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Latest Oil & Gas News

Wednesday, January 17, 2018

Exploration News

India to Auction 55 Oil and Gas Exploration Blocks
The world's third biggest oil importer last year eased rules and allowed companies to carve out areas where they want to drill.

Greece Gets Interest For New Offshore Oil And Gas Tenders: Licensing Body
Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted 'strong interest'.

Norway Hands Out 75 New Production Licenses in Record Breaking Round
Thirty-four companies have been offered a total of 75 new production licenses on the Norwegian continental shelf.

Exploration to Increase in 2018 but Investment Constraints Remain
Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment.



Tuesday, January 16, 2018

Exploration News

NPD Grants Spirit Energy Drilling Permit for Well Offshore Norway
The Norwegian Petroleum Directorate grants Spirit Energy Norge AS a drilling permit for well 6506/9-4 S.



Friday, January 12, 2018

Exploration News

Hope Wanes for 'Elephant' Oil Discoveries in Norway's Arctic
After a disappointing year for drillers, Norwegian authorities are reviewing their hopes.

Iraq Says 26 Companies Allowed To Bid For Oil, Gas Blocks In Border Areas
The Iraqi oil ministry says 26 companies have qualified to bid for oil and gas blocks in border areas.



Thursday, January 11, 2018

Exploration News

Beach Energy Discovers New Gas Field Onshore South Australia
Beach Energy Ltd makes a new gas field discovery at Haselgrove-3 ST1, which is located in the onshore Otway Basin in South Australia.



Tuesday, January 9, 2018

Exploration News

NPD Confirms Successful Acquisition of New Seismic Data
The Norwegian Petroleum Directorate confirms the successful acquisition of around 4,500 kilometres of new 2D seismic data offshore Norway.



Monday, January 8, 2018

Exploration News

Recharged Shale Boom in 2018 Still Faces Shortage of Frackers


NPD Grants First Drilling Permit of 2018
The Norwegian Petroleum Directorate (NPD) grants its first drilling permit of 2018 to Lundin Norway AS for well 16/4-11.



Friday, January 5, 2018

Exploration News

Sidetrack Well in Canada's Rainbow Area Exceeds Expectations
The results of Cabot Energy plc's 10-32 sidetrack well in Canada have 'exceeded expectations'.



Thursday, January 4, 2018

Exploration News

New 3D Seismic to be Acquired at Otakikpo Marginal Field
Lekoil reveals that 197 square kilometers of 3D seismic data will be acquired at the Otakikpo Marginal Field in OML 11.

Statoil Comes Up Dry in Central North Sea Well
The Norwegian Petroleum Directorate confirms that Statoil Petroleum AS has come up dry in well 15/6-14 S.

Global Exploration Sector May Soon Return to Profit
There are early signs that the global exploration sector may soon return to profit.



Wednesday, January 3, 2018

Exploration News

Rising Oil Industry Investment Drives Spectrum's Revenue Jump
Seismic surveyor Spectrum's 4Q revenue surge reflects a shift among oil firms towards more exploration, its chief executive told Reuters.

Indonesia's Upstream Sector in 'Dire' Need of Additional Investment
Indonesia's 'embattled' exploration and production sector is in 'dire' need of additional investment, according to BMI Research.






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