Exploration ///

CGG completes Phase 1 processing for Davros multi-client survey in northern Carnarvon basin

CGG announced today that the final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis and BroadSource multi-client survey in the northern Carnarvon basin on the North West Shelf of Western Australia is available now.

High interest in exploring for oil and gas in Norway: APA 2016

The deadline for applications to the annual licensing round in the best known exploration areas on the Norwegian Continental Shelf (APA 2016) expired on Tuesday, Sept. 6, 2016. Thirty-three companies have shown their interest in receiving oil and gas exploration licenses in these areas.

Integrated datasets hold the key to unravelling petroleum prospectivity

David Spofforth, Jo Firth, CGG

The search for hydrocarbons has spanned vast areas of the globe. Despite many successes, entire basins and plays have been deemed unprospective, perhaps prematurely, based on single well results, or poor-quality seismic data.

BP seeking more investment opportunities in Argentina shale

BP Plc would rather invest in Argentina’s shale oil fields than in Texas’ Permian basin, the U.S. drilling hot spot, CEO Bob Dudley said.

Bengal Energy announces discovery in Australia

Bengal Energy has announced that the first four wells of the Cuisinier 2016 five well drilling campaign have been cased as future oil producers in the Murta horizon.

U.S. crude exports competitive to Asia-Pacific, delivered prices show

A drop in global shipping costs and competitive pricing of crude produced in North America is opening the door for U.S. crude exports to reach Asia-Pacific more economically than rival grades from elsewhere in the Atlantic basin, including the North Sea and West Africa.

Statoil and Petrobras strengthen strategic partnership in Brazil

Statoil and Petrobras took a step forward in strengthening their cooperation in Brazil by signing a Memorandum of Understanding (MoU).

Israel announces first offshore energy exploration licensing round, IHS Markit says

The Israeli Ministry of Infrastructures, Energy and Water Resources (MIEWR), the government agency responsible for overseeing all petroleum-related activities in Israel, plans to host a road show in September 2016 for promotion of the country’s first offshore energy licensing round, IHS Energy said today.

Independent Oil & Gas reports successful Skipper appraisal well

Independent Oil & Gas (IOG) provided an update on the drilling of the appraisal well on the Skipper oil discovery, which lies in Block 9/21a in license P1609 in the North Sea, of which IOG is 100% owner and operator.

Coring tool retrieves 71 sidewall core samples in one run

Aleksandar Milankovic, Ricardo Senne, Pablo E. Coronado, Halliburton

A high recovery rate and world record helped Petrobras achieve objectives, while saving 24 hr of deepwater drillship time, as well as operational costs.

Regional Report: West Africa

Emily Snyder, World Oil

Despite low commodity prices and regional turmoil, West Africa continues to blossom as one of the world’s most prolific oil and gas markets

Offshore in depth

Ron Bitto, Contributing Editor

Do super-majors always win?

What's new in exploration

William (Bill) Head, Contributing Editor

Is regulation the number-one issue with exploration and production?

Sound Energy confirms gas discovery at Tendrara, onshore Morocco

Sound Energy has confirmed a significant gas discovery and a potential single gas column at the company's Tendrara license, onshore Morocco.

U.S. explorer Halcon Resources files for bankruptcy

Halcon Resources Corp., the oil and gas explorer founded by wildcatter Floyd Wilson, filed for bankruptcy as part of a restructuring agreement reached with key lenders in May.

UK opens up frontier acreage in new licensing round

The Oil and Gas Authority (OGA) has launched the 29th Offshore Licensing Round with more than 1,200 blocks on offer to support the OGA’s objective of maximizing economic recovery (MER) from the UK Continental Shelf (UKCS).

Engie said to offer exploration assets from Europe to Africa

French utility company Engie SA is pushing ahead with a plan to sell its exploration unit, offering assets that span Europe to Africa as the company works to reduce its exposure to oil and gas prices, people familiar with the matter said.

API: Arctic rule could inhibit innovation and U.S. energy leadership

API Upstream and Industry Operations Director Erik Milito issued the following statement on the U.S. oil and natural gas industry’s concerns with the Arctic Rules Package, issued by the Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM).

Faroe Petroleum awarded new license in Slyne/Erris basin, offshore Ireland

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities, has been awarded a new licence under Ireland’s 2015 Atlantic Margin Licensing Round.

Otto Energy acquires interest in Bivouac Peak lease, onshore Louisiana

Otto Energy has advised that it has exercised its option under the staged farm-in with Operator, Byron Energy Limited, to acquire a 45% working interest in the Bivouac Peak lease.