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The country is looking for long-term partners as part of a farm-in application process, with U.S. companies working to attract investors.
The company forecasts economic growth in developing countries to lead the way for energy consumption while oil and natural gas become the dominant resource by 2040.
Aiming to boost the onshore industry, Brazil’s government wants to triple its output.
A string of oil discoveries, such as Johan Castberg, Wisting and Alta/Gohta, in recent years has added to the attractiveness of the Barents Sea.
Goldman Sachs forecast $55 to $60 oil for 2017, while Bernstein determined that the D-J Basin works in that range.
The country aims to increase domestic oil and gas exploration, development and production, while reducing its reliance on imports, to meet growing demand.
Project aims to enhance recovery through better rock physics understanding.
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.
New biological methodologies are being tested to improve the success rate in challenging fields.
Canada-based Renaissance Oil Corp. teams with Russian giant Lukoil to kickstart shale exploration in Mexico’s Amatitlián Block.
A report shows that the number of oil and gas discoveries in 2016 plummeted to levels not seen since the Second World War.
The country’s first auction of 2017 will offer onshore areas. The government will also auction post-salt and presalt areas.