Exploration

BP has announced that its subsidiary, Castrol Ltd, has sold part of the shareholding it holds in Castrol India.

West Virginia Electric has welcomed Jerry Karr as Executive Vice President to the company.

The well, located south of the Brage oilfield, will target the Jurassic aged sandstones in the Early Jurassic Statfjord Formation.

Real Energy Corp. Ltd has commenced the five-stage fracture stimulation programme of Tamarama–1 well located in the Windorah Gas Project in ATP 927P.

The acquisition brings the first Weald Basin licence interest to Union Jack's expanding UK onshore portfolio.

Wintershall Norge AS, operator of production licence 248, has announced the completion of the drilling of wildcat wells 35/8-6 S and 35/8-6 A.

All the licences are located in the southern Barents Sea with three of the licences being operated by Lundin Norway.

According to APPEA, there is an urgent need to address the decline in Queensland exploration experienced over recent years.

WFS Technologies, Focus Subsea and Aquip Systems are to demonstrate the Seatooth wirelessly enabled products at iTech’s test tank facilities.

The Ministry of Petroleum and Energy has awarded five licences to Statoil in the 23rd licensing round, four as operator and one as partner.

Petronas has recorded a group pre-tax profit of RM6.8 billion for 1Q16, 60% lower than the RM17.0 billion posted in 1Q15.

The Norwegian Petroleum Directorate has granted Tullow Oil Norge AS a drilling permit for wellbore 16/5-6.

The Economist Intelligence Unit has announced that it maintains its forecast that Brent will average US$40/bbl in 2016.

Ikon Science and Fugro have combined forces to tackle wellsite related geohazards and bring a new solution to market.

CGG has been registered by Mexico’s National Hydrocarbons Commission as an independent third party qualified to audit and certify Mexico’s reserves.