Bankers Petroleum has announced a successful bid, in the third Hungarian bid round, for the Püspökladány Block (Block "P"), within the Pannonian basin, in north eastern Hungary.
Mere months since their market entry into the Asia-Pacific, Katalyst Data Management, through its Australian subsidiary KDM SpectrumData, has taken on a major oil and gas seismic data management project for the Geological Survey of Queensland and the Department of Natural Resources and Mines in Australia.
The PSA has now granted Statoil consent for exploration drilling.
NuTech Energy Resources, Inc., a natural gas and oil exploration and development company, is pleased to announce that the Company has entered into an agreement to acquire wells from Emerald Operating Company and Rocky Mountain Exploration, Inc.
Ophir Energy plc has completed operations on the G4/50-11 wildcat exploration in the South Western Graben of the Gulf of Thailand.
Shell completed the drilling and appraisal of Kaikias ahead of schedule and under budget, allowing the company to achieve more than 20% in cost savings.
The leases in the Chukchi Sea are no longer considered competitive within Statoil’s global portfolio, so the decision has been made to exit the leases and close the office in Anchorage, Alaska.
Conditions in the Barents Sea are more favorable for offshore activities than in other Arctic areas.
Prices, sanctions and environmental politics chill the air
The biggest oil explorers to post earnings so far are bracing for another year of deep spending cuts as the slump in energy markets shows no signs of abating.
The U.S. Energy Department is offering another $1 billion to companies developing innovative energy systems, Secretary Ernest Moniz will announce Wednesday.
A highlight of the Society of Exploration Geophysicists (SEG) 85th international exposition and annual meeting underway here was the opening session on Monday morning with a welcome by Julius Doruelo, annual general meeting chair; presidential address from Christopher Liner and a panel session moderated by Michael Bahorich, a director of Global Geophysical.
The Society of Exploration Geophysicists (SEG) inaugurated its 85th annual convention with an icebreaker on the exhibit floor with an enthusiastic turnout by delegates from throughout the world, despite an industry slowdown that has had a significant impact on the exploration sector.
Norway, western Europe’s biggest oil and gas producer, warned companies that failing to extract less profitable barrels could weaken their chances of getting exploration blocks in a new area of the Arctic Barents Sea.
Brazil’s first auction of oil and natural gas exploration rights in two years got off to a weak start with three of the first four basins offered receiving no bids.
The worst commodity slump in a generation has a silver lining for India’s state-run energy explorer.
Oil climbed from a two-week low amid expectations a government report will show a slowdown in drilling has trimmed U.S. crude supplies -- a sign that the oil glut might finally be shrinking.
Puntland, a semi-autonomous region of northeastern Somalia, will conduct a survey of its offshore region to search for oil as the country prepares a licensing round for exploration, the head of the Puntland Petroleum and Minerals Agency said.
Land seismic innovations, such as the affordable acquisition of wide-azimuth, long-offset data, coupled with offset and azimuthally friendly processing, provide rich insights into the Bakken formation.
Statoil Petroleum AS, operator of production licence 104, has concluded the drilling of wildcat well 30/9-27 S.