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Latest Oil & Gas News

Thursday, October 19, 2017

Exploration News

Energean: Montenegro In 'Sweet Spot' Of Untapped Adriatic O&G Potential
Two blocks offshore Montenegro awarded to Greece's Energean Oil & Gas are estimated to have 1.8 trillion cubic feet of recoverable natural gas reserves, Energean says.



Wednesday, October 18, 2017

Exploration News

African Petroleum Seeks Arbitration Over Gambia Oil Dispute
African Petroleum Corp has begun arbitration proceedings over Gambia's decision to strip the company of its rights to explore for oil in two offshore areas.



Monday, October 16, 2017

Exploration News

Arctic Oil Promise Keeps Norway's Disappointed Wildcatters Going
It's been a bad year for oil explorers in Norway's Arctic, but companies aren't about to give up.



Thursday, October 12, 2017

Exploration News

Bids On Lebanon Offshore Energy Blocks Close
Lebanon's Energy Minister Cesar Abi Khalil says a tender has closed on a first round of offshore energy blocks.

WoodMackenzie: Norway Remains Among World's Top 10 Places To Discover Oil
Norway remains among the top 10 places to find oil worldwide, consultancy firm Wood Mackenzie says.

BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017
SOCAR plans to sign a production-sharing agreement with BP to jointly explore prospects in a new block.



Wednesday, October 11, 2017

Exploration News

Tullow Oil Signs Exploration Contracts Offshore Ivory Coast
Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million.



Tuesday, October 10, 2017

Exploration News

Oil Official: Iran's Azadegan Oilfield Tender Delayed To 2018
A tender for developing Iran's Azadegan oilfield has been delayed again, a senior Iranian oil official says.

Nigeria's Oranto Petroleum Signs Uganda Oil Exploration Deal
Nigeria's Oranto Petroleum has signed two production sharing agreements with Uganda to explore for oil and gas around Lake Albert.



Friday, October 6, 2017

Exploration News

Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan
The new terms will allow producers to be paid in oil and enable them to export or sell the barrels to local refineries, said Carlos Perez at a conference at Rice University in Houston on Friday.

US Oil Drillers Cut Rigs for 4th Week in Five -Baker Hughes
The oil rig count fell by two to 748 in the week to Oct. 6, General Electric Co's Baker Hughes energy services firm said.

Eni Bets Big on Zohr Explorer Finding New Treasure
The Zohr field off Egypt sits in an area that Royal Dutch Shell pored over for years.



Thursday, October 5, 2017

Exploration News

Argentina Plans Auction for Offshore Oil Exploration Next Year
Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said.

ExxonMobil 'Puts Guyana on the Map' with Discovery
Could ExxonMobil attain 2 billion-barrel oil reserves mark offshore Guyana?



Wednesday, October 4, 2017

Exploration News

Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad
ANP approves a request by the consortium exploring the potentially oil-rich Libra area.

Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut
The rush of enthusiasm that followed the July find has turned into a nervous wait.

Cheap Option to the Oil Sands Emerges as Hot Play in Canada
There's a land grab quietly taking place in a little-known corner of the Canadian oil sands.



Monday, October 2, 2017

Exploration News

BHP Gearing Up to Start Drilling for Oil in Mexico's Deep Waters
BHP Billiton is getting closer to drilling its first oil wells in Mexico's deep waters.






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