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Exploration News

Rosneft Attracts a Consortium of Japanese Companies to Undertake Joint Exploration
Russia >> 12/16/2017 - Rosneft and a consortium of Japanese companies comprising Marubeni Corporation, Japan Oil, Gas and Metals National Corporation (JOGMEC) and INPEX CORPORATION have signed a Heads of Agreement in relati...
Moulay Bouchta Extension Confirmed
Morocco >> 2/15/2017 - Gulfsands Petroleum plc, the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, announces that its subsidiary, Gulfsands Petroleum Morocco Limited ("GPML"), has been awarded ...
Grant of PPL 338 Extension & Award of New Licence PPL 581
Papua-New Guinea >> 2/15/2017 - Kina Petroleum Limited is pleased to provide an update in relation to its foreland exploration activities. Kina confirms that the PPL 338 licence has been extended for a further 5 years and that it ha...
Iran Proven Hydrocarbon Reserves more 30 Billion Barrels than 2011 Estimates
Iran >> 2/15/2017 - Iran says its proven in-place oil and gas reserves are higher by 30 billion barrels and 128 trillion cubic feet, respectively, than 2011 estimates. Director of Exploration at the National Iranian Oil ...
Venezuela Signed 8 Oil Cooperation Agreements With China
Venezuela >> 2/14/2017 - Petroleos de Venezuela, S.A. (PDVSA) ratified its cooperation with the People's Republic of China in 8 agreements as part of the XV China-Venezuela Joint High Level Commission held in the Jose Felix R...
Iran Explored 30 bln Barrels of Oil
Iran >> 2/14/2017 - Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) stated. ...
Cobalt Announces Closing of DOJ Investigation
Angola >> 2/9/2017 - Cobalt International Energy, Inc. (Cobalt) has received a letter from the United States Department of Justice (DOJ) advising Cobalt that the DOJ has closed its FCPA investigation into Cobalt’s operati...
LGO to Apply for New Production Concession for Ayoluengo Field
Spain >> 2/9/2017 - LGO provides an update on the Ayoluengo Field in northern Spain which was previously operated by its wholly owned subsidiary Compan?a Petrol?fera de Sedano, S.L.U. (CPS) until the termination of La Lo...
Lundin Granted Drilling Permit for Edvard Grieg Appraisal
Norway >> 2/8/2017 - The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/1-27, cf. Section 8 of the Resource Management Regulations. Well 16/1-27 will be drilled from the Island ...
Iran Declares Major Hydrocarbon Discoveries
Iran >> 2/6/2017 - A top Iranian oil official stated that the country has discovered 15 billion barrels of new in-place oil reserves, but around 2 billion barrels of the reserves were “recoverable”. ...
Iran to Hold Tender for Oil & Natural Gas Fields in Mid-February 2017
Iran >> 2/4/2017 - Iran will launch new contracts to develop oil and natural gas fields in mid-February in the country's first such tender since the lifting of international sanctions a year ago, an oil official said on...
GeoPark Announces New Exploration Discovery In Colombia
Colombia >> 2/2/2017 - GeoPark Limited (GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, annou...
Lundin Receives Consent for Drilling on Edvard Grieg Field
Norway >> 1/30/2017 - Lundin has received consent to carry out exploration drilling of well 16/1-27 on the Edvard Grieg field. Lundin is the operator of the Edvard Grieg field, in the North Sea, around 140 kilometres west-...
LGO Energy Fails in Bid to Extend La Lora Concession
Spain >> 1/30/2017 - LGO provides a further update on its 100% owned Spanish concession, La Lora (the Concession), in northern Spain, which is operated by its wholly owned subsidiary Compania Petrolifera de Sedano, S.L.U....
Oil Basins Suspends & Extends VIC/P47 Exploration Permit
Australia >> 1/30/2017 - Oil Basins has advised that an application to the National Offshore Petroleum Titles Administrator (NOPTA) for a suspension and extension of the duration of the Vic/P47 exploration permit has been app...
AzEire Wins Extension to Frontier Exploration Licence (FEL) 1/13
Ireland >> 1/27/2017 - AzEire Ltd. (AzEire), the Ireland focused oil and gas exploration company backed by Seacrest Capital Group, has been awarded an extension to its 100% working interest FEL 1/13 Licence (the Licence) in...
Lebanon Relaunches First Oil and Gas Licensing Round
Lebanon >> 1/27/2017 - Lebanon relaunched its first oil and gas exploration and production licensing round after a three-year delay, its energy minister said, kick-starting the development of a hydrocarbon industry stalled ...
Lebanon Relaunches Licensing Round
Lebanon >> 1/26/2017 - After the passing of the two outstanding decrees concerning the offshore exploration program, the Lebanese Minister of Energy and Water has now announced details related to a new pre-qualification rou...
Shell Gabon Operations Normal after Agreement to End Strike Action
Gabon >> 1/23/2017 - Royal Dutch Shell said its operations in Gabon were running as normal after it struck an agreement with staff, their labor union and the government to end strike action which started on Jan. 12. "The ...
China to Tender More Xinjiang Oil & Gas Blocks to Non-State Firms
China >> 1/23/2017 - China will auction about 30 oil and gas blocks in the northwestern region of Xinjiang this year to investors outside the top state energy firms, state media reported, as Beijing steps up efforts to bo...

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