Exploration/discoveries
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…
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
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.
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Mexico’s second oil and gas lease auction has been deemed a success after three out of five shallow-water blocks were awarded in September. The awarded areas contain an estimated 236 million bbl of oil and 190 Bcf of gas. -
During the 10-year period between 2003 and 2013, Mexico drilled 30 deep- and ultradeepwater wells in water depths ranging from 512 to 2900 m.
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A Cold War technology invented to stealthily guide the United States Navy’s nuclear submarine fleet is now serving a much more peaceful purpose: aiding in the search for oil and gas deposits.
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