Exploration/discoveries
This study applies Monte Carlo simulation and an XGBoost regression model to assess the influence of various formations, geologic provinces, tectonic-plate types, and boundary conditions on hydrogen concentrations.
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
-
As Canada, Greenland, and even Norway shy away from developing their Arctic oil and gas resources, only Russia and the US remain in the game as Alaska seeks to renew interest in exploration and development of its North Slope. -
Last year’s GOM auction received high bids on just 93 blocks. Higher oil prices could attract bidders back to the planned lease sale.
-
Applications will now be reviewed, and licenses will be awarded sometime in 2022.
-
New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.
-
New find could hold up to 200 million BOE in place.
-
Rig will shift to drill Bonboni prospect before returning for Sapakara South flow test.
-
Successful sidetrack will be fast-track developed via the nearby Marlin TLP.
-
Gas flows from Shell’s first greenfield project in Trinidad and Tobago.
-
Country ceases hydrocarbon licensing to focus on greener forms of energy production
-
New reserves will likely be developed via subsea tieback
