Exploration
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.
News
November 14, 2017
The Government of the Sultanate of Oman, Oman Oil Company Exploration and Production (OOCEP), a subsidiary of state company Oman Oil Company SAOC (OOC), and Eni today entered into an Exploration and Production Sharing Agreement (EPSA) for Block 52, located offshore Oman.
News
November 13, 2017
Africa Oil Corp. has announced that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in West Africa and Guyana.
News
November 10, 2017
As the price of oil rises, an international rush is on for Mexico’s untapped deepwater riches.
News
November 08, 2017
Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced that its joint-venture subsidiary Elcrest Exploration and Production Nigeria Ltd (Elcrest), has successfully handed over the Opuama-7 well to the Opuama field production team and the well is currently flow testing into the production facilities and on to export.
News
November 08, 2017
The 2017 exploration and appraisal drilling campaign concluded following the drilling of the Amosing-7 appraisal well. The PR Marriott Rig-46 has been demobilized. Two discoveries were made during the campaign.
News
November 06, 2017
South Sudan’s newest oil and gas entrant Oranto Petroleum has begun its exploration program through an agreement with BGP Inc. South Sudan. The deal comes just eight months after Oranto signed its exploration and production sharing agreement (EPSA) with the government, and kicks off its three-year first exploration commitment period.
News
November 06, 2017
President Energy Plc, the upstream oil and gas company is pleased to announce the results of a new integrated basin study and geochemical survey over the exploration assets of the Company centered on its Puesto Guardian Concession, Matorras and Ocultar Licenses, which have resulted in significant upgrades to the Company’s Prospective Resources.
News
November 06, 2017
Petroleos Mexicanos announced its biggest onshore discovery in 15 years, just three months after Mexico reported the first major find by private companies, bolstering the nation’s efforts to revive its oil industry.
News
November 03, 2017
Oil Search signed an agreement to acquire a number of oil assets in the Alaska North Slope from privately-owned companies Armstrong Energy LLC and GMT Exploration Company LLC.
News
November 03, 2017
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for wellbore 7219/12-2 A S, cf. Section 8 of the Resource Management Regulations.
News
November 02, 2017
Engie E&P, the operator of the Cara-license (PL 636) in the Norwegian sector of the North Sea, is increasing the resource estimate. Engie E&P now estimates that the Cara discovery contains 56 to 94 MMboe.
News
November 01, 2017
Echo Energy plc, the South and Central American focused upstream gas company, is pleased to announce that it has entered into a binding farm-in agreement with Compañía General de Combustibles S.A. (CGC), a privately-owned subsidiary of the Argentinian conglomerate Corporación América International, for the acquisition by Echo of a 50% interest in each of the Fracción C, Fracción D, Laguna de los Capones and Tapi Aike licences, onshore Argentina.
News
November 01, 2017
The oil and gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators.
News
November 01, 2017
The African oil industry met this week to discuss the potential, but also the challenges, that the industry faces as the continent moves towards the commercialization of its huge gas and oil reserves.
News
November 01, 2017
Commenting on two major North Sea deals completed within the past 24 hours, Deirdre Michie, chief executive at the industry trade association Oil & Gas UK, said the deals are "hugely significant."
News
October 30, 2017
A consortium comprising Qatar Petroleum, Shell, and China National Offshore Oil Corporation (CNOOC) was selected as the winning bidder for the Alto de Cabo Frio-Oeste block in the prolific Santos hydrocarbon basin offshore Brazil.
News
October 27, 2017
The Araku-1 exploration well in Suriname has been drilled to a total depth of 2,685 m and penetrated the objectives of the Araku prospect. No significant reservoir quality rocks were encountered, although logging and sampling proved the presence of gas condensate. The well is now being plugged and abandoned.
News
October 25, 2017
International oilfield services company, Expro, has successfully accomplished the world’s first proven wireless transmission of reservoir pressure data to surface, from a recently abandoned subsea appraisal well which incorporated a rock-to-rock cement plug, the company announced during LAGCOE 2017.
News
October 25, 2017
Drillinginfo, the energy industry's leading SaaS and data analytics company, unveiled new features and enhancements to its Oilfield Services (OFS) platform before attendees today at the 2017 Louisiana Gulf Coast Exposition (LAGCOE).
News
October 25, 2017
With $2.7 billion in oilfield sales this week, Hess Corp. is making a calculated bet, giving up steady production today to help fund what could be one of the world’s biggest discoveries into the next decade.
