Norwegian oil and company Aker BP has made a minor oil and gas discovery in the Norwegian Sea.According to the Norwegian Petroleum Directorate, Aker BP ASA, as the operator of the production licence 127 C, has concluded the drilling of wildcat well 6607/12-4 and appraisal well 6607/12-4 A…
Oil firms are expected to drill just 30 exploration wells off the coast of Norway this year, the lowest level in 14 years as companies seek to manage spending amid a pandemic, the Norwegian Petroleum Directorate (NPD) said on Tuesday.The search…
Chinese oil and gas company CNOOC has said it has made a significant discovery of Huizhou 26-6 in the Eastern South China Sea.CNOOC on Monday said the discovery was expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin…
Norway is planning a major expansion of oil exploration in the Arctic, despite commitments to tackling global warming and opposition from environmental groups.Minister of petroleum and energy Tina Bru said on Wednesday the expansion was needed to protect jobs and generate wealth…
The Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result, reducing the world’s recoverable oil by around 282 billion barrels, Rystad Energy said in its annual global energy outlook released this week…
London AIM-listed oil and gas explorer Empyrean Energy has been given more time to drill a well in its 29/11 offshore block in China.Empyrean said Wednesday that, due to the COVID-19 pandemic and the resultant global control policies, it engaged…
Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore Mexico.The Mexican subsidiary of PTTEP, Thailand's largest oil and gas producer, and…
Austrian energy firm OMV has said it has struck oil and gas in the Taranaki Basin offshore New Zealand. OMV, as the operator of the Petroleum Exploration Permit (PEP) 60093, started drilling at the Toutoiwai-1 well in early March 2020.The oil…
ConocoPhillips Australia is nearing completion of the previously proposed acquisition of majority interest in the offshore Tasmanian Permit T/49P from 3D Oil.First announced in December 2019, the deal entailed ConocoPhillips acquiring a 75 percent stake…
The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…
Malawi’s 2019 Presidential election was annulled early this year by the Constitutional Court with directions to Malawi Electoral Commission asked to hold a fresh poll in five months. The question in the minds of many in the oil and gas exploration…
ConocoPhillips has made a minor oil discovery in the Norwegian part of the North Sea, near the Balder field. The company’s Norwegian subsidiary, ConocoPhillips Skandinavia, made the find while drilling the 25/7-8 S exploration well in the production…
Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters.CNOOC said Monday that its targeted net…
Khazar Exploration and Production Company (KEPCO), a subsidiary of National Iranian Oil Company (NIOC) which handles exploration operation in the Caspian Sea region in northern Iran, has announced the start of two major projects within areas run by the company…
The Croatian government said on Thursday it had awarded a licence to energy group INA for gas and oil exploration and exploitation on one block in the country's central and mountainous southern area.It gave no financial details.Earlier this…
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