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Latest Oil & Gas News

Friday, August 18, 2017

Exploration News

Report: Petrobras, Brazil Dispute Transfer Of Rights Worth $30B
Brazil's government and Petrobras are locked in a dispute over the value of offshore oil blocks involving an estimated $30 billion.

Local Media: Local Firm Wins Shale Gas Block Auction In China's Guizhou
A local firm on Friday won the right to explore and develop a shale gas block in the southwestern Chinese province.



Thursday, August 17, 2017

Exploration News

Governor Urges Trump To Drop Virginia From Offshore Drilling Plan
Virginia Governor Terry McAuliffe urged the Trump administration to exclude his state from a federal offshore oil and gas drilling plan.



Wednesday, August 16, 2017

Exploration News

Oil Producers Signal Offshore Return In Latest Gulf Of Mexico Auction
Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million, a nearly seven-fold increase from a year ago.



Tuesday, August 15, 2017

Exploration News

China To Develop New Shale Gas Fields, Plans Guizhou Auction This Week
China plans to develop two new shale gas fields in the south of the country and open up tenders for more oil and gas exploration blocks, the Ministry of Land Resources says.



Friday, August 11, 2017

Exploration News

Britain's Tullow Launches Oil, Gas Exploration In Zambia
Tullow Oil starts exploring for oil and gas in Zambia.



Wednesday, August 9, 2017

Exploration News

Exploration Chief: Mexico's Pemex Seeks Oil Projects In Americas
Pemex is looking for oil projects in the United States, Brazil, Colombia and Argentina to keep up output after an energy reform.

No-Name US Oil Driller Gets Shot at World's Top Reserves
'It's very unorthodox to see a small player like Horizontal Well Drillers pop up on a project this size,' said Luke Lemoine, an energy analyst at Capital One Securities Inc.



Monday, August 7, 2017

Exploration News

From a Little-Known Shale Play in New Mexico, BP Gets a Gusher
BP may have just found a gem in a largely ignored corner of New Mexico.

Greece Launches New Offshore Oil And Gas Tenders
Greece launches two tenders for offshore oil and gas exploration and exploitation in the west and south of the country, the energy ministry says.

Big Oil's Dream of $65 Billion Hidden Off Norway Is Fading Away
The oil industry has been salivating for years over Norway's Arctic Lofoten islands, which could hold billions of barrels of crude. It will likely have to keep dreaming.

The Shale Revolution and the Great Crew Change
There are not many Explorationists left.



Sunday, August 6, 2017

Exploration News

Energy Explorers Search Pakistani 'Wild Cat Areas' as Fields Dry
Pakistan's state-owned companies are spending record amounts on energy exploration, including in areas more known for separatist insurgency, as old fields start to dry up.



Wednesday, August 2, 2017

Exploration News

Malaysia's Petronas Says Awarded Shallow-Water Oil And Gas Block In Mexico
Petronas says it has been awarded a shallow-water oil and gas exploration block that it will jointly operate with Ecopetrol in the Mexican portion of the Gulf of Mexico.

Repsol Says Drilling Suspended On Vietnam Oil Block Disputed By China
Repsol says it had suspended oil drilling in a block off Vietnam, where the prospecting in South China Sea waters claimed by China had infuriated Beijing and brought Chinese pressure on Vietnam to stop.






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