Discoveries

Conventional Natural Gas, Oil Discoveries Rising Worldwide

Conventional Natural Gas, Oil Discoveries Rising Worldwide

Energy exploration is off to a flying start in 2019, with the majors claiming massive conventional resource discoveries in the first quarter, according to Rystad Energy.

April 9, 2019
Global Reserves Shortfall Forecast If Producers Eschew Exploration Investments

Global Reserves Shortfall Forecast If Producers Eschew Exploration Investments

The global oil market faces a supply shortfall of 4.5 million b/d by 2035 if exploration success — and investments — aren’t stepped up, Wood Mackenzie researchers are forecasting.

April 27, 2016
Global Reserves Shortfall Forecast If Producers Eschew Exploration Investments

Global Reserves Shortfall Forecast If Producers Eschew Exploration Investments

The global oil market faces a supply shortfall of 4.5 million b/d by 2035 if exploration success — and investments — aren’t stepped up, Wood Mackenzie researchers are forecasting.

April 27, 2016

Offshore Operators Optimistic, Onshore ‘Rather Somber’

Offshore activity continues to grow as development begins on a slate of recent discoveries, a sharp contrast to onshore operators, whose “attitude was rather somber,” according to analysts with Raymond James & Associates Inc., who shared their takeaways from the Offshore Technology Conference (OTC) held earlier this month in Houston.

May 20, 2013

Raymond James: Offshore Operators ‘Full of Optimism’

Offshore activity continues to grow as development begins on a slate of recent discoveries, a sharp contrast to onshore operators, whose “attitude was rather somber,” according to analysts with Raymond James & Associates Inc., who shared their takeaways from last week’s Offshore Technology Conference (OTC) in Houston.

May 14, 2013

Unconventionals Lead the Way into 2013

“There are no scenarios that I see where anything is going to stop [the United States] from reaping the benefits of unconventional energy resources,” a Houston-based energy attorney said.

January 2, 2013
Utica Shale Emerging as Possible Triple Threat, Says IHS

Utica Shale Emerging as Possible Triple Threat, Says IHS

It’s too early in the game to know if the productivity power of the Utica/Point Pleasant Shale in Ohio and western Pennsylvania will match other U.S. unconventional plays, but initial natural gas well data is encouraging, and if the oil-prone window is successfully derisked, the play could prove to be a triple-play hydrocarbon monster, according to IHS Inc. researchers.

October 4, 2012

McMoRan Exploration Results ‘Positive’ — Davy Jones Still Blocked

Despite an ongoing struggle to clear a blockage on its Davy Jones prospect, considered one of the biggest natural gas discoveries in the Gulf of Mexico’s shallow waters, McMoRan Exploration Co.’s exploration results “remain positive,” the New Orleans-based producer said.

April 19, 2012

Davy Jones Flowing Within Weeks, Says McMoRan Chief

Davy Jones, considered one of the biggest natural gas discoveries in the Gulf of Mexico’s shallow waters, faces several weeks of delay before commercial production begins after operator McMoRan Exploration Co. reported that a blockage has prevented a measurable flow rate in the first well.

April 10, 2012

EIA Reserves Estimate to Rise on Shale Production

Continued growth in production of shale gas and recent discoveries in deep waters offshore is expected to increase domestic natural gas production through 2035 and will be reflected in the Energy Information Administration’s (EIA) next Annual Energy Outlook, which is due out in December, according to EIA Administrator Richard Newell.

November 2, 2010
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