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




Subscribe to our free daily newsletters



OIL AND GAS
Oil success continues offshore Senegal
by Daniel J. Graeber
Washington (UPI) Aug 7, 2017


Companies exploring the waters off the coast of Senegal said they've made another oil discovery just north of the flagship SNE oil field.

Australian energy company FAR Ltd. and British company Cairn Energy, the operator, said they've discovered oil at the so-called Sirius Prospect in waters just to the north of SNE. Cath Norman, the managing director at FAR, said it's the 11th successful well so far in the campaign.

"The SNE North-1 discovery yet again verifies the quality of the oil and gas generating system in our offshore Senegal permits and is another significant result," she said in a statement.

Cairn is one of Europe's leading independent oil and gas exploration and has a controlling interest at SNE. Hailed as one of the largest discoveries when declared in 2014, the companies tied to Senegal say that SNE, combined with other exploration developments, may hold more than 1.5 billion barrels of oil.

Drilling into Sirius marks the end to a five-well campaign offshore Senegal. The companies said a "slightly lighter" type of oil was uncovered in the prospect, which could be a factor in where any of the oil offshore Senegal would eventually be sent.

Cairn said it was releasing the Stena DrillMAX drill ship and would review with its joint venture partners the potential for further exploration offshore Senegal for next year.

"An update on resources and the SNE development plans will be provided at our interim results later this month," Cairn Energy CEO Simon Thomson said in a statement.

Cairn has a 40 percent working interest in three basins offshore Senegal, Australian energy company Woodside Petroleum holds 35 percent, FAR Ltd. has 15 percent and the national oil company of Senegal holds the rest. The joint venture partners are at odds over who would serve as the operator for some of the basins.

OIL AND GAS
Dallas Fed: Oil prices and exploration activity diverge
Washington (UPI) Aug 4, 2017
U.S. crude oil prices could move close to $60 by the end of the year, but rig counts in Texas could stall, the Federal Reserve Bank of Dallas reported. West Texas Intermediate, the U.S. benchmark for the price of oil, was trading at around $48.60 per barrel early Friday, a downturn from its recent high-water mark above $50 per barrel. Crude oil prices have improved considerably over las ... 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
New light-activated catalyst grabs CO2 to make ingredients for fuel

Biochar could clear the air in more ways than one

Algae cultivation technique could advance biofuels

Fungi that evolved to eat wood offer new biomass conversion tool

OIL AND GAS
A new picture emerges on the origins of photosynthesis in a sun-loving bacteria

World Bank tries to make Pacific solar power decisions easier

Chinese renewable energy capacity growing rapidly

India facing renewable energy challenges

OIL AND GAS
U.S. wind power momentum up 40 percent from last year

Shale-rich Oklahoma to host mega-wind farm

ABB wins $30 million order to support integration of offshore wind energy in the UK

GE's renewables not enough to boost overall revenue

OIL AND GAS
Areva signs MOX fuel fabrication contract with Japan

Construction of two nuclear power plants in US halted

Nuclear contaminates earnings of France's EDF

Underwater robot probes inside Fukushima reactor

OIL AND GAS
Small odds of reaching 2 C climate goal: researchers

Could spraying particles into marine clouds help cool the planet

Al Gore: I've given up on climate 'catastrophe' Trump

Could a geoengineering cocktail control the climate

OIL AND GAS
Global momentum underway for electric vehicles

Germany's car bosses bid to head off diesel ban with software patch

Beijing aims to expand electric bus fleet

BMW sticks to cautious forecast as profits shift up

OIL AND GAS
Iraq faces vast challenges securing, rebuilding Mosul

Two killed in IS-claimed attack on Iraq embassy in Kabul

FMS support deal in works for Iraqi vessels

Iraqis in Mosul markets both fear and hope for the future

OIL AND GAS
Trump keeps Iran deal, but threatens more sanctions

S. Korea seeks rare talks with North to ease military tensions

US sending mixed messages on Iran nuclear deal: Zarif

US-China citizen gets 10 years for spying in Iran; 2 Iranians charged in US over hacking




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