Exploration
News
January 11, 2023
Of the 47 drilling permits, 29 are in the North Sea, 16 are in the Norwegian Sea, and two are in the Arctic Barents Sea. This licensing round is expected to bolster and maintain activity in the Norwegian Continental Shelf.
News
January 09, 2023
The government received 13 new field-development plans last year. Companies including Equinor ASA and Aker BP ASA rushed to take advantage of Covid-era tax breaks that expired at the end of December.
News
January 04, 2023
This survey, covering 11,425 km2 , will broaden the region's 3D coverage and deliver additional high-quality data essential for the exploration efforts in the Foz do Amazonas basin.
News
December 26, 2022
The increase comes mainly from the Sakarya field where reserves are now seen at 652 Bcmg, up from 540 Bcmg previously, Erdogan said in Ankara. Another 58 Bcmg was found in another offshore field nearby.
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 19, 2022
The partnership will submit a plan for development and operation to the Ministry of Petroleum and Energy before the end of December. They will recommend that the Berling field be developed as a subsea tieback to the Åsgard B platform some 12.43 miles away.
News
December 13, 2022
Arena Energy announced its acquisition of seven blocks and twelve platforms in the Gulf of Mexico from GOM Shelf. The acquisition includes net daily production of approximately 2,000 barrels of oil equivalent in fields with historically low decline rates.
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
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 22, 2022
Namibia has updated rules for applicants searching for minerals in the southern African nation — where TotalEnergies SE and Shell Plc both discovered oil this year — to deter companies from selling licenses for a profit rather than exploring the blocks, a government official said.
News
November 17, 2022
Resoptima is partnering with Aker BP, Sval Energi and NORCE to develop specific solutions that will help reduce CO2 emissions associated with oil and gas asset development and production activities.
News
November 16, 2022
Neptune Energy and its partners said Wednesday that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea. The operations are still at an early stage, and Neptune has not determined if commercial volumes are present.
News
November 15, 2022
TotalEnergies SE and Eni SpA are preparing to explore for natural gas in previously contested waters off the coasts of Lebanon and Israel, following last month’s accord between the two nations.
News
November 08, 2022
Senior executives from the most active majors and independents in the Gulf of Mexico will convene to discuss regional operations and outlook at next week's Deepwater Executive Summit in Houston.
News
November 04, 2022
Neptune Energy announced Friday that drilling has commenced on the Calypso exploration well in the Norwegian Sea, with a target depth of approximately 2,960 meters (9,711 feet).
News
October 30, 2022
Qatar is in talks with TotalEnergies SE and Eni SpA for a 30% stake in an exploration block in waters off Lebanon, QatarEnergy CEO Saad Al Kaabi said Sunday.
News
October 27, 2022
Lebanon and Israel have signed a U.S.-brokered deal that ends a dispute over gas-rich waters in the Mediterranean, paving the way for the development of energy resources.
News
October 26, 2022
When it comes to success rates for discovering new oil and gas resources, 2021 saw one of the lowest on record. However, with the return of high-impact oil exploration in 2022, O&G businesses have seen a much higher success rate.
News
October 07, 2022
Wood Mackenzie thinks exploration still has a role to play in the UKCS, but drilling activity is already at historic lows and the addition of new acreage – which will have been offered up in previous rounds – is unlikely to reverse that trend significantly.
