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Norway offers a record number of 75 new offshore exploration leases

Norway delivered a record seventy-five new offshore oil exploration leases to energy firms in the recent bidding round.

read more... 17/01/2018

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The exploration expenses of the big oil companies decline for the fifth year in a row

Despite the strongest beginning for oil prices in the last four years, the major oil companies in the world are not very eager to hasten the search for new resources as their willpower to retain capital discipline surpasses the hope of making successful discoveries.

read more... 05/01/2018

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Shell launches oil exploration tests in Brazil

Shell launches oil exploration tests in Brazil

read more... 28/11/2017

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Prospex Oil and Gas discovers gas in Romanian reservoirs and might launch production in Q2 2018

Prospex Oil and Gas based in the UK declared it has made a finding at its Bainet-1 well on the Suceava concession in Romania and might launch exploration in the second quarter of 2018, as announced by the operator of the well, Raffles Energy.

read more... 28/11/2017

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Eni draws its attention to Crete oil and gas exploration

Italy’s Eni is examining Crete’s sites as Greece intends to initiate its offshore oil and gas development.

read more... 10/10/2017

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