Georgia Petroleum Council noted released results from a new study highlighting how Georgia鈥檚 economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS).鈥淐utting鈥
A new independent estimate of world oil reserves has been released by Rystad Energy, showing that the US now holds more recoverable oil reserves than both Saudi Arabia and Russia. For US, more than 50% of remaining oil reserves is unconventional shale oil鈥
CGG become one of the few firms to be registered by Mexico鈥檚 National Hydrocarbons Commission (CNH) as an independent third party qualified to audit and certify Mexico鈥檚 reserves, either for oil and gas operators or directly for the CNH. CGG鈥
Erin Energy Corp. announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded Shallow Water Tano (ESWT) Block, located offshore Ghana. The ESWT block is operated by its subsidiary company鈥
Russian authorities confirmed the reserves in the Pobeda oil and gas field, located on the Kara Sea shelf, Rosneft announced. The field was discovered through the Universitetskaya-1 well. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age鈥
Mexico's Pemex has started a corporate restructure to become a more 'flexible and efficient,' it announced today. The announcement comes after Mexican president Enrique Pena Nieto approved the country's historic energy reform earlier this month鈥
Mexico鈥檚 Ministry of Energy (SENER) granted Petróleos Mexicanos (Pemex) almost all of the acreage detailed in its Round Zero wish list, including rights to all requested domestic proven and probable reserves (2P). The government fast鈥
Harvest Natural Resources Inc. announced today that a Declaration of Commerciality (DOC) has been signed with the Gabonese Republic (Gabon) pertaining to the Dussafu Marin permit offshore Gabon. This follows Gabon's award, on 17 July鈥
Ecuador, the smallest oil-producing affiliate of the Organization of the Petroleum Exporting Countries (OPEC), is the fifth-largest oil producer in South America, and has the third-largest oil reserves in the region, after Venezuela and Brazil鈥
Petrobras' proven pre-salt reserves are up 43% in 2013. Since 2007, the company has been adding increasing amounts to its proven reserves coming from the pre-salt layer, which extends from the south of the state of Espírito Santo to the state of Santa Catarina鈥
BP chief economist Christof Ruehl said the US will become energy independent, due to unconventionals, by 2030, in yesterday鈥檚 [Thursday] lunch, Energy Markets 鈥 the Short and Long Term. Ruehl said unconventionals (tight oil and shale鈥
Wood Mackenzie presented its view of the role of independent oil and gas companies globally in the keynote session: 鈥淭he independent oil company 鈥 mighty oaks from little acorns grow.鈥 This peer group has been at the forefront of conventional exploration鈥
Delek Group released a resource assessment report on its Tamar Southwest project that showed an average 684 Bcf of estimated undiscovered gas reserves in place in the project. This value is the undiscovered resource potential in two sands鈥
COLLOQUY: Editor's Column The structure of the Mexican oil industry is on the verge of change, driven by a need to increase revenues and build reserves. The consensus is that Mexican fields are aging, production is declining, and although鈥
Mexico's President Enrique Pena Nieto denied rumors that the state-owned oil company Pemex (Petroleos Mexicanos) will be privatized. Pena Nieto appeared at the 75th anniversary of the expropriation of the oil industry from foreign interests鈥
