Image - Chestnut Exploration & Production Acquires Willamar Field

Chestnut Exploration & Production Acquires Willamar Field

Chestnut Exploration & Production, a Dallas-based independent oil and natural gas company, announced the successful acquisition of the Willamar West Unit in Willacy County, Texas, which increases the company’s oil production by 91 percent. The 1,720 gross acre unit was acquired by Chestnut Exploration & Production, Inc. with the Chestnut Production Fund IV for $13.1 million. The acquisition of the field, which produces from the G...

Exploration - Aug 26, 2014


Image - BP Announces First Gas from DEKA Project, Offshore Egypt

BP Announces First Gas from DEKA Project, Offshore Egypt

BP Egypt today announced first gas from the DEKA project offshore Egypt with the start of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day (mmscf/d). The DEKA project is centred on the Denise and Karawan gas fields in Temsah Concession in the East Nile Delta and will supply the country’s domestic market. Hesham Mekawi, BP North Africa Regional President, said: “The DEKA project is anot...

Oil and Gas - Exploration, Pipelines - Aug 26, 2014


Image - GE Invests $5M in Norway Technology Solutions Center

GE Invests $5M in Norway Technology Solutions Center

GE Oil & Gas formally unveiled its new Technology Solutions Center (TSC) in Stavanger, Norway, yesterday. The result of a $5m investment, the center offers a stunning visual showcase of GE’s technologies across the oil and gas industry, and has been designed to help operators achieve optimal efficiency, environmental performance and safety, both now and in the future. Led by GE Oil & Gas President and CEO, Lorenzo Simonelli, ...

Oil and Gas - Exploration - Aug 26, 2014