The Cypriot government will receive bids on July 22, under the latest round of licensing for offshore oil and natural-gas exploration and expects any agreements with companies to be struck by early next year, Energy Minister Georgios Lakkotrypis said.
The State Oil Company of the Azerbaijan Republic (SOCAR) and BP signed a memorandum of understanding (MOU) to jointly explore potential prospects in Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea.
TGS announces the expansion of its multi-client library offshore Eastern Canada, with plans to acquire approximately 2,000 km² of 3D seismic data, in partnership with PGS.
Wintershall Norge AS, operator of production licence 248, has completed the drilling of wildcat wells 35/8-6 S and 35/8-6 A.
To further support its work in encouraging mineral, coal, and oil and gas exploration investment in British Columbia (B.C.) through the collection and distribution of publicly available geoscience data, Energy and Mines Minister Bill Bennett announced today that the Province will provide $5 million in funding to Geoscience BC.
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.
U.S. explorers aren’t the only ones idling rigs as sub-$50 crude forces oil and gas drillers in Africa to slow their search for new reserves.
Kosmos Energy has announced that it has entered into a farm-out agreement with Hess Suriname Exploration Limited, a wholly-owned subsidiary of the Hess Corporation, covering the Block 42 contract area offshore Suriname.
Occidental Petroleum Corp. named Vicki Hollub as CEO Friday, making her the first female CEO of a major U.S. energy explorer.
Cnooc Ltd., China’s biggest offshore oil and gas explorer, reported a 31% decline in revenue and an increase in output amid a crash in crude prices.
Ian Macqueen, the analyst who called Pacific Exploration & Production’s downfall, has a new buy recommendation for investors looking to benefit from Colombia’s oil potential.
Bowleven, the Africa focused oil and gas exploration group traded on AIM announced that it has been awarded a one-year extension to the existing Bomono exploration licence, onshore Cameroon, pending the final award of an Exploitation Authorization (EA).
The latest bout of bad news for Israel’s natural gas extraction plans may turn out to be a boon for energy explorers.
Inpex Corp., Japan’s biggest oil and gas explorer, expects to book $606 million in impairment charges for the year just ended, following the collapse in oil and gas prices.
Pacific Exploration & Production Corp. has announced that the company was formally notified of the Colombian Constitutional Court's decision instructing the company to suspend operations within two km of the border of an indigenous community known as "Vencedor Piriri," encompassing a portion of Quifa Block.
BP and China National Petroleum Corporation (CNPC) today signed a production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan basin, China.
The collapse of crude prices isn’t the only problem facing energy companies in Norway: Explorers in western Europe’s biggest oil-producing nation also have had their leanest drilling spell in almost a decade.
Abu Dhabi National Oil Co. (Adnoc) is willing to accept additional partners at its main onshore fields, a senior company official said, almost a year after awarding less than half the production rights it offered for the deposits in a bidding round.
India’s state-owned oil explorer won’t let low crude prices clip its wings.
Explorers once again idled drilling rigs in U.S. oil fields as crude inventories continue climbing, boosted by a surge in imports.