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Latest Oil & Gas News

Thursday, December 14, 2017

Exploration News

Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects
ExxonMobil and Petrobras form an alliance to develop energy projects around the world.

Drillers Flock to Rockies as Sleepiest Shale Corner Awakens
It's not exactly the Pike's Peak gold rush of 160 years but with crude prices on the rise, explorers are returning to the oil-rich rock of Colorado.

Lebanon Approves Offshore Oil, Gas Exploration Bid
Lebanon's cabinet approved a bid on Thursday for offshore energy exploration by a consortium made up of France's Total, Italy's ENI and Russia's Novatek.



Monday, December 11, 2017

Exploration News

Oasis Petroleum Adds More Acreage In Delaware Basin For $946MM
Oasis Petroleum says it would buy more acreage in the Delaware Basin.



Friday, December 8, 2017

Exploration News

Mexico Says Deepwater Oil Tender Doomed By Brazil Competition
Pemex blames the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite.

Petrochina Conducts Major Internal Transfer Of Oil, Gas Blocks
PetroChina conducts its first major internal transfer of mining rights between subsidiaries to allow those with mature fields to look for oil and gas in under-developed regions.

Seismic Survey Offshore Mozambique Commences
Seismic imaging specialist Spectrum announces the commencement of a 2D seismic survey offshore Mozambique on behalf of the Institute of National Petroleum.



Wednesday, December 6, 2017

Exploration News

Po Valley Energy Announces 'Positive' Results from Well Onshore Italy
Po Valley Energy announces positive log results from the drilling of the Podere Maiar 1 (PM1) well on the Selva gas field onshore Italy.



Tuesday, December 5, 2017

Exploration News

While Senate Pushes ANWR Drilling, Industry Looks Elsewhere
Even as the US Senate moves to allow oil drilling in Alaska's ANWR, the real action is 150 miles (241 km) west.

China To Auction Five Oil, Gas Blocks In Xinjiang In Reform Push
China is putting out for auction 5 oil and gas blocks in the remote northwest Xinjiang region to domestic investors.

Sharp Fall In Applications For Norway's Arctic Oil Permits
Norway's attractiveness as an oil region took a hit when energy authorities said 11 oil firms applied for stakes in exploration blocks in its latest oil licensing round



Monday, December 4, 2017

Exploration News

ExxonMobil to Evaluate Offshore Mauritania Blocks
Company plans seismic activities.

Siccar Point Energy to Drill Lyon Well in 2018
Siccar Point Energy E&P Limited will drill the Lyon well immediately after the Cambo appraisal well in 2018.

Britain's Genel Finds Oil Bearing Reservoirs In North End Of Taq Taq Field
Genel Energy Plc says one of its wells, drilled to appraise the northern end of its Taq Taq oilfield in Kurdistan region of Iraq, encountered oil bearing reservoirs.



Friday, December 1, 2017

Exploration News

CNPC Reports New Oil Field Discovery In Western China - Xinhua
China National Petroleum Corp (CNPC) discovers a new oil field, according to the official Xinhua News agency.



Thursday, November 30, 2017

Exploration News

Chevron To Study Mexican Oil Block, No Drilling Seen In First 4 Years
Chevron will focus on studying the geology of its block in Mexico's deepwater Gulf during the first four-year phase of its contract.

Statoil Secures Onshore Argentina Exploration License
Statoil ASA has been awarded the Bajo del Toro Este exploration license as operator in the Neuquen basin.



Wednesday, November 29, 2017

Exploration News

ExxonMobil Nears Deal To Explore For Oil And Gas Offshore Mauritania
ExxonMobil is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country.



Tuesday, November 28, 2017

Exploration News

Statoil To Drill 5-6 Wells In Arctic Barents Sea In 2018
Norway's Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing.



Monday, November 27, 2017

Exploration News

Iraq Invites Foreign Bids For Oil, Gas Blocks In New Areas
Iraq invites foreign companies to bid for contracts to explore and develop oil and natural gas reserves in nine new blocks as the OPEC nation seeks to boost its output capacity.






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