Exploration News


Asia Pacific: 2019 Will Be ‘Relatively Low-key’

Jan 30, 2019

The Asia-Pacific offshore oil and gas industry has begun to emerge from the recent global downturn, but remains among the regions where the road to recovery has been particularly slow.“Australia has seen positive news on new liquefied natural gas (LNG) start-ups and a surge in merger and acquisition activity, but elsewhere optimism has been confined to a few pockets of exploration success in Myanmar…

Shell, Repsol Team Up Offshore Bulgaria

3 hours ago

Bulgaria has given permission to Royal Dutch Shell to transfer 20 percent of the rights to explore a block off its Black Sea coastline for gas and oil to Spain's Repsol, the government said on Wednesday.In December, Shell was allowed to transfer…

Exploration Comes-back with a Bang

12 hours ago

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.The energy research and business intelligence…

Wood Wins Equinor EPCI Contract

12 hours ago

UK-based offshore engineering specialist Wood has received a contract from Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.The $13m…

Santos Broadens Offshore Exploration in N.Australia

Feb 19, 2019

The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits…

McDermott Bags Pan Malaysia Jobs

Feb 19, 2019

American multinational McDermott International has announced Malaysian offshore projects contracts for developing pan Malaysia oil fields.One contracts was from Sarawak Shell Berhad and the other from Sapura Exploration and production, a press…

Ocean Apex to Drill at Ironbark

Feb 13, 2019

Semi-submersible drilling rig Ocean Apex, operated by Diamond Drilling, has been contracted by BP Developments Australia, for the drilling of the Ironbark prospect in exploration permit WA-359-P, in the Carnarvon Basin offshore Western Australia…

Petrofac Bags Siccar UK Wells Contract

Feb 12, 2019

The provider of oilfield services to the international oil and gas industry Petrofac said that its Engineering and Production Services (EPS) business has added to its growing Well Engineering portfolio with the award of a contract from independent Exploration and Production company…

High Impact Exploration on The Rise

Feb 11, 2019

In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018.According to Westwood Insight, one of these discoveries, Glengorm in the UK North Sea…

Equinor to Drill Five Exploration Wells off Britain in 2019

Feb 07, 2019

Norway's oil and gas firm Equinor plans to drill a record five exploration wells off Britain, including four-operated wells, the company said on Thursday.The campaign includes a well to appraise Equinor's Verbier discovery, currently estimated…

CGX, Frontera in Guyana Offshore Deal

Feb 04, 2019

Canadian oil and gas exploration company CGX Energy and compatriot petroleum exploration and production company Frontera Energy have executed a farm-in joint venture agreement covering CGX’s two shallow water offshore Petroleum Prospecting Licenses in Guyana…

Total Plans Biggest Exploration Drive in Years

Jan 29, 2019

Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year…

Norway Green Lights Lundin Exploration Drilling

Jan 23, 2019

Lundin has received consent from the Norwegian Petroleum Safety Authority to drill two exploration wells east of the Edvard Grieg field in the central North Sea.PSA announced Wednesday it has given Lundin consent for exploration drilling and…

Equinor Stops Drilling Arctic Well After Incident

Jan 21, 2019

Norway's Equinor has put on hold the drilling of a key exploration well in the Barents Sea after a well incident last week, the company said on Monday.The incident occurred when Seadrill's rig West Hercules was drilling the Gjoekaasen well offshore Norway…

Inpex Wins Exploration Acreage Offshore Norway

Jan 20, 2019

Japan’s Inpex Corporation, through its unit Inpex Norge bagged two exploration licenses offshore Norway in Norway’s Awards in Predefined Areas (APA) 2018 licensing round.The PL1027is located in the western Barents Sea offshore and PL1016 is…

Current News

Equinor to Explore off Australia

Equinor to Explore off Australia

Wood Bags EPCI Contract from Equinor

Wood Bags EPCI Contract from Equinor

Top-tension Riser JIP Launched

Top-tension Riser JIP Launched

Shell, Repsol Team Up Offshore Bulgaria

Shell, Repsol Team Up Offshore Bulgaria

Babcock Wins BW Catcher Contract

Babcock Wins BW Catcher Contract

Sakhalin: Offshore Heavy Lift Refit

Sakhalin: Offshore Heavy Lift Refit

Neptune Energy to Present Plan for Norway Fields

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