Exploration ///

Total reports major deepwater discovery in the Gulf of Mexico

Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM).

BP exploration discoveries mark positive start for North Sea in 2018

Oil & Gas UK says two new exploration discoveries in the North Sea by a super-major mark a more positive start to the year for the UK’s offshore industry.

United Oil & Gas announces option agreement to farm into UK's Acle prospect

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce a no cost option agreement to farm into offshore Block 49/29c UK Licence P2264, which contains the Acle prospect (option agreement), jointly owned by Swift Exploration Limited (50%) and Stelinmatvic Industries Ltd. (50%).

Major projects get off the ground as prices surge

The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve.

Iceland's oil dream in peril as China, Norway give up last block

Iceland’s hope of finding oil offshore its coast is fading after China and Norway decided to back out of the island nation’s only remaining exploration license.

SDX Energy strikes more gas in Morocco's Hoot formation

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its ONZ-7 development well on the Sebou permit in Morocco.

Top Indian oil explorer may raise $5.48 billion to buy HPCL

India’s biggest oil and gas explorer has widened its first debt-raising plan to as much as $5.48 billion to buy state-run refiner Hindustan Petroleum Corp.

ExxonMobil acquires exploration, production rights for Ghana's Cape Three Points

ExxonMobil today announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block.

Prospex Oil and Gas reports significant commercial gas discovery onshore Italy

Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that it has been advised by the operator Po Valley Energy Limited (PVE) that strong flowrates from testing operations have confirmed a significant commercial gas discovery at the Podere Maiar-1d appraisal/redevelopment well.

CGG, SNH promote Cameroon's 2018 Licensing Round

CGG has announced that it has an agreement with Société Nationale des Hydrocarbures (SNH), the National Oil and Gas Company of Cameroon, to promote enhanced multi-client E&P data packages and interpretative products, in support of Cameroon’s 2018 Onshore & Offshore Licensing Round opened and conducted by SNH for eight free blocks on offer, located in sedimentary basins offshore and onshore Cameroon.

Lundin awarded 14 licenses in Norwegian licensing round

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded a total of 14 exploration license interests in the 2017 Norwegian licensing round (Awards in Predefined Areas, APA).

Faroe Petroleum awarded eight exploration licences in Norway

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded eight new prospective exploration licences, including four operatorships, in the Norwegian North Sea under the 2017 Norwegian APA (Awards in Pre-defined Areas) Licence Round.

Statoil awarded new production licences on NCS

In connection with the Award in Predefined Areas (APA) for 2017 Statoil has been offered interests in 31 exploration licences on the Norwegian continental shelf (NCS), 17 of these as operator, and 14 as a partner.

What's ahead for western Europe's biggest oil nation

After suffering through the worst crisis in a generation, Norway’s oil industry is now back on its feet.

World of Oil & Gas

Emily Querubin, World Oil

Alongside its partners, Petoro (30%) and Spirit Energy (20%), Wintershall (50%) announced the start of production at Maria field.

What's New in Exploration

William (Bill) Head, Contributing Editor

2018: The best [or worst] year ever?

ExxonMobil encounters hydrocarbons onshore Papua New Guinea

ExxonMobil today announced that it encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea.

Polarcus awarded 3D marine seismic project in South America

Polarcus Limited has announced that the company has received a letter of award for the acquisition of a 3D marine seismic project in South America.

Petro Matad provides update on Mongolian 3D seismic program

MONGOLOIA -- Petro Matad, the AIM-quoted Mongolian oil explorer is pleased to provide an update on its 3D seismic acquisition program.

Beach Energy discovers new gas field in Australia's Otway basin

Beach Energy Ltd. has announced a new gas field discovery at Haselgrove-3 ST1 in the onshore Otway basin, in South Australia. Flow test results from the primary target Sawpit Sandstone indicate a high deliverability reservoir and provide encouragement to move towards commercialization of a large gas resource.