Exploration News for Europe & Russia


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Oil Firms Must Explore More Off Norway To Maintain Output -Petoro
Wednesday, March 14, 2018 Oil companies must explore for more offshore oil and gas reserves if Norway is to maintain energy production at its current level, state-owned oil firm Petoro says.

Exxon, Total, Repsol Among Bidders For Oil Exploration Off Greece
Monday, March 05, 2018 ExxonMobil, Total and Repsol are among members of two consortia that have submitted bids to explore for oil and gas off Greece.

Statoil Contracts West Phoenix Rig for NCS, UKCS Drilling Campaign
Thursday, March 01, 2018 Statoil and its partners contract the West Phoenix rig to drill 4 exploration wells within the UK and Norwegian continental shelves from summer 2018.

NPD Awards Lundin Norway Drilling Permit for Well Offshore Norway
Wednesday, February 28, 2018 The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 7220/11-5 S, located in production license 609 offshore Norway.

Total, Edison Get Greek Go-Ahead For Oil And Gas Exploration
Wednesday, February 28, 2018 Greece's parliament gives the go-ahead for companies to explore for oil and gas.

NPD Grants Aker BP Drilling Permit for Wildcat Well
Wednesday, January 31, 2018 The Norwegian Petroleum Directorate grants Aker BP ASA a drilling permit for wildcat well 6507/5-8.

OMV Ramps Up Search For Gas In Austria
Monday, January 29, 2018 OMV is ramping up its geological survey work in Austria with a view to increasing its market share.

Eni Says Is Drilling In Black Sea Project While Monitoring US Sanctions
Wednesday, January 24, 2018 Eni says it is carrying out exploratory drilling in the Black Sea in a Rosneft-led offshore project - while ensuring its activities comply with US sanctions.

Iceland's Oil Dream in Peril as China, Norway Give Up Last Block
Tuesday, January 23, 2018 Iceland's hope of finding oil offshore its coast is fading.

Oil Companies Limiting Risk Offshore Norway
Monday, January 22, 2018 Oil companies are proceeding with caution offshore Norway, according to a new report from BMI Research.

Significant Commercial Gas Discovery Found Onshore Italy
Friday, January 19, 2018 A significant commercial gas discovery has been made at the Selva gas field in northern Italy, Po Valley Energy Limited (PVE) confirms.

Norway Hands Out 75 New Production Licenses in Record Breaking Round
Wednesday, January 17, 2018 Thirty-four companies have been offered a total of 75 new production licenses on the Norwegian continental shelf.

Exploration to Increase in 2018 but Investment Constraints Remain
Wednesday, January 17, 2018 Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment.

NPD Grants Spirit Energy Drilling Permit for Well Offshore Norway
Tuesday, January 16, 2018 The Norwegian Petroleum Directorate grants Spirit Energy Norge AS a drilling permit for well 6506/9-4 S.

Hope Wanes for 'Elephant' Oil Discoveries in Norway's Arctic
Friday, January 12, 2018 After a disappointing year for drillers, Norwegian authorities are reviewing their hopes.

NPD Confirms Successful Acquisition of New Seismic Data
Tuesday, January 09, 2018 The Norwegian Petroleum Directorate confirms the successful acquisition of around 4,500 kilometres of new 2D seismic data offshore Norway.

NPD Grants First Drilling Permit of 2018
Monday, January 08, 2018 The Norwegian Petroleum Directorate (NPD) grants its first drilling permit of 2018 to Lundin Norway AS for well 16/4-11.

Statoil Comes Up Dry in Central North Sea Well
Thursday, January 04, 2018 The Norwegian Petroleum Directorate confirms that Statoil Petroleum AS has come up dry in well 15/6-14 S.

Global Exploration Sector May Soon Return to Profit
Thursday, January 04, 2018 There are early signs that the global exploration sector may soon return to profit.

Rising Oil Industry Investment Drives Spectrum's Revenue Jump
Wednesday, January 03, 2018 Seismic surveyor Spectrum's 4Q revenue surge reflects a shift among oil firms towards more exploration, its chief executive told Reuters.

Oil Firms To Step Up Exploration Off Norway Next Year After Poor 2017
Friday, December 22, 2017 Efforts to find new oil off Norway are expected to double next year.

Po Valley Energy Announces 'Positive' Results from Well Onshore Italy
Wednesday, December 06, 2017 Po Valley Energy announces positive log results from the drilling of the Podere Maiar 1 (PM1) well on the Selva gas field onshore Italy.

Sharp Fall In Applications For Norway's Arctic Oil Permits
Tuesday, December 05, 2017 Norway's attractiveness as an oil region took a hit when energy authorities said 11 oil firms applied for stakes in exploration blocks in its latest oil licensing round

Statoil To Drill 5-6 Wells In Arctic Barents Sea In 2018
Tuesday, November 28, 2017 Norway's Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing.

OGA Releases Results of Government Funded Seismic Program
Monday, November 27, 2017 The Oil and Gas Authority releases the results of a $26 million UK Government-funded seismic program to support the upcoming 31st Offshore Licensing Round.

Mayor of London Rejects Fracking
Monday, November 27, 2017 The Mayor of London, Sadiq Khan, declares that there is no place for fracking in the city.

Lundin Norway Makes Non-Commercial Gas Discovery
Wednesday, November 22, 2017 Lundin Norway AS makes a non-commercial gas discovery in the southern Barents Sea.

OGA Receives 'Great Response' to Latest UK Offshore Licensing Round
Wednesday, November 22, 2017 The Oil & Gas Authority (OGA) said it received a 'great response' to the United Kingdom's latest offshore licensing round.

Arctic Oil Drilling Under Attack as Norway Dragged to Court
Monday, November 13, 2017 A group of activists is trying to put a stop to Norway's Arctic oil exploration and forcing the country to defend itself in the first court case of its kind.

Arctic Oil Promise Keeps Norway's Disappointed Wildcatters Going
Monday, October 16, 2017 It's been a bad year for oil explorers in Norway's Arctic, but companies aren't about to give up.

WoodMackenzie: Norway Remains Among World's Top 10 Places To Discover Oil
Thursday, October 12, 2017 Norway remains among the top 10 places to find oil worldwide, consultancy firm Wood Mackenzie says.

Large Dutch Gas Find Could Be Even Bigger After Positive Drilling Results
Wednesday, September 27, 2017 A large gas discovery in the Dutch North Sea could be even bigger after an exploration drill beat expectations.

Aker BP Plans To Drill 6-8 Exploration Wells In 2018
Wednesday, September 13, 2017 Aker BP plans to drill between six and eight exploration wells off Norway next year, including four in the Barents Sea.

Energean Gets Approval To Develop Field Offshore Greece
Friday, September 08, 2017 Energean says it secured approval to develop the Kataloko field in Western Greece, its third such project in the eastern Mediterranean.

Norway Receives More Bidders For Mature Areas Oil Licensing Round
Wednesday, September 06, 2017 Norway's licensing round to explore for oil and gas in mature offshore areas attracted bids from 39 companies.

France Plans to End Oil Output by 2040 With Exploration Ban
Wednesday, September 06, 2017 France will stop granting new exploration permits next year as it seeks to end all oil and gas production by 2040, according to a draft bill presented at a cabinet meeting.

Norway's Arctic Oil Ambitions Suffer As Most Promising Well Yields None
Tuesday, August 29, 2017 Norway's hope of discovering a large oilfield in the Barents Sea has suffered a major setback.

Big Oil's Dream of $65 Billion Hidden Off Norway Is Fading Away
Monday, August 07, 2017 The oil industry has been salivating for years over Norway's Arctic Lofoten islands, which could hold billions of barrels of crude. It will likely have to keep dreaming.

Statoil Scales Down Exploration Plans For 2017
Thursday, July 27, 2017 Statoil has reduced its exploration ambitions for 2017 and will drill around 30 wells.

US Said to Stymie Japan's Plan to Explore for Russian Oil
Friday, July 14, 2017 A Japanese group's plans to explore for Russian oil with Rosneft PJSC have been stymied by US intervention over sanctions, according to people.

Repsol, Gazprom Neft in Collaboration Deal
Monday, July 10, 2017 The Chief Executive Officers of Repsol and Gazprom Neft, Josu Jon Imaz and Alexander Dyukov, sign a memorandum of understanding to increase collaboration between both companies in West Siberia.

Eni Makes New Discovery in Barents Sea
Monday, July 03, 2017 Italian energy company Eni makes a new discovery in the PL532 license, southwest of the Johan Castberg field.

Most Admired Explorer Revealed
Thursday, June 29, 2017 Who has secured the title of most admired explorer?

Greece Approves Offshore Applications by Total-ExxonMobil, Energean
Friday, June 23, 2017 Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum, its energy ministry said.

Norway Offers Record Number Of Blocks For Arctic Oil Exploration
Wednesday, June 21, 2017 Norway offers a record number of blocks for oil and gas exploration in the Arctic Barents Sea.

Faroe Islands Looks To Restart Hunt For Oil And Gas
Wednesday, June 21, 2017 Oil companies are interested in restarting the hunt for oil and gas in the scarcely explored seas off the Faroe Islands.

OGA Announces Measures to Stimulate UKCS Interest
Monday, June 19, 2017 The Oil and Gas Authority (OGA) announces a number of measures designed to make data openly available and stimulate interest in the UK Continental Shelf (UKCS).

Rosneft Discovers Hydrocarbons on Eastern Arctic Shelf
Monday, June 19, 2017 Rosneft discoveres hydrocarbon deposits on the Eastern Arctic shelf.

UK Oil & Gas Investments Progresses UK Exploration Well
Friday, June 16, 2017 UK Oil & Gas Investments plc progresses its Broadford Bridge-1 (BB-1) exploration well in the UK.

Faroe Petroleum Hits Oil in Norwegian North Sea
Tuesday, June 13, 2017 Independent oil and gas company Faroe Petroleum hits oil in a 'sand rich reservoir of very good quality' in the Norwegian North Sea.

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