Exploration & Production

Most-active explorers in Asia Pacific reduce rig count

Gas exploration activity fell by 4% month on month in July as the major explorers cut rig numbers.

By Andrew Walker 18 August 2017
Exploration & Production

Dow Chemical renews Vaca Muerta JV with YPF

Dow Chemical is reviewing its joint venture with Argentine state-run giant YPF in the country’s Vaca Muerta shale formation.

21 August 2017
Exploration & Production

Colombia’s gas output drops in July

Colombia produced an average of 24.81 million cubic metres per day of gas in July, down by 2.2% month on month and 12% year on year.

21 August 2017
Exploration & Production

Comperj gas plant tender attracts only five foreign bidders

Only five foreign companies are involved in consortiums submitting bids to build a giant gas processing plant at Brazil’s Comperj industrial project.

21 August 2017
Exploration & Production

Wellesley Petroleum obtains drilling permit in Norway’s North Sea

Wellesley Petroleum has received a drilling permit for well 33/9-22 S in production licence PL 881 in the North Sea.

21 August 2017
Exploration & Production

US manufacturer group warns against LNG exports

The Industrial Energy Consumers of America has warned the US will consume 60-70% of its gas reserves by 2050 if all permitted LNG export facilities are built.

18 August 2017
Exploration & Production

Statoil receives approval for Valemon field work

Statoil has received authorisation from the Petroleum Safety Authority Norway to drill and complete the Valemon field.

18 August 2017
Exploration & Production

Nepal and China sign agreement on oil and gas exploration

Nepal signed an agreement with China to carry out a feasibility study to explore for oil and gas.

18 August 2017
Exploration & Production

Greenpeace activists attempt to stop drilling at Statoil well

Greenpeace activists entered the safety zone around Statoil’s Songa Enabler rig at the Korpfjell well in Norway on Thursday in an attempt to halt the drilling.

18 August 2017
Exploration & Production

Bid submitted for Hawiyah gas plant

Saudi Aramco has received bids from engineering companies to expand the Hawiyah gas plant.

17 August 2017
Exploration & Production

Petrobras oil and gas output down 2.49% in July

Petrobras’s oil and gas output fell by 2.49% in July compared with June, to 2.74 MMboe/d.

17 August 2017
Exploration & Production

Gulf of Mexico lease sale generates $121 mln in high bids

Gulf of Mexico Lease Sale 249 generated $121.14 million in high bids for 90 blocks covering more than 202,000 hectares.

17 August 2017
Exploration & Production

Chinese oil and gas investment rises 12.6% over 2012-2016

China’s investment in oil and gas exploration rose by 12.6% between 2012 and 2016 compared with the previous five-year period

17 August 2017
Exploration & Production

Fuling shale sets new output record

Sinopec’s Fuling shale gas project in southwest China’s Chongqing municipality set a new output record of 532 MMcm in July.

17 August 2017
Exploration & Production

India fines KG-D6 partners over missed production targets

India’s federal government has issued a fine of $264 million to Reliance Industries and its partners in the KG-D6 field for producing less than the targeted amount of gas.

17 August 2017
Exploration & Production

UK shale gas unlikely to be economic – study

The UK’s most-promising reservoirs of shale gas are unsuitable for production, a study conducted by Scotland’s Heriot-Watt University has said.

17 August 2017
BP's Savonette platform offshore Trinidad. (BP plc) Exploration & Production

BP’s Juniper project brings relief to Trinidad

BP could be providing 40% more gas in the country by the end of 2017 compared with 2016, thanks to the Juniper project.

17 August 2017
Exploration & Production

Pence praises US investment in Argentina

The US VP has praised recent investments by US companies in Argentina, including Exxonmobil’s and Chevron’s involvement in the Vaca Muerta shale.

16 August 2017
Exploration & Production

Statoil commences drilling in North Sea Verbier prospect

Statoil has started drilling at well 20/05b-13 on its P.2170 licence and Blocks 20/5b & 21/1d at the Verbier prospect in the UK North Sea.

16 August 2017
Exploration & Production

PetroChina’s Tarim oilfield supplies 12.3 bcm to WEP I

PetroChina’s Tarim oilfield supplied 12.3 bcm of gas to China’s first West-East Pipeline in the first half of 2017.

15 August 2017
Exploration & Production

Ecopetrol to focus E&P on Colombian unconventionals

State-run Ecopetrol plans to focus its exploration efforts on unconventional deposits in central and northern Colombia.

15 August 2017

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