Updated: Neptune to fast track discoveries by unlocking geoscientists’ potential with data
Oil and gas firm Neptune Energy will harness digital technology to drastically slash the length of time taken to discover hydrocarbons.
exploration
Woodmac exploration outlook: Move from ‘Big Oil to Big Energy’ under way
The move from “Big Oil to Big Energy” is under way as the energy transition puts extra pressure on explorers, an analyst has said.
ExxonMobil labelled ‘explorer of the year’ as global discoveries reach four-year high
Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Apache, Chrysaor kick off Solar exploration well in UK North Sea
Apache and partner Chrysaor have started drilling an exploration well in the UK North Sea.
OGA defends further North Sea production amid ‘considerable interest’ in 32nd licensing round
The Oil and Gas Authority (OGA) has defended the need for more North Sea production amid “considerable interest” in its 32nd offshore licensing round.
UK exploration up but success rate ‘falls off a cliff’
Exploration activity in the UK North Sea has picked up substantially since last year, but the success rate has “fallen off a cliff”, an analyst has said.
More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.
Norway: Five active operations ongoing with busy times in North Sea
Four exploration wells and one appraisal well were active in Norway at the end of September. Three wells were completed and one well spudded in September.
Total to drill Isabella exploration well this month
An exploration well is due to be drilled at the Total-operated Isabella well later this month.
Conventional discoveries reach 70-year low and unlikely to recover, new report says
Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades, and aren't expected to recover, a new report said.
Europa extends Atlantic knowledge into Morocco
Europa Oil & Gas has signed up to explore Morocco’s Inezgane offshore permit, with the aim of hunting Lower Cretaceous fans.
Soco buckles down for Egyptian work
The acquisition of Merlon Petroleum earlier this year has given Soco International a new focus, with new exploration planned in Egypt and neighbouring Israel. As such, the company is planning to change its name, to Pharos Energy.
Most North Sea wells due to spud since 2010
Westwood Global Energy Group reports that as of June 30, one exploration well and three appraisal wells were in progress in the UK. Three wells were spudded and one well was completed in July.
Six exploration wells active at end of July
Westwood Global Energy reports that there were six active exploration wells and one active appraisal well at the end of July. Since the last report, five exploration wells have spudded and six E&A wells have completed on the Norwegian Continental Shelf.
OGA launches 32nd licensing round in bid for exploration bounce back
The Oil and Gas Authority (OGA) has launched the UK’s 32nd offshore licensing round as the industry seeks to restore exploration activity.
Exploration: Oil finds in Greater Edvard Grieg area
Westwood Global Energy reports that there were five active exploration wells and two active appraisal wells as of June 25. Since the last report, six wells have spudded and four have completed.
Explorers in ‘existential crisis’ as energy transition picks up pace, Woodmac says
Explorers are in the grip of an existential crisis as the energy transition gathers pace, an analyst said today.
UK could adopt Norwegian tax system to incentivise exploration
One of the big challenges facing the UKCS is the need to increase the amount of exploration activity – the eight exploration wells drilled in 2018 represented the lowest level of activity since 1965, although there have been some notable recent successes such as the massive Glengorm gas discovery announced by Total in January and the technical success rate over recent years has averaged more than 50%.
Two sides to North Sea exploration coin, analyst says
The UK North Sea’s maturity is a double-edged sword when it comes to exploration, an analyst has said.
Smarter North Sea exploration promises big rewards
When we published our Business Outlook earlier this year, there was clear evidence of the building momentum around exploration.
Renaissance for high-impact exploration in NW Europe, Westwood Global says
North-west Europe is experiencing a renaissance in high-impact exploration, a new report said.
2019 the year exploration got its mojo back, Woodmac says
The global oil and gas exploration sector has got its “mojo” back, a new poll says.
16 exploration well projects completed
Westwood Global Energy reports that there were three active exploration wells at the time of writing(April 30).
Warwick Deep tested in West of Shetlands
Westwood Global Energy reports that at the end of April, three exploration wells were active, with two in the West of Shetlands and one in the Central North Sea.