Exploration - 06 January 2015

The price of Brent crude oil fell by 6% to US$53 on the 5th of January, signalling the worst first Monday of the year on record.

CNOOC Limited today announced that the company has successfully made a new mid-to-large sized natural gas discovery at Lingshui 25-1.

Helix, OneSubsea and Schlumberger announced today the execution of the definitive agreements for the companies’ non-incorporated alliance.

Chevron Corporation today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico.

Hallin Marine announced the highly successful outcome of a unique project for COOEC Subsea Technology.

Pacific Rubiales Energy Corp. today provided an update on oil flow test results in the Kangaroo-2 appraisal well, located in the Santos Basin, Brazil.

Otto Energy Ltd. (Otto) announced on Tuesday that the joint venture with Swala has successfully completed a 267 mile 2D seismic program.

DNO ASA and Entreprise Tunisienne d'Activités Pétrolière announced today the completion of drilling of the Jawhara-3 well on the permit.

The Bureau of Land Management (BLM) in Alaska has announced the results of the 2014 Lease Sale.

Australian Government has released 28 proposed areas for the 2015 Offshore Petroleum Exploration Acreage Release.

The global oil and gas industry is entering a challenging 2015 based on stubbornly low oil prices, Moody's Investors Service says in a new report.

Primeline Energy Holdings Inc. today announced that commercial production has now commenced at its LS36-1 gas field.

Confirmation of 2014 block offers, 2015 block proposals and an update from Pan Pacific Petroleum.

A West Virginia state judge has rejected the second of a pair of lawsuits aimed at stopping Gastar’ hydraulic fracturing operations in the Marcellus Shale.

Agreement with Wiley will give Geofacets users access to additional journals and maps.

Reports expect most US exploration and production (E&P) companies to show good organic reserve replacement and growth in proven reserves for 2014.

TethysAralGaz LLP has received permission to extend the Akkulka Exploration Contract for another four years.