Exploration
News
January 05, 2023
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing recent tensions.
News
January 04, 2023
Expected combined gross production rates are in-line with pre-drill estimates of approximately 15-20 Mboed. The two wells will produce through a shared riser system at the Ram Powell facility.
News
December 30, 2022
A major breakthrough of Sinopec's "Project Deep Earth," the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the Sichuan Basin and further shows the great potential of deep ancient carbonate rocks in the region.
News
December 29, 2022
World Oil was on the front lines of every breaking news story in 2022. From positive production predictions and interventions from the White House to billion-dollar profit exploration setbacks, our readers had plenty to keep them on their toes. Read more of this year's top headlines here.
News
December 28, 2022
Not all countries use licensing rounds; some use direct negotiation to approve exploration and production rights. It’s time for more African oil and gas-producing states to choose this route.
News
December 28, 2022
Genel Energy owns oil blocks in Somaliland. However, the region isn’t recognized as a sovereign state by any other nation. Any investors seeking to operate in Somalia must comply with the nation’s constitution.
News
December 27, 2022
The combination of multisensor broadband fidelity and dual azimuth illumination provides clients with higher-quality data for their renewed exploration interest on the Norwegian continental shelf.
News
December 26, 2022
Independent oil and gas companies are recognizing Africa's tremendous promise and are finding ways to thrive here — and make a positive impact.
News
December 26, 2022
2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no shortage of ground-breaking news. Read World Oil's top news stories of 2022 here.
News
December 21, 2022
The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the area’s promising outlook and development.
News
December 21, 2022
The revised initial exploration period will now expire in January 2024. Three additional periods totaling six years are available after the current period, with further possible extensions thereafter.
News
December 16, 2022
Along with several measures to increase efficiency and recovery, these development projects will enable Aker BP's oil and gas production to grow from around 400,000bpd in 2022 to around 525,000bbl in 2028.
News
December 14, 2022
OEUK warned that the declining output from the UK’s existing fields meant continued exploration and financing were vital for the UK’s energy security. They also announced David Whitehouse as the new CEO.
News
December 14, 2022
Searcher applied its proprietary post-stack reprocessing method which rectifies navigation, metadata, amplitude, phase and time to create a regional dataset that allows for an extremely cost-effective ranking of the acreage.
News
December 14, 2022
The most recent South Sudan acquisition is set to usher in new opportunities for energy security and affordability in Africa on the back of new exploration and production drives by independents.
News
December 13, 2022
MOSAIC's intelligent framework will enable timely access, collaboration and decision support to Apache stakeholders and management in crucial decision-making activities and reserves reporting.
News
December 06, 2022
Philippine upstream oil and gas company PXP Energy Corp. is in talks with another Chinese firm for potential exploration in the South China Sea, Chairman Manuel Pangilinan said.
News
December 02, 2022
Neptune Energy and its license partners on Dec. 2 announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are between 1 to 3.5 million standard cubic meters of recoverable oil equivalents, corresponding to 6 – 22 million barrels of oil equivalent.
News
November 29, 2022
Perenco has discovered oil with an exploratory well offshore Congo-Brazzaville, raising the prospect of a new geological play, the company said on Monday.
News
November 29, 2022
Exxon Mobil’s recent discovery in Block 15 off Angola in the Bavuca South prospect adds further credence to the notion that Africa is a significant contender in future energy markets, according to the African Energy Chamber.
News
November 20, 2022
The area of interest in the deep-water Orange Basin is located offshore between Port Nolloth and Hondeklip Bay, about 188 km (117 miles) from the coast at its closest point, in water depths of as much as 3,000 meters.
