Exploration ///

SDX Energy reports gas discovery on Sebou permit, in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that a gas discovery has been made at its KSR-16 development well on the Sebou permit in Morocco (SDX, 75% Working Interest).

Arctic refuge drilling to get speedy permit review, U.S. says

The Trump administration has a plan in place to speed up permit reviews for drilling in Alaska’s Arctic National Wildlife Refuge if Congress approves exploration there, an advisor to the U.S. Interior Department said Thursday.

Chevron announces $18.3-billion capital, exploratory budget for 2018

Chevron Corporation has announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies.

United Oil & Gas reports positive log results at Selva gas field, onshore Italy

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, has announced positive log results from the drilling of the Podere Maiar 1 (PM1) well in Selva gas field in the Podere Gallina licence, onshore Italy.

African Petroleum announces licence extensions in Sierra Leone

African Petroleum, an independent oil and gas exploration company with licence interests in four countries offshore West Africa, has announced that its wholly owned subsidiaries, European Hydrocarbon Limited and African Petroleum Sierra Leone Limited, have signed agreements with the Petroleum Directorate Sierra Leone to enter into the Second Extension Periods of the SL-03 and SL-4A-10 licences, respectively.

NPD: Solid applicants want to explore in the 24th round

Eleven companies have applied for production licenses in the 24th licensing round on the Norwegian shelf.

ExxonMobil acquires exploration acreage in three Mauritania offshore blocks

ExxonMobil has announced that its wholly owned affiliate, ExxonMobil E&P Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks.

Lundin Petroleum spuds exploration well on Hurri prospect in the Barents Sea

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has commenced drilling of exploration well 7219/12-3 on the Hurri prospect in PL533 in the southern Barents Sea.

Eni's former Indian oil explorer targets 12-fold sales jump

Hindustan Oil Exploration Co. is rising from the ashes about a year after Italy’s Eni SpA sold its controlling stake.

Chevron's $1-million-an-hour dividend may go into overdrive

Chevron Corp. may accelerate dividend growth over the next two years thanks to megaprojects that are already in the budget, according to one of the top-rated analysts following the oil explorer.

Statoil awarded exploration license onshore Argentina

As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquén basin.

Sound Energy reports exploration volume estimates for Sidi Moktar

Sound Energy, the African and European focused upstream gas company, has provided the Company's first volumes estimate of the exploration potential of the Sidi Moktar exploration permits in Central Morocco.

LMKR releases updated E&P interpretation software with 3D geomodeling

LMKR today announced release of the newest update to its E&P interpretation software; GeoGraphix 2017.1 and GVERSE Geomodeling; a new integrated 3D geomodeling platform.

Faroe Petroleum announces commencment of Iris/Hades exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, has announced the commencement of the Iris/Hades (Aerosmith) exploration well, 6506/11-10 (Faroe 20%) in licence PL644/PL644 B.

Statoil to focus exploration on home turf in 2018 to curb risk

Norway’s Statoil ASA will focus exploration on its home turf next year as it seeks more oil and gas to run through existing platforms rather than gigantic deposits in frontier areas.

United Oil & Gas farms in to Tullow acreage in Jamaica

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce an agreement to farm-in to the Tullow Jamaica Ltd-operated Walton-Morant licence, offshore Jamaica.

Industry's growing optimism reflected in 30th offshore licensing round

The Oil and Gas Authority has received 96 applications for 239 blocks in the 30th offshore oil and gas exploration license round.

Lundin announces non-commercial gas discovery on Hufsa prospect

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. A non-commercial gas discovery was made in the main well while the sidetrack was dry.

Europa Oil & Gas provides update on Holmwood well, Weald basin

Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and UK focused oil and gas exploration, development and production company, has provided a planning update regarding the Holmwood oil exploration prospect on licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey.

Africa Energy to acquire additional interest in South Africa

Africa Energy Corp. announces the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa.