Exploration

A look at what is currently happening in France as a result of the pension and retirement strikes.

CNOOC is to purchase 33% of Chesapeake’s acreage in the Eagle Ford shale project.

Baker Hughes will take charge of service integration and panning for a three year exploration plan covering 15 wells.

A brief outline of the conclusions drawn at the American Petroleum Institute’s Annual Meeting.

Subsea UK’s chief Alistair Bernie has highlighted Britain’s’ great potential in the emerging offshore renewables market and also our shortfalls. By his estimation, the UK is in danger of repeating the same mistakes it made when the North Sea first started opening up.

Fraser Bomford & Samantha Wolreich, AKE Ltd., examine the oil and gas exploration possibilities that Afghanistan has to offer.

Secretary of the Interior Ken Salazar has determined it is appropriate that deepwater oil and gas drilling resume, provided that operators certify compliance with all existing rules and requirements, and demonstrate the availability of adequate blowout containment resources.

The CEO of Chesapeake Energy Aubrey McClendon has said that the most significant natural gas and oil shale fields in the US have already been found, and that investors should not wait around for major new discoveries.

CAMAC Energy has acquired Allied Energy Resources oil mining lease for the Oyo field offshore Nigeria.

US gas prices are increasing but in the long-term such high prices are unsustainable, as there is likely to be continued investment in exploiting new resources which will bring prices down and demand is likely to fall if the American economy does not pick up.

Eurasia Drilling Company Limited (Eurasia) and Schlumberger have announced that they have signed a Letter of Intent to sell and purchase each other’s drilling and service assets, while entering a strategic alliance in the CIS.

DNV has been contracted by the joint investigation team (JIT) of the departments of the Interior and Homeland Security for the forensic examination of the blowout preventer (BOP) and lower marine riser package that was fitted to the Macondo well in the Gulf of Mexico.

Spectrum ASB, the Australian subsidiary of Spectrum, has released a new large scale 3D multi-client seismic merge dataset, which provides a high resolution overview of the Carnarvon Basin.

The Gulf of Mexico disaster has inadvertently led to increased investment in West African exploration ventures, but is enough funding being spent on safety?

The upstream oil and gas sector is faced with “challenges of enormous scale” that the global industry must tackle if it is to provide safe, smart and sustainable supplies, while also continuing to explore and develop new territories and frontiers.