Exploration

News
December 07, 2017
Chevron Corporation has announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies.
News
December 06, 2017
United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, has announced positive log results from the drilling of the Podere Maiar 1 (PM1) well in Selva gas field in the Podere Gallina licence, onshore Italy.
News
December 05, 2017
African Petroleum, an independent oil and gas exploration company with licence interests in four countries offshore West Africa, has announced that its wholly owned subsidiaries, European Hydrocarbon Limited and African Petroleum Sierra Leone Limited, have signed agreements with the Petroleum Directorate Sierra Leone to enter into the Second Extension Periods of the SL-03 and SL-4A-10 licences, respectively.
News
December 05, 2017
Eleven companies have applied for production licenses in the 24th licensing round on the Norwegian shelf.
News
December 04, 2017
ExxonMobil has announced that its wholly owned affiliate, ExxonMobil E&P Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks.
News
December 04, 2017
Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has commenced drilling of exploration well 7219/12-3 on the Hurri prospect in PL533 in the southern Barents Sea.
News
December 04, 2017
Hindustan Oil Exploration Co. is rising from the ashes about a year after Italy’s Eni SpA sold its controlling stake.
News
December 03, 2017
Chevron Corp. may accelerate dividend growth over the next two years thanks to megaprojects that are already in the budget, according to one of the top-rated analysts following the oil explorer.
News
November 30, 2017
As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquén basin.
News
November 30, 2017
Sound Energy, the African and European focused upstream gas company, has provided the Company's first volumes estimate of the exploration potential of the Sidi Moktar exploration permits in Central Morocco.
News
November 30, 2017
LMKR today announced release of the newest update to its E&P interpretation software; GeoGraphix 2017.1 and GVERSE Geomodeling; a new integrated 3D geomodeling platform.
News
November 29, 2017
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, has announced the commencement of the Iris/Hades (Aerosmith) exploration well, 6506/11-10 (Faroe 20%) in licence PL644/PL644 B.
News
November 29, 2017
Norway’s Statoil ASA will focus exploration on its home turf next year as it seeks more oil and gas to run through existing platforms rather than gigantic deposits in frontier areas.
News
November 27, 2017
United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce an agreement to farm-in to the Tullow Jamaica Ltd-operated Walton-Morant licence, offshore Jamaica.
News
November 22, 2017
The Oil and Gas Authority has received 96 applications for 239 blocks in the 30th offshore oil and gas exploration license round.
News
November 22, 2017
Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. A non-commercial gas discovery was made in the main well while the sidetrack was dry.
News
November 21, 2017
Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and UK focused oil and gas exploration, development and production company, has provided a planning update regarding the Holmwood oil exploration prospect on licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey.
News
November 20, 2017
Africa Energy Corp. announces the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa.
News
November 17, 2017
The Norwegian Petroleum Directorate (NPD) has granted OMV (Norge) AS a drilling permit for well 6506/11-10, cf. Section 8 of the Resource Management Regulations.
News
November 16, 2017
Statoil ASA plans to step up drilling in Norway for a second consecutive year, in the first indication it has given of its exploration plans for 2018.
News
November 15, 2017
Oil drilling in the Arctic National Wildlife Refuge took a significant step forward Wednesday, as the Senate energy committee approved legislation to compel lease sales in the 1.5-million-acre coastal plain along Alaska’s northeast coast -- tying it to tax reform.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.