Exploration News


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Aker BP Makes North Sea Find
Monday, February 19, 2018 Aker BP makes a discovery in Frosk exploration well 24/9-12, which is located near Alvheim in the North Sea.

Chevron Restarts Drilling In Kurdistan Region Of Iraq
Monday, February 19, 2018 Chevron resumes drilling operations in the Kurdistan region of Iraq (KRI).

US Sets Largest Offshore Oil, Gas Lease Auction For March
Friday, February 16, 2018 The Trump administration says it will offer the largest oil and gas offshore auction in US history on March 21.

Egypt Says Signs Seismic Survey Deal With Schlumberger
Wednesday, February 14, 2018 Egypt has signed a deal with Schlumberger to conduct a seismic survey in the Gulf of Suez.

TAG Oil Encounters Potential Oil Pay in New Zealand Well
Tuesday, February 13, 2018 The Pukatea-1 exploration well encounters a potential oil pay.

Lebanon To Begin Offshore Energy Search In Block Disputed By Israel
Friday, February 09, 2018 Lebanon signs its first offshore oil and gas exploration and production agreements for two blocks, including a block disputed by neighbouring Israel.

New Eni Discovery 'Confirms' Extension of Zohr Like Play in Cyprus EEZ
Thursday, February 08, 2018 Eni has made a 'promising' gas discovery offshore Cyprus, which it says confirms the extension of a 'Zohr like' play in the country's exclusive economic zone.

Promised Land for Gas Drillers Turns Into Glutted Beach
Tuesday, February 06, 2018 Natural gas producers who last week were basking in the strongest price environment in almost a quarter century are getting crushed.




Chevron Mulling Participation in Brazil's March Oil Auction
Tuesday, February 06, 2018 Chevron Corp is considering taking part in an oil auction in Brazil as part of a consortium of companies.

Total To Sell 25% Stake In S. African Block To Qatar Petroleum
Monday, February 05, 2018 Qatar Petroleum signs an agreement with Total to acquire a 25% stake.

Little Transparency on UKCS Discoveries 'Blocker to Investment'
Thursday, February 01, 2018 The lack of transparency on new discoveries within the UK Continental Shelf is a blocker to investment, according to Woodmac.

Zion Management 'Optimistically Enthusiastic' About Onshore Israel Well
Thursday, February 01, 2018 Zion Oil & Gas Inc's management is 'optimistically enthusiastic' about what it has seen and still hopes to see in the Megiddo-Jezreel #1 well.

'Major' Deep Offshore Oil Discovery Made in US Gulf of Mexico
Wednesday, January 31, 2018 A 'major' oil discovery has been made at the Ballymore prospect, located deep offshore in the US Gulf of Mexico.

BP Announces New North Sea Discoveries
Wednesday, January 31, 2018 BP makes new discoveries in the North Sea at Capercaillie, in Block 29/4e, and Achmelvich, in Block 206/9b.

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.

Israeli Minister Says Lebanese Claim On Gas Field 'Provocative'
Wednesday, January 31, 2018 Israel described as 'very provocative' a Lebanese offshore oil and gas exploration tender on the countries' maritime border, and urged international firms not to bid.

CEO: Petrobras Making 'Interesting Discoveries' In Campos Basin
Wednesday, January 31, 2018 Brazil's state-controlled oil company Petroleo Brasileiro SA is making 'interesting discoveries' in blocks in the Campos basin.

Shell Sweeps Nine Of 19 Blocks Awarded In Mexico Oil Auction
Wednesday, January 31, 2018 Shell snapped up nine of 19 blocks in Mexico's prized Gulf of Mexico deep waters, emerging the clear winner in the country's biggest auction.

Mexico's Oil Reform A Boon For Hard-Hit Oil Service, Seismic Firms
Tuesday, January 30, 2018 Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms.

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.

Pukatea-1 Well Onshore New Zealand Spuds
Wednesday, January 24, 2018 Melbana Energy Limited reveals that the Pukatea-1 exploration well onshore New Zealand has spudded.

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.

BP, Kosmos Win Rights To Two Oil Blocks In Sao Tome And Principe
Tuesday, January 23, 2018 A consortium of BP and Kosmos Energy has won exploration rights to 2 offshore oil blocks in Sao Tome and Principe's exclusive economic zone.

SDX Energy Makes Gas Discovery at Moroccan Well
Tuesday, January 23, 2018 SDX Energy makes a gas discovery at its ONZ-7 development well, located on the Sebou permit in Morocco.

Total To Buy Shares In Kenyan Oil Blocks From A.P. Moeller-Maersk
Tuesday, January 23, 2018 Total SA is to buy shares in 3 Kenyan oil blocks from A.P. Moeller-Maersk.

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.

Mexico's Energy Opening Faces Test In Deepwater Oil Auction
Friday, January 19, 2018 An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto's government to capitalize on its opening of the energy sector.

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.

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.

Greece Gets Interest For New Offshore Oil And Gas Tenders: Licensing Body
Wednesday, January 17, 2018 Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted 'strong interest'.

India to Auction 55 Oil and Gas Exploration Blocks
Wednesday, January 17, 2018 The world's third biggest oil importer last year eased rules and allowed companies to carve out areas where they want to drill.

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.

Iraq Says 26 Companies Allowed To Bid For Oil, Gas Blocks In Border Areas
Friday, January 12, 2018 The Iraqi oil ministry says 26 companies have qualified to bid for oil and gas blocks in border areas.

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.

Beach Energy Discovers New Gas Field Onshore South Australia
Thursday, January 11, 2018 Beach Energy Ltd makes a new gas field discovery at Haselgrove-3 ST1, which is located in the onshore Otway Basin in South Australia.

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.


Sidetrack Well in Canada's Rainbow Area Exceeds Expectations
Friday, January 05, 2018 The results of Cabot Energy plc's 10-32 sidetrack well in Canada have 'exceeded expectations'.

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.

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.

New 3D Seismic to be Acquired at Otakikpo Marginal Field
Thursday, January 04, 2018 Lekoil reveals that 197 square kilometers of 3D seismic data will be acquired at the Otakikpo Marginal Field in OML 11.

Indonesia's Upstream Sector in 'Dire' Need of Additional Investment
Wednesday, January 03, 2018 Indonesia's 'embattled' exploration and production sector is in 'dire' need of additional investment, according to BMI Research.

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.

Mining Official: Indonesian Oil, Gas Blocks Attract Bids In 2017
Friday, December 29, 2017 Indonesia received bids from several foreign companies for exploration in five oil and gas blocks in 2017, the deputy energy minister said.

BSEE: Italy's Eni Begins Drilling Oil Well In Alaska's Beaufort Sea
Wednesday, December 27, 2017 Eni this week began drilling a new well in US waters off the north coast of Alaska, becoming the first company to do so since 2015, federal regulators say.

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.

Eni 'Mission Impossible' Points to Seismic Shift for Big Oil
Friday, December 22, 2017 The quick turnaround from discovery to production hasn't gone unnoticed in the industry. It represents a seismic shift for Big Oil.

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