Egypt's state gas company EGAS said in a statement it had awarded one license to Britain's BP and one to Italy's Edison. A consortium involving BP and Eni's Egyptian subsidiary had also picked up a block as had another consortium involving Eni, BP and France's Total.

China, shale, drilling, gas, CNPC, PetroChina, Sinopec, EIA

Chinese companies’ shale development effort comes as slumping commodity prices have caused others to lay down rigs and forgo completions in the U.S. and pull away from emerging shale plays elsewhere.

oil, exploration, discoveries

Discoveries continue to be made, but the industry’s track record is showing signs of weakness.

mexico, round one, second phase, oil, production, Gulf of Mexico

Three of five Gulf of Mexico blocks offered were awarded during the second phase of Mexico’s Round One.

Shell, drilling, offshore, Arctic, Alaska, Burger, exploration

Shell has spent about $7 billion on exploration in the waters off Alaska so far and said it could take a hit of up to $4.1 billion for pulling out of the Chukchi Sea for the "foreseeable future".