Deepwater Exploration

  • Mexico Slowing Deepwater Oil Auctions

    Mexico Slowing Deepwater Oil Auctions

    Thursday, 28th January 2016
    Mexican regulators announced that they would continue easing the pace of oil auctions on deepwater and shale production for private investors - in line with the country's controversial energy reform - due to oil prices slump.
  • Myanmar Offshore Blocks Awarded to Shell, Mitsui

    Myanmar Offshore Blocks Awarded to Shell, Mitsui

    Thursday, 12th February 2015
    Mitsui Oil Exploration Co. Ltd. has succeeded in a joint bid in the Myanmar Offshore Bidding Round 2013 for three deepwater blocks located offshore Myanmar, namely blocks AD-9, AD-11, and MD-5.
  • Second Deepwater Oil Discovery Confirmed Offshore Brazil

    Second Deepwater Oil Discovery Confirmed Offshore Brazil

    Sunday, 11th January 2015
    Petrobras has confirmed a second oil find in the Fanfan area in the deepwater Sergipe-Alagoas basin offshore Brazil.
  • Shell’s Mars B Project Expands Gulf of Mexico Presence

    Shell’s Mars B Project Expands Gulf of Mexico Presence

    Tuesday, 6th January 2015
    Shell's Mars B project, located in the deepwater Gulf of Mexico, produced first oil in the first quarter of this year. It is the first time that significant infrastructure has been added to an existing deepwater field in the Gulf, says Shell.
  • ONGC, ConocoPhillips Sign Pact on Shale Gas, Deepwater Exploration

    ONGC, ConocoPhillips Sign Pact on Shale Gas, Deepwater Exploration

    Sunday, 1st April 2012
    India's state-run Oil & Natural Gas Corp. Friday signed an initial agreement with ConocoPhillips to screen opportunities for jointly exploring and developing shale-gas reserves in India and North America and deep-water blocks along India's east coast.