Exploration ///

EMGS mobilizes vessel for potential acquisition contract

Electromagnetic Geoservices (EMGS) is engaged in the final stages of a contractual exchange for a data acquisition survey in South America.

Lukoil signs MOU with Uzbekneftegaz

The President of Lukoil, Vagit Alekperov and Uzbekneftegaz’s acting chairman of the board, Bahrom Ashrafhanov signed a memorandum of understanding to develop cooperation and share experience in the implementation of geological exploration in the Republic of Uzbekistan's territory.

Russia is said to offer Exxon new projects as sanctions loom

Russia has begun discussions with Exxon Mobil on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.

Exxon makes major bet on Brazil as Petrobras eases its grip

Exxon Mobil has gone from being a tiny bit player in Brazil to the second-largest holder of oil exploration acreage, trailing only state-controlled Petroleo Brasileiro.

Exxon exploration chief eyes Africa for next elephant oil find

Exxon Mobil is targeting western and southern Africa for the world’s next big oil bonanza as the explorer scours the globe to repeat its success in Guyana.

Rwanda looking for private investment for oil search

Rwanda is considering partnering with oil and gas companies for the next stage of exploring Lake Kivu for more hydrocarbons, a government official said.

Service companies chase international boom as U.S. shale drilling moderates

The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices, but the good news is tempered by an activity slowdown in their own back yard.

Colorado’s Prop 112 would cut surface drill sites by 54%

BP’s new U.S. onshore headquarters in Denver serves as a testament to Colorado’s regal mountains, its expansive forests, its nature-loving culture.

Egypt seen planning new oil, gas contracts to attract investors

Egypt is working on a new model for future oil and gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy.

UTEC extends surveying capabilities with new autonomous underwater vehicle launch and recovery system

UTEC, a global surveying company in subsea services group Acteon, successfully commissioned its new launch and recovery system (LARS) for the fleet of seven autonomous underwater vehicles (AUV) it uses for seabed surveys in the oil and renewables industries.

Saturn Oil & Gas Inc. increases land position and provides operational update

Saturn Oil & Gas Inc. has successfully bid on certain targeted parcels at the recent Crown land sale, earlier this month.

Oil majors offload Gulf of Mexico fields to hunt bigger finds

Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it’s home runs or bust.

Chariot Oil & Gas announces Prospect S well result, offshore Namibia

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, has announced the result of the well on the Central Blocks license, offshore Namibia.

Wildcatters still a gamble for investors despite oil's rise

Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays. But even with talk that prices of $100/bbl could again be in sight, investors are wary before taking the gamble.

Chevron exits Norway as wider retreat looms from North Sea

Chevron Corp. is selling its last remaining oil exploration license in Norway, putting it one step closer to a full retreat from the aging North Sea basin as the U.S. major seeks higher returns elsewhere.

Innovative thinkers

Emily Querubin, World Oil

John Costagna: Fostering the industry’s human intelligence

First oil

Kurt Abraham, World Oil

A job done well

Oil explorers to spend $900 million in Mozambique

Exploration companies in Mozambique will spend at least $900 million, boosting the nation’s hopes of becoming a major exporter.

National Oil Corporation, BP and Eni to resume exploration in Libya

A letter of intent (LOI) was signed in London by National Oil Corporation chairman Eng. Mustafa Sanalla, BP group chief executive Bob Dudley and Eni CEO Claudio Descalzi.

Saudi prince sees deal with Kuwait to restart oil fields "soon"

Saudi Arabia’s crown prince said he’s getting close to striking a deal with Kuwait about two jointly owned fields that can produce half a million barrels a day of crude.