Tuesday, December 18, 2018

Exploration News


BP Nears FID at Platina Field Offshore Angola

Dec 17, 2018

Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the development of the Platina field in the BP-operated deepwater Block 18, offshore Angola.Platina would be BP’s first new operated development in Angola since the PSVM project in Block 31 began production in 2013. It would be the second phase of development in Block 18, following the BP-operated Greater Plutonio project…

CNOOC Plans Exploration Spending Boost

3 hours ago

China's CNOOC Ltd plans to invest a record amount of money in oil and gas exploration in the next few years to raise the company's output and reserves, its chairman said on Tuesday.'The central government highly values oil exploration,' CNOOC's Chairman Yang Hua said at a company event…

Sonangol, ExxonMobil Ink Exploration Deal

Dec 14, 2018

Angola's state oil company Sonangol and ExxonMobil on Friday signed a memorandum of understanding for oil exploration in the country's Namibe basin, the two firms said.Angola, Africa's second-largest crude producer, is facing a steep output…

Hess, Conoco Raise 2019 Production Outlook

Dec 10, 2018

Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday.Investors have been urging U.S. oil…

Talos Energy Begins Zama Discovery Appraisal Program

Dec 05, 2018

Talos Energy  has spudded its Zama-2 appraisal well, beginning the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack.The Zama discovery, which is located in Block 7 in the Sureste Basin…

Hess Made 10th Discovery at Stabroek Offshore

Dec 04, 2018

American global independent energy company Hess Corporation announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block.The company engaged in the exploration and production of crude oil and natural gas said that as…

Petrobras, Murphy to Explore in GoM

Dec 03, 2018

Brazil's state-controlled Petroleo Brasileiro SA (Petrobras) said on Monday it had sealed a joint venture with Murphy Exploration & Production Company to explore oil and gas fields in the Gulf of Mexico, according to a securities filing.Petrobras received $795 million for the deal…

Gabon Offers 22 Offshore Blocks

Nov 28, 2018

Gabon's Minister of Oil and Hydrocarbons Pascal Houangni Ambouroué has unveiled a new offshore licensing round covering 12 shallow-water and 23 deep-water blocks.A report from global law firm Dentons pointed out that this new bid round for offshore…

Ecopetrol Sets 2019 Investment at $3.5 billion

Nov 27, 2018

Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.The investment is the backbone of an…

Montha-1 Exploration Well Disappoints KrisEnergy

Nov 25, 2018

KrisEnergy, a Southeast Asian upstream company, focuses on the exploration, development, and production of oil and gas, has failed to find significant hydrocarbon shows in the Montha-1 exploration well in the reservation area of the G10/48 license in the Gulf of Thailand…

Equinor Energy Strikes Gas in Barents Sea

Nov 22, 2018

Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion…

Congo Unveils More Enticing Offshore Exploration Opportunities

Nov 22, 2018

Congo (Brazzaville), sub Saharan Africa's third largest oil producer, has intensified its campaign to promote the country's offshore drilling and exploration investment opportunities.The Ministry of Hydrocarbons hopes to ride on the new hydrocarbons…

Philippine Senators Ask Duterte to Disclose China Energy Plan

Nov 20, 2018

Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are not recognized under international law…

Equinor Plans More International Wells

Nov 20, 2018

Norwegian oil and gas firm Equinor plans to drill more exploration wells internationally and more onshore wells in 2019 compared to this year, the company's head of exploration said on Tuesday.'In general, there will be more international activity…

Novatek in Nyakhartinskoye Field Gas Find

Nov 19, 2018

Russia's largest independent natural gas producer Novatek announced that its wholly owned subsidiary OOO Novatek-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous…

Current News

Saipem Nearing Deal for Russian LNG Work

Saipem Nearing Deal for Russian LNG Work

Rowan Scores Guyana Contract

CNOOC Plans Exploration Spending Boost

CNOOC Plans Exploration Spending Boost

DNO Buys More Faroe Shares

DNO Buys More Faroe Shares

Tech, New Finance Model Trimming Drill Risk

Tech, New Finance Model Trimming Drill Risk

Indonesia Approves Eni’s Merakes Project

Indonesia Approves Eni’s Merakes Project

Triton Knoll Announces Decommissioning

Triton Knoll Announces Decommissioning

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week