PPL finds gas with first exploration well on Kotri block in Pakistan

The Kotri X-1 well flowed gas at an a rate of 3.4 MMcfd with a wellhead pressure of 608 psi, according to a press release from Pakistan Petroleum Ltd. (PPL). The operator holds 100% working interest in the Kotri block, and its first exploration well is in the Hyderabad district of Pakistan’s Sindh Province. […]


KPMG: Price volatility driving energy business model transformations

Volatile oil and natural gas prices have accelerated planning by energy executives to change their business models, KPMG Global Energy Institute said May 24 with the release of annual survey results of US senior energy executives. Source: News


Venezuela, Trinidad and Tobago sign cross-border development deal

Venezuela and Trinidad and Tobago have signed a unitization and unit operating agreement for the development and production of the 10-tcf Loran Manatee cross-border natural gas fields that the two countries share. Source: News


Freeport-McMoRan cancels another drillship contract

Freeport-McMoRan Oil & Gas LLC (FMOG), a unit of Freeport-McMoRan Inc., has agreed with Rowan Cos. PLC to immediately cancel the contract for the Rowan Relentless drillship, which was scheduled to terminate in June 2017. Source: News