Exploration News

 

Karoon Hires Stena Drillship for Peru

Nov 17, 2019

Australia exploration company Karoon Energy has signed an agreement with the drilling contractor Stena Drilling and oil company Tullow Oil to contract the Stena Forth drillship for Karoon’s Marina-1 exploration well located offshore Peru.'The Stena Forth has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the Tumbes Basin in Peru with drilling scheduled to commence early in the 1st quarter 2020…

Croatia Awards Licence to INA for Gas and Oil Exploration

Dec 05, 2019

The Croatian government said on Thursday it had awarded a licence to energy group INA for gas and oil exploration and exploitation on one block in the country's central and mountainous southern area.It gave no financial details.Earlier this…

SeaBird Wins New OBN Survey

Nov 11, 2019

Norwegian seismic company SeaBird Exploration has received a letter of intent for the exclusive provision of source vessel services for an ocean bottom node (OBN) survey.The survey will take place in the Eastern Hemisphere, said the global provider…

Shell Eyes Brazil Exploration Areas

Nov 08, 2019

The head of Royal Dutch Shell Plc in Brazil said on Friday that it currently made more sense for the company to look for exploration areas.Speaking after Brazil's disappointing oil auctions this week, which Shell chose to sit out, Andre Araujo said the Buzios block…

MDL Concludes Spirit Flexible Transpooling

Nov 05, 2019

MDL Marine Services has successfully completed tranpooling of a flexible product for an independent UK exploration and production company, Spirit Energy.The project was managed by MDL Project Engineering Team and entailed relocating the client’s…

Kosmos Strikes Oil Off Equatorial Guinea

Nov 03, 2019

American upstream oil company founded and based in Dallas Kosmos Energy made an offshore oil discovery in Equatorial Guinea, Reuters reported quoting the Ministry of Mines and Hydrocarbons.The S-5 well was drilled at a total depth of 4,400 meters…

E&P Companies Struggle on RoI

Oct 31, 2019

International  exploration & production (E&P) are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.Rystad Energy has evaluated all offshore oil fields sanctioned…

Orca-1 is Largest Gas Discovery of the Year

Oct 29, 2019

On 28 October 2019 oil giant BP announced a major gas discovery, Orca-1, exploration well in the BirAllah area off the coast of Mauritania.“The deepest and largest discovery so far this year, Rystad Energy estimates Orca-1 holds around 1.3 billion…

38 Oil and Gas Discoveries Made in Q3

Oct 24, 2019

GlobalData revealed that a total of 38 oil and gas discoveries were made globally in Q3 2019.South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019, with eight discoveries each during the quarter…

China Hosts Deep-Sea Exploration Contractors Meet

Oct 15, 2019

The third annual meeting between the International Seabed Authority (ISA) Secretariat and the contractors with deep-sea exploration contracts in the international deep-seabed (the Area) concluded in Changsa, China on Sunday.Delegates gathered…

SAExploration Wins AsiaPac Deal

Sep 29, 2019

Houston-based  global seismic services company SAExploration has won a a new shallow-water ocean-bottom marine project in the Asia Pacific region for a major national oil company.According to a press note from the ocean bottom node seismic company the contract is valued at approximately $28 million…

Schlumberger, WesternGeco to Provide E&P Data

Sep 16, 2019

WesternGeco, the seismic and geophysical data solutions division of Schlumberger, has entered a strategic collaboration with IHS Markit, a global provider of information, analytics, and solutions.The collaboration will bring together data, technology…

EOG Bags Offshore Ireland Licence

Aug 08, 2019

United Kingdom-based exploration and production company Europa Oil & Gas  (EOG) has been awarded a 15-year frontier exploration licence for an area in the Slyne Basin, offshore Ireland.The area includes Europa’s flagship Inishkea prospect, which…

Petronas Signs Offshore Deal with Gabon

Aug 05, 2019

Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) has signed an agreement with Gabon for two exploration permits after the African country enacted a new oil law last month.A Bloomberg report quoted Noel Mboumba, Gabon’s petroleum…

Investments in Exploration Drilling to Double

Aug 05, 2019

Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia, Africa and South America.Europe on the other hand…

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Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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