Exploration ///

Dana Gas to use AGR software for deepwater exploration in Egypt

Global energy services and technology company, AGR, has signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of its P1 software.

Turkish Prime Minister warns Cyprus of "untimely and dangerous" energy moves

Turkish Prime Minister Binali Yildirim on Thursday warned Cyprus its moves to explore for energy around the eastern Mediterranean were "untimely and dangerous," adding that Ankara would continue to protect the rights and interests of Turkish Cypriots.

Brazil mulls easing local content rules in older oil contracts

Brazil's oil regulator is proposing a plan to allow companies to apply more flexible local content rules to pre-existing contracts, the agency chief said on Tuesday, in a bid to attract fresh investment by foreign oil majors into Latin America's top economy.

Mexico delays next oil auction, letting huge new find sink in

Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets.

Statoil reports small gas find southeast of Snøhvit field in the Barents Sea

Statoil Petroleum AS, operator of production licence 849, has concluded the drilling of wildcat well 7121/8-1. The well was drilled about 25 km southeast of the Snøhvit field in the Barents Sea. The well proved gas.

Centrica merges oil business with Bayerngas to tap younger fields

Centrica has agreed with Bayerngas Norge to merge the companies' North Sea assets, creating the region's largest non-major oil and gas producer and allowing Centrica access to younger fields and to lower its decommissioning liabilities.

Xodus wins subsurface contract with Cairn Oil and Gas in India

Xodus Group has won a contract with Cairn Oil and Gas of Vedanta Ltd. to conduct exploration and appraisal work on its Rajasthan block in northwest India over the next two years.

Exxon Mobil acquires interest in acreage offshore Suriname

Exxon Mobil Corporation has announced that its subsidiary Exxon Mobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname.

BOEM approves Eni Beaufort Sea exploration plan

After a comprehensive review and consideration of comments received from the public, stakeholders, and Federal and state partner agencies and tribes, the Bureau of Ocean Energy Management today conditionally approved a Beaufort Sea exploration plan (EP) it received from Eni U.S. Operating Co. Inc.

Premier Oil says North Sea exploration no longer attractive

Premier Oil, which produces more than half its oil in the British North Sea, said on Thursday that exploring for resources in the basin was no longer attractive, a day after it announced a major discovery off Mexico.

Barryoe Partners granted two-year extension for exploration contract offshore Ireland

The Barryroe Partners have been granted a two-year extension to the term of the First Phase of SEL 1/11 to July 2019 and overall term to July 2021 by the Minister for Communications, Climate Action & Environment subject to the Barryroe Partners carrying out a work program that includes the evaluation of newly reprocessed 3D seismic data together with an assessment of the Jurassic and Triassic exploration potential of the lisence area.

Aker BP receives consent for exploration drilling in the North Sea

The Petroleum Safety Authority of Norway has given Aker BP consent to drill exploration wells 25/4-11 and 25/4-12, in a prospect named Hyrokkin, which is north of Alvheim in the North Sea.

Lundin Petroleum encounters hydrocarbons in Barents Sea's Alta appraisal well

Lundin Petroleum AB has announced that its wholly-owned subsidiary Lundin Norway AS has successfully completed the drilling and production testing of Alta appraisal well 7220/11-4 (Alta-4) located in PL609 in the southern Barents Sea.

Statoil secures Seadrill rig for exploration drilling in Brazil

Statoil Brasil Oleo e Gas Ltda has awarded Seadrill two service contracts for exploration drilling in the BM-S-8 license in Brazil's Santos basin.

Ophir Energy to cut 15% of global workforce amid oil glut

Ophir Energy Plc will cut about 15% of its global workforce, the UK oil and gas explorer said on Wednesday, as low oil prices force producers to trim costs.

Providence Resources begins drilling operations in Ireland's southern Porcupine basin

Providence Resources, the Irish based exploration company, has provided an operational update regarding Frontier Exploration Licence (FEL) 2/14 located in the southern Porcupine basin. FEL 2/14 is operated by Providence Resources plc (56%) on behalf of its partners Capricorn Ireland Limited (a wholly-owned subsidiary of Cairn Energy PLC, 30%) and Sosina Exploration Limited (14%), collectively referred to as the “JV partners”.

Cairn Energy announces results of FAN South-1 well, offshore Senegal

Cairn Energy has announced the results of the FAN South-1 well in the South Fan prospect offshore Senegal.

Industry professionals seek guidance in a tough market from OE 2017

Emily Querubin, World Oil

SPE’s biennial Offshore Europe (OE) E&P conference and exhibition will be held at the Aberdeen Exhibition & Conference Center in Aberdeen, Scotland, UK, during Sept. 5–8. The conference, which is recognized as a top E&P event in Europe, is organized to connect professionals with the global industry, and allow them to acquire new technical know-how, as well as to stay in touch with the latest business trends.

A hydrocarbon hotbed, West Africa entices explorers with auspicious prospects

Emily Querubin, World Oil

While much of West Africa suffers from economic hardship, political turmoil and corruption, other regions are thriving. Despite the risk to E&P activity in these precarious areas of operation, producers cannot ignore its abundant resources and its affluent potential to be an international hydrocarbon hotbed.

Jeff Miller shares his vision for Halliburton’s future

In an exclusive interview at the company’s headquarters in north Houston, Halliburton President Jeff Miller, newly named as CEO, visited with Gulf Publishing Vice President Ron Higgins and Editor-in-Chief Kurt Abraham, to outline his thoughts and priorities for the firm’s next few years.