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The largest winning bid was a $339 million joint offer by Statoil and Total for Cobalt’s 60% operated interest in the North Platte discovery.
The perception is that regulatory hurdles make California a difficult place for producers to thrive, but good opportunities are often overlooked.
The basin continues to gain attention following the historic Zama and Amoca discoveries in 2017, which came about 40 years after the game-changing Cantarell supergiant oil field find.
An ONGC Ltd.-led consortium is chasing hydrocarbon leads in the shallow waters of the MB-OSN-2005/1 Block, located in the Mumbai Offshore Basin near Saurashtra, after two exploration wells hit oil and gas.
The game has changed because of newer, more efficient technology.
A nodal recording unit with a unique form factor leads to improvement in coupling and vector fidelity on land seismic surveys.
Check out the latest activity highlights from around the world.
Major discoveries have been announced in the past few months. Can this success persist?
The 15th bidding round on March 29 raised more than 8 billion reais (US$2.42 billion) in signature bonuses.
All eight of the blocks in the Southeast Basin received bids during Mexico's shallow-water Round 3.1, the last bidding round before the country's July presidential election.
The Australian Petroleum Production & Exploration Association (APPEA) said the report should encourage the immediate suspension of the hydraulic fracturing moratorium in the Northern Territory.
Eni is starting a new chapter in its exploration strategy, targeting 2 Bboe of new equity resources with plans to drill about 115 wells in more than 25 countries through 2021.