Exploration ///

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.

Exxon said to join forces with Qatar for Mozambique gas assets

Exxon Mobil Corp. and Qatar Petroleum have teamed up to look at energy assets in Mozambique, home to some of the biggest natural gas discoveries in a generation.

NOVATEK obtains new license areas on the Gydan peninsula

OAO NOVATEK announced today that its subsidiary OOO NOVATEK-Yurkharovneftegas obtained the right to explore and appraise licenses for the West-Solpatinskiy, North-Tanamskiy and Nyavuyahskiy license areas located in the Yamal-Nenets autonomous region in the central part of the Gydan peninsula.

Triangle USA Petroleum, oil and gas explorer, files bankruptcy

Triangle USA Petroleum Corp., an oil and gas explorer working one of the largest shale oil reservoirs in North America, filed for bankruptcy with a plan to restructure that will keep its parent company out of Chapter 11.

QEP Resources to acquire additional oil properties in Permian basin

QEP Resources, Inc., announced today that its wholly owned subsidiary, QEP Energy Company, has entered into a definitive agreement with certain individuals and entities to acquire oil and gas properties in the Permian basin from the Initial Sellers and other associated individuals and entities for an aggregate purchase price of approximately $600 million.

Upstream spend slashed by $1 trillion since oil price drop, Wood Mac says

Global upstream development spend from 2015 to 2020 has been cut by 22% or $740 billion since the oil price started to drop two years ago, according Wood Mackenzie's research.

Port Fourchon continues Slip D development, focuses on resilient design

Today the Greater Lafourche Port Commission (GLPC) announced the completion of the bucket dredging phase in Slip D, the latest development in Port Fourchon's Northern Expansion area.

Transitioning from growth to value amid abundant oil

For the top 50 largest U.S. E&P companies, revenues and capital expenditures dropped 41% during 2015—the first year since 2004 that EIA-posted monthly WTI spot prices averaged below $60/bbl for the entire 12 months.