Exploration - 08 January 2018

On 4 January, the Trump administration proposed to make nearly all offshore areas in the United States available for oil and gas exploration drilling.

The business intelligence group’s report reveals a 10 yr low in oil discoveries in Norway and anticipates a shift in focus in the UK to gas in 2018.

Joint venture (JV) project in the southern Delaware Basin expected to be completed by late March 2018.

Norway spent US$18 billion in 2017 on offshore developments, with the US and Mozambique also making significant contributions.