Exploration

The West African nation has announced that it expects its total oil output to have more than doubled by 2021, bringing production up to 250 000 bpd.

Douglas-Westwood (DW) has forecast that the global spend on subsea hardware for oil and gas exploration and drillingis likely to double to US$ 124 billion during 2013-17.

Chevron Corp. today announced further drilling success by its Australian subsidiary in the Exmouth Plateau area, located in the Carnarvon Basin.

BWA Water Additives has joined the Rice Brine Chemistry Consortium focusing on the oil and gas industry.

GE has acquired Lufkin Industries Inc. for approximately US$3.3 billion.

The planned strike by Norway’s oil and gas unions was called off at the last-minute after a pay deal was reached.

The Swedish company has found good quality, light oil at its Luno 2 prospect in the Norwegian North Sea.

The land-locked East African country could be the next to unlock oil riches.

The Italian company’s plans to explore for hydrocarbons offshore Cyprus have angered the Turkish government.

As the US experiences a shale gas revolution, the question now is, where is all this abundant natural gas going to go?

Faroe Petroleum releases mixed financial results, but strikes a positive note on production and 2013 exploration Capex.

Wintershall, a unit of BASF, has made an oil discovery offshore Denmark that is estimated to contain approximately 100 million bbls of oil.

Initec has awarded ABB the contract to deliver e-houses for its natural gas plant in Bolivia

US oil giant Chevron has made a deepwater oil discovery in the US Gulf of Mexico.

A panel including India’s Prime Minister, Manmohan Singh has cleared 5 oil and gas blocks for oil and gas exploration, whilst rejecting three others.