Exploration - 21 October 2014

The API has released a summary of reports that agree that crude oil exports would put downward pressure on gasoline prices.

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.

The API has said that the US Government Accountability Office’s recent report reaffirms the economic benefits of crude exports.

Company announces imminent commencement of a major new RightBAND multi-client project over the Roebuck Basin.

The US GAO has said that allowing exports could reduce consumer fuel prices, and the size of the strategic reserves should be reexamined.

Christophe de Margerie, the CEO of Total, has died in a private plane crash at Vnukovo Airport in Moscow.