First Australian Resources has signed an agreement with Shell Exploration Company to conduct an exploration program in respect of Sangomar Offshore, Rufisque Offshore and Sangomar Deep Offshore blocks off the coast of Senegal.
Exploration
FAR, Shell sign deal to conduct exploration program offshore Senegal
Petrobras Goes From First to Worst Among 10 Biggest Oil Stocks
Exxon Mobil, based in Irving, Texas, remains the world's largest company by market value. It trades at about 8.5 times estimated earnings. Houston-based ConocoPhillips and San Ramon, California-based Chevron Corp., as well as Royal Dutch Shell Plc, in The Hague, and London-based BP Plc have ratios between 4.5 and 6.5.
Mud eruption ’caused by drilling’
The eruption of the Lusi mud volcano in Indonesia was caused by drilling for oil and gas, a meeting of 74 leading geologists has concluded.
Cairn Energy bought massive find in India off Shell “for pennies”
Mike Watts, head of exploration, saw the potential in India, buying the field off Royal Dutch Shell for pennies. It is Watts who is staking investors' futures on Greenland.
‘Phenomenal’ oil and gas rights sale sets stage for exploration push in B.C.
The high-priced sale, along with Royal Dutch Shell PLC's $5.23-billion agreement earlier this week to buy a key operator in the region, Duvernay Oil Corp., highlights how hot the region is right now.
Challenge to unlock North Sea oil reserves
A high oil price can make exploration more economical but some major players in the industry, including Royal Dutch Shell, are withdrawing from the North Sea because all the easy-to-find crude has been extracted.
Shell, BP Can Explore for Oil Offshore From Alaska, Judge Rules
Shell spokesman Curtis Smith declined to comment apart from saying the ruling came after business hours. Shell plans to carry out its seismic program in Alaska this summer, he said.
Appetite for Arctic oil rises in line with crude prices
The appetite for Arctic oil has surged in line with rocketing crude prices but environmental concerns and a diplomatic stalemate stand in the way of exploration, experts say.
Storm clouds gather over the West of Shetlands, Britain’s last gas frontier
Gordon Brown has made energy a priority for his Government and in April encouraged BP and Shell to spend more in the UK. We do need the oil coming out of the North Sea; we do need to encourage the new exploration, he said.
BPZ Resources, Shell seek Peruvian joint venture
NEW YORK (Associated Press) - Shares of BPZ Resources Inc. soared Thursday after the oil and gas exploration and production company said it is in talks with a unit of Royal Dutch Shell PLC about jointly developing properties in Peru.
Bidding War for Expro International
Rising oil prices and depleting reserves at existing fields forced oil companies to seek access to oil in politically fragile locations that are harder and more expensive to reach. Some analysts expect oil companies, like Exxon Mobil, Royal Dutch Shell and Chevron, to increase their spending on exploration this year.
U.S. environmentally sensitive areas to be sacrificed for oil and gas
Mounting concerns about global energy supply are fueling a drive by the oil industry and some U.S. lawmakers to end longstanding bans on domestic drilling put in place to protect environmentally sensitive areas.
Oil cos. expect battles over polar bear listing
JUNEAU, Alaska (AP) -- The lawyers aren't clearing their calendars just yet, but the oil industry is bracing for some courtroom battles to maintain its stake in Alaska's oil-rich fields now that the Interior Department has listed polar bears as a threatened species. Shell said it's too early to tell how the ruling will effect any of the company's offshore plans.
Shell Malaysia To Invest Big On Offshore Sabah
MIRI, May 13 (Bernama) -- Shell Malaysia Exploration and Production (SMEP) says it is ready to invest a substantial amount for their exploration and production activities particularly in the development of oil wells in deepwater offshore Sabah.
Groups sue to stop seismic oil exploration in Arctic seas
The groups are challenging federal permits that allow Shell Oil Co. and BP PLC to search for oil and gas using powerful acoustic devices that have been shown, at times, to harm a variety of marine animals.
FT REPORT – WORKING IN THE OIL & GAS INDUSTRY 2008: A shift in the balance of power
Senior executives at energy companies have the upper hand over their employers. Just how much the power balance has shifted in their favour became clear earlier this month when BP and Royal Dutch Shell both announced big retention packages.