UK-listed Advance Energy has successfully raised the capital to acquire a 50% stake in the Buffalo project off East Timor. Drilling at the redevelopment project later this year is targeting a potential oil bonanza.
Beijing is expected to keep harassing oil and gas operations in disputed areas of the South China Sea this year, particularly offshore Malaysia.
CGG today launched its Gippsland ReGeneration 3D reprocessing project in Australia’s Gippsland Basin, in South-East Australia.
The Oil and Gas Authority (OGA) has once again released new data in an effort to attract and incentivise North Sea exploration.