Oil is flowing from a drill site in what is now the farthest-west producing site on Alaska’s North Slope, ConocoPhillips Alaska Inc. said on Oct. 9.
A consortium led by U.S.-based Talos Energy is looking to partner with Mexico’s state-run energy firm Pemex next year on a plan to jointly develop a potentially lucrative oil and gas discovery pending more drilling, Reuters reported on Oct. 9.
Pemex, whose oil and gas output has been declining since 2004, said light and heavy crudes were found in seven reservoirs along the Mulach and Manik fields in the southern GoM, close to existing infrastructure for production and transportation.
Savannah Petroleum Plc announced the results of the Zomo-1 exploration well as an oil discovery, the company said on Oct. 5.
Amerisur Resources Plc said Oct. 3 that the T sand interval at the Pintadillo-1 discovery has flow tested under natural flow at 590 barrels per day of oil of 30.4 degrees API oil under choke of 18/64-inch with strong wellhead pressure of 110 psi.
In the midst of exploration success in the Gulf of Mexico, W&T said an undisclosed buyer agreed to purchase its overriding royalty interests in the Permian Basin for $56.8 million.
French oil and energy group Total (NYSE: TOT) said on Sept. 24 it had made a major gas discovery on the Glendronach prospect, located off the coast of the Shetland Islands in the North Sea.
The deal, which covers territory in the shallow waters of the GoM, is the first of its kind for Pemex and will be in force for two years.
BW Offshore said Sept. 17 that it has produced first oil from the BW Adolo FPSO, 18 months after the initial investment was made in the Dussafu license offshore Gabon.
Parex Resources Inc., based in Calgary, Alberta and focused on Colombian oil exploration and production, said Sept. 10 it made a discovery in the Capachos Block at its Andina well.