Exploration news
Dana Gas spuds exploration well offshore Egypt
The Merak-1 well is in 755 m of water in the North El Arish concession, also known as Block 6.
Gazprom announces discovery of new fields on Yamal shelf
The Dinkov and Nyarmeyskoye fields' recoverable gas reserves total 390.7 billion m3 and 120.8 billion m2 respectively.
Argentina awards offshore exploration permits
The winning companies offered bids totalling US$724 million, the government said in official statements, and won the rights to explore for up to 13 years in areas of the South Atlantic.
Ophir sells interest in Block 5 offshore Mexico
The company's interest has been sold to the existing partners in the Block 5 exploration licence, subsidiaries of Murphy Oil Corporation, Wintershall Dea and Petronas.
Spur Energy Partners form partnership with KKR to acquire assets across US
The partnership aims to acquire large, high-margin oil and gas production and development assets across the Lower 48 states of the US.
Empyrean Energy confirms presence of gas clouds over Jade and Topaz prospects offshore China
The presence of gas clouds has been used as an effective exploration tool in prolific basins worldwide, contributing to the discovery of significant amounts of oil.
Talon Petroleum acquires EnCounter Oil
Talon now holds 100% interests in EnCounter’s exploration licences in the UK North Sea.
Eni makes oil discovery offshore Angola
The new discovery, in Block 15/06, is estimated to contain up to 250 million bbls of light oil in place.
Siccar Point Energy announces Blackrock exploration well results
The Blackrock exploration well is located in the West of Shetland.
Rystad Energy predicts offshore has tremendous room for growth
Rystad Energy, the independent energy research and consultancy, has analysed the historic investments and oilfield service purchases of the world’s 50 000 oil and gas fields.