Exploration News

 

The Gambia: BP to Pay $29.3M No-drill Fee

Aug 11, 2021

The Gambian government said on Tuesday BP has agreed to settle a $29.3 million outstanding commitment to drill an exploration oil well in the West African country's offshore A1 block, which the company was awarded two years ago.BP broke its obligations by failing to drill a well before the initial exploration period expired on 29th July, government spokesperson Ebrima Sankareh said in a statement.BP did not immediately respond to an emailed request for comment…

Challenger Energy Believes in The Bahamas Offshore Potential Despite Dry Well. Seeks Partner, License Extension

Aug 16, 2021

Challenger Energy, the company until recently known as the Bahamas Petroleum Company, is seeking an extension to the license period for its offshore blocks in the Bahamas after it earlier this year drilled an offshore well that failed to unearth commercial quantities of oil…

Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

Jul 28, 2021

Malaysia's Petronas has awarded Block SK437 offshore Sarawak, Malaysia to Petronas Carigali, Sarawak Shell Berhad, Petroleum Sarawak Berhad (Petros).Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2…

Russia's Lukoil Takes Over Offshore Area in Mexico for $435M

Jul 05, 2021

Russian oil company Lukoil has agreed to acquire a 50% operator stake in the Area 4 project offshore Mexico.The transaction value is $435 million-plus expenditures incurred in 2021 as of the transaction completion date. The completion of the transaction is subject to certain conditions…

TotalEnergies, Qatar Petroleum, Chevron Submit Winning Bids for Suriname Offshore Blocks

Jun 18, 2021

U.S. oil major Chevron, and a consortium between France's TotalEnergies and Qatar's Qatar Petroleum have submitted winning bids for shallow-water offshore acreage in Suriname, Suriname's national oil company Staatsolie said Friday.Staatsolie…

Indonesia: Eni, SKK Migas Ink Exploration MoU

Jun 17, 2021

Italian oil and gas company Eni said Thursday it had signed an agreement with SKK Migas for cooperation on exploration activities in Indonesia. The memorandum of understanding defines the framework for further cooperation in the processing and…

Australia Opens Bidding for Offshore Exploration Acreage

Jun 15, 2021

Australia has this week opened bidding for the 2021 Offshore Petroleum Exploration Acreage Release, offering areas with around 80,000 square kilometers of new acreage available for exploration in Commonwealth waters.Minister for Resources, Water…

Lawsuit Challenges ExxonMobil's Exploration and Production Activities in Guyana

Jun 02, 2021

A landmark lawsuit filed against Guyana's government, arguing that oil production fuels climate change, could bolster legal action as court cases involving energy companies and state authorities surge, according to lawyers and environmentalists…

Lundin Gets Drilling Permit for North Sea Appraisal Well

May 21, 2021

Swedish oil firm Lundin Energy has secured a drilling permit from the Norwegian Petroleum Directorate for an appraisal well in the North Sea, offshore Norway.Lundin will drill the well 16/1-34 S in the production license 167 using the Deepsea Stavanger semi-submersible drilling rig…

Emerson Moves Repsol's Exploration Data to the Cloud

Apr 14, 2021

Emerson, industry digital transformation solutions provider, said Tuesday it has successfully migrated Spanish oil company Repsol's exploration data - some 90 terabytes - to the cloud. Cloud capabilities enable companies to securely store the data that powers vital analytics…

U.S. Appeals Court Affirms Atlantic, Arctic Offshore Leasing Bans

Apr 14, 2021

A federal appeals court on Tuesday confirmed bans on offshore oil leasing in most federal Arctic waters and in the Atlantic after the Trump Administration tried to open them up to development.The 9th Circuit Court of Appeals said President Joe…

Kosmos Energy Exploration Head Moves to Apache

Apr 13, 2021

Oil and gas company Apache has appointed Tracey K. Henderson as its Senior Vice President, Exploration. Henderson joins the company from Kosmos Energy, where she served as Chief Exploration Officer. 'While at Kosmos, she contributed to the discovery of the Jubilee Field offshore Ghana…

Tower Resources Gets License Term Extension in Cameroon

Mar 31, 2021

Africa-focused oil firm Tower Resources has received an extension of the first exploration period at its Thali license offshore Cameroon.It said Wednesday that the Government of the Republic of Cameroon had notified its subsidiary in Cameroon…

Guyana to See Record Number of Offshore Wells Drilled in 2021

Mar 15, 2021

Guyana, a country that has become a deepwater oil and gas exploration hotspot mostly due to a string of discoveries made by ExxonMobil in recent years, is set for a record year when it comes to the number of offshore wells expected to be drilled in 2021…

Guyana: Tullow Oil, Partners Keep Control Over Orinduik Offshore Block Until 2023

Mar 15, 2021

The government of Guyana has granted an extension to the term of the Tullow Oil-operated Orinduik offshore block that will see the block partners maintain control of the block until 2023. According to Eco Atlantic, Tullow Oil's partner in the offshore block…

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