Westwood Global Energy Group, oil and gas exploration, Keith Myers, Kosmos Energy, drilling, Guyana, Suriname

Exploration is expected to rise this year with activity centered on the Gulf of Mexico, Caribbean and Atlantic margins, a report shows.

New developments in geoscience and regional understanding can help reduce risk.

Check out the latest international news highlights.

Some of the world’s most prolific basins were discussed at a recent conference.

Check out the latest activity highlights from around the world.

Land & Leasing

Ophir Plc has entered into a farm-out agreement with Kosmos Energy (NYSE: KOS) covering the EG-24 exploration license in Equatorial Guinea, the company said on May 14.

Shell signed an underwriting agreement for the sale of its entire stake of 97.6 million shares in Canadian Natural, the company said in a statement.

A subsidiary of the New York-based E&P reached an agreement with an ExxonMobil affiliate to acquire a 15% participating interest in offshore Guyana's Kaieteur Block.

Libya had not given the required formal approval to the Total-Marathon deal, meaning it could be blocked, the source added.

BHP reiterated it expected bids for its U.S. shale assets by June and added that transactions could be announced in the first half of the 2019 financial year.

Reservoir Evaluation

microseismic, reservoir, 3-D, oil, MicroSeismic Inc., seismic

A true understanding of the subsurface requires integration and ingenuity.

shale, gas, oil, Energy Information Administration, Kazakhstan, EIA, Chad, United Arab Emirates, Oman

Chad, Kazakhstan, Oman and the United Arab Emirates are believed to have vast shale resources capable of boosting production and adding revenue. However, economics could stand in the way.

Real-time 3D visualization can enable enhanced well planning, reservoir navigation and drilling optimization.

Wildcats & Stepouts

Shell, Gulf of Mexico, deepwater, divestment, Ben van Beurden, Fort Sumter

News of a deepwater Gulf of Mexico discovery is made as the company reports falling profits and growth priorities.

Chevron’s $28.5 billion upstream capital and exploratory budget for 2012 includes about $3 billion for exploration and $9 billion for LNG projects.