China's state-owned CNPC has started developing a new offshore shale oilfield near the Bohai Rim Basin, the company said via its official newspaper on Thursday.CNPC aims to produce 50,000 tonnes of shale oil from the Bohai Rim Basin in 2019…
The new year began with a new government in Brazil and a new management controlling the national oil and gas company Petróleo Brasileiro. There are changes on the horizon for the company commonly known as Petrobras, but its new president Roberto…
Although much of the hype surrounding the Brazilian oil and gas market is directed toward the Santos Basin pre-salt, recent and older pre-salt discoveries in existing areas and on recently-awarded blocks within Campos Basin offer significant…
Australian explorer Woodside's latest exploration wells offshore Myanmar were non-commercial or dry, the firm has revealed. Thalin discovery Source: Woodside The firm's Pyi Tharyar-1 well…
Searcher Seismic has made its entry into Argentina with four new multiclient projects. Map of Searcher's four multiclient projects off Argentina. Map from Searcher. Beginning in phases…
Searcher Seismic has announced entry into Argentina with four new multi-client projects. Commencing in phases, the first phase comprises of an Offshore Basin Analysis Report providing a regional framework to understand the offshore basins of Argentina…
Woodside has made its third gas discovery offshore Myanmar. The Pyi Thit-1 exploration well in Block A-6 in the Southern Rakhine Basin intersected a 65m gross gas column. A 36m net gas pay interval was interpreted within the primary target sandstone reservoir…
CGG has started its Gippsland ReGeneration 3D reprocessing project in Australia’s premier Gippsland Basin, offshore southeast Australia. The project will offer the industry the highest-resolution 3D seismic data available in what CGG calls an 'extremely prospective' area…
Woodside Petroleum has added a fifth well to its Myanmar drilling program, following successful results from the Thalin deepwater discovery. The company also revealed it has made some progress in narrowing alternative ideas for the development of Browse basin offshore Western Australia…
Transocean is to scrap two idle rigs and has idled three others as contracts have been dropped, while others have been extended. The floaters M.G. Hulme, Jr. and GSF Rig 140 were classified as held for sale. Transocean says these rigs will be recycled…
Elaine Maslin reports on the year’s top discoveries to date. The largest discoveries were smaller in 2016, but the average ranged between 396-524 MMboe. Atwood Oceanic’s Atwood Achiever drillship…
Statoil is giving up on exploring the Reinga basin offshore New Zealand, following its three-year study of the area, which has shown low probability of a discovery. Map of New Zealand, from Statoil…
CGG has started a large broadband 3D multi-client survey in the pre-salt area of the deep water Santos Basin, offshore Brazil. Santos VII (Saturno) is the third phase in CGG’s most ambitious pre-salt project to date, collectively known as the Santos Basin Trilogy…
Oil major Shell is planning to start exploration drilling offshore Tanzania later this year, according to partner Ophir Energy. The drilling program, due to start in Q4, will comprise two wells on Blocks 1 and 4 and target >1 Tcf of gas…
Woodside Petroleum is preparing for its Myanmar drilling campaign as soon as next year, after identifying 2.4 Tcf of gas in the area earlier this year. Coleman. Image from Woodside. “Our…
