Alaska North Slope: Source Rocks Hold Promise
The US Geological Survey’s recently completed assessment of three North Slope shale plays indicates a potential of two billion barrels of recoverable oil and eighty trillion feet of gas. In…
Exploration
Oil Prices Under Pressure
They should rise with accelerated growth in the second half of the year Oil prices came under heavy pressure in the first weeks of April. Weaker-than-expected macroeconomic data from…
South Sudan: “The Oil is Now Flowing”
South Sudan is to resume oil production – a positive move for the new country, but uncertainty remains. After a 15-month stalemate, South Sudan has announced it is to resume…
Insights from Space!
With recent offshore gas discoveries reviving interest in the Eastern Mediterranean region, a variety of methodologies can be used to assess potential, including using data from satellites orbiting the earth.…
Ready to Explore the Offshore Arctic?
To unlock the vast, technically recoverable oil and gas resources that are attracting international oil companies to the Arctic will take Herculean effort. For example, Shell has spent billions of…
New Deepwater Frontiers an Ocean Apart
Large oil finds in the African Equatorial Margin have led to recent oil discoveries along the South American Equatorial Margin. Similar geologic and geochemical characteristics suggest analogous petroleum systems with…
Ireland’s Porcupine Basin: The Dream Comes Closer
Buoyed by new thinking and a high oil price, the industry readies itself to once again take on the technical, environmental and financial challenges of operating on the frontier Atlantic…
Iceland Exploration Revived
Recent license awards suggest that active exploration may soon resume in Iceland’s freezing waters Iceland is currently not producing oil or gas. However, the very first oil and gas offshore…
Beneath the Labrador Sea
A new seismic dataset helps clarify the deepwater hydrocarbon potential offshore Newfoundland and Labrador in Canada First oil was produced on the Grand Banks in 1997 from the Hibernia Field…
South Australia’s Unconventional Resource
A newly published guide outlines the opportunities and risks involved in exploiting unconventional reserves in South Australia. Once regarded as something that would happen in the future, recent exploration results…
Petroleum: A New Economic Boost for Suriname
Good proven source rocks and reservoirs, and analogs with the conjugate margin across the Atlantic – could the waters offshore Suriname be harboring great riches? The Republic of Suriname, with…
A UK Shale Gale Coming?
A new report estimates that the UK Bowland Shale resources could amount to over a quadrillion cubic feet of gas in place. Exploitation of onshore shale gas resources in North…