Lundin updates drilling campaign offshore Malaysia

Lundin Malaysia BV, a wholly owned subsidiary of Lundin Petroleum AB, completed the Imbok-1 exploration well on Blocks SB307 and SB308, offshore Saba, East Malaysia. The well, which was drilled using the West Prospero jack up rig, encountered minor oil shows. The well has been plugged. Source: News


Buru makes oil find onshore Canning basin

Buru Energy Ltd., Perth, has found oil in a new play in its Ungani Far West-1 wildcat in production licence L21 in the onshore Canning basin of north Western Australia. Source: News


MARKET WATCH: NYMEX, Brent crude oil for February settle below $34/bbl

Light, sweet crude prices for February delivery settled Jan. 7 below $34/bbl on the New York market, which was the lowest settlement for the front-month contract since February 2004. Brent crude oil for February also settled below $34/bbl on the London market Jan. 7. Source: News


Agency submits first well stimulation report to California lawmakers

There were no well failures associated with oil and gas well stimulation and treatment (WST), no emergency responses or spills, and no requests for confidential well status or trade secret protection from Jan. 1, 2014, through June 30, 2015, California’s Oil, Gas & Geothermal Division said in its first comprehensive WST report to the state […]