guyana and Kenya. With regards to
Ecopetrol reports discovery of crude in Boranda-2 ST well at Rionegro, Santander
Shell Announces Deep-Water Discovery in Gulf Of Mexico
New find could contain three times more resources than all South Africa’s previous gas finds to date: Wood Mac By Richard Rostad, analyst, Oil & Gas 360 Total announced a major gas condensate discovery today in an unexpected location: South Africa. The company’s Brulpadda well, targeting prospects located roughly 110 miles off the coast of South Africa, has discovered significant
Taking a chance on overlooked rock formation in Alaska was key From the Anchorage Daily News What companies are calling a “renaissance” at Alaska’s North Slope oil fields can be traced back to a 2013 discovery by a small-scale geologist willing to take big risks. [contextly_sidebar id=”fKDH9RBs2nhWcPVdHHfqtqSPmIwdUi56″] Bill Armstrong is credited with finding massive quantities of oil in an overlooked
Toronto-based Frontera Energy Corporation (ticker: FECCF) announced a light oil discovery in the Llanos-25 Block in Colombia. The discovery was made on the Acorazado-1 exploration well. According to a presentation from Frontera, the Llanos-25 property is a 168,805-acre property for which the company has 100% working interest. “The Acorazado-1 exploration well is the fourth exploration discovery in Colombia so far in 2018,
GeoPark Announces New Jauke Gas Field Discovery in Chile
Williams (NYSE: WMB) has announced its midstream entry into Colorado’s DJ Basin and the exit of Williams Partners L.P. (NYSE: WPZ) from the Four Corners Area in New Mexico and Colorado. Into the DJ Williams and KKR & Co. (NYSE: KKR) have entered into an agreement to jointly purchase Discovery DJ Services from TPG Growth for $1.173 billion. Discovery is
Shell is projecting estimated peak production of 40 MBOEPD from Kaikias Shell Offshore, Inc. (ticker: RDS.A) started production early at the first phase of the Kaikias project, a subsea development in the U.S. Gulf of Mexico with estimated peak production of 40,000 BOEPD. Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in
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