At PDAC 2013, Keith Schaefer, editor and publisher of Oil & Gas Investments Bulletin, spoke with INN Editor Vivien Diniz about why junior oil and gas explorers are being pushed into frontier regions, why condensate is important and why oil prices are going to drop this year.
Articles Tagged "exploration"
Reuters reported that Ecuador thinks it will be able to garner about $1 billion in investments by auctioning off oil blocks for exploration. The country has a total of 16 blocks available; three are reserved for state-run Petroamazonas while the other 13 are set to be auctioned off on November 28.
Bloomberg reported that Royal Dutch Shell plc (LSE:RDSA) and Repsol SA (OTC Pink:REPYY) both made winning bids at Colombia's latest auction of oil and gas exploration blocks.
Canacol Energy Ltd. (TSX:CNE) provided an update on its 2012 exploration programs in Colombia, commenting that its plans include targeting conventional light and heavy oil — along with non-conventional light oil — by drilling nine exploration wells.
Reuters reported that Than Htay, Myanmar's energy minister, said the country may offer about 10 offshore and 10 onshore oil and gas exploration blocks now that sanctions have been eased.
Brumby Labor Government has announced the new areas for oil and gas exploration in Victoria. Peter Batchelor confirmed that five onshore areas in the Gippsland Basin are now included as well as two onshore areas and one offshore area in the Otway Basin. Energy and Resources Minister Peter Batchelor is quoted saying: “We are committed [...]
Delphi Energy Corp. (TSX:DEE) announced the company's crude oil and natural gas reserves information for the year ended December 31, 2009.
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
The global economic slump would not have any effect on the auction of oil and gas exploration blocks under ‘NELP-VIII’ launched on Thursday. For full story, click here
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.