Exploration
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.
News
October 25, 2017
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that drilling operations have commenced on the Tambar development project in the producing Tambar field in Norway.
News
October 24, 2017
The U.S. Gulf of Mexico’s E&P industry has been through tremendous hardship since crude dropped in late 2014, and it’s imperative that companies change business models to sustain future deepwater U.S. oil production growth, according to Ryan Malone, BP’s projects general manager for the Gulf of Mexico.
News
October 24, 2017
U.S. Secretary of the Interior Ryan Zinke has announced that the Department is proposing the largest oil and gas lease sale ever held in the United States--76,967,935 acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida.
News
October 24, 2017
Further to its announcement of Oct. 4, 2017, Petro Matad has provided the timelines and details regarding the planned seismic work program following the signing of the BGP contract, as detailed further below. The 220-km2 3D survey will be the first ever 3D seismic acquired in western Mongolia.
News
October 23, 2017
KrisEnergy Ltd., an independent upstream oil and gas company, has announced that on Oct. 20, 2017, the PV DRILLING I jackup rig commenced drilling of the East Mayura-1 exploration well in the G10/48 contract area in the Gulf of Thailand.
News
October 19, 2017
Lebanon reached an important milestone on Oct. 12, which was the deadline set for pre-qualified companies to submit their bids on the open blocks within the country’s first offshore licensing round.
News
October 18, 2017
Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 earnings before interest, tax, depreciation and amortization.
News
October 18, 2017
Apache Corp. has announced steady progress at Alpine High since revealing the discovery last year.
News
October 18, 2017
Congressional Republicans have found a way to use the federal budget to open the Arctic National Wildlife Refuge to oil drilling -- and they don’t plan on stopping there.
News
October 17, 2017
Voice of the Arctic Iñupiat (VOICE) is deeply disappointed by today’s joint press conference, held by a half dozen democratic senators and several NGOs, pleading for permanent protection of the 1002 area of ANWR from oil and gas exploration.
News
October 17, 2017
Conventionally, African exploration has been focused in Nigeria, Egypt and Libya; most other frontiers were either underexplored or not explored at all. However, in recent times Africa has been the hot spot for exploration activity, mostly concentrated in West Africa, offshore Mozambique and Tanzania, and the East African rift system in Kenya and Uganda, as well as the opening of new carbonate plays in the Nile Delta.
News
October 15, 2017
It’s been a bad year for oil explorers in Norway’s Arctic: a record campaign in the Barents Sea yielded little; the most exciting well in years proved to be a flop; and Norwegians grew increasingly skeptical about the industry that made them rich.
News
October 10, 2017
Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore.
News
October 09, 2017
Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located off the coast of Guinea Conakry, covering approximately 55,000 km2.
News
October 09, 2017
Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly-owned subsidiary, Lundin Norway AS (Lundin Norway), has commenced drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533, in the southern Barents Sea.
News
October 06, 2017
ExxonMobil's fifth new oil discovery offshore Guyana, proves "that deepwater can still be attractive."
News
October 06, 2017
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 15/6-14 S, cf. Section 8 of the Resource Management Regulations.
News
October 05, 2017
ExxonMobil today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.
News
October 04, 2017
Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has completed drilling of a prospecting and appraisal well at its Ayashsky license block, located on the continental shelf of the Okhotsk Sea. As a result, a new hydrocarbon field has been discovered, with initial in-place reserves estimated at 255 million tonnes of oil equivalent (MMtoe).
News
October 04, 2017
Gazprom Neft and PTT, Thailand’s largest oil and gas company, have signed a memorandum of understanding (MoU), promoting mutually-beneficial cooperation between the two companies. The document was signed by Alexander Dyukov, CEO of Gazprom Neft, and Tevin Vongvanich, president of PTT.
