Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
Oil development plans nearly ready for Senegal
by Daniel J. Graeber
Washington (UPI) May 18, 2017


Operators drilling for oil offshore Senegal said they have enough data to start preparations for submitting development plans to the government next year.

Cairn Energy, which has a controlling interest in some of the operations in the oil basins off the coast of Senegal, said oil flowed from its SNE-6 appraisal well, which also proved it was connected to other wells in the series.

"This is our ninth successful well in Senegal in three years," Cairn Energy Chief Executive Simon Thomson said in a statement.

The initial oil discovery at the SNE field was made in 2014 and the find was quickly lauded as one of the largest. By the estimates of the companies involved, more than 1.5 billion barrels of oil may be in basins off the coast of Senegal. The SNE oil field met the minimum threshold to be considered a commercial opportunity by the third quarter of 2016.

Cairn, which has headquarters in Edinburgh, leads a joint venture targeting oil opportunities off the coast of Senegal. The Scottish company said most of the wells offshore Senegal have been completed ahead of schedule and under budget since operations began in 2014.

Cath Norman, the managing director at minority partner FAR Ltd., said an SNE appraisal program designed to prove the opportunity is worth it has been a success.

"The joint venture now has the essential data to progress with pre-development work and plan to submit a SNE field development plan to the government of Senegal in 2018," she said in a separate statement.

FAR in particular is focused on the broader Mauritania-Senegal-Guinea-Bissau basin, which has boasted at least eight oil discoveries so far. The final investment decision for the development of the SNE field is expected by 2019.

OIL AND GAS
Support for OPEC production cut lifts oil prices early Wednesday
Washington (UPI) May 17, 2017
Support for an extended OPEC-led effort to balance the market with production declines helped boost oil prices Wednesday despite a build in U.S. supplies. Russia and Saudi Arabia started off the rally this week by supporting a move to extend the effort from the Organization of Petroleum Exporting Countries into March, three months longer than initially planned. Non-OPEC members have sin ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Triple play boosting value of renewable fuel could tip market in favor of biomass

Insight into enzyme's 3-D structure could cut biofuel costs

Microbial fuel cell converts methane to electricity

A full life cycle assessment of second-generation biofuels

OIL AND GAS
NRL Tests Autonomous 'Soaring with Solar' Concept

EU SmartFlex project finishes reference solar facade

InnoEnergy-backed Solaris Offgrid raises 1M Euro to tackle global electricity poverty

Beaumont Solar Announces the Beaumont "Big C" Services Unit to Solar Industry

OIL AND GAS
Scientists track porpoises to assess impact of offshore wind farms

Dutch open 'world's largest offshore' wind farm

OX2 will manage a 45 MW wind farm owned by IKEA Group in Lithuania

Building Energy celebrates the beginning of operations and electricity generation of its first wind farm

OIL AND GAS
Swiss vote for gradual nuclear phaseout, energy makeover

Hungary: AREVA NP awarded contract for safety IC modernization at Paks Nuclear Power Plant

India to build 10 domestic nuclear power reactors

Japan restarts another reactor

OIL AND GAS
The EU: What happened to climate's poster child; Canada blocks audit change

Rising temperatures threaten stability of Tibetan alpine grasslands

New scrutiny of poles as world braces for climate shifts: UN

Tillerson: Trump will not rush US climate policy review

OIL AND GAS
Singapore car 'vending machine' dispenses with tradition

GM announces drive for sustainable rubber

Judge curbs Uber engineer in trade secrets case

Volvo says may pull brake on diesel engines

OIL AND GAS
Brisk business for Mosul's first post-IS liquor store

Rescued 'human shields' tell of Mosul horror

IS 'on brink of defeat' after losing 90% of west Mosul: officers

Militants kill two Iraqi police in anti-IS stronghold

OIL AND GAS
US would talk to N. Korea if missile, nuclear tests stop: Haley

North Korea poses threat to China, Russia: US admiral

UN Security Council weighs new sanctions on North Korea

S. Korea, US to hold Washington summit in June: Seoul




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement