Exploration ///

Cairn Energy secures interest in two licences offshore Mexico

Cairn has announced that it has secured interests in two licences in the Mexico offshore bid round.

Eni wins big in Mexico's auction of shallow-water prospects

Eni SpA was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.

Aker BP drills dry well west of Volund field, North Sea

Aker BP ASA, operator of production licence 150 B, has completed the drilling of wildcat well 24/9-11 S.

Condor Petroleum begins drilling Yakamoz-1 exploration well in Turkey

Condor Petroleum Inc., has announced that drilling has commenced on the Yakamoz-1 exploration well, which is located 2 km north of the Company’s 100% owned and operated Poyraz Ridge gas field in Turkey.

Petro Matad receives approval of exploration period extention in Mongolia

Petro Matad, the Mongolia focussed oil exploration and future development and production company is pleased to advise that the Mongolian regulatory body (MRPAM) has formally approved an extension of the exploration period for the Block IV and V Production Sharing Contracts, for two years each, until July 29, 2019.

Santos, Exxon Mobil report positive results at Muruk 1ST3 well in Papua New Guinea

Santos today announced positive production well test results from the Muruk 1ST3 exploration well in the Papua New Guinea (PNG) Highlands.

Rockhopper Exploration provides operational, corporate update

Rockhopper Exploration, the oil and gas company with key interests in the North Falkland basin and the Greater Mediterranean region, is pleased to provide the following operational and corporate update.

Sound Energy's Badile exploration well encounters significant gas shows in Italy

Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the drilling of the Badile exploration well, onshore Italy.

Oil from OPEC's rivals to exceed demand growth in 2018

New oil supplies from OPEC’s rivals will be more than enough to meet growth in demand next year, the International Energy Agency said in its first forecast for 2018, an indication the cartel may need to extend production cuts further.

Faroe Petroleum reports preliminary results for Brasse appraisal well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the results of the Brasse appraisal well in the Norwegian North Sea (Faroe, 50% and operator, Point Resources, 50%).

University of Michigan endowment to boost investments in energy

The University of Michigan’s endowment is looking for yield by boosting its holdings in two Texas-based energy funds.

Sound Energy provides operational update for Morocco, Italy assets

Sound Energy, the African and European focused upstream gas company, is pleased to confirm the commencement of operations to re-enter and test the Koba-1 well at the Company's Sidi Moktar licence, onshore Morocco, and to provide a further update on the drilling of the Badile exploration well, onshore Italy.

Statoil revises exploration program in Great Australian Bight

Statoil has signed a swap agreement with BP and has been granted regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight.

EMGS reports pre-funding for multi-client acquisition in Norway

Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered into pre-funding agreements related to 3D CSEM data surveys in the Barents Sea and Norwegian Sea using the conventional technology and the new Deep Blue source.

Gazprom Neft acquires subsoil usage licence for Parabelsky block

Gazprom Neft subsidiary Gazpromneft-Vostok has acquired the subsoil usage licence for the Parabelsky block, located in the Tomsk Oblast. The licence, for geological prospecting at the block, was awarded by the Subsoil Usage Department for the Central Siberian Okrug and runs to May 10, 2022.

Bissau Exploration, Petroguin to accelerate development offshore Guinea Bissau with JV

Bissau Exploration Company (BEC) has announced the signing a joint venture participation agreement between themselves and A Empresa Nacional de Pesquisa e Exploracao Petroliferas (Petroguin) for petroleum exploration, development and production in Block 4B, offshore Guinea Bissau.

Northern Petroleum acquires onshore gas assets in Italy

Northern Petroleum has announced the acquisition of onshore production and development gas assets in Italy from Rockhopper Mediterranean Limited, a wholly owned subsidiary of Rockhopper Exploration Plc.

Providence Resources, Sosina Exploration sign farm-in agreement with Total

Providence Resources, the Irish based Oil and Gas Exploration Company, has provided a commercial update on Licensing Option (LO) 16/27, which lies in 1,300-m water depth in the southern Porcupine basin and is located 150 km off the southwest coast of Ireland.

Fugro Venturer to commence offshore survey campaign

With a maiden voyage that takes her to the deep waters of Ireland’s Atlantic margin and the far North of the Barents Sea, Fugro Venturer is the newest of Fugro’s successful purpose-designed, standardized survey vessels, originally formulated in 2013.

Oilex provides update on Cambay field workover program in India

Oilex Ltd. has released the following update on the Cambay field workover program in India, and ongoing activities.