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Offshore Exploration
Offshore Exploration news and technical articles from Oil & Gas Financial Journal. Search Offshore Exploration latest and archived news and articles
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Study: UK Continental Shelf activity down 35%
Offshore exploration and appraisal activity dropped by more than 35% throughout 2009, according to the latest oil and gas industry figures released by Deloitte.
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Ample reward available for early movers, fast followers
… validation costs, a company must be in a position to allocate $50 million per play. This is not too dissimilar to an offshore exploration well in the good old days, pre ultra deep. Who will provide the capital? And who will capture the economic rent …
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Weekly Update: BP continues asset reshuffle with North Sea sale
… announcing the results of its ninth NELP round and Uruguay announcing the result of their second round focusing on offshore exploration blocks. India’s ninth round included a diverse mix of assets including deep and shallow water blocks off …
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Mexico: Time for action!
… Divers One must not underestimate the knowledge accumulated in a century by Mexico's oil and gas industry. When offshore exploration was only a speck in the distance for countries such as Norway or Brazil in the 1960s, Mexico was already working …
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India Pt. 2: The Silent Revolution
… the country, and efforts of both public and private sector enterprises have recently been concentrating on the offshore exploration . With shallow water expertise steady in place, India's shores are witnessing a new round of development as …
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Weekly Update: Premier makes opportunistic grab for Encore Oil
… Libyan National Oil Company denied that the deal had even been struck. In Tanzania, two deals were reached for offshore exploration blocks prospective for gas. Royal Dutch Shell farmed into a 50% interest in Blocks 5 & 6 from Petrobras and in …
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Energy Players
… the company's vice president of exploration and development for North America and manager of the company's offshore exploration and development. Prior to joining the company in 1993, Jeppesen was vice president of exploration and development …
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Impact of BP blowout on the energy M&A Market
… canceling the proposed Virginia lease sale and the pending Western Gulf of Mexico lease sale, and delaying the planned offshore exploration in Alaska until 2011–will have an immediate impact on the industry. Oilfield service providers with emphasis …
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Satterfield to direct Hardy Oil's India exploration efforts
… plc has existing production from an offshore field in India's Cauvery Basin. Hardy also has interests in four offshore exploration blocks in India's Krishna Godavari, Saurashtra, and Cauvery Basins and one onshore exploration block in the …
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Twilight or dawn in the Gulf of Mexico?
… How do you deal with it,'" said Bromwich. BOEMRE, a division of the Interior Department, regulates offshore exploration and production and was formed after the previous regulator, the Minerals Management Service (MMS), was dissolved …