Exploration ///

Eni enters into Ras Al Khaimah with Block A offshore E&P agreement

Eni has signed an exploration and production sharing agreement covering Block A offshore Ras Al Khaimah, as well as the relevant joint operating agreement.

Colorado Petroleum Council responds to Senate Bill 181 being signed into law

Governor Jared Polis signed Senate Bill 181 into law. Governor Polis’ signature follows the measure’s passage through the Colorado legislature on April 3, 2019.

New products and services

Michele Cowart, World Oil

CGG’s GeoSoftware, part of its Geoscience Division, has launched Jason 10.0, HampsonRussell 10.4 and PowerLog 10.0.

OTC Spotlight on New Technology Awards: Innovation continues as offshore recovers

As the offshore sector of the global E&P industry shows signs of finally turning the corner, the strong pace of technical innovation is continuing.

High Speed Transfers second Damen FCS 2710 vessel contracted by Shell for Black Sea program

UK-based crew transfer specialist High Speed Transfers (HST) has announced that its second vessel of Damen’s new FCS 2710 class will be contracted by Shell to support its exploration program in the Black Sea commencing March 2019.

Shell to invest $15 billion in Nigeria's oil and gas industry

Nigeria will get a large oil and gas investment from Shell Petroleum Development Company in the amount of about $15 billion, according to the Lagos-based newspaper ThisDay, citing managing director of the unit, Nosa Okunbor.

Norway's Labor Party rises against oil exploration in Arctic's Lofoten islands

Norway's Labor Party holds steadfast against oil exploration in Arctic's Lofoten islands

Vatican plans additional meeting with Big Oil to discuss climate change

As part of Pope Francis' campaign to counter climate change, the Vatican has extended a second invitation to major oil companies to participate in a discussion about their company's roles in generating and reducing pollution.

Colorado oil industry gets overhaul by regulators

Colorado’s legislature passed a sweeping overhaul of the state’s oil and natural gas laws, giving local governments more power to regulate drilling in one of the nation’s top crude-producing regions.

Lukoil has concluded Zhenis block's exploration and development in Kazakhstan

PJSC LUKOIL, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea.

Equinor receives consent for exploration drilling in Barents, North Sea

The Petroleum Safety Authority of Norway has given Equinor Energy consent to drill exploration well 16/5-7 in production license 502 in the North Sea.

Lundin's Solveig PDO includes five satellite wells in North Sea

The Norwegian Petroleum Directorate has received the Plan for Development and Operation (PDO) for the Solveig oil discovery in the North Sea.

Vedanta Limited reports oil discovery in India's Krishna-Godavari basin

Vedanta Limited has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an Oil Discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari basin, East Coast of India.

ADNOC awards Block 1 exploration rights to Indian consortium

The Abu Dhabi National Oil Company (ADNOC) signed agreements, awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil companies, Bharat Petroleum Corporation Limited and Indian Oil Corporation Limited.

MCEDD 2019 paves the way to realizing a future of increasing demand

Emily Querubin, World Oil

Gulf Quest LLC, a Gulf Energy Information and Quest Offshore JV, is hosting this year’s 16th annual Marine, Construction & Engineering Deepwater Development (MCEDD) conference on April 2–4, at London’s Novotel London West hotel. Once again, attendees can expect to hear about the latest advances in the engineering, development and production of oil and gas in deepwater and ultra-deepwater fields around the globe.

Companies in the news

Michele Cowart, World Oil

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well, located ~12.43 mi (20 km) south of the Kristin platform in the Norwegian Sea.

Siccar Point Energy spuds Blackrock exploration well

Siccar Point Energy has commenced its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect.

ADNOC awards Japan's INPEX onshore exploration concession in block bid round

The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX Corporation.

Eni reports new gas discovery in the Nour prospect, offshore Egypt

Eni announces a new gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km north of the Sinai peninsula.

Eni reports major oil discovery offshore Angola

Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water.