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Oil & Gas Exploration News
November 28, 2008
Kazmunaygaz and Socar working on Caspian Transportation System - Kazakhstan
The State energy companies of Azerbaijan and Kazakhstan, Socar and KazMunaiGas, respectively, have agreed on the basic principles of a project ... more
November 28, 2008
ExxonMobil to explore deep waters offshore Turkey
The deepwater Black Sea is getting another major player now that ExxonMobil and Turkiye Petrolleri A.O. (TPAO) have signed an agreement to explore ... more
November 27, 2008
Sapetro finally to drill Block 1 - Benin
Since 2006 Nigerian explorer South Atlantic Petroleum Ltd (Sapetro) has voiced intentions to drill near-field exploration in Block 1, around ... more
November 27, 2008
Gulfsands finds oil in Yousefieh 1 - Syria
Having earlier reported oil shows in the Cretaceous, Gulfsands Petroleum has now concluded the Yousefieh 1 new field wildcat in Block 26, north-east ... more
November 26, 2008
Rift Oil Plc upgrades PPL 235 reserves – Papua New Guinea
Around the middle of November 2008, Rift Oil revealed the results of a new structural interpretation and resources estimate for PPL 235 based ... more
November 26, 2008
Sterling scores at first well in northern North Sea – United Kingdom
A 34m oil column has been encountered in the Upper Jurassic at a wildcat operated by Sterling Resources on the Cladham prospect ... more
November 25, 2008
Sinopec well demonstrates potential of Yuanba area - China
Sinopec has penetrated a reservoir at a Sichuan Basin outpost that is said to be much better than that in the Yuanba 2 discovery. ... more
November 25, 2008
Argentina proposing tax breaks for oil and gas companies
Argentine President Cristina Fernandez de Kirchner has introduced a new program to give tax breaks to oil and gas companies that either increase ... more
November 24, 2008
Nexus awarded 100% stake in WA-424-P - Australia
Nexus Energy has been awarded exploration permit WA-424-P, in the Browse Basin, offshore Western Australia, a move that is seen as strengthening ... more
November 24, 2008
Iceland and Norway sign bilateral agreement
In anticipation of Iceland's planned licensing round, the foreign ministers of Iceland and Norway have signed a bilateral agreement on cross-boundary ... more
November 21, 2008
ENI sticks with offshore option for Goliat - Norway
Eni has now confirmed that it has submitted the Impact Assessment plan for Goliat and that oil production will be through subsea wells linked ... more
November 21, 2008
Seismic focus off Western Australia
Geoscience Australia began acquiring 619km of 2D seismic over vacant acreage in the Gawler, Officer, Musgrove and Amadeus basins, on 3 November ... more
November 20, 2008
DWM Petroleum AG gains more onshore acreage - Albania
DWM Petroleum, a wholly owned subsidiary of Switzerland based Manas Petroleum, has signed Production Sharing Contracts (PSC) for Blocks 2 and ... more
November 20, 2008
Hints of windfall tax impacts NELP VII - India
A report in the Economic Times of India suggests India's Petroleum Ministry has informed the Prime Minister's Office that it is considering the ... more
November 19, 2008
Encouraging response to 2008 Bid Round - Colombia
Colombia’s state licensing agency National Hydrocarbon Agency (ANH) has announced the results from the 2008 Colombia bid round. ... more
November 19, 2008
Noble Energy and Zion plan exploration wells - Israel
Some interesting if not strategically important wells are set to be drilled in Israel over the coming months starting with an offshore wildcat ... more
November 18, 2008
Gazprom to spud high profile wildcat - Venezuela
It is understood that Russian explorer Gazprom will shortly spud the high profile Coral 1X new field wildcat (formerly Corocoro Prospect) in ... more
November 18, 2008
Aker ASA enters Ghana with license award - Ghana
In what may be seen as a new strategic orientation for the company, Aker ASA has been awarded the South Deepwater Tano exploration permit offshore ... more
November 17, 2008
Petronas finds gas in Banda Est 1 - Mauritania
Based on the results of the latest appraisal well on the Banda field, it looks as though the significant gas reserves will be confirmed. ... more
November 17, 2008
NIOC to drill Sala prospect "soon" - Iran
Mahmoud Mohaddes, Director of Exploration at the National Iranian Oil Company (NIOC) has revealed that the drilling of new exploration well at ... more
November 14, 2008
Total boosts acreage portfolio with two deals - Nigeria
Total has launched its upgrade project for OML 58 in the Rivers State area, central Niger Delta that will develop 280 MMboe of proved and probable ... more
November 14, 2008
Pemex results again underline production decline - Mexico
At the end of October 2008, the Mexican Federal Government published the third quarter 2008 results of Pemex, which made clear the downward trend ... more
November 13, 2008
Total makes another HPHT discovery on Block B - Brunei
Total has made it two for two on its offshore Block B in the South China Sea, encountering gas in two zones, including a HTHP formation. ... more
November 13, 2008
Norwood Resources unsuccessful at Pacific Coast wildcat - Nicaragua
Norwood Resources has completed testing its wildcat on the Oklanicsa Block in the Pacific Coastal Basin was terminated on 23 October after recovering ... more
November 12, 2008
Kashagan partners resolve equity positions - Kazakhstan
At the end of October 2008, Kazakhstan and the members of the North Caspian PSA (Kashagan) consortium signed a final agreement settling their ... more
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