Oil exploration

Oil Exploration

Seven Oil Players Apply for Production Licences off Norway

Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy …

Oil&Gas Drilling

Petronas Hits Oil Offshore Indonesia

Malaysian energy giant Petronas has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract, off…

Oil Exploration

Shell Delays US Offshore Production Start ups

Shell has delayed the startup of the PowerNap and Vito deepwater projects in the US Gulf of Mexico because of Covid-19-related issues.

Oil Exploration

Woodside to go Ahead with Myanmar Exploration Plans Regardless of Coup

Australian energy giant Woodside Petroleum believes that the military coup in Myanmar is just “a transitionary issue” and will not affect its offshore drillin…

Oil Field

Equinor Makes Oil Discovery Near Norway's Troll Field

Equinor said in a separate statement that the reservoir is expected to contain between 44 million and 69 million barrels of oil equivalent

Oil&Gas Drilling

Neptune Picks up Permit for North Sea Appraisal Well

The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.

Oil Exploration

Exxon and Chevron CEOs Discussed Potential Merger

Talks were "preliminary" and are not ongoing, but could be rekindled later.

Oil Exploration

Colombia Aims to Sign 15 Oil Exploration Contracts in 2021

Colombia aims to sign 15 oil exploration contracts in 2021, Mines and Energy Minister Diego Mesa said on Wednesday, while setting the country's crude production…

Oil Exploration

Russia’s Gazprom and LUKOIL Mull JV for Developing Fields in Nenets Area

The Vaneyvisskoye and Layavozhskoye fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 bcm of natural gas

Oil Exploration

Eni Gets New Licence in UK North Sea

Italian oil and gas company Eni has been awarded a new production licence in the UK North Sea, resulting from an application made in the 32nd UK Offshore Licens…

Oil&Gas Drilling

Oil Major BP Significantly Downsizes Oil Exploration Division

As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas explorati…

Crude Oil

China’s Oil Giants Face NYSE Delisting

Chinese crude oil companies listed in New York may soon be kicked out, after the New York Stock Exchange delisted three telecoms with headquarters in China, due…

Oil&Gas Drilling

Philippines Lifts Ban On Oil Exploration In South China Sea

The Philippines is lifting a moratorium on oil and gas exploration in the South China Sea that could lead to the Philippines and China potentially creating a jo…

Oil&Gas Drilling

Oil Exploration In Norway Slumps By A Third

Oil exploration in the Norwegian continental shelf has slumped by close to a third amid the oil price rout.

Oil&Gas Drilling

Global Oilfield Services Under Pressure from Oil Price Drop

Exploration-focused oilfield service companies will face the largest demand decline as a result of oil and gas producers cutting their capex and operating expen…