WorldOil Wood Mackenzie study weighs cost of carbon on upstream sector Wood Mackenzie has released Positioning for the Future, the first comprehensive study ever carried out into carbon emissions in the upstream oil and gas sector. Northwest Energy encounters hydrocarbons in Xanadu prospect Northwest Energy has confirmed that Xanadu-1 has intersected hydrocarbon bearing reservoirs demonstrated by elevated gas readings, oil shows, fluorescence and cut-fluorescence whilst drilling reservoir sections. Gazprom Neft begins full-scale hydrocarbon prospecting of pre-Jurassic deposits Gazprom Neft has begun geological investigations in Paleozoic hydrocarbon deposits in the Tomsk Oblast. Thus far, the complex structure of the pre-Jurassic complex has not been deemed an independent geological prospect, investigations into which demand the modification of traditional prospecting methodologies. OMV Norge delineates Wisting discovery in the Barents Sea OMV (Norge) AS, operator of production licence 537, has completed the drilling of appraisal well 7324/8-3 on oil discovery 7324/8-1 (Wisting) in the Barents Sea. Echo Energy awarded 3D seismic reprocessing contract onshore Bolivia Echo Energy, the South and Central American focused upstream gas company, is pleased to announce the award of a seismic reprocessing contract for the 3D seismic data over the Huayco and Rio Salado blocks, onshore Bolivia. Xodus Group awarded two ESIA contracts offshore Senegal Xodus Group has been awarded two Environmental and Social Impact Assessment (ESIA) contracts for projects in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) blocks in Senegal, West Africa. Shaletech: Argentina Feds, IOCs breathe new life into ‘Dead Cow’ What's New in Exploration Seismic, the foundation tool of oil and gas exploration, has some reflecting to do about its future, not will it work, or can exploration seismic become “better,” but is it becoming necessary at all? NuVista Energy provides operational update, Pipestone well test results NuVista Energy Ltd. has provided a significant operational update, including the startup at Bilbo block--its largest pad drilled to date; powerful IP30 success from Elmworth block high intensity fractured wells (HiFi); the successful and on-time conclusion of the Keyera Simonette gas plant planned turnaround; and the achievement of a compelling well test in our emerging Pipestone block. Schlumberger announces DELFI cognitive EandP environment Schlumberger unveiled the new DELFI cognitive EandP environment at the SIS Global Forum. This environment enables collaboration across EandP teams and leverages the full potential of all available data and science to optimize assets.