Exploration
News
December 27, 2022
The combination of multisensor broadband fidelity and dual azimuth illumination provides clients with higher-quality data for their renewed exploration interest on the Norwegian continental shelf.
News
December 26, 2022
Independent oil and gas companies are recognizing Africa's tremendous promise and are finding ways to thrive here — and make a positive impact.
News
December 26, 2022
2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no shortage of ground-breaking news. Read World Oil's top news stories of 2022 here.
News
December 21, 2022
The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the area’s promising outlook and development.
News
December 21, 2022
The revised initial exploration period will now expire in January 2024. Three additional periods totaling six years are available after the current period, with further possible extensions thereafter.
News
December 16, 2022
Along with several measures to increase efficiency and recovery, these development projects will enable Aker BP's oil and gas production to grow from around 400,000bpd in 2022 to around 525,000bbl in 2028.
News
December 14, 2022
OEUK warned that the declining output from the UK’s existing fields meant continued exploration and financing were vital for the UK’s energy security. They also announced David Whitehouse as the new CEO.
News
December 14, 2022
Searcher applied its proprietary post-stack reprocessing method which rectifies navigation, metadata, amplitude, phase and time to create a regional dataset that allows for an extremely cost-effective ranking of the acreage.
News
December 14, 2022
The most recent South Sudan acquisition is set to usher in new opportunities for energy security and affordability in Africa on the back of new exploration and production drives by independents.
News
December 13, 2022
MOSAIC's intelligent framework will enable timely access, collaboration and decision support to Apache stakeholders and management in crucial decision-making activities and reserves reporting.
News
December 06, 2022
Philippine upstream oil and gas company PXP Energy Corp. is in talks with another Chinese firm for potential exploration in the South China Sea, Chairman Manuel Pangilinan said.
News
December 02, 2022
Neptune Energy and its license partners on Dec. 2 announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are between 1 to 3.5 million standard cubic meters of recoverable oil equivalents, corresponding to 6 – 22 million barrels of oil equivalent.
Article
November 2022
The recovery of U.S. upstream activity is being slowed by high costs for equipment and services, personnel issues, and supply chain shortages, including spare parts.
Article
November 2022
Politics and regulations, particularly on the federal level, affect so much of the upstream industry’s health and performance, which can lead to a muddled mess in future developments.
News
November 29, 2022
Perenco has discovered oil with an exploratory well offshore Congo-Brazzaville, raising the prospect of a new geological play, the company said on Monday.
News
November 29, 2022
Exxon Mobil’s recent discovery in Block 15 off Angola in the Bavuca South prospect adds further credence to the notion that Africa is a significant contender in future energy markets, according to the African Energy Chamber.
Article
October 2022
In U.S. land drilling, BHA selection frequently uses heuristics derived from motivations of the directional contractor as opposed to incentives for the operator. The authors propose alternatives that balance the needs of the directional company with the operator’s desire for a high-quality wellbore.
News
November 20, 2022
The area of interest in the deep-water Orange Basin is located offshore between Port Nolloth and Hondeklip Bay, about 188 km (117 miles) from the coast at its closest point, in water depths of as much as 3,000 meters.
News
November 17, 2022
Resoptima is partnering with Aker BP, Sval Energi and NORCE to develop specific solutions that will help reduce CO2 emissions associated with oil and gas asset development and production activities.
News
November 17, 2022
Waldorf is among several smaller companies seeking to acquire North Sea assets being offloaded by larger energy players, who are seeking to offload oil and gas exploration projects to raise money for renewable investments.
News
November 16, 2022
Neptune Energy and its partners said Wednesday that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea. The operations are still at an early stage, and Neptune has not determined if commercial volumes are present.
