Exploration News

 

Equinor Finds Gas and Condensate at Atlantis Well in North Sea

Jul 08, 2020

Norwegian oil and gas company Equinor has discovered gas and condensate in the exploration well 30/2-5 S Atlantis, in the North Sea, offshore Norway.The discovery was made about 17 kilometers south of the Kvitebjørn field in the North Sea and 160 kilometers northwest of Bergen.Based on preliminary estimates the proven reserves are between 3 and 10 million standard cubic meters of recoverable oil equivalent…

Total Wins Woodmac's 'Most Admired Explorer' Award

Jul 06, 2020

French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s annual Exploration Survey.  Dr. Andrew Latham, Vice President, Global Exploration Research, at Wood Mackenzie…

Dry Barents Sea Well for Spirit Energy

Jul 06, 2020

Spirit Energy has failed to find hydrocarbons at a Barents Sea exploration well in the production license 719, offshore Norway.The Norwegian Petroleum Directorate said Monday morning that Spirit Energy had concluded the drilling of wildcat well 7321/8-2 S and that the well was dry…

Sasol Returns Exploration License Offshore Mozambique

Jul 06, 2020

South African petrochemicals giant Sasol Ltd has opted to give up its license to explore for gas off the Mozambique coast, the company said on Sunday.'Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end…

Safety Regulator Approves Three Drilling Projects Off Norway

Jul 02, 2020

The Norwegian offshore safety regulator PSA Norway has in the past two days approved three offshore drilling projects in the North Sea and the Norwegian Sea.On Wednesday, the PSA gave consents for ConocoPhillips' Warka and Wellesley Petroleum' Schweinsteiger exploration wells…

OMV Petrom Snaps Up Black Sea Block in Georgia

Jun 29, 2020

Romania's OMV Petrom has provisionally won the rights to explore for oil and gas in a Black Sea block off the coast fo Georgia.OMV Petrom said Monday it had been selected as the winner of the open international tender held by the Ministry of…

Aker BP Secures Approval for Two Norwegian Sea Wells

Jun 25, 2020

Norwegian oil company Aker BP has secured regulatory approval from the Norwegian Petroleum Directorate to drill two wells in a block in the Norwegian Sea.Under the plan, Aker BP will drill wells 6607/12-4 and 6607/12-4 A in the production license 127 C…

Far Signs Gambia JOAs with Petronas. Seeks Drilling Partners

Jun 25, 2020

Australian oil and gas company Far has signed new Joint Operating Agreements with Petronas related to the A2 and A5 offshore blocks in The Republic of The Gambia.This follows the granting of new licenses for those blocks by the country's government effective October 1…

Woodmac: How has the Price Crash Changed the Upstream Sector?

Jun 25, 2020

According to Wood Mackenzie’s analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry.Andrew Pearson, vice president, upstream, said: 'This figure captures the impact of Wood Mackenzie’s downgraded…

PGS: First Peru MegaSurvey Seismic Data Available

Jun 17, 2020

Norwegian offshore seismic data acquisition company PGS has said that the first data of its Peru MegaSurvey is now available. The seismic dataset, including 2D and 3D data, is aimed at E&P companies interested in South America, specifically Peruvian coastline hydrocarbon potential…

Call for Bids Launched for Offshore Blocks in Eastern Newfoundland

Jun 12, 2020

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licenses in the Eastern Newfoundland Region.Call for Bids NL20-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 17 parcels and a total of 4…

Bahamas Petroleum Expands Portfolio with Uruguay Offshore Block

Jun 09, 2020

Oil and gas firm Bahamas Petroleum Company, expected to spud its first well offshore the Bahamas later this year, has expanded its portfolio.The company on Tuesday said it has been awarded the AREA OFF-1 petroleum licence offshore Uruguay. According to Bahamas Petroleum…

Norway Oil Companies Slash Investment Plans

Jun 04, 2020

Norwegian oil and gas investment, a key economic driver, is expected to decline sharply in 2021 after rising less than previously anticipated this year, an industry survey by the national statistics agency (SSB) showed on Thursday.The biggest…

Nigeria Launches Licensing Round for Marginal Oilfields

Jun 02, 2020

Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years, the Department of Petroleum Resources (DPR) said on Monday, despite court rulings last week that barred some of the fields from being auctioned.Marginal…

National Oil Companies to Cut Over a Quarter of Exploration Budgets

May 20, 2020

National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.Woodmac said Wednesday its analysis was based on announcements and tracking well plans of 11 top spending NOC explorers…

Current News

Petrofac Nets $135M Contract with Kazakhstan's NCOC

Petrofac Nets $135M Contract with Kazakhstan's NCOC

Report: Total Secures $15.8B for Mozambique Gas Project

Report: Total Secures $15.8B for Mozambique Gas Project

Talos, Pemex Told to Seek Deal on Shared Offshore Oil Discovery

Talos, Pemex Told to Seek Deal on Shared Offshore Oil Discovery

Oceaneering Lands W. Australia Order

Oceaneering Lands W. Australia Order

Subscribe for OE Digital E‑News

Offshore Engineer Magazine