Exploration News

 

Tower Wraps Thali Survey Off Cameroon

Feb 10, 2020

Africa-focused oil company Tower Resources has completed a geotechnical survey at its Thali license offshore Cameroon, ahead of the planned drilling operations later this year.'The Geoquip Marine survey vessel MV Investigator completed its survey…

Colombia: Ecopetrol, Shell in Deepwater Team-Up

Feb 07, 2020

Colombia's Ecopetrol and Anglo-Dutch energy giant Royal Dutch Shell have teamed up to develop three blocks in the Caribbean, the state-owned oil company said on Friday. Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur…

Latin America, Africa Keep January Offshore Rig Count Up

Feb 07, 2020

There were 268 offshore drilling rigs active in the world in January 2020, oilfield services giant Baker Hughes said in its monthly rig count report released Friday.This is a slight increase compared to 266 offshore rigs actively exploring for oil and gas counted in January 2019…

Fugro Surveying i3's Offshore Drilling Locations

Feb 07, 2020

Dutch offshore survey company Fugro has started a site survey over oil company i3 Energy's UK North Sea licenses, ahead of the planned drilling campaign later this year.North Sea-focused oil company i3 said Friday that Fugro had started the…

BHP to Search for O&G Offshore Barbados

Feb 07, 2020

Anglo-Australian oil and mining giant BHP has obtained 'effective offshore exploration licenses' to search for oil in the waters off Barbados.The Barbados Government Information Service informed this week that the Caribbean country's government…

Noble Corp. Offshore Rig Duo Gets More Drilling Time

Feb 07, 2020

Offshore drilling contractor Noble Corporation has secured more work for two of its drilling rigs in Myanmar and Trinidad.In a fleet status update shared Thursday, Noble said its semi-submersible drilling rig Noble Clyde Boudreaux had won a new contract in Myanmar…

Africa Oil Farms Into Offshore Block in S. Africa

Feb 07, 2020

Canadian oil company Africa Oil has received the South African government's approval to buy into the offshore block 3B/4B.Africa Oil will acquire a 20% stake in the Block 3B/4B Exploration Right from Azinam. It will also assume operatorship for the joint venture partners…

OSV Docks in Beirut Ahead of Lebanon's First Offshore Well Spud

Feb 05, 2020

The offshore platform supply vessel Lundstrom Tide has docked in the port of Beirut, ahead of the imminent start of the drilling of Lebanon's first offshore well.The vessel will support a drilling operation in the Total-operated Block 4, in the Mediterranean Sea…

Europa Drops Irish Offshore Block

Feb 05, 2020

Europa Oil & Gas has relinquished its interest in LO 16/19 offshore block in Ireland's South Porcupine Basin, citing limited prospectivity.Europa farmed out a 70% stake in the LO 16/19 to Cairn back in 2017, retaining 30%. Cairn then funded the seismic acquisition campaign in 2018…

Virginia Lawmakers Vote to Block Offshore Drilling

Feb 05, 2020

Virginia Democratic-led lawmakers on Tuesday passed a bill to block future oil and gas development off the state's coastline, reflecting opposition to the Republican Trump administration's efforts to open Atlantic waters to fossil fuel exploration…

Norway to Set New Limit for Arctic Offshore Drilling

Feb 04, 2020

OSLO, Feb 4 (Reuters) - Norway may restrict oil firms' access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.The ice edge is…

Churchill Boasts 'Record-Breaking' Entry into Egyptian Market

Feb 04, 2020

Churchill Drilling Tools, oilfield services firm specializing in drilling equipment has entered the Egyptian offshore oil and gas market after an undisclosed operator ran five Churchill tools in its drill-string.'Egypt is just one of a number…

Tower Resources Begins Cameroon Survey Ahead of Drilling

Feb 04, 2020

London-listed Tower Resources has started the site survey at its Thali license offshore Cameroon, ahead of the planned drilling operation at the NJOM-3 well.Tower Resources said Tuesday that the Geoquip Marine geotechnical drillship vessel MV…

Russia Leads E&P Race in Arctic Region

Feb 03, 2020

Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the…

Guyana: Orinduik Block in Resource Estimate Boost

Feb 03, 2020

Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor.This is more than a billion-barrel…

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