Catégorie Exploration

Shell moves to resume Arctic drilling

Royal Dutch Shell on Wednesday filed a formal exploration plan for the Arctic waters north of Alaska, marking an important step forward for its ambition to drill next summer what will be the world’s most closely watched oil well. The plan for multiple wells in the Chukchi Sea off the northwest coast of Alaska was […]

Uganda seeks investor to build $2.5 billion oil refinery

Uganda is looking for a lead investor to develop a refinery estimated to cost $2.5 billion, two weeks after issuing its first production license to China National Offshore Oil Corp. as it seeks to exploit reserves. The investor, either a company or a group of them, will be named by April and will take an […]

Chevron quits Lithuania shale gas exploration tender

U.S. energy major Chevron has pulled out after winning a tender to explore for shale gas in Lithuania, blaming changes to laws which have made it less attractive. Lithuania called the shale gas exploration tender hoping to become less reliant on gas from its former Soviet master, Russia. Chevron was the only bidder to explore […]

North Africa may be the world’s next big shale prospect

North Africa may be “the next big opportunity” after North America for oil and gas production from shale, if drilling costs can be reduced, said Repsol (REP) SA Geological Studies Director Eduardo Negri. “Repsol has conducted a regional study covering the whole Saharan Platform in order to identify prospective areas for shale gas and oil […]

Ecuador’s Congress OKs oil drilling in Amazon Park

Lawmakers in Ecuador on Thursday authorized the extraction of oil from Yasuni National Park, a pristine Amazon reserve. After a 10-hour debate, a loyalist congress approved President Rafael Correa’s plan by a 108 to 25 margin, with four legislators absent. Correa in August announced that he was abandoning a unique plan to persuade rich countries […]

Statoil in major oil find off Newfoundland coast

Statoil, the Norwegian oil major, has made its largest discovery outside of Norway with a big oil find in the Bay du Nord off the coast of Newfoundland. Tim Dodson, Statoil’s head of exploration, said it affirmed the company’s reputation for exploration success. “Year-to-date we are the company that’s found the most volumes this year,” […]

Ukraine region approves Chevron shale gas deal

Ukraine’s government on September 20 moved closer to a new shale gas deal for the country when a regional council approved its draft for a production-sharing agreement with U.S. energy company Chevron. Deputies in the western Ivano-Frankivsk region had sent the draft back to the government a month ago, pressing for guarantees that the environment […]