Exploration ///

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.

Lebanon passes oil tax law ahead of first energy-rights auction

Lebanon’s parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights to interested companies like Total SA and ExxonMobil Corp.

New hope for Jersey Oil & Gas’ Verbier well as Statoil recommends side-track

Jersey Oil & Gas has given investors some fresh hope that value could be salvaged from the Verbier exploration well, with news that a side-track is being drilled to test another target.

China's Cnooc in search of partner to develop Mexico's deepwater prospects

Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach.

Inpex to acquire interest in exploration license PL767 in western Barents Sea

Inpex has announced that through its subsidiary Inpex Norge AS, it has entered into an agreement to acquire a 40% participating interest in exploration license PL767 located in the western Barents Sea, offshore the Kingdom of Norway from Bayerngas Norge.

Collaboration delivers LWD triple-combo breakthrough for ultra-high-temperature wells

Steven Wacher, Zach Crosby, Tommy L. Binford Jr., Weatherford

As exploration efforts go into deeper, hotter and more remote offshore basins, the need for more advanced downhole drilling and logging tools is palpable. Accordingly, a new LWD toolstring that provides real-time downhole data, while withstanding 410°F temperatures, has been developed and tested in the harsh Gulf of Thailand.

Shaletech: Argentina

Jim Redden, Contributing Editor

Feds, IOCs breathe new life into ‘Dead Cow’

What's New in Exploration

William (Bill) Head, Contributing Editor

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?

Executive Viewpoint

John Bridges, Association of International Petroleum Negotiators

After spending 36 years in the petroleum industry, I’ve learned much about the intricacies of international petroleum negotiations.

Energy Issues

William J. Pike, World Oil

I just finished a remarkably funny, and particularly astute, book that explores the world of marriage in relation to husbands, wives and their employment, among other things.

CNPC, Eni sign E&P cooperation agreement

China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals.

Norway prime minister wins second term as insurgency against oil fizzles

Prime Minister Erna Solberg became Norway’s first Conservative Party leader in over three decades to be re-elected as a movement to stop further oil exploration in western Europe’s biggest petroleum producer fizzled.

Faroe Petroleum reports Goanna exploration well results

Faroe Petroleum announces that drilling has reached the target depth on the exploration well 33/9-22 S (Faroe carried interest 30%) in licence PL 881.

Shell, Petrobras strengthen deepwater partnership in Brazil's pre-salt fields

Royal Dutch Shell and Petrobras signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil.

LLOG Exploration begins execution of Buckskin Project in the deepwater Gulf of Mexico

LLOG Exploration Company, LLC, has announced that the Company and all of its working interest partners have taken several key steps to begin execution of the previously-approved Buckskin Project.

Statoil adds exploration licenses in South Africa

Statoil has acquired participating interests in two additional offshore frontier blocks, including one operatorship.

France plans to end oil output by 2040 with exploration ban

France will stop granting new exploration permits next year as it seeks to end all oil and gas production by 2040, according to a draft bill presented at a cabinet meeting Wednesday.

Oil giants still love North Sea despite asset sales

Europe’s biggest energy companies have a message for the aging UK North Sea oil industry: We may be selling assets, but that doesn’t mean we’re heading for the exit.

Threat to oil gets real as climate crashes Norway election

Politicians and activists who have been fighting to rein in Norway’s mighty oil industry are eyeing a breakthrough.

CNOOC signs PSC with SK Innovation Co. for Pearl River Mouth basin block

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with SK Innovation Co., Ltd. (SK) for Block 17/08 in the South China Sea.