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Australia: AWE announces significant new gas discovery at Senecio-3, onshore Perth Basin

AWE Limited, as Operator of Permits L1/L2 in the onshore Perth Basin, Western Australia, advises that the Senecio-3 appraisal well is at Total Depth (TD) of 3,370m. AWE reports that wireline logs and pressure tests have identified a significant gas discovery in the deeper sands below the primary target. ... more ...

Russia: Gazprom starts mega-pipeline to China

President Vladimir Putin on Monday oversaw the start of construction on a giant pipeline that is due to ship $400 billion worth of Russian gas to China in the three decades after flows begin in 2019. ... more ...

India: Greka Drilling to drill 100 wells for Essar Oil in West Bengal

AIM-listed Greka Drilling, the largest independent and specialized unconventional oil & gas driller in Asia, has announced that further progress has been made following mobilization orders from Essar Oil in relation to the US$65 million contract for 100 wells to be drilled in the Raniganj East Block in Durgapur, West Bengal. ... more ...

Colombia: Andes Energia announces Colombia financing update and asset acquisition option

Andes Energia has announced that, subject to completion, an agreement has been reached with Trayectoria Oil & Gas, a well-known Colombian E&P company, to provide cash guarantees and working capital of US$6.2 million for three of its Colombian exploration blocks acquired in the 2012 licensing round and assume the obligation to repay US$7.0 million of Andes existing debt. ... more ...

Italy: Sound Oil receives EIA approval for Nervesa appraisal well

Sound Oil has announced that the Treviso Province authorities have approved the Environmental Impact Assessment ('EIA') for the second appraisal well of the Nervesa gas discovery, which will target its Southern limb. Operations are expected to commence in the fourth quarter. ... more ...

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