Exploration
News
May 22, 2023
STRYDE’s seismic sensor technology will be utilized on an upcoming 3D seismic survey conducted by Nigerian geoscience solutions provider, ATO Geophysical Limited, as part of an onshore oil and gas exploration project in the region.
Article
May 2023
After 60 years of E&P activity, the Cooper basin remains Australia’s largest onshore O&G province, supplying domestic gas markets in southeastern Australia and export markets via the Gladstone LNG plant. This strategic basin has potential for further discoveries, as well as opportunities to play a key role in Australia’s energy transition through CCS projects in depleted fields.
News
May 11, 2023
Chief Executive Officer Ricardo Roa told investors that he hoped more oil contracts and bidding rounds for exploration blocks would be forthcoming.
Webcast
Achieve Sustainable Gas Exploration and Production to Advance Energy Security
May 17, 2023
Aspen Technology
Natural gas remains a readily available, low-carbon feedstock, providing a 20% reduction in CO2 emissions vs. traditional liquid hydrocarbons. However, it’s critical to optimize operations across your assets’ lifecycle to offset threats of sustainability and energy security.
Join World Oil and AspenTech experts as they discuss how innovative digital solutions support end-to-end gas exploration and production, enabling your teams to:
• Efficiently delineate and find economical natural gas producing opportunities
• Accelerate time to first gas
• Lower the environmental footprint of development
• Maximize asset utilization by optimizing production
Register now to join the conversation! Learn how you can leverage digital solutions to meet the increased demand for natural gas.
News
March 28, 2023
In an exclusive interview with the African Energy Chamber, Foday B. L. Mansaray, Director General of Sierra Leone’s Petroleum Directorate, spoke on the country’s exploration agenda to develop its hydrocarbon-rich, ultra-deep basins
News
March 23, 2023
Seismic surveys use sound waves to help oil and gas companies build an image of hydrocarbon deposits buried deep underground. They are considered a fast and efficient way to map out new reserves, which is essential given that the world’s oil and gas supplies are dwindling even as energy demand is soaring, and renewables aren’t ready to do the heavy lifting of keeping the lights on around the globe.
News
March 14, 2023
ANPG, Exxon and state-owned Sonangol signed an addendum to blocks 30, 44, and 45 in the Namibe Basin to make exploration in the area more competitive. Exxon will pursue a potential exploration well in 2024 as a result of improved fiscal terms.
News
February 28, 2023
As part of the sales process, OMV will invite potentially interested parties to submit expressions of interest and binding offers. The sales process is expected to take place over the next few months.
News
February 22, 2023
The government expects oil output to increase by 250,000 bpd once the blocks covered by the agreements start producing, Oil Minister Hayyan Abdul Ghani said on local television on Tuesday.
News
February 17, 2023
To fend off climate change, the world’s biggest energy consumers are trying to reduce their consumption of fossil fuels as they transition to renewable sources. That could turn Suriname’s oil fields into stranded assets if they aren’t developed fast enough.
News
February 17, 2023
The company is on track to achieve a production rate of over 350 Kboed by the end of 2025 based on 17 sanctioned projects with the majority well into execution with committed investments, including the key projects Balder X, Johan Castberg and Breidablikk.
Article
February 2023
Worldwide E&P spending is set to increase in 2023, albeit slower than growth experienced in 2022. Spending deceleration in North America (NAM) follows a near-record NAM level in 2022. International spending’s growth will slip, due to declines in Russia.
News
February 15, 2023
The 10 exploration blocks on offer are within the producing Malay, Sabah and Sarawak basins as well as the newly opened Penyu basin. These blocks cover various geological play settings with sizeable prospects to be explored.
News
February 07, 2023
The talks come as European and U.S. companies step up efforts to extract oil and gas from the region and help make up for sanctions-related supply losses from Russia.
News
February 01, 2023
The collaboration leverages decades of experience and expertise in HPC infrastructure and solutions and opens a new chapter in the respective histories of both companies.
Webcast
Oil & Gas Forecast 2023
February 22, 2023
IPAA, Universal Pressure Pumping, Oil States, WOM
Now in its 97th year, the World Oil Forecast is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global E&P activity. Utilizing data collected from proprietary surveys of governments and operators in the U.S. and worldwide, this definitive industry report includes projections for spending and activity, worldwide drilling and production, and an analysis of political factors impacting the U.S. and international oil and gas industry. Now, more than ever this information will help market leaders make decisions relating to their businesses.
Article
January 2023
Looking for continued improvement in 2023
News
January 24, 2023
PGS will acquire 4D surveys over the Gullfaks and Gudrun fields over the summer of 2023.
News
January 23, 2023
Canacol Energy made three gas discoveries at Dividivi 1, Saxofon 1, and Chimela 1 in Colombia’s Middle Magdalena basin. The company also provided updates regarding its near-term drilling programs.
News
January 20, 2023
The delay is costing Petrobras a fortune of about $1 million a day for the rig, three helicopters, support boats and workers, according to calculations by consultancy Wood Mackenzie Ltd.
