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Latest Oil & Gas News

Wednesday, July 19, 2017

Exploration News

Brazil Publishes Contract Model For 14th Round Oil-Rights Auction
ANP published the model contract for its 14th round auction of oil and natural gas exploration rights, scheduled for Sept. 27.

Mexico Sets Jan. 31 For Next Deep-Water Oil, Gas Tenders
Mexico's oil regulator, the National Hydrocarbons Commission, set Jan. 31 as the date for the next round of auctions.



Tuesday, July 18, 2017

Exploration News

Brazil Mulls Easing Local Content Rules in Older Oil Contracts
Many key crude projects have been put on ice in Brazil due in part to steep costs stemming from tough local content rules.

Total, BP Unit, YPF Boost Investment in Argentina's Vaca Muerta
The investment is the largest specific project announcement since March in Vaca Muerta, one of the world's largest shale formations.



Friday, July 14, 2017

Exploration News

US Said to Stymie Japan's Plan to Explore for Russian Oil
A Japanese group's plans to explore for Russian oil with Rosneft PJSC have been stymied by US intervention over sanctions, according to people.



Thursday, July 13, 2017

Exploration News

Trump Administration Approves Eni Plan To Drill Offshore Alaska
Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015.

Premier Oil Says North Sea Exploration No Longer Attractive
Premier Oil says that exploring for resources in the North Sea was no longer attractive, a day after it announced a major discovery off Mexico.



Wednesday, July 12, 2017

Exploration News

Philippine Official: Drilling For Oil In Disputed Sea May Resume This Year
Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official says.

Total To Drill For Gas Off Cyprus Despite Collapse Of Peace Talks
The 'West Capella' drilling vessel contracted by France's Total and Italy's ENI moved into position to start exploring for gas off Cyprus.

Mexico Oil Privatization Pays Off With Billion-Barrel Find
It's the first new find by a private company in the country in almost 80 years, according to consultant Wood Mackenzie.



Monday, July 10, 2017

Exploration News

Statoil Drills Dry Wells Off Canada's Newfoundland
Statoil and Canada's Husky Energy have hit dry wells in a prospect in the Atlantic offshore Newfoundland for which they had high hopes, Statoil says.

Repsol, Gazprom Neft in Collaboration Deal
The Chief Executive Officers of Repsol and Gazprom Neft, Josu Jon Imaz and Alexander Dyukov, sign a memorandum of understanding to increase collaboration between both companies in West Siberia.



Friday, July 7, 2017

Exploration News

US Drillers Add Oil Rigs, Pace Remains Slow -Baker Hughes
The pace of additions has slowed in recent months.

Mexico Expects Four More Oil Auctions Before By End Of 2018
Mexico expects to launch 4 more oil and gas auctions before the current president's term concludes in November 2018.



Monday, July 3, 2017

Exploration News

Eni Makes New Discovery in Barents Sea
Italian energy company Eni makes a new discovery in the PL532 license, southwest of the Johan Castberg field.






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