Exploration

Summary includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days.

The field has been developed at a water depth of about 400 metres with two facilities on the sea bed.

Ecuador is the smallest oil producing member of the Organisation of the Petroleum Exporting Countries (OPEC).

UK fiscal regime being revamped to reflect the maturity of the UK basin.

Statoil is presenting the annual and sustainability reports for 2014, together with the new payments to governments report.

Statoil was the apparent high bidder on 14 leases in the Central Lease Sale.

Statoil has been awarded new exploration acreage through the Aru Trough I licence offshore Indonesia.

Archer’s modular rig commences permanent plug and abandonment operations for Statoil.

Operator Statoil has together with PL218 partners made a gas discovery in the Snefrid Nord prospect in the Norwegian Sea.

Falling rig counts drive projected near-term oil production decline in 3 key U.S. regions.

Wood Mackenzie: Shallow Water development opportunities in Mexico's Round One.

GE launches global research, technology innovation and manufacturing in Saudi Arabia.

Trafigura selects TouchStar to implement oil & gas fleet logistics automation solutions across North American upstream operations.

NUTECH will work with UKOG to maximise the potential value of the Horse Hill area licenses.

Sound Oil has announced the approval of the Environmental Impact Assessment for the Badile exploration well.