Tullow Oil has been given more time to decide on whether to drill a well at an offshore block in Jamaica’s Walton Morant Basin. The company is also in talks to farm-out some of its share in the block.The news of the extension was shared on Tuesday morning by United Oil & Gas…
Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters.CNOOC said Monday that its targeted net…
Equatorial Guinea’s minister for mines and hydrocarbons Gabriel Mbaga Obiang Lima has signed several MoU with bidders of the country’s 2019 Licensing Round.The government of Equatorial Guinea last year offered 27 free blocks for exploration…
Lundin Petroleum has cut its resource estimate for the Alta oil discovery in the Norwegian Arctic, and no longer sees Alta and the nearby Gohta find as commercially viable for a joint field development, the Swedish company said on Monday.The company…
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many exploration and production (E&P) boardrooms in 2019, but the impact on exploration drilling is not yet apparent. The global high impact well[1] count in 2019 was 91 wells…
Optimum and Lekoil, partners in the OPL 310 license offshore Nigeria, have kicked off the site survey ahead of the planned drilling expected later this year.'The marine vessel, conducting the site survey, arrived at site location yesterday and…
The global oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015.According to Rystad Energy, last year recorded 26 discoveries of more than 100 million boe, with…
Norway started producing oil more half a century ago, and, according to the Norwegian Petroleum Directorate, it still hasn't produced half of the resources available.'NPD's analyses show that around 48 percent of resources have been produced…
Khazar Exploration and Production Company (KEPCO), a subsidiary of National Iranian Oil Company (NIOC) which handles exploration operation in the Caspian Sea region in northern Iran, has announced the start of two major projects within areas run by the company…
Russian natural gas producer and LNG major Novatek said that its wholly-owned subsidiary Arctic LNG 1 has secured the rights to explore the Bukharinskiy license.Arctic LNG 1 won on the auction for geological survey, exploration and production…
The mid-tier UK oil & gas company operating mainly in the North Sea, Serica Energy has announced an “out of round” North Sea licence award.The exploration and production firm said that its wholly owned subsidiary, Serica Energy (UK) Limited…
Australian oil and gas exploration and production company Beach Energy Limited has signed an agreement with OMV GSB Oil Exploration to acquire a 30% participating interest in exploration permit (EP) PEP50119 in the Great South Basin, offshore New Zealand…
Singapore based Energy Drilling has been awarded a contract by the Thailand's oil and gas company PTT Exploration & Production International (PTTEP) to provide drilling services on the Arthit field in Gulf of Thailand.The builder and manager…
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…
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…
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