Russian oil producer Lukoil said on Thursday that it was expecting its hydrocarbon production to increase by 3.5 percent this year.The company also plans an increase in hydrocarbon production of 1 percent next year, a company official said on a conference call…
The wheels of discovering and exploiting hydrocarbon resources offshore the Union of the Comoros, off Africa's east coast, may have been moving albeit slowly since 2008 when the government first invited bids for exploration of oil and gas in the Indian Ocean's volcanic archipelago…
Gabon's Minister of Oil and Hydrocarbons Pascal Houangni Ambouroué has unveiled a new offshore licensing round covering 12 shallow-water and 23 deep-water blocks.A report from global law firm Dentons pointed out that this new bid round for offshore…
Congo (Brazzaville), sub Saharan Africa's third largest oil producer, has intensified its campaign to promote the country's offshore drilling and exploration investment opportunities.The Ministry of Hydrocarbons hopes to ride on the new hydrocarbons…
Russia's largest independent natural gas producer PAO Novatek has secured a new exploration license on the Gydan peninsula.The seventh largest publicly traded company globally by natural gas production volume said in a press release that its…
Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…
Gaspar Franco Hernández, of CNH, discusses the abundant opportunity to develop Mexico’s over 200 mature fields (First published in the December 2017 OE, access the full issue here). Map of Mexico’s mature fields. Image from CNH. There are several definitions of mature fields…
Fugro has teamed up with Amplified Geochemical Imaging (AGI) to acquire offshore hydrocarbon seep data in advance of Canada’s 2018 east coast bid round. Bathymetry, backscatter and water column anomaly data will be collected to pull together…
Hyperdynamics is looking at options after finding signs of encouragement at its recently failed Fatala prospect, offshore the Republic of Guinea in Northwest Africa. Map of Guinea acreage, from Hyperdynamics…
Operator Statoil has decided to side-track the Verbier exploration well in the Moray Firth of the UK North Sea, despite reaching a water bearing reservoir in the original target. Wireline log data suggested indications of the potential…
The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has issued its Call for Bids NS17-1 for exploration licenses consisting of three parcels in the Sydney Basin, east of Cape Breton Island. Image from iStock…
From 30 January to 3 February 2017, the Petroleum Safety Authority Norway (PSA) carried out an audit of the planning and execution of work on hydrocarbon-carrying systems for Eni's Goliat facility. The audit was a sub-activity of an audit series that will continue throughout 2017…
Fugro is teaming up with TGS to conduct the Otos survey in the Gulf of Mexico to pull together a complete picture of geological features, including hydrocarbon seeps. The Fugro Brasilis. Images from Fugro…
TDI-Brooks International, under contract to TGS, recently completed a coring program for the Gigante survey in the Gulf of Mexico. Map of Gigante, from TDI-Brooks. TDI-Brooks…
Audrey Leon catches up with TGS’ Chris Corona on some of the geophysical firm’s latest programs offshore Mexico. Photos from TGS. OE: What is your perspective on current activity off Mexico…
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