Exploration

Apache has cited high production levels and increased oil prices as the reasons behind soaring profit and revenues.

DNO international has doubled production, reaching record levels.

The American Petroleum Institute say the President’s budget would tax one of the nation’s biggest job creators.

India has once again revised the date for the launch of its shale gas round.

The Malaysian company Petronas has uncovered a significant natural gas reserve in the Kasawari field.

Territorial disputes fuelled by the prospect of oil and gas reserves are hindering E&P activities in the Asia-Pacific region.

Weatherford International Ltd. has had all claims against the company in the multi-district litigation over the cause of the Macondo blowout and oil spill dismissed.

Italian oilfield services contractor, Saipem has hit record profit levels.

Brazil’s Petrobras has plans to lease 26 rigs over 15 years.

Brazilian state player Petrobras has discovered a new crude oil reservoir in the Santos Basin.

Noble Energy, Inc. has announced a natural gas discovery at the Tanin prospect offshore Israel. The discovery well was drilled to a depth of 18,212 ft and encountered approximately 130 ft of gross natural gas pay in high-quality lower Miocene sands.

Total has signed an agreement with Sinochem to sell TEPMA BV. This fully owned affiliate of Total holds a working interest in the Cusiana field as well as a participation in OAM and ODC pipelines in Colombia.

Aker Solutions has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for the oil company's Jubilee and Tano deepwater fields offshore Ghana, West Africa.

Gordon Cope, Contributing Editor, reports on the new sources, new markets and new headaches involved in US natural gas production.

An American Petroleum Institute poll has shown that nearly 80% of Florida voters favour more oil and natural gas development.