GLG News by Horizontal Drilling Experts

David LyonsPresidentR & D Lyons Consultants Limited

Financing ocean energy ventures in today's economic climate

September 20, 2011

The reality of today’s economic environment, combined with the world’s multiplying energy demand, creates enormous financial challenges for the offshore energy industry, governments and the investment community.  

Stuart GoldsteinOil & Gas Exploration & Production E&P ConsultantStuart Goldstein

Heritage Oil Announces Discovery of a Major Gas Field in Kurdistan, Iraq

January 30, 2011

Analysis of:Heritage finds Iraq giant | www.upstreamonline.com

Following completion and testing of the Miran West-2 well, a major gas discovery in the Kurdistan Region of Iraq, Heritage Oil estimates the Miran West structure has P90-P50 gross in-place gas volumes of between 6.8-9.1 trillion cubic feet (TCF) with 42-71 MMbbls of condensate and 53-75 MMbbls of oil.The well results have confirmed three additional pay zones within Lower Cretaceous and Jurassic formations, in addition to the pay zone identified in the Upper Cretaceous in the Miran West-1 well.

David TkachukFounder and President PROCONSULT International Inc.

Eagle Ford Shale Attracts Big Players With Sizeable Acquisitions

October 11, 2010

Analysis of:An inconvenient truth about OPEC | www.energytribune.com

In separate acquistions China's CNOOC and a Statoil - Talisman JV have collectively done deals to acquire acreage in the Eagle Ford shale for a collective total of more than $3.4bln in spending.

David TkachukFounder and President PROCONSULT International Inc.

IEA reports China has surpassed the USA as top energy consumer

July 20, 2010

The International Energy Agency (IEA), an oil & gas industry icon and energy advisor to many of the world's key countries, reports that China has indeed become the world's largest energy consumer, well ahead of expectations. China has been quick to deny this. While controversy swirls on this monumental change in world order other statistics maintain the status quo.

Stuart GoldsteinOil & Gas Exploration & Production E&P ConsultantStuart Goldstein

GeoGlobal Resources (GGR) Pursuing 4 Offshore Israel Oil & Gas Licenses

June 5, 2010

Analysis of:GeoGlobal Appointed Operator for Myra & Sara Offshore Israel Oil & Gas Licenses | www.prnewswire.com

GeoGlobal Resources has been appointed operator for 2 Offshore Israel Oil & Gas Licenses 347 "Myra" and 348 "Sara" in the Eastern Mediterranean Sea. The company has applied separately for the "Samuel" and "Michal" (within "Benjamin" permit area) Licenses within the territorial waters of the State of Israel. These new permit areas are located in the highly prospective area of the Levantine Basin near the recent 6.3 TCF Tamar 1, Tamar 2, and the Dalit Natural Gas Discoveries by Noble Energy Inc.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Another Blackbeard/Davey Jones in the Making?

May 23, 2010

Analysis of:Unlocking Grand Bay's deep treasures: gulf shelf potential at 17,000-28,000 ft | www.ogj.com

A recent Oil and Gas Journal article (April 12, 2010) discusses Grand Bay field in the Mississippi Delta, as another example of a potential new discovery in deep shelf gulf. Ultra-deep shelf plays target reservoirs below the salt weld with sizes up to 1 Tcfe at over 20,000 ft. Interest in deep shelf plays in the Gulf of Mexico has been spurred by McMoRan's recent Davy Jones discovery. These deep prospects have shorter lead times to first production and lower development costs.

Changlin WuPresidentLongwoods Resources

Bangladesh Needs Powering From Both Coal And Gas

February 20, 2010

Analysis of:Bangladesh to set up 1,320 MW joint venture power plant with India | www.individual.com

Power generation in Bangladesh is primarily from natural gas but not from coal due to enriched natural gas reserves in the eastern part of the nation. Coal deposits seem to be poor, and coal-fired plants must be relied on imported coal. From both technical and economical perspectives, to accelerate exploration and development of gas reserves in both onshore and offshore basins sounds more reasonable. Gas-fired power plants need gas for powering.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Finding New Oil in Old Fields

January 24, 2010

Analysis of:McMoRan Davy Jones Gas Discovery | www.theoildrum.com

On January 18, 2010, the Oil Drum reports McMoRan Exploration Company has made a significant discovery in the U.S. Gulf of Mexico that may contain 2-6 trillion cubic feet (TCF) of natural gas reserves. The well was drilled in 20 ft of water 10 miles south of the Louisiana coast discovery by McMoRan and partners.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Another Sub-Salt Discovery Offshore Brazil

December 3, 2009

Analysis of:Brazil's Wahoo North presalt find extended | www.ogj.com

Oil and Gas Journal Editors report a new sub-salt discovery offshore Brazil. A group led by Anadarko Petroleum Corp. found more than 90 ft of net oil pay at the Wahoo-2 (Wahoo North) appraisal-exploration well in the northern Campos basin in the same pre-salt interval as the Wahoo discovery.

Changlin WuPresidentLongwoods Resources

Bay of Bengal: a potential giant gas-producing province

September 1, 2009

Analysis of:Oil firms when Bangladesh rights | news.bbc.co.uk

Increased domestic gas demand in Bangladesh has encouraged the new government to further open its offshore exploration areas to international oil players for accessing the large natural gas reserves in both shallow and deep waters. As a world-class hydrocarbon basin, the Bay of Bengal might be a giant gas-producing province after the new rounds of bidding leading by US major ConocoPhillips and Irish independent Tullow.

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