Exploration ///

Still plenty of discoveries to be made on the Norwegian shelf, NPD says

The Norwegian Petroleum Directorate (NPD) has published the 2018 Resource Report for Exploration. The report shows that production of oil and gas will increase going forward – but that new and larger discoveries have to be made in order to maintain the same level after the mid-2020s.

Oil explorers get best results in Norway since 2010 bonanza

Oil companies in Norway have more to rejoice about than just higher crude prices: they’re now boasting the best exploration results in almost a decade.

Echo Energy reports significant oil discovery in Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced that a significant light oil column has been interpreted in its third well, onshore Argentina.

Exxon, Hess report eighth oil discovery offshore Guyana

ExxonMobil announced that it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block.

Mozambique says Exxon, Eni exploration contracts nearly ready

Mozambique’s oil and gas regulator said exploration contracts for the nation’s fifth licensing round in 2015, which awarded blocks to companies including ExxonMobil Corp. and Eni SpA, are close to being finalized.

Wintershall awarded new acreage in Norway's 24th licensing round

Wintershall Norge AS has announced that the company has been awarded new acreage in the 24th licensing round on the Norwegian Continental Shelf (NCS).

Rockhopper Exploration provides update on operations in Egypt

Rockhopper Exploration, the oil and gas company with key interests in the North Falklands basin and the Greater Mediterranean region, has provided the following operational and corporate update in relation to its Egyptian portfolio.

Equinor offered seven licenses in Norway's 24th licensing round

The Ministry of Petroleum and Energy has offered Equinor seven licenses in the 24th licensing round – five operatorships and two partner positions.

Sercel extends capability of 508XT seismic acquisition system to transition zones

Sercel announced today the launch of a transition zone version of its state-of-the-art 508XT seismic acquisition system.

BHGE’s Unify makes the case for digital technology in O&G, saying "we can do better"

“Technology is no longer the bottleneck, it’s the enabler,” said Matthias Heilmann, president and CEO of digital solutions at BHGE, at the company’s second Unify conference, held this week in Houston.

BHGE’s Unify makes the case for digital technology in O&G, saying "we can do better"

“Technology is no longer the bottleneck, it’s the enabler,” said Matthias Heilmann, president and CEO of digital solutions at BHGE, at the company’s second Unify conference, held this week in Houston.

Republic of Congo announces promotion of License Round Phase 2

The Ministry of Hydrocarbons of the Republic of Congo has announced the promotion of the Congo-Brazzaville License Round Phase 2 2018/19 at Africa Oil Week, Nov. 5-9, 2018.

New products and services

Michele Cowart, World Oil

Trelleborg Sealing Solutions has launched a new metal end cap seal, specifically engineered for HPHT wellhead, tubing and casing hanger sealing environments.

Oil explorers hungry for "super-spec" rigs expand U.S. drilling

Oil drillers added more rigs in the U.S. this week, undaunted by pipeline bottlenecks that are hindering efforts to ship crude from the nation’s busiest field.

Equinor reports discovery at Utsira High, northwest of Johan Sverdrup

Equinor and partners Lundin and Spirit Energy have struck oil in the PL 167 license at the Utsira High in the North Sea. The discovery is currently estimated to contain 15-35 MMbbl of recoverable oil equivalent.

Oil rigs operating off Africa rebound to highest in two years

Oil exploration in Africa is showing signs of recovery after the number of rigs off the continent rose to the highest in almost two years, with more scheduled in coming months.

Echo Energy completes drilling of ELA-1 exploration well in Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, announces the succesful completion of drilling of the ELA-1 exploration well at the Company's Laguna Los Capones Asset (surrounded by the Fracción C licence area), onshore Argentina.

New Zealand's suspension of offshore licensing unlikely to have immediate effect, says GlobalData

In April 2018, the New Zealand government announced that it would no longer grant new offshore oil and gas exploration permits. According to leading data and analytics company GlobalData, the suspension of new offshore licensing is unlikely to have an immediate impact on the oil or gas sector, but does signal the possibility of increased restrictions in the future.

Azinam secures deepwater drillship for Prospect S, offshore Namibia

Azinam Limited, the Seacrest Capital Group backed explorer focused on offshore Namibia, has announced that the Ocean Rig Poseidon sixth generation deepwater drillship has been contracted by the license partnership to drill one firm and one optional well, with the first well targeting Prospect S, located in Petroleum Exploration Licence (PEL) 71, offshore Namibia.

Exxon says world needs more oil even as emission concern lingers

ExxonMobil’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand.