Sino Gas & Energy Holdings Ltd., Perth, has spudded the SJB1 coalbed methane appraisal well on the 1,100 sq km Sanjiaobei production sharing contract in the Ordos basin in China.
A warning by the US Federal Reserve Bank that the global economy likely will remain at risk for years resonated like a voice of doom through world markets Sept. 21, stampeding traders away from high-risk investments such as crude oil.
Russia’s undulating tax regime for oil and gas companies is expected to change again Oct. 1.
TGS-NOPEC Geophysical Co. began shooting a 2D multiclient seismic survey in eastern Indonesia just north of Sunrise and Troubadour gas fields and west of Abadi gas field.
Tethys Petroleum Ltd. said drilling and log data indicate that the Doris AKD06 appraisal well in Kazakhstan encountered oil in the Cretaceous sandstone and Jurassic limestone reservoirs.
HRT Participacoes em Petroleo SA, Rio de Janeiro, said its 1-HRT-1-AM well in Brazil’s Solimoes basin is being logged after penetrating five crude oil intervals in aeolian sandstones in the Devonian Marimari Group and three gas intervals, two in the Jurua formation and one in the Marimari Group.
The international community has afforded Cyprus political protection to explore for oil and natural gas inside its exclusive economic zone, which is near to large gas finds in Israeli waters.
International news for oil and gas professionals
Federal, state, and local officials announced a settlement in which owners of a container ship, which struck the San Francisco-Oakland Bay Bridge and spilled 1,261 bbl of fuel oil into the bay, agreed to pay $44.4 million to resolve all penalties, resource damages, and response costs.