Exploration/discoveries
In the next 3 to 5 years, South America and the Middle East will lead global investment, driven by greenfield developments, exploration, and midstream infrastructure. Brazil’s growth is fueled by deepwater pre-salt projects, while the Middle East focuses on gas and LNG, especially in Qatar, Saudi Arabia, and the UAE.
This is DNO's tenth significant find in the hotspot area offshore Norway.
Discovery yields the largest hydrocarbon column to date in the Dussafu Marin license offshore Gabon.
-
Chinese firms stepped in for the majors in Brazil’s two underwhelming offshore auctions. -
The Caribbean nation hopes the auction will lead to at least two exploration projects in a region that has become increasingly attractive thanks to new discoveries and investments made in neighboring countries.
-
The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”
-
This new development is the first to recover commercial quantities of oil in the UK from reservoirs that are generally considered non-productive.
-
Schlumberger introduced the GAIA digital exploration platform, which it says enables exploration teams to rapidly discover and access basin-scale data and manage their exploration opportunities.
-
The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields.
-
The discovery is world’s third-largest natural gas discovery in the past 2 years.
-
A Florida appeals court has approved exploratory oil drilling in the Everglades, prompting worries about Miami’s water supply and risks to the wetland ecosystem.
-
The second round will offer 19 offshore blocks clustered in five zones to continue natural gas development in the eastern Mediterranean’s Levant Basin.
-
The national oil company’s aim to lift oil and gas production and reserves over the next few years will rely on growth from big international projects, including those in Nigeria, Guyana, and the US.
