Equinor ASA said Friday it has made yet another oil and natural gas discovery in the northern part of the North Sea, building on efforts to maintain strong production for Europe in the years ahead as the continent continues to wean itself off Russian supplies. The new discovery in the company’s Troll/Fram area comes in…
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Eni FPSO Arrival Shifts Flagship Mexico Offshore Project Into Ramp Up Mode
Italy’s Eni SpA, one of Mexico’s leading private sector oil producers, said a floating production, storage and offloading (FPSO) vessel had arrived offshore Tabasco allowing for production to ramp up in the Area 1 development. In mid-2019, Eni became the first private sector operator to record offshore oil production in Mexico at its Area 1…
Huge Oil, Natural Gas Discovery Reported in China’s Tarim Basin
A China National Petroleum Corp. (CNPC) subsidiary has made a giant oil and natural gas discovery totalling an estimated 1 billion tons of reserves in the prolific Tarim Basin in northwestern China, according to reports. “This has been the largest discovery of oil exploration in the Tarim Basin in the recent decade,” Tarim Oilfield Co.’s…
France’s Total Makes Second Gas Discovery Offshore South Africa
Total SA has made a second significant gas condensate discovery offshore South Africa, management at the French major said Wednesday. The latest discovery is in the Luiperd prospect, in Block 11B/12B in the Outeniqua Basin, 175 kilometers (109 miles) off the southern coast of South Africa. The Luiperd well was drilled to a depth of…
Gazprom Touts Another Natural Gas Discovery in Yamal
Russia’s state-owned Gazprom said it has made its fourth natural gas discovery in the last two years on the shelf of the Yamal Peninsula in the Kara Sea. An exploratory well reached a flow rate of about 600,000 cubic meters/d (21.2 million cubic feet/d), which “proves that the new deposit contains substantial amounts of gas,”…
Eastern Med’s Prolific Natural Gas Resources Looking Rock Solid with Eni’s 4 Tcf Discovery
An estimated 4 Tcf of additional natural gas resources has been discovered offshore Egypt in what is becoming one of the most prolific resource areas of the world. Operator Eni SpA and BP plc on Wednesday said a gas-heavy strike was made in the Nidoco NW-1 well in the Abu Madi West Development Lease. The…
Barron Petroleum Claims Major Oil, Gas Discovery in Permian
Privately held Barron Petroleum LLC said it made a substantial oil and natural gas discovery at a 13,000-acre field in West Texas. The Graham, TX-based exploration and production company, which has been working with geoscientist William Purves on the project since 2018, said a discovery well found an estimated 74.2 million boe in reserves. The…
Eni’s Natural Gas Discovery Offshore Egypt Adds to Plethora of Eastern Med Opportunities
Italian supermajor Eni SpA has struck natural gas in its first exploration well in the North El Hammad offshore Egypt in the Nile Delta, adding to a gusher of opportunities in the region. Eni, which operates the block in the Eastern Mediterranean (Med) with partners BP plc and Total SA, said the discovery at Bashrush…
80 Tcf Jebel Ali Discovery May Move UAE Toward Natural Gas Self-Reliance
Coming in as one of the world’s largest natural gas discoveries in recent years, the United Arab Emirates (UAE) announced earlier this month that it has hit on 80 Tcf of shallow gas resources between Saih Al Sidirah and Jebel Ali in the Emirates of Abu Dhabi and Dubai, respectively.
NGI The Weekly Gas Market Report
Natural Gas Discovery Offshore Mauritania Further Confirmed, Says BP
A recent three-well drilling campaign offshore Mauritania and Senegal has further established the extent of the world-class scale of the natural gas resources that could help feed an innovative floating liquefied natural gas (FLNG) project.