Exploration - 16 January 2015

Repsol has completed the exploratory well, which began on 18 November 2014 in the Atlantic Ocean about 60km from Lanzarote and Fuerteventura.

Indonesia has scrapped a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern.

Petrobras has saved US$1 billion in cost reductions, design optimization and productivity gains since it launched its Well Cost Reduction Program.

The United States District Court for the Eastern District of Louisiana ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case.

Statoil has applied for consent to drill exploration well 16/7-11 in a prospect named Knappen.

The president should use next week’s SOTU to embrace policies for a new era of American leadership on energy and jobs, said Jack Gerard.

Encana Corporation has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc.

Transocean Ltd. today issued a comprehensive Fleet Status Report that provides status and contract information.