BP cuts oil exploration team down to fewer than 100 people – report
BP has made significant cuts to its oil exploration team, reduced to less than 100 people compared to a peak of over 700 before Bernard Looney's tenure, according to a news report.
oil exploration
Energy Voice’s essential Guyana Playbook is now available
Guyana is the world’s most exciting frontier oil and gas exploration area. There’s a lot of oil, it’s good quality and it’s relatively cheap to produce. It has attracted a host of major players, including Hess, CNOOC, Total, Repsol, Qatar Petroleum, Tullow and, above all, ExxonMobil.
88E Preparing for Maiden Drilling of 1.6 Billion Barrel North Slope Project
88 Energy Ltd (ASX 88E; LON 88E) this week executed its drilling contract to drill the Merlin-1 and Harrier-1 wells for Project Peregrine on the North Slope of Alaska.
88 Energy Prepare for a Farm out on Billion Barrel Plus Alaskan Project
Alaska’s North Slope basin has a long history of successful oil discoveries — recent discoveries have included the two largest conventional oil discoveries onshore North America in over 40 years.
BHP Billiton targets deepwater plays as part of $900million exploration push
BHP Billiton said on Monday it will spend $900 million, or 18% of its capital budget, in exploration next financial year.
Bahamas passes island petroleum bill
Bahamas Petroleum Company shares jumped after the islands' senate passed the Petroleum Bill that allows a framework for exploration operations.
Iraq licence bidding soon
Resource-rich Iraq's fifth licensing round for oil exploration will be held in the next few months and will involve 10 oil blocks, according to the Opec member’s oil minister.
Noble Energy steps into Falklands
Interest in Falkland Islands oil exploration rose today after US oil firm Noble Energy agreed a deal to take control of licenses from explorer Falklands Oil and Gas.
Greenpeace out to block Arctic resources exploitation
Environmental pressure group Greenpeace has launched a worldwide campaign to have the Arctic declared a sanctuary.
Don’t be afraid of investing in Falklands, Scots firms told
Scottish companies should have no fears about investing in oil exploration and production in the Falklands, a business leader from the islands said yesterday.
Threat from Buenos Aires
Argentina's Foreign Ministry is planning legal action against all companies involved in oil exploration offshore the Falkland Islands, which Argentina terms the Islas Malvinas and claims as part of its territory.
Barents on the explorer’s licence shopping list
Increased interest in oil exploration in the Barents Sea offshore Norway has seen a record number of blocks nominated for inclusion in the country's next licensing round.
Maersk Oil in new Brazilian venture
DENMARK'S A.P. Moller-Mærsk yesterday announced a £1.56billion Brazilian acquisition.