Exploration

Jericho Oil Corporation announced that a successful fourth quarter 2014 drilling program on its Eastern Kansas acreage contributed to a record exit.

Repsol has completed the exploratory well, which began on 18 November 2014 in the Atlantic Ocean about 60km from Lanzarote and Fuerteventura.

Indonesia has scrapped a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern.

Petrobras has saved US$1 billion in cost reductions, design optimization and productivity gains since it launched its Well Cost Reduction Program.

The United States District Court for the Eastern District of Louisiana ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case.

Statoil has applied for consent to drill exploration well 16/7-11 in a prospect named Knappen.

The president should use next week’s SOTU to embrace policies for a new era of American leadership on energy and jobs, said Jack Gerard.

Encana Corporation has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc.

Transocean Ltd. today issued a comprehensive Fleet Status Report that provides status and contract information.

Norwegian Energy Company ASA is reducing its ownership in licence 9/95 on the Danish continental shelf from 20.1% to 16%.

Norway's Statoil handed back three out of its four Greenland offshore oil and gas exploration licenses.

BP is set to announce plans for significant job cuts to staff in its North Sea operations later today, according to several news reports.

The benefits of exporting crude oil from the US, in a nutshell, as presented by Ryan Lance, ConocoPhillips CEO and Chairman.

Total has started gas and condensate production from the West Franklin Phase 2 project in the Central Graben area of the UK North Sea.

External pressures on Russia’s oil and gas industry have compelled the country to seek partnerships with Asia-based companies.