News Categories: Exploration News
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Petronas Awards 2 Exploration Blocks in Sabah to SapuraKencana-Led JV
Friday, November 21, 2014 Petronas awards onshore Blocks SB331 and SB332 in Sabah, east Malaysia to the successful bidding consortium comprising SapuraKencana, M3nergy and Petronas Carigali.
Cue Energy Farms-in for 12.5% Stake in Mahato PSC in Sumatra
Friday, November 21, 2014 Cue Energy signs agreement with Bukit Energy to farm-in for a 12.5 percent stake in the onshore Mahato production sharing contract in central Sumatra, Indonesia.
CNOOC Discovers Oil at Lufeng 14-4 Structure in South China Sea
Thursday, November 20, 2014 CNOOC makes a mid-sized oil discovery at Lufeng 14-4 structure in eastern South China Sea.
Ineos Plans $1 Billion Investment In UK Shale Gas
Thursday, November 20, 2014 Ineos announces plans to invest $1 billion in shale gas exploration in Britain as efforts to emulate the US shale boom ramp up.
Tethys Suspends LE-1 Exploration Well in Oman's Block 4 for Further Study
Thursday, November 20, 2014 Tethys Oil suspends LE-1 onshore exploration well in Oman's Block 4 for further study.
Seabird Receives LOI for Seismic Survey in Southeast Asia
Wednesday, November 19, 2014 Seabird receives a letter of intent, worth $12-13 million, for 2D seismic survey in Southeast Asia.
Statoil To Keep Up Exploration Spending Despite Falling Oil Prices
Wednesday, November 19, 2014 Statoil will keep exploration drilling high in 2015 and plans to approve a new project this year, even as oil prices trade at 4-year lows, Ivar Aasheim says.
Rampart Energy Secures Rights to Permit WA-507-P in Carnarvon Basin
Wednesday, November 19, 2014 Rampart Energy secures rights to new exploration permit WA-507-P in the Carnarvon Basin, off the Northwest Shelf of Australia.
EDA Bags Contract from Heritage Oil to Drill 2 Exploration Wells in PNG
Wednesday, November 19, 2014 Energy Drilling Australia bags a contract with Heritage Oil to drill two exploration wells in Papua New Guinea.
Lundin Fails to Find Hydrocarbon at Kitabu-1 Prospect Offshore Sabah
Tuesday, November 18, 2014 Lundin completes Kitabu-1 exploration well offshore Sabah, Malaysia as a dry hole after failing to find any hydrocarbon.
Hibiscus Completes Deals for Stakes in 3DO's Upstream Assets in Australia
Tuesday, November 18, 2014 Hibiscus Petroleum completes transactions to acquire stakes in 3D Oil's upstream assets in Australia.
Proven Technologies Will be Key to Israel's 'New Era of Onshore Oil'
Tuesday, November 18, 2014 Former Shell Chief Scientist Harold Vinegar explains to a conference being held in Israel how the country can develop billions of barrels of oil resources held in oil shale.
Study: Groundwater Quality Not Impacted by Bakken
Monday, November 17, 2014 Energy development in the Williston Basin oil production area of Montana and North Dakota, which includes the Bakken and Three Forks Formations, has not affected shallow groundwater quality, according to a recently published study.
Eni Signs Angolan Gas-Development Deal
Monday, November 17, 2014 Italy's Eni signs a strategic agreement with Sonangol to co-operate on the development of Angolan gas resources.
Metgasco Responds to Gas Plan Mooted by NSW Government in Australia
Friday, November 14, 2014 Metgasco responds to Australia's New South Wales government gas plan and expressed concerns about repeated changes in regulation and policy.
Statoil to Withdraw from Permits EP127, EP128 in NT's Georgina Basin
Friday, November 14, 2014 Statoil decides to withdraw from permits EP127 and EP128 in the Georgina Basin, Northern Territory, Australia after disappointing drilling results.
Beach Ends Hydraulic Stimulation Program at Queensland's Redland-1 Well
Friday, November 14, 2014 Beach Energy completes hydraulic stimulation program at Redland-1 well in permit ATP 855 in the Cooper Eromanga basin in Queensland, Australia.
Comet Ridge Provides Update on Mahalo 7 Well in ATP 337P in Queensland
Friday, November 14, 2014 Comet Ridge updates on drilling at Mahalo 7 horizontal well in ATP 337P in Mahalo Block in Queensland's Bowen Basin, Australia.
Egypt Says To Repay Debts To Foreign Oil Companies Within Six Months
Thursday, November 13, 2014 Egypt plans to repay all of the debt owed to foreign companies within six months, the oil ministry says, a move it hopes will prompt them to step up exploration and ease the worst energy crunch in decades.
Australia's NSW State to Curb Gas Exploration, Set New Rules for Coal Seams
Thursday, November 13, 2014 The government of New South Wales says it would limit gas exploration across Australia's most populous state and set out new rules for coal seam gas developments while trying to avert a looming gas shortage.
Tullow Reviews African Assets To Cut Costs As Oil Prices Tumble
Wednesday, November 12, 2014 Tullow Oil places some of its African offshore drilling projects under review as it plans to cut exploration costs to deal with tumbling oil prices.
Talisman to Acquire 51% Stake in East Jabung PSC in South Sumatra
Wednesday, November 12, 2014 Talisman agrees to acquire a 51 percent stake in East Jabung production sharing contract in South Sumatra, Indonesia from Pan Orient Energy.
Cooper Energy Reports Poor Oil Shows at Akela-1 Well in Cooper Basin
Wednesday, November 12, 2014 Cooper Energy reports poor oil shows at Akela-1 exploration well in PEL 110 in Cooper Basin, South Australia.
Jamaica Signs Deal To Search For Offshore Oil, Gas
Tuesday, November 11, 2014 Jamaica's petroleum firm signs an agreement with a British oil company, clearing the way for oil and gas exploration in offshore blocks south of the island.
Drilling Results of Cooper Basin's Bauer-15 Well Exceeds Expectations
Tuesday, November 11, 2014 Beach Energy reports that drilling results of Bauer-15 development well in PPL 253 in South Australia's Cooper Eromanga basin exceed expectation.
Stena Clyde Semisub Spuds Pryderi-1 Prospect in Permit WA-424-P Offshore WA
Tuesday, November 11, 2014 Stena Clyde semisub spuds Pryderi-1 exploration well in permit WA-424-P offshore Western Australia.
Schlumberger Makes Mozambique Survey Available
Monday, November 10, 2014 Schlumberger announces the availability of its multiclient seismic survey offshore Mozambique.
Romania Does Not Have Shale Gas, PM Ponta Says
Monday, November 10, 2014 Romania's shale gas does not exist, Prime Minister Victor Ponta says.
Halcon Resources Slashes Drilling Rigs on Oil Price
Monday, November 10, 2014 Oil and gas producer Halcon Resources says it is cutting nearly half the rigs it originally planned to operate next year due to the more than 25 percent slide in crude oil prices.
Cairn Strikes Oil Again Offshore Senegal
Monday, November 10, 2014 Cairn Energy makes a second oil discovery offshore Senegal to follow up its FAN-1 well's 'substantial' oil find in early October.
UK Environment Agency Likely to Grant Permits for Shale Firm Cuadrilla
Monday, November 10, 2014 Britain's Environment Agency says it will likely approve environmental permits for shale gas firm Cuadrilla Resources at a site in northwest England.
Egypt Awards BP Two New Exploration Blocks
Monday, November 10, 2014 BP wins two new exploration blocks as a result of Egypt's 2013 EGAS bid round.