Exploration

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.

BP has discovered natural gas deposits in two wells in the North El Burg Offshore Concession in Egypt.

West Africa is one of the leading areas in the world for deepwater offshore exploration, with Nigeria and Angola the largest producers in the region.

ConocoPhillips has sold its share in NaryanMarNefteGaz to Lukoil as part of its divestment programme.

Woodside Petroleum has reported half-year profits of US$ 812 million as a result of the Pluto LNG start up, higher commodity prices and greater revenue from the Vincent North West Shelf Oil.

Petro SA and Cairn India have signed a farm in agreement for the offshore Block 1 off the west coast of South Africa.

Chimera Energy and PEMEX have been holding meetings about possible shale exploration in the Chiconpontec Formation using the company’s non-hydraulic extraction method.

Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Tullow Oil.

We need the oceans now more than ever as they cover 72% of the Earth's surface and control our climate by absorbing CO2 but have explored remarkably little of them.

BP has been ordered by a Russian court to pay US$ 3.1 billion in damages to TNK-BP.

An international tribunal has ordered the Russian government to compensate a group of Spanish investors for the losses they suffered when Russia seized the Yukos Oil Company, one of the largest oil and gas companies in the world.