The challenging Beaufort Sea has been gaining attention from oil and gas producers and explorers looking to make a mega-play discover that makes billion-dollar drilling programs worthwhile.
Articles Tagged "oil exploration"
Reuters reported that the National Oil Corporation of Kenya and Japan Oil, Gas and Metals National Corporation have signed an agreement to evaluate Kenya's onshore petroleum reserves.
Zone Resources Inc. (CVE:ZNR) reports that the exploration team has began work on the Labrador Trough iron properties.
Kulczyk Oil Ventures Inc. (WAR:KOV) reports its well has encountered eight potential gas bearing reservoirs at total depth.
Bridge Resources Corp. (CVE:BUK) and Paramax Resources Ltd., (CVE:PXM) plans to the develop the Willow and Hamilton Fields in Payette County, Idaho.
Reuters reports that on Friday, U.S. crude oil futures plunged after Libya declared a ceasefire.
Bloomberg reports that ATP Oil & Gas Corp. received a U.S. permit to drill in the deep waters of the Gulf of Mexico.
Bloomberg reports that crude oil surged the most in three weeks.
Reports that on Thursday, BP Plc's (NYSE:BP) contract with Libya's National Oil Corporation is still valid.
Treaty Energy Corporation (PINK:TECO) reports a full project review meeting in Belize for the benefit of the leadership of Princess Petroleum Limited.