Exploration

Stock-Callers.com's has argued that the pipeline industry continues to grow due to rising demand for pipes, increasing deep drilling operations, and accelerating production of oil.

President Energy has provided the following update on its Argentine and Louisianan operations.

Carlos Santos, Repsol Technology Center researcher, looks at how the Sherlock Project can help improve exploration success rate and reduce uncertainty through geological evaluation, validation and calibration of hydrocarbon reservoirs.

Seacroft Marine Consultants has secured two key contracts with major North Sea oil and gas operators, BP and Centrica E&P.

The government has granted a further two year extension to the current period of the PSA.

Acquisition is expected to complete in late Q1 2017 with final processed data available in early 2018.

The company’s latest report states that Nigeria is set to lead the region in terms of number of planned projects, with 11, followed by Angola with eight.

The well has been capped in preparation for flow testing.

This discovery further enhances Shell’s deepwater position.

Statoil has acquired an operated interest in a Brazilian offshore licence containing a substantial part of the Carcará pre-salt oil discovery.

In addition, the company has reported successful results from the Shenandoah #5 appraisal well.

Total captured the benefit of the recovery in oil prices since the start of the year, and adjusted net income rose to US$2.2 billion in the second quarter of 2016.

Anadarko Petroleum Corp. has announced its financial and operating results for 2Q16, including a net loss attributable to common stockholders of US$692 million.

Spectrum has announced the commencement of a 15 000 km multi-client 2D survey offshore Brazil in the Santos and Campos Basins.

Savannah Petroleum PLC (Savannah) has announced the signature by one of its subsidiaries of a call-off order (Call Off) under the previously signed framework contract for seismic acquisition services with BGP Niger SARL (BGP).