Origin’s Spring Gully CBM development in eastern Australia. (Origin Energy) Exploration & Production

Beetaloo developers eye exemption from fracking ban

Developers are watching closely as the Northern Territory considers whether their resources will be exempt from a possible ban on fracking.

By Sally Bogle 21 July 2017
Exploration & Production

Mexico sets date for next round of deepwater auctions

Mexico has set 31 January as the date for the next round of deepwater auctions for acreage in its highly prospective Gulf of Mexico territory.

21 July 2017
Exploration & Production

Brazil to offer 287 blocks in 14th bid round

Brazil will offer 287 blocks in onshore and offshore basins in its 14th bid round .

21 July 2017
Exploration & Production

BP starts talks to sell all North Sea assets

BP has started discussions with potential buyers for its full range of North Sea assets.

21 July 2017
Exploration & Production

Asia Pacific rig count down 8% in June

India remained the most active country in the region, although its rig count fell by 9% month on month and 5% year on year.

21 July 2017
Exploration & Production

Exxon’s departure will delay East Natuna’s development

ExxonMobil’s decision to leave the East Natuna gas block in Indonesia will likely delay the development of the field by a number of years until another partner can be found.

20 July 2017
Exploration & Production

Aminex to submit Ntorya development plan in September

Aminex has announced that it will submit the development plan for the Ntorya field discovery to Tanzania Petroleum Development Corp. in early September.

20 July 2017
Vietnam is exploring for oil and gas in the South China Sea. (PetroVietnam) Exploration & Production

Opportunities as South China Sea spat simmers

Oil and gas developments are being used by Southeast Asian countries to gain the advantage in disputes with China over contested waters.

20 July 2017
Exploration & Production

Mexico will reveal deepwater blocks this week

Mexico will announce the bid terms and blocks on offer in the country’s deepwater auction this week.

19 July 2017
Exploration & Production

YPF, Total and others announce $1.15 bln Vaca Muerta investment

YPF, Total, Wintershall Energía and BP-owned unit Pan American Energy are making a joint investment of $1.15 billion to increase shale gas production in Argentina‘s Vaca Muerta formation.

19 July 2017
Exploration & Production

Statoil to test Carmen Prospect in block 6507/8

Statoil has been granted a drilling permit for one wildcat well and one pilot well in production licence PL 124 in the North Sea.

19 July 2017
Exploration & Production

Second Ichthys FPSO sets sail for Australia

The second FPSO vessel for the Ichthys field has set sail from the South Korean shipyard where it was built for the gas fields off the northeast coast of Australia.

19 July 2017
Exploration & Production

IOG submits field development plan for Blythe Hub

Independent Oil & Gas has requested authorisation from the UK Oil and Gas Authority for the development of the Blythe Hub in the southern North Sea

19 July 2017
Exploration & Production

Petrobras production up 2.9% in H1

Petrobras’s domestic and foreign oil and gas production increased by 2.9% in H1 2017 compared with the same period in 2016.

18 July 2017
Exploration & Production

Chinese gas production up 8% in H1 2017

China’s gas production increased by 8.0% year on year in the first half of 2017, to 74.08 billion cubic metres, with output in June up by 14.6%, to 11.5 bcm.

18 July 2017
Exploration & Production

Exxon leaves Indonesia gas field

ExxonMobil has walked away from the East Natuna gas field in Indonesia.

18 July 2017
Exploration & Production

Toyo Engineering to develop Salman field

Japan’s Toyo Engineering Corp. has signed an agreement with National Iranian Oil Co. and Petropars to develop the offshore Salman oil and gas field in the Gulf.

18 July 2017
Exploration & Production

Egyptian gas production to rise 50% in 2018 – petroleum ministry

Egypt’s gas production is forecast to increase by 50% in 2018 and 100% in 2020, the country’s Petroleum Ministry said this week.

18 July 2017
Contractors' margins have been squeezed since oil prices fell. (SCP Oilfield Services) Exploration & Production

Industry must evolve to avoid supply gap – Burke

Caution following the drop in oil prices is set to leave a worrying gap in oil and gas supplies, warns Ray Burke, global product leader at GE.

18 July 2017
A wellpad in the Vaca Muerta shale, Argentina. (YPF) Exploration & Production

Vaca Muerta undercuts best US plays – report

Argentina’s Vaca Muerta is outshining several US plays, but it has some way to go before it rivals the mighty Marcellus.

18 July 2017
Exploration & Production

North Dakota breaks gas production records in May

Gas production in North Dakota broke an all-time record in May, with an average of 52.5 million cubic metres per day produced.

17 July 2017

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