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Exploration & Development

The world's top five countries with highest natural gas reserves Natural gas is one of the important fossil fuels that is available abundantly in the earth. It is a naturally occurring hydrocarbon gas mixture consisting mainly of methane. About 80% of the world's total proven natural gas reserves are in ten countries. While the Middle East holds the largest proved reserves by region, Russia is the largest reserve holder by country.
Oil & Gas > Exploration & Development > News
Schlumberger to buy majority stake in Eurasia Drilling By EBR Staff Writer
Schlumberger has agreed to acquire 51% stake in Eurasia Drilling Company (EDC) for an undisclosed sum.
Oil & Gas > Exploration & Development > News Subsea 7 awarded contract extensions offshore Brazil Subsea 7 announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil.
Oil & Gas > Exploration & Development > News
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Latest Exploration & Development News and Insight

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Horizon Oil expands acreage in Western Foreland fields, Papua New Guinea
By EBR Staff Writer
Horizon Oil has significantly expanded its acreage in Western Foreland fields, Papua New Guinea.
Oil & Gas > Exploration & Development > News
Independent Oil and Gas submits Blythe Hub field development plan to OGA
Independent Oil and Gas (IOG) has submitted a field development plan (FDP) to the UK-based Oil and Gas Authority (OGA) for the Blythe Hub.
Oil & Gas > Exploration & Development > News
Suretank supplies helifuel system to shelf drilling
Suretank, the world's leading provider of engineered solutions to the offshore oil and gas industry, has manufactured and delivered specialised helifuel re-fuelling tanks and jettison skids for two platforms in the Gulf of Thailand.
Oil & Gas > Exploration & Development > News
Zion Oil & Gas drilling operations exceed one mile depth in Israel
Zion Oil & Gas continues active drilling operations at its Megiddo-Jezreel #1 well in Israel. Zion has reached a depth of approximately 5,345 feet (~1,629 meters) toward a proposed total depth of up to ~15,000 feet.
Oil & Gas > Exploration & Development > News
Quadrant signs rig contract to drill Phoenix South-3 well offshore Australia
By EBR Staff Writer
Quadrant Energy has signed a contract with Transocean to drill the Phoenix South-3 well located in the Bedout basin offshore Western Australia.
Oil & Gas > Exploration & Development > News
Total, YPF, BP unit to invest $1.15bn in Vaca Muerta shale formation
Argentina's state-run oil firm YPF, France's Total, Wintershall Energía and BP unit Pan American Energy have announced a joint investment of $1.15bn to increase shale gas production from Vaca Muerta.
Oil & Gas > Exploration & Development > News
Dana Gas To Use AGR Software For Deep Water Exploration In Egypt
AGR Software team have signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of P1 software.
Oil & Gas > Exploration & Development > News
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