Exploration ///

Mexico oil reform advances with first private well in 80 years

For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters -- the latest step in the country’s drive to allow foreign competitors back into its energy markets.

Jadestone Energy withdraws from Bone PSC, offshore Indonesia

Jadestone Energy Inc. has announced, in line with the Company’s strategy, its withdrawal from the Bone production sharing contract offshore Indonesia, a further key step in releasing the company from non-strategic exploration assets.

Callawonga-14 well is cased and suspended as future oil producer, Cooper Energy says

Cooper Energy has announced that Callawonga-14, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, has been cased and suspended as a future oil producer.

Premier Oil JV spuds Zama-1 exploration well, offshore Mexico

Premier is pleased to announce that the Zama-1 exploration well in Block 7 (Premier equity 25%) in the shallow water Sureste basin, offshore Mexico, was spudded on May 21, 2017.

BOEM publishes final notice for June Cook Inlet lease sale

The Bureau of Ocean Energy Management (BOEM) today announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21.

Halliburton launches drilling operations for Lukoil at Vostochno-Taimyrsky

Halliburton Company has announced that it launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for Lukoil in early April.

Cairn Energy announces positive results of appraisal well offshore Senegal

Cairn has announced the results of another successful appraisal well offshore Senegal. Rig performance continues to be excellent and operations have been safely and successfully completed ahead of schedule and under budget following drilling, logging and drill stem testing (DST).

Frac crew shortage may push oil's biggest bubble to 2018

Shale explorers pushing to expand oil production are struggling to find enough fracing crews after thousands of workers were dismissed during the crude rout.

Africa Oil reports oil discovery at Emekuya-1 in northern Kenya

Africa Oil Corp. has announced that the Emekuya-1 well in Block 13T, Northern Kenya has encountered approximately 75 m of net oil pay in two zones.

Indian explorer bets $1 billion on natural gas, unconventional shale

Great Eastern Energy Corp. will drill 144 new wells over the next four to five years at its Raniganj block in the eastern state of West Bengal, according to CEO Prashant Modi. The company, which began looking at the block in 1993, will invest an additional 50 billion rupees in other unconventional assets, including shale.

FairfieldNodal, Schlumberger team up for 3D survey in Permian

FairfieldNodal and Schlumberger today announced a strategic multiclient joint venture in the southern Delaware basin of West Texas.

Oil-service IPOs blow past explorers as industry charts recovery

An improving oil and gas industry has turned the market for energy initial public offerings upside down.

Lukoil signs cooperation agreement with Kalingrad's government

President of LUKOIL Vagit Alekperov and governor of Kaliningrad Region Anton Alikhanov signed an agreement on cooperation between the company and the regional government for 2017-2022, in Kaliningrad today.

BHP studying shale gas sale as hedge fund Elliott demands review

BHP Billiton Ltd. is considering further sales of its U.S. shale gas assets as it fends off the second round of attack from activist hedge fund Elliott Management Corp. over the future of the energy business within the world’s biggest mining company.

Exxon Mobil announces positive Muruk-1 sidetrack well results

Exxon Mobil Corporation has announced positive results on the Muruk-1 sidetrack well in the Papua New Guinea North Highlands, 13 mi (21 km) northwest of the Hides gas field.

Gazprom Neft acquires licence to develop Novosarmaskoye field, Orenburg Oblast

Gazprom Neft has acquired a subsoil usage licence for Novosarmaskoye field in the Orenburg Oblast. The licence — for the exploration and production of hydrocarbons — was issued by the Federal Subsoil Resources Management Agency, and runs until May 5, 2037.

Santos announces positive results from Muruk-1 exploration well in Papua New Guinea

Santos has announced further positive results from the Muruk-1 exploration well, being drilled in the Papua New Guinea Highlands.

Parkmead doubles stake in key North Sea gas area

Parkmead, the UK and Netherlands focused independent oil and gas group, has announced that it has signed a Sale and Purchase Agreement with Verus Petroleum (SNS) Limited to acquire a 50% interest in UK North Sea Licence P.2209, which contains the Farne Extension prospect and a further four prospective leads.

Total expands exploration activity in Mauritania with new offshore license

Total and Mauritania have signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7,300 km2.

Repsol Norge drills dry well west of Aasta Hansteen field

Repsol Norge AS, operator of production licence 705, has completed the drilling of wildcat well 6705/7-1.