Exploration ///

Lundin Petroleum spuds exploration well on Hurri prospect in the Barents Sea

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has commenced drilling of exploration well 7219/12-3 on the Hurri prospect in PL533 in the southern Barents Sea.

Eni's former Indian oil explorer targets 12-fold sales jump

Hindustan Oil Exploration Co. is rising from the ashes about a year after Italy’s Eni SpA sold its controlling stake.

Chevron's $1-million-an-hour dividend may go into overdrive

Chevron Corp. may accelerate dividend growth over the next two years thanks to megaprojects that are already in the budget, according to one of the top-rated analysts following the oil explorer.

Statoil awarded exploration license onshore Argentina

As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquén basin.

Sound Energy reports exploration volume estimates for Sidi Moktar

Sound Energy, the African and European focused upstream gas company, has provided the Company's first volumes estimate of the exploration potential of the Sidi Moktar exploration permits in Central Morocco.

LMKR releases updated E&P interpretation software with 3D geomodeling

LMKR today announced release of the newest update to its E&P interpretation software; GeoGraphix 2017.1 and GVERSE Geomodeling; a new integrated 3D geomodeling platform.

Faroe Petroleum announces commencment of Iris/Hades exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, has announced the commencement of the Iris/Hades (Aerosmith) exploration well, 6506/11-10 (Faroe 20%) in licence PL644/PL644 B.

Statoil to focus exploration on home turf in 2018 to curb risk

Norway’s Statoil ASA will focus exploration on its home turf next year as it seeks more oil and gas to run through existing platforms rather than gigantic deposits in frontier areas.

United Oil & Gas farms in to Tullow acreage in Jamaica

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce an agreement to farm-in to the Tullow Jamaica Ltd-operated Walton-Morant licence, offshore Jamaica.

Industry's growing optimism reflected in 30th offshore licensing round

The Oil and Gas Authority has received 96 applications for 239 blocks in the 30th offshore oil and gas exploration license round.

Lundin announces non-commercial gas discovery on Hufsa prospect

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. A non-commercial gas discovery was made in the main well while the sidetrack was dry.

Europa Oil & Gas provides update on Holmwood well, Weald basin

Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and UK focused oil and gas exploration, development and production company, has provided a planning update regarding the Holmwood oil exploration prospect on licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey.

Africa Energy to acquire additional interest in South Africa

Africa Energy Corp. announces the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa.

Drilling permit for Norwegian wildcat well granted to OMV Norge

The Norwegian Petroleum Directorate (NPD) has granted OMV (Norge) AS a drilling permit for well 6506/11-10, cf. Section 8 of the Resource Management Regulations.

Statoil plans to step up exploration after driving down costs

Statoil ASA plans to step up drilling in Norway for a second consecutive year, in the first indication it has given of its exploration plans for 2018.

Arctic refuge drilling moves closer to reality with Senate vote

Oil drilling in the Arctic National Wildlife Refuge took a significant step forward Wednesday, as the Senate energy committee approved legislation to compel lease sales in the 1.5-million-acre coastal plain along Alaska’s northeast coast -- tying it to tax reform.

Eni signs E&P sharing agreement for Block 52, offshore Oman

The Government of the Sultanate of Oman, Oman Oil Company Exploration and Production (OOCEP), a subsidiary of state company Oman Oil Company SAOC (OOC), and Eni today entered into an Exploration and Production Sharing Agreement (EPSA) for Block 52, located offshore Oman.

Africa Oil, Eco announce strategic partnership for exploration in West Africa, Guyana

Africa Oil Corp. has announced that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in West Africa and Guyana.

Regional Report: India

Emily Querubin, World Oil

India’s growing population, urbanization countering efforts to reduce dependency on imports

As oil prices rise, global majors eye Mexico's deep waters

As the price of oil rises, an international rush is on for Mexico’s untapped deepwater riches.