Exploration News


Mega Machine Deep Driller: JOIDES Resolution

Aug 21, 2023

The JOIDES Resolution embarks on Expedition 395 to understand the impacts of mantle plumes on deep ocean currentsThe world’s oceans, still largely unexplored, remain a treasure trove for scientists and researchers alike. Physical, chemical and biological features of the ocean interact with each other and in turn, influence oceanic, meteorological, atmospheric and even geological events. Drilling below…

Guyana Receives Bids for Eight Oil and Gas Blocks

Sep 13, 2023

Guyana on Wednesday received bids for eight of 14 offshore oil and gas exploration blocks offered in its first auction, including from groups formed by Exxon Mobil and TotalEnergies, according to the government and documents seen by Reuters…

Norway Oil and Gas Exploration Round Attracts Bids from 25 Companies

Aug 29, 2023

Norway's annual offshore exploration licensing round in mature areas attracted bids from 25 oil and gas firms, including Shell, ConocoPhillips, Aker BP and Equinor, the country's energy ministry said on Tuesday.In May, the ministry offered 92…

ONGC Videsh Secures Three-Year Extension to Explore South China Sea

Aug 20, 2023

Indian energy company ONGC Videsh has secured a three-year extension from Vietnam to explore 'Block 128' in the South China Sea, it said in a post on social messaging platform X, formerly known as Twitter.Conflicting territorial claims over…

Oil and Gas Exploration Spending Expected to Recover from Historic Lows

Aug 16, 2023

Exploration spending (excluding appraisal) will recover from historic lows to an average of $22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.Tailwinds from attractive exploration economics…

Norway Offers 92 Blocks in Mature Areas Licensing Round

May 11, 2023

Norway offered 92 new blocks to explore for oil and gas in the Norwegian and the Barents Seas on Wednesday in so-called APA round, the country's oil and energy ministry said.In recent years, Norway used annual APA rounds to aggressively expand exploration acreage in the Arctic Barents Sea…

Petrobras to Keep Stake in Colombia's Deepwater Block Tayrona

May 01, 2023

Brazil's state-controlled oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia's Ecopetrol in the Andean country, a Petrobras executive said at a Houston energy conference on Monday…

Wintershall Dea Makes Important Discovery Offshore Mexico

Apr 26, 2023

Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan exploration prospect in Block 30, located in the shallow waters of the Cuenca Salina in the Sureste Basin, offshore Mexico…

BlueNord and Semco Maritime Enter Into Oil and Gas Partnership

Apr 12, 2023

Norwegian Energy Company (Noreco), to be renamed BlueNord, has entered into a strategic partnership with Semco Maritime to jointly explore oil and gas opportunities.In addition, BlueNord has submitted a licence application for acreage containing…

Petrobras 'Pre-salt' Geologist Tapped to Head E&P

Jan 30, 2023

The new Chief Executive of Brazil's Petrobras, Jean Paul Prates, has picked geologist Mario Carminatti to head the oil company's exploration and production division, people with knowledge of the information said on Friday.As the company's chief geologist…

OMV Confirms Find in One of "Largest Prospects in Norway"

Sep 23, 2022

The Norwegian arm of Austrian energy and petrochemicals company OMV has confirmed that the Oswig exploration well in the Norwegian North Sea has made a gas-condensate discovery. OMV (Norge), as operator, said that it and its partners had now…

OMV Targets Velocette Well in 2023

Sep 23, 2022

A rig contract for drilling the OMV-operated Velocette exploration well in the Norwegian Sea has been signed, according to partner in the project North Sea oil and gas company Longboat Energy.The company says that Velocette (PL 1016) will be drilled using the semi-submersible Transocean Norge…

Zenith Bids for Benin's Largest Oilfield

Sep 23, 2022

Zenith Energy has made an offer to the Republic of Benin operate Block 1 containing the 'largest and most prospective oilfield in the country'. The shallow water block in the Gulf of Guinea contains the Sèmè oilfield, which was discovered in 1968 and produced for 14 years…

Transocean Lands 17 Well Deal in Norway

Sep 22, 2022

Austria's OMV and German operator Wintershall Dea have jointly contracted Transocean's Transocean Norge semisubmersible drilling rig for drilling 17 wells in Norway. The two firms also said they had entered into an exclusive partnership with…

TotalEnergies Extends Suriname Rig Contract

Sep 22, 2022

TotalEnergies E&P Suriname has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to its contract for the Maersk Drilling's Maersk Valiant drillship. The contract extension is expected to start in January 2023…

Current News

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

Global Underwater Hub Hosts Royal Visit from King Charles

Global Underwater Hub Hosts Royal Visit from King Charles

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

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