Shell has its sights set for Arctic exploration this year by spending US$1 billion, after being absent since 2012. Ben Van Beurden. From Shell. The supermajor announced in its 4Q 2014…
Africa focused small-cap player Azonto Petroleum is continuing its work on the offshore Ivory Coast Gazelle field, despite difficulties in the market. A field development plan, submitted by operator and 87% equity holder Vioco, which is 35% owned by Azonto…
Austria's OMV says it is to delay projects, setting back its production targets, due to the 'rapid fall' in oil prices. CEO Gerhard Roiss said the fall in Brent oil prices by 58% since a high in mid-2014 represented a 'seismic shift' for the industry…
Noble Energy is in talks with officials in Cyprus over how to develop a gas field discovered in 2011, reports Reuters. The agency quotes Cypriot energy minister Yiorgos Lakkotrypis as saying discussions had also almost concluded with…
Karoon Gas Australia completed the down-dip side-track drilling of the Kangaroo-2 well, offshore Brazil. The Olinda Star. From Karoon. Kangaroo-2 is located in exploration Block S-M-1165…
A team of US and UK supermajors led by Chevron are exploring and appraising 24 jointly-help offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Image from BP. The deal between Chevron…
The US Department of the Interior today (Tuesday) announced details of a proposed oil and gas leasing program for 2017-2022. US Secretary of the Interior Sally Jewell (pictured, right, with President Obama) and Bureau of Ocean Energy…
Norwegian explorer Statoil returned three licenses off the west coast of Greenland this month, the company confirmed. The reduction follows the company’s announcement last February that it would cut back on Arctic exploration efforts to control capital expenditures…
Hess shows the carefully staged choreography of 14 cranes as they hoisted the 1000-tonne Tubular Bells main deck 100ft in the air to set it into place atop the production and cellar decks at a Houma, Louisiana fabrication facility. The Tubular…
Italian explorer Eni sanctioned the Offshore Cape Three Point (OCTP) deepwater development project that will provide domestic gas supply to Ghana’s thermal power plants for more than 15 years. Image from Eni…
New York-headquartered Hess says it is cutting its 2015 capital and exploration budget by 16%, compared to 2014, to US$4.7 billion. While the firm said most of the cash (45%/$2.1 billion) would be spent on its unconventional shale resources…
Germany’s Wintershall picked up eight new exploration licenses from the Norwegian Ministry of Petroleum and Energy in the current licensing round APA 2014. Image from Wintershall. Wintershall…
Suncor Energy Norge received consent from the Petroleum Safety Authority Norway to drill at exploration well 34/4 in the Norwegian Sea. The well is located in the Suncor-operated production license 375, in Block 34/4. Drilling will begin this month for a period of 154 days…
Statoil is bringing the Transocean Spitsbergen semisubmersible back to the waters to drill a wildcat well in the Snedrid Nord prospect, after gaining consent from the Petroleum Safety Authority Norway (PSA). Transocean Spitsbergen…
ConocoPhillips has started drilling on the third well in its Barossa area exploration campaign, Barossa-4, in the Bonaparte basin, offshore Australia's Northern Territory. The latest well follows the Barossa-3 appraisal well…
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