Equinor Energy concludes the drilling of exploration well 30/11-15 in the North Sea
The well was drilled by the ‘Deepsea Stavanger’ drilling rig, about 25 km southwest of the Oseberg field in the North Sea and 150 km west of Bergen.
Exploration
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Aker BP awarded Exploration Innovation Prize for its ‘exploration robot’
The machine learning models that have been developed can assist geologists and geophysicists in reconstructing missing well logs, making lithology predictions, calculating shale content, and mapping potential undiscovered reservoir areas.
Zion Oil & Gas has announced award of new Megiddo Valleys license
Zion Oil and Gas has announced that the State of Israel has awarded Zion a new exploration license, named the Megiddo Valleys 434.
Repsol sells exploration and production assets in Canada
The company has agreed to sell its oil and gas assets in Canada to Peyto for US$468 million (approximately €433 million) as part of its ongoing portfolio management to focus activity on core regions.
Petrobras signs agreements with major Chinese companies
The company has signed four memorandums of understanding (MOUs) with China Energy, SINOPEC, CNOOC and Citic Construction, China's main oil and energy groups.
New oil discovery in the Gulf of Suez
Cheiron has announced a new oil discovery near the GNN oil field in the Gulf of Suez.
Shell and Deltic started surveying on exploration well in the North Sea
Deltic Energy has been informed by the licence operator Shell UK Ltd that site survey works associated with the Selene exploration well location have commenced.
More Exploration news
Wood Mackenzie: Oil and gas exploration spending to recover from historic lows
Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.
ADNOC to acquire 30% equity stake in Absheron gas field
Abu Dhabi National Oil Company (ADNOC), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies have announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea.
TotalEnergies sells 15% interest in Absheron gas field to ADNOC
After completion of this transaction, which is subject to the approval by the relevant authorities, TotalEnergies will own a 35% interest in Absheron gas field, alongside SOCAR (35%) and ADNOC (30%).
Rystad Energy: Conventional oil and gas exploration activity grows, but discovered volumes remain elusive
Spending on conventional oil and gas exploration is rebounding and is expected to top US$50 billion this year, according to Rystad Energy.
Trillion announces farm-in for oil exploration blocks in Turkey
Trillion energy has announced farm-in agreement for three oil exploration blocks in southeast Turkey.
University of Aberdeen research identifies North Sea gas ‘super basin’
The ‘World-class’ study has highlighted CCUS potential for a North Sea ‘super basin’.
OMV announces new gas discovery in Austria
OMV have announced a new gas discovery in Austria, representing the country’s largest natural gas discovery in 40 years.
PETRONAS make multiple discoveries in Malaysia’s Sarawak basin
PETRONAS has made six oil and gas discoveries in five blocks off the coast of Sarawak, Malaysia.