Exploration ///

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.

Exceed wins contract to drill first-ever deepwater well offshore Guinea Bissau

Exceed, a well management and performance improvement specialist, continues to consolidate its West African presence, by announcing the company’s first contract to be undertaken offshore Guinea Bissau.

Offshore oil, gas exploration strengthens Land and Water Conservation Fund

Yesterday, the Florida Petroleum Council welcomed the permanent re-authorization of the Land and Water Conservation Fund (LWCF) into law as part of the public lands bill, S. 47 (116).

Marathon mimics private equity hunting next big thing in crude

Marathon Oil Corp. is mirroring private equity as it looks for the next big thing in U.S. crude.

DTEK Oil & Gas wins Ukraine’s first open auction for subsurface exploration permit

Oil Gas Systems, LLC - a subsidiary of DTEK Oil & Gas - has purchased the special permit for subsurface exploration of the Svitankovo-Lohivskyi license site in eastern Ukraine for UAH 85 million ($3.17 million) at open auction.

ADES, Vantage team up for deepwater drilling contract in Egypt

ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has entered, through its subsidiary ADES S.A.E., into a short-term exploration contract with Dana Gas for deepwater drilling services in the Egyptian Mediterranean basin.

Strike Energy commences operations in the under-explored North Perth basin

Strike Energy Limited has advised that the drill site preparation and other civil works have now commenced.

Aker Energy announces successful drilling results offshore Ghana

Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) Block, announces that it encountered oil in the Pecan South-1A well, offshore Ghana.