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Exploration News

Petrobras Says to Exercise Priority Rights in Brazil Oil Auctions
Brazil >> 5/25/2017 - Brazil's state-controlled oil company Petroleo Brasileiro SA will exercise its preferential rights in two offshore pre-salt oil auctions scheduled for this year, the company said in a statement. ...
Faroe Petroleum Spuds Brasse Appraisal Well in North Sea
Norway >> 5/25/2017 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the comme...
Canning Basin Asset Swap between Buru Energy & Mitsubishi
Australia >> 5/25/2017 - Buru Energy has entered into a transformational transaction with its joint venture partners Diamond Resources (Fitzroy) (DRF) and Diamond Resources (Canning) (DRC) which are both wholly owned subsidia...
IPB Petroleum Granted Extensions to Browse Basin Permits - Farmout Available
Australia >> 5/24/2017 - IPB Petroleum has advised that the Company’s applications for a 12 month Suspension and Extension to the WA-485-P and WA-471-P exploration permits’ work programmes has been approved by the Commonwealt...
Brazil Announces Guidelines for Planning Rounds
Brazil >> 5/24/2017 - The National Council for Energy Policy (CNPE) published, in the Official Gazette of the Union, Resolution No. 10, dated April 11, 2017, which establishes the guidelines for multi-year planning of bloc...
China's CNPC to Invest $2 Billion in Peru Oil, Gas Block
Peru >> 5/23/2017 - State-owned China National Petroleum Corporation (CNPC) plans to invest $2 billion in an oil and natural gas block in southern Peru in coming years, Rafael Zoeger, the head of Peru's state energy agen...
Mexico's Oil Regulator Approves New Gulf Area for Pemex
Mexico >> 5/23/2017 - Mexico's oil regulator approved a promising new deep water block to state oil company Pemex, but conditioned the allotment on the firm developing the area with a partner that would eventually operate ...
Zama-1 Exploration Well Has Been Spudded in Mexico
Mexico >> 5/22/2017 - Premier is pleased to announce that the Zama-1 exploration well in Block 7 (Premier equity 25 per cent) in the shallow water Sureste Basin, offshore Mexico, was spudded at 0630 on 21 May 2017. This i...
Trinidad and Tobago Bid Round 2017
Trinidad and Tobago >> 5/22/2017 - Trinidad and Tobago's ministry of energy and energy industries has launched the nomination process for competitive bid round 2017. ...
Dunquin Licence (FEL 3/04) Extends to 2025
Ireland >> 5/22/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an update on Frontier Exploration Licence (FEL) 3/04, which lies in c. 1,500 m water depth in the southern Porcup...
List of Iran E&P Companies to Grow
Iran >> 5/21/2017 - An official with the Iranian Ministry of Petroleum says the list of Iranian companies eligible to be recognized as exploration and production (E&P) companies may grow. ...
Angola's Sonangol Cancels Auction for Eight Oil Blocks
Angola >> 5/18/2017 - Angola's state oil company Sonangol has cancelled an auction of oil exploration licences for eight blocks, blaming the drop in oil prices since the bidding opened. "The remarkable drop in the price of...
Uganda to Sign Exploration Deals in June & Selects Firms for Refinery Talks
Uganda >> 5/17/2017 - Uganda's energy ministry said it would award three exploration licences next month and also said it had selected two firms with whom it would start negotiations for a possible agreement to develop a p...
Faroe Petroleum Receives Consent to Drill Two Brasse Appraisal Wells
Norway >> 5/16/2017 - Faroe Petroleum has received consent to drill two exploration wells in the North Sea. Faroe Petroleum Norge AS (Faroe) is the operator for production licence 740. The licence covers blocks 31/7 and 30...
Australia Announces 2017 Offshore Petroleum Exploration Acreage Release
Australia >> 5/15/2017 - The Australian Government’s annual Offshore Petroleum Exploration Acreage Release is a key part of the Australian Government's strategy to promote petroleum exploration in Australia’s offshore waters....
Zion Oil & Gas Raises Rig Derrick in Israel
Israel >> 5/15/2017 - With the raising of the derrick, Zion Oil & Gas, Inc will commence acceptance testing in preparation for spudding its Megiddo-Jezreel #1 well, onshore Israel. ...
Petro Matad Secures Funding for 2017/18 Exploration Programme
Mongolia >> 5/8/2017 - Petro Matad secures an up to US$45.2 million investment to fund an ambitious work programme in 2017 and 2018. ...
Turkmenistan Discovers Potentially Large Gas field Near Caspian
Turkmenistan >> 5/7/2017 - Turkmenistan has discovered a potentially large natural gas field close to its Caspian coast, the Central Asian nation's state news agency reported on Saturday. ...
CNPE Publishes Resolution Authorizing for the 2nd Round
Brazil >> 5/4/2017 - The National Council of Energy Policy (CNPE) published in the Official Gazette of the Union, CNPE Resolution No. 2/2017, which authorizes ANP to hold the 2nd Round of Bids for Exploratory Petroleum Bl...
Successful Exploration in the Colombian Caribbean Deep-Water
Colombia >> 5/3/2017 - Ecopetrol S.A. (EC) reports that the Gorgon-1 exploratory well showed presence of gas in the Colombian Caribbean deep-water, in zones with depths ranging between 3,675 and 4,415 meters below average s...

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