Tecpetrol launching the development plan for Fortín de Piedra. (Tecpetrol) Exploration & Production

Tecpetrol casts a wide net in Vaca Muerta

Drilling in Argentina’s Vaca Muerta can be hit-and-miss, but local independent Tecpetrol is spreading its bets with a 150-well programme.

By The Wildcat 27 March 2017
Exploration & Production

Cyprus approves exploration contracts

The Cypriot government has approved agreements with Eni and two consortiums for the exploration of blocks 8, 10 and 6 in Cyprus’s exclusive economic zone.

21 March 2017
Exploration & Production

Failing on low-carbon agenda could strand $1.3 tln in assets – IEA

Oil and gas companies that fail to adapt to a lower-carbon energy agenda could leave $1 trillion of oil assets and $300 billion of gas assets stranded, the IEA says.

21 March 2017
Woodside’s North Rankin Complex in Western Australia. The company hopes to tap Timor Sea reserves. (Woodside) Exploration & Production

Signs East Timor softening Greater Sunrise stance

East Timor has insisted for the past five years that the Greater Sunrise fields be developed on its shores or not at all, but this commitment may be wavering.

21 March 2017
Exploration & Production

US rig count up year on year

The number of active rigs exploring for oil and gas in the United States increased by 21, to 789, for the week ending 17 March.

20 March 2017
Exploration & Production

Jobs under threat if Santos’s Narrabri CBM project is stopped

Adelaide-based Santos has said there could be job losses and closures if its $3.6 billion Narrabri CBM project in Australia’s Pilliga state forest does not go ahead.

20 March 2017
Exploration & Production

Tullow announces $750 million rights issue

Tullow Oil will issue a $750 million rights issue to pay off debts from its exploration activities in sub-Saharan Africa.

20 March 2017
Exploration & Production

US considering Eni’s plan to explore off Alaska

The United States government is considering an application by Eni to explore waters north of Alaska.

17 March 2017
Exploration & Production

Petrobras ruling may not lead to block sales

A ruling by a Brazilian court on Petrobras’s divestment programme on Wednesday may not lead to sales of company-owned blocks

17 March 2017
Exploration & Production

US proposes end to ban on fracking federal lands

The administration of United States President Donald Trump has proposed withdrawing a 2015 regulation limiting fracking on federal lands.

17 March 2017
Exploration & Production

Pertamina earmarks $190 mln to explore Mahakam Block

Indonesia’s state-run oil and gas company, Pertamina, has allocated $190 million to explore and develop the Mahakam Block in East Kalimantan.

17 March 2017
Exploration & Production

Venezuela to export gas via Shell’s Hibiscus platform

Venezuela’s state-owned PDVSA has agreed a deal with Shell and Trinidad & Tobago’s state-owned National Gas Co. to export gas to the Anglo-Dutch major.

16 March 2017
Exploration & Production

ONGC to sink $3.3 bln into ultra-deepwater UD-1 block

India’s Oil and Natural Gas Corp. will invest INR 215 billion to develop the country’s deepest gas discovery.

16 March 2017
Exploration & Production

RAK Gas starts first-ever exploration off Zanzibar

United Arab Emirates-based RAK Gas has started exploration off the Tanzanian island of Zanzibar in collaboration with the local government.

16 March 2017
Exploration & Production

Lukoil aiming to ramp up gas production in 2017

Russian oil company Lukoil is planning to increase its hydrocarbon production by 3-4% in 2017 by ramping up its gas output, the company said in a presentation.

16 March 2017
Exploration & Production

Montenegro approves Energean to explore in the Adriatic

Greece’s Energean has signed a concession contract with Montenegro to explore two offshore oil and gas blocks in the Adriatic Sea.

16 March 2017
Exploration & Production

Saudi rig count continues falling but remains high

The number of rigs targeting gas in Saudi Arabia has fallen every month since October but is still higher than before oil prices started to drop.

16 March 2017
Oil rigs in the Permian Basin, New Mexico. The area has vastly increased its oil and gas output. (PA) Exploration & Production

Explorers deserve credit for Permian renaissance

Texas-based explorers are finding new layers of permeability in the Permian Basin, allowing them to boost gas production.

16 March 2017
Exploration & Production

Daqing oilfield gas production up year on year

The Daqing oilfield produced 713 MMcm of gas in the first two months of 2017, up by 37 MMcm from the previous year.

15 March 2017
Exploration & Production

Eni expresses interest in Lebanon

Eni’s chief exploration officer, Luca Bertelli, expressed interest in Lebanon’s recently announced first licensing round at a conference in Nicosia on Tuesday.

15 March 2017
Exploration & Production

Algeria looks to beat gas production targets

Algeria expects to produce more than 57 billion cubic metres of gas in 2017.

15 March 2017

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