Norwegian oil company Aker BP has secured regulatory approval from the Norwegian Petroleum Directorate to drill two wells in a block in the Norwegian Sea.Under the plan, Aker BP will drill wells 6607/12-4 and 6607/12-4 A in the production license 127 C鈥
Australian oil and gas company Far has signed new Joint Operating Agreements with Petronas related to the A2 and A5 offshore blocks in The Republic of The Gambia.This follows the granting of new licenses for those blocks by the country's government effective October 1鈥
According to Wood Mackenzie鈥檚 analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry.Andrew Pearson, vice president, upstream, said: 'This figure captures the impact of Wood Mackenzie鈥檚 downgraded鈥
Norwegian offshore seismic data acquisition company PGS has said that the first data of its Peru MegaSurvey is now available. The seismic dataset, including 2D and 3D data, is aimed at E&P companies interested in South America, specifically Peruvian coastline hydrocarbon potential鈥
The Canada-Newfoundland and Labrador 云顶赌场老虎机 Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licenses in the Eastern Newfoundland Region.Call for Bids NL20-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 17 parcels and a total of 4鈥
Norwegian oil and gas investment, a key economic driver, is expected to decline sharply in 2021 after rising less than previously anticipated this year, an industry survey by the national statistics agency (SSB) showed on Thursday.The biggest鈥
Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years, the Department of Petroleum Resources (DPR) said on Monday, despite court rulings last week that barred some of the fields from being auctioned.Marginal鈥
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.Woodmac said Wednesday its analysis was based on announcements and tracking well plans of 11 top spending NOC explorers鈥
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.The consequences could be grave for a poor country that relies鈥
Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion barrel plays. The confidence carried over into 2020 but has evaporated in the face of the Covid-19 crisis and the collapse in oil prices鈥
Malaysian oil and gas company Petronas has completed the farm-down of a 50% stake in an offshore Suriname block to a subsidiary of ExxonMobil.The offshore block, known as Block 52, is located north of the coast of Paramaribo, Suriname鈥檚 capital city鈥
Qatar's state-owned oil and gas company Qatar Petroleum has signed three farm-in agreements to acquire about 30% of Total鈥檚 participating interest in blocks 15, 33 and 34 located in the Campeche Basin, offshore Mexico.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs鈥
Nigeria will not hold 'substantive' oilfield bid rounds until prices recover, the head of the state oil company said on Tuesday in a web conference.Mele Kyari, group managing director of the Nigerian National Petroleum Corporation, also said鈥
Eni has not found oil at its Ehecatl-1 exploration well in Block 7, offshore Mexico, Cairn, a partner in the project has said.Cairn said on Tuesday operations had been completed at the Eni-operated Ehecatl-1 exploration well in the Sureste Basin鈥
Equatorial Guinea has granted oil and gas companies two-year extensions on their exploration programs, a statement from the hydrocarbons minister said.The move is an effort to keep investments flowing into the nation's energy industry amid a鈥
