Page 5 - Offshore Exploration News Today

Oil and gas exploration and production companies in the North Sea are set to miss out on billions of dollars of cash after the UK implemented a windfall tax on energy firms to tackle the rising cost of living.

CSA Ocean Sciences Inc. announced the conclusion of an Environmental Assessment Program for a major offshore energy operator in Block 58, a 5,841 km2 area approximately 115 km (71 mi) offshore north Suriname in South America.

African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines.

Tullow Oil Plc agreed to acquire Capricorn Energy Plc in an all-share deal combining resources in Africa and opening up opportunities for expansion across the continent.

This achievement further establishes the company as a strategic player in the international energy sector and marks a 22% increase in production from 2021.

CSA Ocean Sciences Inc. announced the conclusion of an Environmental Assessment Program for a major offshore energy operator in Block 58, a 5,841 km2 area approximately 115 km (71 mi) offshore north Suriname in South America.

Oil & Natural Gas Corp.’s profit rose 32% in the fourth quarter but missed estimates as an increase in government levies ate into the gains from soaring oil prices after Russia’s invasion of Ukraine.

Latest analysis from Westwood Global Energy Group reveals that, in spite of challenges due to COVID-19 and the accelerating energy transition, high impact oil and gas exploration drilling in 2021 maintained its momentum.

Latest analysis from Westwood Global Energy Group reveals that, in spite of challenges due to COVID-19 and the accelerating energy transition, high impact oil and gas exploration drilling in 2021 maintained its momentum.

With six blocks under exploration and another licensing round underway, The Gambia is following on the heels of both Senegal and Mauritania as the MSGBC region embraces the boom of a revitalized oil and gas industry.