Image - Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico

Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico

Chevron Corporation (NYSE: CVX) today announced a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox Sands. The well is located approximately 180 miles off the Louisiana coast in 3,992 feet of water and was drilled to a depth of 30,173 feet. "The discovery further demonstrates Chevron's exploration capabilities," ...

Oil and Gas - Oct 23, 2014


Image - BP, GDF Suez Announce New North Sea Oil Discovery

BP, GDF Suez Announce New North Sea Oil Discovery

British oil giant BP and European energy conglomerate GDF-Suez on Thursday announced a new oil discovery in the North Sea. The discovery spans two blocks operated respectively by BP and GDF-Suez, and tests show it can produce a maximum of 5,350 barrels of oil equivalent per day, the pair said in a statement. The find, named 'Marconi' by GDF-Suez and 'Vorlich' by BP, is located in the central North Sea. "As BP m...

Oil and Gas - Oct 23, 2014


Image - Omans Gulf Energy Signs Commercial Order

Oman's Gulf Energy Signs Commercial Order

OriginOil (OTCQB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, today announced that Gulf Energy, an oil service company with major customers across the Arabian Peninsula, has purchased a $1.4M CLEAN-FRAC™ 5000 system, designed to process five thousand barrels per day (bpd), for the company’s growing oil services business. Regional operators are turning to advance...

Oil and Gas - Oct 21, 2014