Exploration ///

Interoil issues drilling update on Vikingo-1 exploration well in Colombia

Interoil Colombia E&P and SLS (strategic partner) finished the drilling of the exploratory well Vikingo-1 on May 9th, down to a final depth of 5,936 ft in the Paleozoic basement.

UKOG commences drilling of BB-1 well in Weald basin, UK

UK Oil & Gas Investments PLC has announced that the drilling rig and key equipment necessary to drill the Broadford Bridge-1 (BB-1) Kimmeridge Limestone well are now on site. All regulatory permissions are now in place and drilling is expected, therefore, to commence shortly.

TGS and PGS announce fourth 3D seismic project offshore eastern Canada

TGS and Petroleum Geo-Services (PGS) announce the fourth 3D seismic project offshore Eastern Canada for 2017. Long Range 3D will comprise approximately 9,100 km2 of 3D GeoStreamer data in the Eastern Newfoundland region.

Energean signs lease agreement for Aitoloakarnania block, onshore western Greece

Energean Oil & Gas has announced that it has signed a lease agreement with the Greek government for the exploration and exploitation of hydrocarbons at the Aitoloakarnania block, onshore western Greece.

Trump proposes $204.9 million budget for BSEE in 2018

President Donald Trump has proposed a $204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and Environmental Enforcement (BSEE).

DONG Energy divests upstream business to INEOS

DONG Energy has today agreed to divest the entire share capital of DONG E&P A/S to INEOS for an unconditional payment of DKK 7.0 billion on a cash and debt free basis, a contingent payment of $150 million (DKK 1.0 billion) related to the Fredericia stabilization plant and a contingent payment of up to $100 million (DKK 0.7 billion) subject to the development of Rosebank field.

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.