Exploration

As part of an ongoing lawsuit between Chevron and plaintiffs from various Amazonian villages, an Ecuadorian court has ordered the seizure of approximately US$ 200 million worth of company assets.

Poland’s Prime Minister, Donald Tusk, has announced plans to tax oil and gas companies at roughly 40% of their profits as the government begins to outline what it hopes will be seen as an investment-friendly regulatory framework.

Drilling activity has is increased in the UK continental shelf in 2012 and stability is returning to the sector though a combination of tax relief and rising oil prices.

Petrobras has found light hydrocarbons in block SEAL-M-426, in ultra-deep waters of Sergipe-Alagoas Basin.

Global Data ask the question, is Myanmar an emerging natural resources powerhouse?

Fugro N.V. has announced that it is to divest the majority of its geoscience division to CGGVeritas, in a deal worth €1.2 billion.

Chevron Corp. has been awarded participation in two deepwater blocks located offshore Sierra Leone.

Cyril Widdershoven, TNO, the Netherlands, explains how changes in domestic demand for natural gas in the Middle East could impact upon global supply.

Ragnvald Graff, Sales and Marketing Director for Nexans Norway explains the importance of umbilicals in the offshore oil and gas sector.

Chevron Corp. has confirmed the discovery of gas in the Satyr-2 exploration well in the Carnarvon Basin.

Chevron USA has bought 246,000 acres of shake gas acreage from Chesapeake in the Permian Basin in New Mexico.

Repsol has made a new gas discovery in block 57 in Peru.

Latin America’s oil and gas sector has something to celebrate, reports Gordon Cope.

Category 1 Hurricane Isaac has made landfall in Southeast Louisiana: impact on oil prices expected to be subdued.

Shell has requested two extra weeks of drilling time as delays continue to set the company’s Arctic programme back.