Caza Oil & Gas Inc. (TSX:CAZ) announced that drilling has begun at its Forehand Ranch prospect, which is located in New Mexico. The well will be drilled to a total measured depth of about 11,929 feet. Caza also provided an update on its operations.
Articles Tagged "drilling"
Royal Dutch Shell plc (NYSE:RDS.A) announced an update on its offshore Alaska oil and gas drilling program, commenting that it has a variety of oil spill response equipment in position. However, the containment dome on one of its barges was damaged during testing and now needs to be repaired; as a result the company has decided not to drill into hydrocarbon zones this year.
USA Today reported that Royal Dutch Shell plc (LSE:RDSA) began preliminary work on an exploratory oil and gas well in the Chukchi Sea off the coast of Alaska at 4:30 a.m. on September 10. Drilling has not taken place at this location for over 20 years.
An overview of three technologies that have the potential to push the boundaries of offshore drilling in the near future.
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
By Duncan Sutherland – Exclusive to Gas Investing News Market news What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches. Barring a major depression of the sort where people make shoelace soup, winter means more demand for [...]