Norwegian oil and gas company Equinor has discovered gas and condensate in the exploration well 30/2-5 S Atlantis, in the North Sea, offshore Norway.The discovery was made about 17 kilometers south of the Kvitebjørn field in the North Sea and 160 kilometers northwest of Bergen…
French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s annual Exploration Survey. Dr. Andrew Latham, Vice President, Global Exploration Research, at Wood Mackenzie…
Spirit Energy has failed to find hydrocarbons at a Barents Sea exploration well in the production license 719, offshore Norway.The Norwegian Petroleum Directorate said Monday morning that Spirit Energy had concluded the drilling of wildcat well 7321/8-2 S and that the well was dry…
South African petrochemicals giant Sasol Ltd has opted to give up its license to explore for gas off the Mozambique coast, the company said on Sunday.'Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end…
The Norwegian offshore safety regulator PSA Norway has in the past two days approved three offshore drilling projects in the North Sea and the Norwegian Sea.On Wednesday, the PSA gave consents for ConocoPhillips' Warka and Wellesley Petroleum' Schweinsteiger exploration wells…
Romania's OMV Petrom has provisionally won the rights to explore for oil and gas in a Black Sea block off the coast fo Georgia.OMV Petrom said Monday it had been selected as the winner of the open international tender held by the Ministry of…
Norwegian oil company Aker BP has secured regulatory approval from the Norwegian Petroleum Directorate to drill two wells in a block in the Norwegian Sea.Under the plan, Aker BP will drill wells 6607/12-4 and 6607/12-4 A in the production license 127 C…
Australian oil and gas company Far has signed new Joint Operating Agreements with Petronas related to the A2 and A5 offshore blocks in The Republic of The Gambia.This follows the granting of new licenses for those blocks by the country's government effective October 1…
According to Wood Mackenzie’s analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry.Andrew Pearson, vice president, upstream, said: 'This figure captures the impact of Wood Mackenzie’s downgraded…
Norwegian offshore seismic data acquisition company PGS has said that the first data of its Peru MegaSurvey is now available. The seismic dataset, including 2D and 3D data, is aimed at E&P companies interested in South America, specifically Peruvian coastline hydrocarbon potential…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licenses in the Eastern Newfoundland Region.Call for Bids NL20-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 17 parcels and a total of 4…
Norwegian oil and gas investment, a key economic driver, is expected to decline sharply in 2021 after rising less than previously anticipated this year, an industry survey by the national statistics agency (SSB) showed on Thursday.The biggest…
Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years, the Department of Petroleum Resources (DPR) said on Monday, despite court rulings last week that barred some of the fields from being auctioned.Marginal…
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.Woodmac said Wednesday its analysis was based on announcements and tracking well plans of 11 top spending NOC explorers…
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.The consequences could be grave for a poor country that relies…
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