Exploration ///

Rainforest reserve may be opened in Congo oil search

The Democratic Republic of Congo is considering whether to open up swathes of two world-famous national parks to oil exploration.

Fairfield Geotechnologies finalizes Ikon Science JV

Fairfield Geotechnologies and Ikon Science have formally signed a joint venture (JV) agreement to offer complete geoprediction services to the oil and gas industry in North America.

ConocoPhillips reports exploration success in Alaska

ConocoPhillips has provided an update on its operating plan for Alaska, focusing on the company’s long history of creating value in the state and an ongoing commitment to invest in low cost of supply opportunities.

SGS and BHGE launch cooperation on predictive corrosion management

SGS and Baker Hughes, a GE company have announced a strategic alliance agreement (SAA) for the joint deployment and commercialization of BHGE’s real-time software and sensor-based predictive corrosion management (PCM) solution.

Longshot oil riches draw wildcatters to the Utah desert

On hot days in Utah’s Uinta basin, rocks weep oil. Rivulets of black tar hint at the untapped riches within. Taken in hand, the stone crumbles, as warm and waxy as fresh asphalt.

Interior announces region-wide oil and gas lease sale for Gulf of Mexico

In support of President Donald J. Trump's America-First Offshore Energy Strategy, Deputy Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer approximately 78 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

Savannah announces third oil discovery in Niger

Savannah Petroleum announce its third consecutive discovery in the R3/R4 PSC Area, southeast Niger.

OGA launches 31st UKCS Offshore Licensing Round

The Oil and Gas Authority (OGA) has launched the 31st Offshore Licensing Round, offering blocks in frontier areas of the UK Continental Shelf (UKCS), supported by government-funded data to stimulate interest in these under-explored basins and assist companies in their activities.

Echo Energy reports notable gas column at fourth well of Argentina drilling campaign

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the successful completion of drilling of the CSo-2001(d) well in which a notable gas column has been interpreted from the wireline logging suite.

Petro Matad spuds Snow Leopard-1 well in Mongolia

Petro Matad, the AIM quoted Mongolian oil explorer, has advised that the Snow Leopard-1 well (Petro Matad 100%) in the Taats basin of Block V spudded on July 9, 2018.

Eni announces second oil discovery in Egypt's Faghur basin

Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 130 km North of the oasis of Siwa.

Oil exploration expands in U.S. with crude reaching $75

Oil explorers deployed more rigs in the U.S. this week as crude prices breached $75/bbl for the first time since 2014.

Ecopetrol announces new oil finding at Cundinamarca, Colombia

Ecopetrol reports that Búfalo-1 well confirmed the presence of oil in the Valle Medio del Magdalena, located near the town of Guaduas, Department of Cundinamarca.

Gazprom and PetroVietnam hold talks on joint ventures, future growth

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tran Sy Thanh, chairman of the board of directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow.

Aker BP boosts digitalization agenda with Resoptima

Aker BP has entered a three-year cooperation agreement with Resoptima for the incorporation of Resoptima’s software solutions into Aker BP’s digitalization effort within reservoir management.

ADNOC’s Al Yasat awards EPC contract of Bu Haseer field to NPCC

Al Yasat Company for Petroleum Operations, a subsidiary of the Abu Dhabi National Oil Company has awarded the Engineering, Procurement and Construction contract, for the full development of the offshore Bu Haseer field, to Abu Dhabi’s National Petroleum Construction Company.

Eco granted extension on Tamar Block, offshore Namibia

Eco (Atlantic) Oil & Gas Ltd. has announced that it has been granted a one-year extension to March 20, 2019, for the First Renewal Period of the PEL50 license, covering its offshore Tamar Block.

South Africa halts oil exploration permits to revamp licensing

South Africa’s Department of Mineral Resources has issued a moratorium on new applications for petroleum exploration and development in order to change its licensing process.

Oranto Petroleum farms into Zambian oil blocks

Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country.

State Department asks Asia to open energy trade in midst of tariff fight

A U.S. State Department official called on Asia’s energy sector to open its doors to outside competition, even as tensions between Washington and Beijing escalate.