Exploration

The flaring of unwanted associated gas from US shale wells is visible from space.

Russian producer, Lukoil has revealed that the company’s oil and gas reserves stand at 17.3 billion bbls of oil equivalent.

Earlier this week, GE Oil & Gas held its 14th Annual Meeting in the historic Italian city of Florence.

The American Petroleum Institute comment on Ohioan lawmakers urging the expansion of natural gas development.

An academic license agreement has seen more than 2600 students from around the world benefit from free access to commercial seismic interpretation software.

The US Energy Information Administration (EIA) has released its first Short-Term Energy Outlook for 2013. The EIA predicts average Brent crude oil and Henry Hub natural gas prices spot prices will fall compared to 2012. Coal’s share of the energy mix will rise.

PIRA Energy Group provide a report on the global economic backdrop and oil markets.

A new US government report has added to the chorus currently predicting a new era of American world energy dominance.

Joint Industry Project led by DNV has developed a new framework for developing floating structures which can operate in icy conditions.

Spectrum to survey Potigar Basin, offshore Brazil.

The Mexican national oil company, Pemex, has announced the discovery of a light crude deposit in the southern Mexican state of Tabasco.

Europe’s largest oil services company has revealed that it has received US$ 800 million worth of new contracts in Mexico and Australia.

ONGC Videsh has revealed that it has agreed to spend US$ 5 billion on acquiring ConocoPhillips’ stake in the Kashagan project offshore Kazakhstan.

ANH, the regulating body of the Colombian hydrocarbon industry, has awarded 49 blocks in the country’s latest E&P round.

The Russian government has awarded two further offshore Arctic licences to Rosneft.