NPD: The shelf in 2016
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come
Exploration
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IHS Markit: Total’s offshore Cyprus Block 11 could tival Egypt’s Zohr natural gas discovery
Total to drill one of E&P industry’s most critical wells in 2017, as interest grows in region
Cub Energy announces new 20 year production licence with expanded acreage
Cub Energy Inc. has announced that its wholly-owned subsidiary, Tysagaz LLC, has been granted a new production licence with additional acreage in western Ukraine.
BP partners with Kosmos Energy on discoveries in Mauritania and Senegal
The approximately 33 000 km2 of acreage covered by the agreements includes the Tortue field.
INPEX to enter production phase at Zapadno-Yaraktinsky Block oilfield in Irkutsk
The new production phase adds to the company's continually growing E&P portfolio.
Sercel sells four 508XT acquisition systems to Indian Seismic Companies
CGG has announced that its equipment business, Sercel, has delivered four of its new-generation 508XT land acquisition systems to two seismic companies recently awarded survey work in India by ONGC and Oil India.
Sound Energy to acquire interest in Sidi Moktar licences
Sound Energy has received regulatory approval for acquisition of a 75% interest in Sidi Moktar licences onshore Morocco.
Global oil and gas exploration likely to return to profitability in 2017
A new study by Wood Mackenzie shows that exploration should return to profitability in 2017 after five years of only single-digit returns.
Seabird secures 2D seismic contract
Seabird to use the Northern Explorer for the project in South America.
Emerson releases updates to seismic reservoir modelling and simulation software
RMS 10 brings enhancements to seismic interpretation, structural and property modelling, reservoir engineering and automation for improved reservoir management, increased productivity and reliable production forecasting.
Polarcus awarded two projects offshore South America
Polarcus Limited has announced that it has received two Letters of Intent from two undisclosed clients for two additional marine seismic projects offshore South America.
CGG achieves near real-time Imaging for offshore Morocco survey
CGG has announced the delivery of near real time imaging results for a 4200 km2 BroadSeis 3D marine seismic survey acquired offshore Morocco.
Polarcus provides Q4 and full year 2016 update
The company expects to report a prefunding level of 120% for the full year 2016, down from previously guided 150%.
BP announces start of drilling on new carboniferous prospect
The well will test the potential of the deep carboniferous age horizon reservoir.
Apex International Energy awarded first blocks in Egypt
The company has been awarded Block 8 and 9 within the Abu Gharadig Basin in Egypt's Western Desert.