Exclusives

ExxonMobil, Guyana, Payara, oil, Liza, offshore, discovery

To better gauge resource potential, ExxonMobil said the discovery is being evaluated with two sidetracks drilled. A well test is underway.

Gulf of Mexico, W&T Offshore, oil, discovery, Mahogany

Advanced seismic data helped the company discover additional pay.

seismic, BOEM, permit, Atlantic, geological, geophysical, oil, gas, API, NOIA

The move followed the federal government’s decision to remove the Mid-Atlantic and South Atlantic Planning Areas of the Atlantic Ocean from the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.

The first 3-D seismic survey ever shot offshore Newfoundland and Labrador has delineated a new Lower Tertiary play.

Reduced exploration budgets have seriously harmed the sector.