Exploration
News
May 10, 2017
U.S. shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices.
News
May 09, 2017
Brazil's Decree 9.041/2017 entered in force last week, regulating Law 12.351/2010 relating to Petrobras’ preferential rights to act as operator in consortiums for exploration and production in blocks subject to the production sharing regime.
News
May 09, 2017
Delek Group Ltd., the Israeli energy company that bought UK oil explorer Ithaca Energy Inc. this year, is seeking a London listing to help further overseas expansion.
News
May 08, 2017
Petro River Oil Corp., an independent oil and gas exploration company, has announced a new oil field discovery in its’ 106,500-acre concession in Osage County, Okla., upon successfully drilling the Chat 2-11 exploration well.
News
May 02, 2017
BP’s proprietary digital rocks technology program is getting a key upgrade from a new multi-year commercial agreement with Exa Corporation, which will enhance BP’s ability to predict the flow of oil and water in digital images of reservoir rock.
News
April 27, 2017
Aker BP has entered into a framework contract with Schlumberger for acquisition of 4D seismic data.
News
April 27, 2017
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year.
News
April 25, 2017
Samaraneftegaz, a Rosneft subsidiary, started 3D seismic exploration works in six blocks acquired in 2016. Drilling sites for prospecting and exploratory wells will be defined based on the results of these works.
News
April 25, 2017
LUKOIL has drilled 1,000 m of its first exploration well on the Vostochno-Taymyrsky license block. About 374 m of core samples from eight formations will be collected and analyzed during drilling.
News
April 24, 2017
SeismicZone.com online data marketplace launched its first microsite for seismic data owners to market their proprietary data from their own corporate website.
News
April 21, 2017
Oilex Ltd. has announced the award of two key contracts to Schlumberger and Baker Hughes as part of its 2017 work program at the Cambay PSC in India. Schlumberger and Baker Hughes will advise on the optimal well and stimulation design required to achieve potential commercial flowrates.
News
April 17, 2017
SDX Energy Inc., the North Africa focused oil and gas company, announced that drilling on the carried SD-1X well at its South Disouq concession, where it hold s a 55% equity interest and is operator in the Nile Delta area of Egypt has reached its first target depth.
News
April 17, 2017
The state of Queensland may expand the amount of land available for gas exploration to overcome looming gas shortages and high prices on the east coast of Australia.
News
April 14, 2017
A working meeting between Alexey Miller, chairman of the Gazprom Management Committee, and Abul Hassan Mahmood Ali, minister of foreign affairs of the People’s Republic of Bangladesh, took place in Moscow. The parties expressed their appreciation for the Company’s efforts in Bangladesh.
News
April 13, 2017
The Bossier and Haynesville Formations of the onshore and U.S. waters portion of the U.S. Gulf Coast contain estimated means of 4 billion bbl of oil, 304.4 Tcfg, and 1.9 billion bbl of natural gas liquids, according to updated assessments by the U.S. Geological Survey.
News
April 13, 2017
The Society of Exploration Geophysicists has released a major update to the venerable SEG-Y workhorse seismic data exchange standard.
News
April 12, 2017
Lukoil has completed a field 3D seismic survey at West Qurna-2 field in Iraq. The survey covered an area of about 450 km2.
News
April 05, 2017
HOUSTON -- AAPG President-elect Charles Sternbach opened the society’s Annual Convention & Exhibition in Houston on Monday morning ,in the Discovery Thinking session, saying that “geology is a science” but “exploration is a business.” In 1917, the AAPG was originally conceived as a “technology transfer” society, with learnings captured in the field translated to paper media and distributed to the geological community for application in analogous situations.
News
April 04, 2017
PJSC LUKOIL began drilling of the first 5,500 m prospecting and appraisal well (1P) in the Vostochno-Taymyrsky license area, Krasnoyarsk Territory, six months before the scheduled deadline.
News
April 04, 2017
CGG has announced that Sercel has launched Sentinel HR, a high-resolution solid streamer designed to meet the specific imaging needs of shallow-target applications, such as oceanology, civil engineering and reservoir characterization, as well as high-resolution 3D (HR3D) seismic surveys for detailed mapping of geological features.
News
April 03, 2017
Petro River Oil Corp., an independent oil and gas exploration company utilizing the latest 3D seismic technology, has announced the spudding of one of the four exploration wells in its Pearsonia West Concession.
