Total, Petrobras, Brazil, Santos, Maxime Rabilloud, Iara, Lapa, offshore

The French oil major looks to strengthen its portfolio with the Iara and Lapa fields.

The downturn may have pushed oil and gas companies closer to technology as they move toward more cost-effective and operationally efficient subsea developments. But robotics could help lead to further improvements.

Mexico makes history with its first deepwater contracts with private operators, including BHP Billton, Chevron and Inpex. What does it mean for exploration on the Mexican...

Monetization might be challenged if more large discoveries are made.

Australia, offshore, equipment, subsea, technology, Wood Group, Woodside, Shell, PTTEP, Inpex, JIP

The companies are part of a Wood Group-led joint industry project launched to eradicate the degradation of subsea equipment in shallow, warm waters offshore Australia.

Israel, Leviathan, gas, Mediterranean, offshore, Noble Energy, sanction, FID

The company and partners have agreed to spend $3.75 billion for the development, which is set to begin production in 2019. Noble's share is $1.5 billion.

Petrobras, presalt, deepwater, oil, Bbbl, offshore

With over half a dozen operating FPSO units and more coming, Petrobras’ presalt production has soared, putting the company at an advantage to develop presalt riches.

Israel, Leviathan, gas, Mediterranean, offshore, Noble Energy, Dave Stover, Keith Elliott

Spending in the Eastern Mediterranean, including development costs for Leviathan offshore Israel, makes up more than 20% of Noble Energy’s 2017 capital program.

Statoil, costs, breakeven, technology, offshore, Johan Castberg, oil, Margareth Øvrum

The company has initiated cost-saving measures and tackled drilling efficiency among other areas while working toward its goal of developing a remotely operated factory.

Suriname, Tullow Oil, exploration, oil, Guyana, South America, offshore

The London-based company is gearing up to drill the Araku prospect offshore Suriname and start seismic campaigns, including offshore Guyana updip of ExxonMobil’s Liza discovery.

Diamond Offshore, drilling, oil, Barclays, analyst

The sector has benefited from OPEC’s production cut, analysts say, but declining demand remains.

Exploration Briefs For Feb. 2

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