CGX, a Toronto-based oil and gas firm focused on the Guyana-Suriname Basin, has secured funding for its next offshore exploration well in Guyana's Corentyne block by agreeing to farm out a portion of its interest to its partner Frontera.As part of the agreement, CGX will transfer 29.73% of its interest in the Corentyne block to Frontera in exchange for Frontera funding the Joint Venture's costs associated…
Israel's energy ministry on Tuesday announced the launch of the fourth bidding round for gas exploration rights in Israeli waters.As part of the fourth offshore exploration bidding round, four groups of exploration licenses (Zones) will be offered…
Equinor and partner Wellesley report discovering oil in the Troll and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect. Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic meters of recoverable oil equivalent…
Equinor will drill more oil and gas exploration wells off its native Norway in 2022 than this year to help sustain the company's future cash flow, a senior executive said on Tuesday.The majority state-owned company plans to drill 25 exploration well in Norway…
Oil and gas company Apache has appointed Tracey K. Henderson as its Senior Vice President, Exploration. Henderson joins the company from Kosmos Energy, where she served as Chief Exploration Officer. 'While at Kosmos, she contributed to the discovery of the Jubilee Field offshore Ghana…
Oil and gas company Noreco has appointed John Hulme as Chief Operating Officer (COO), effective Monday.'Mr Hulme brings 30 years of global experience in the oil and gas industry. He was most recently Country Manager for Sapura Energy E&P business in Malaysia…
The Government of Canada has this week approved three offshore drilling projects in the Atlantic Ocean, planned by BHP, Equinor, and Chevron, respectively.'The projects will allow the proponents to determine the presence, nature, and quantities…
Beach Energy and Bridgeport Energy have been awarded permits to explore for gas in Victoria, Australia, state waters near Portland and Port Campbell.'As Victorians turn up their gas heaters during the winter chill, the search for new gas off…
London AIM-listed oil and gas explorer Empyrean Energy has been given more time to drill a well in its 29/11 offshore block in China.Empyrean said Wednesday that, due to the COVID-19 pandemic and the resultant global control policies, it engaged…
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.Woodmac said Wednesday its analysis was based on announcements and tracking well plans of 11 top spending NOC explorers…
The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…
Italian oil major Eni is committed to the exploration of Cyprus' Exclusive Economic Zone and its contractual engagements with the country, its chief executive said on Friday.Turkey said last week it had sent an oil-and-gas drilling ship to waters…
Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia, Africa and South America.Europe on the other hand…
Japan’s largest exploration and production company Inpex Corporation has announced that through a subsidiary, it was awarded an exploration permit for Release Area AC/P66 (the Block) as operator in Australia’s 2018 offshore petroleum exploration acreage release…
Schlumberger on Monday introduced a new digital exploration platform designed to help exploration teams to rapidly discover and access basin-scale data and manage exploration opportunities.The GAIA platform uses the power of the DELFI E&P cognitive…
