Exploration

Aker BP ASA increases reserves and maintains good results in exploration, drilling and wells, projects and production.

Hess Corporation announced positive results from the Payara-1 well offshore Guyana, which is the second oil discovery on the Stabroek Block following the world-class Liza oil discovery in 2015.

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

Total to drill one of E&P industry’s most critical wells in 2017, as interest grows in region

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.

The approximately 33 000 km2 of acreage covered by the agreements includes the Tortue field.

The new production phase adds to the company's continually growing E&P portfolio.

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 has received regulatory approval for acquisition of a 75% interest in Sidi Moktar licences onshore Morocco.

A new study by Wood Mackenzie shows that exploration should return to profitability in 2017 after five years of only single-digit returns.

Seabird to use the Northern Explorer for the project in South America.

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 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 has announced the delivery of near real time imaging results for a 4200 km2 BroadSeis 3D marine seismic survey acquired offshore Morocco.

The company expects to report a prefunding level of 120% for the full year 2016, down from previously guided 150%.