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Results:1 - 10 of 843 for ! Exploration and production,

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  • One of the world’s most closely watched exploration wells has come up dry. In a major setback for Pakistan’s oil ambitions, the much-awaited Kekra-01 well in the Arabian Sea turned out to be a duster.‘The dry well comes as a major blow not only for the country, but also for the companies involved. T...

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  • Somalia’s Ministry of Petroleum and Mineral Resources reports that the Petroleum Law of Somalia has completed its passage through the Parliament of the Federal Republic of Somalia. The Law ensures that any oil discovered is the sole property of the Somali people and aims to ensure the long-term deve...

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  • Total production in Canada's Montney play will likely reach 10bn cfe/d in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie. The outlook for Montney production stays positive beyond this year, with the play forecast to reach 20bn cfe/d by 2030.Much of the forecast gro...

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  • The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development was formally approved by the Norwegian Ministry of Petroleum and Energy (MPE) on 15 May, the same day construction started on the field’s second processing platform at Aibel’s yard in Haugesund.J...

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  • Eni has made a new light oil discovery in Block 15/06, deep offshore Angola. The well was drilled on the Ndungu exploration prospect, and is estimated to contain up to 250mn barrels of light oil in place, with further upside.Ndungu is the first significant oil discovery in Angola inside an existing ...

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  • A reduction in tax credits, large long-term state budget liabilities and the inability to repay investment credits may force the state of Alaska to modify its petroleum fiscal framework just a few years after its last overhaul, according to GlobalData.The company’s latest report on the region reveal...

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  • Equinor has exercised its preferential rights over Delek Group to acquire an additional 22.45% interest in the Caesar-Tonga oil field from Shell, for $965mn in cash. This will increase Equinor’s interest from 23.55% to 46.%. Anadarko remains the operator, holding a 33.75% stake, with Chevron retaini...

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  • Wood Mackenzie’s 11th annual exploration survey indicates that the oil and gas industry is optimistic for 2019, it has returned to profit and the prospects look good.The consultancy canvassed the opinions of 258 senior energy leaders and exploration professionals from across the global exploration s...

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  • A gas and condensate discovery has been made on the Akoma exploration prospect in CTP Block 4 offshore Ghana by a consortium comprising Eni (operator, 42.469%), Vitol (33.975%), GNPC (10%), Woodfields Upstream (9.556%) and Explorco (4%).  At present, gross discovered volume ranges are under rev...

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  • Chevron has said it will not increase its offer for Anadarko Petroleum, leaving the way open for the ‘superior’ $55bn cash and stock bid put forward by Occidental Petroleum.‘Winning in any environment doesn’t mean winning at any cost. Cost and capital discipline always matter, and we will not dilute...

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