Deepwater Exploration

Home>Topics>Deepwater Exploration
Refine Results
  1. All
  2. Articles
  3. Online Articles
  4. Videos
  1. BHP Billiton names GoM as a deepwater exploration focus

    Offshore staff SYDNEY, Australia – BHP Billiton provided an update on its exploratory program, outlining what it calls its “value-focused approach.” The natural resources conglomerate said it will target opportunities within oil to enhance its long-term portfolio. Speaking at Citigroup’s Mining Exploration Day in Sydney, BHP Billiton Head of Geoscience Laura Tyler said the company is focusing its exploration approach through targeted analysis and the establishment of a Geoscience Centre of Excellence. She said the company sees exploration as “a key source of value creation,” and provided an update on its multi-million exploratory program. “We are investing at a time when most in our sector continue to reduce discretionary spend,” she said. “Next financial year, we intend to invest approximately $900 million dollars in exploration, which represents 18% of our overall capital budget.  “We are also challenging existing paradigms with a scientific-based and disciplined approach to exploration. We have reduced exploration operating costs by 70% since 2013, and this year we have increased the targets tested by 44%.”  BHP Billiton’s petroleum exploration program is focused on three conventional deepwater basins in: The Gulf of Mexico The Caribbean (in Trinidad & Tobago and Barbados ) The Northern Beagle subbasin off the coast of Western Australia . “Over the last four years, we have developed a new approach to petroleum exploration that is much more focused,” Tyler said. “We have commenced drilling in Trinidad and Tobago and have secured an additional rig which will soon commence drilling in a prospective block north of our Shenzi operations in the Gulf of Mexico.” The company’s regionally based exploration teams are supported by a globally integrated geoscience team to facilitate a faster adoption of best practice and new technology. “Internal collaboration is very important and we are leveraging our petroleum business geoscience to identify prospective sediment hosted copper deposit basins,” Tyler said. “Similarly, we are adopting technology from petroleum and applying directional drilling techniques to copper exploration.” 06/27/2016 Share your news with Offshore at news@offshore-mag.com

    Online Articles

    Online Articles

    Mon, 27 Jun 2016

  2. Hollek, Leyendecker part of EVP reshuffle at Anadarko

    Anadarko Petroleum Corp., Houston, has appointed Darrell Hollek as executive vice-president, operations, and Ernie Leyendecker as executive vice-president, international and deepwater exploration .

    Online Articles

    Online Articles

    Tue, 23 Aug 2016

  3. Oil Search, ExxonMobil farm into CNOOC exploration permits

    Oil Search Ltd., of Sydney and Port Moresby, has refocused its attention offshore in the Gulf of Papua in a bid to explore areas with potential to support the company’s expanding LNG portfolio. Its Papua New Guinea LNG (PNG LNG) joint-venture partner, ExxonMobil Corp., also has joined the project.

    Online Articles

    Online Articles

    Tue, 13 Sep 2016

  4. TGS, ANCAP to assist Uruguay’s exploration drive

    Uruguay’s president has authorized the country’s Ministry of Industry, Energy and Mining to allow ANCAP to contract directly with TGS for commercialization of a multi-client well data program for exploration wells in Uruguay.

    Online Articles

    Online Articles

    Tue, 6 Sep 2016

  1. Anadarko Petroleum makes leadership changes

    Online Articles

    Online Articles

    Tue, 23 Aug 2016

  2. Oil & Gas News: Anadarko announces leadership changes

    Oil & gas company Anadarko announced that Darrell Hollek has been named EVP of Operations with responsibility for the company's U.S. onshore exploration, production and midstream activities, along with its GOM and international operations.

    Online Articles

    Online Articles

    Wed, 24 Aug 2016

  3. Teachers bring deepwater exploration to classrooms through CITGO STEM Academy

    Houston-area educators were introduced to members of the Nautilus Corps of Exploration from the Ocean Exploration Trust for an opportunity to learn innovative ways to engage their students in science, technology, engineering and mathematics (STEM) concepts.

    Online Articles

    Online Articles

    Tue, 14 Jun 2016

  4. ConocoPhillips agrees to sell deepwater Senegal interests to Woodside

    Woodside Energy has agreed to buy ConocoPhillips’ entire interests offshore Senegal for $350 million, plus a completion adjustment.

    Online Articles

    Online Articles

    Thu, 14 Jul 2016

  5. ConocoPhillips posts $1.1-billion net loss in second quarter

    Houston independent ConocoPhillips Co. reported a second-quarter net loss of $1.1 billion, down from a second-quarter 2015 net loss of $179 million.

    Online Articles

    Online Articles

    Thu, 28 Jul 2016

  6. Kosmos Energy drills second ultra-deepwater exploration target offshore Mauritania

    Kosmos Energy expects to issue results from its second exploration well offshore Mauritania next month.

    Online Articles

    Online Articles

    Wed, 28 Oct 2015

  7. PTTEP teams up with BG for deepwater exploration blocks offshore Brazil

    PTTEP has agreed on a farm-in to four deepwater exploration blocks in a frontier basin offshore Brazil.

    Online Articles

    Online Articles

    Tue, 8 Apr 2014

  8. BHI: US oil, overall rig counts creep up; firms plot second-half activity

    Thanks to another rise in oil-directed units, the US drilling rig count barely held on to its recent upward momentum during the week ended July 29. The modest increase comes during a week in which many US exploration and production firms outlined second-half drilling plans in second-quarter ...

    Online Articles

    Online Articles

    Fri, 29 Jul 2016

Get More Results