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Strike Energy is in the hunt for a gas prize estimated at up to 11 trillion cubic feet.
Fieldwood Energy will purchase Noble’s GoM assets in a deal valued at $710 million, including $480 million in cash and $230 million in assumed liabilities.
The Brazilian government could launch a mega-auction in June, but it needs to resolve issues regarding valuation of reserves first.
ConocoPhillips will gain 100% working interest in its 1.2-million-acre North Slope position after buying out nonop stakeholder Anadarko Petroleum.
Check out the latest activity highlights from around the world.
An understanding of rock physics is crucial for reservoir characterization.
A new software program helps operators model multiphase flow.
A research study indicated that a facies-based seismic and CSEM inversion provides useful information.
Intuitive analysis helps prevent slow or inaccurate predictions.
Maintaining discipline and patience can pay dividends in an R&D program.
Round 2.4 made 29 deepwater blocks available to international players seeking to explore and produce hydrocarbons in the Perdido, Mexican Ridges and Saline Basin areas. The tender attracted major oil companies worldwide.
With companies still in budget-cutting mode, new emerging exploration hot spots will be rare in 2018. However, some active exploration spots from 2017 will continue to be a focus this year.