A BILLION-DOLLAR oilfield has been discovered in South Australia’s Far North, the find touted as one of the biggest of its kind on the Australian mainland.
Closely following the announcement by BHP Billiton of a massive copper and gold resource at Olympic Dam, Queensland-based Innamincka Petroleum said yesterday it had discovered 120 million barrels of oil […]
At its Annual General Meeting to be held today, Roger Cagle, Dominion Petroleum’s Chairman, will make the following statement:
“We are very pleased with the progress Dominion Petroleum has made since its inception. We have built up an impressive portfolio of exploration assets in East Africa, which, as a largely under-explored but highly prospective region, […]
ALLIED Gold has committed A$66 million (K172 million) to development of its fully-owned Simberi oxide gold project, which remains on stream to conduct its first gold pour in late October.
In its quarterly report, Allied Gold said yesterday the accommodation village and wharf had been completed and are fully operational with the ball mill and scrubber […]
A federal appeals court has blocked Shell’s aggressive oil exploration plans for the Beaufort and Chukchi seas, ordering all activity stopped until a hearing on Aug. 14.
The order from the 9th U.S. Circuit Court of Appeals came on petitions from the North Slope Borough and Native and environmental groups.
The groups say federal officials should have […]
Pan Andean Resources has been awarded two new exploration blocks in Peru in a competitive tender process. Pan Andean’s new blocks are Block 131 in the central Ucayali basin, and Block 141 located in the Titicaca basin.
Block 131 has a total area of approximately 40 000 square km and is located west of Pan Andean’s […]
Apex Resources Group, Inc. reports progress on the Beaufort Sea Exploration as Shell Oil Company spuds a dozen wells in the Beaufort Sea opening up a new frontier for the oil & gas industry. Apex Resources Group Inc. owns 3.745% working interest in the Itiyok 1-27 Well in the Beaufort Sea.
For more than a decade, […]
The third time proved the charm for American Oil & Gas, which says it has found what could be a substantial natural gas field at the southernmost tip of the Powder River Basin.
A drilling rig, set barely outside city limits and only a mile and a half from a Kinder Morgan gas processing plant, was […]
American Oil & Gas, Inc. announced that drilling operations have been successfully completed at the Fetter Project Sims 15-26H well located in Section 26-T33E- R71W, Converse County, WY. The well was drilled to a total measured depth of 12,840 feet, which includes a horizontal lateral leg of 1,165 feet in the Frontier formation, one of […]
Last fall, a team led by Chevron Corp. became the toast of the oil industry when it demonstrated that an alluring deepwater region of the Gulf of Mexico could deliver on its promise.
Now, oil companies are taking concrete steps to unlock the area’s potential, with an eye toward extracting oil from there in as little […]
The day after massive Hurricane Dennis churned through the Gulf of Mexico in July 2005, a commercial vessel traveling past BP PLC’s hulking Thunder Horse oil platform radioed the bad news to its owner: The platform’s top deck was listing into the water.
When a landing party from BP arrived at the platform two days later, […]