Repsol YPF, an international integrated oil and gas company operating in over 30 countries, today announced that the company’s advanced seismic imaging project — Kaleidoscope — has begun exploration operations in the Gulf of Mexico and Brazil.
Kaleidoscope is powered by reverse-time migration (RTM), a sophisticated subsurface imaging tool whose potential is accepted by the oil [...]

Total announces that it has signed an agreement with Korea National Oil Corporation (KNOC) to farm into onshore exploration Block 70 (Attaq Area, Shabwa Governorate) in Yemen with an interest of 30.875%. This agreement has been approved by the Yemeni Ministry of Oil and Minerals.
Block 70, which covers an area of 1,367 square kilometres, is [...]

Hyperdynamics Corporation announced that top executives from the Company are attending the 15th Africa Oil Week being held next week in Cape Town, South Africa. This is Africa’s premier international event operated by Global Pacific and Partners. It is the world’s largest and most significant exploration and development event on Africa for the global oil [...]

Following the decision of the Icelandic government to start tendering exclusive licences in January 2009 for oil exploration in the Dreki area (in the Atlantic, northeast of Iceland on the Jan Mayen Ridge, between Iceland and Jan Mayen Island), an international conference has been announced in Reykjavik on 4-5 September. The Icelandic National Energy Authority [...]

Franklin Mining, Inc. Chairman and President William A. Petty is pleased to announce that during his latest visit to Buenos Aires, a Letter of Intent was signed with Epsur for the possible future development of oil fields in the northern part of the Province of Santa Cruz, Argentina.
Mr. Fernando Infante, Executive Vice President, Franklin Mining, [...]

Quest Resource Corporation announced the appointment of Thomas A. Lopus as Executive Vice President - Quest Eastern Resource. Lopus will be based in Pittsburgh, Pennsylvania and will direct all of Quest’s natural gas and oil exploration and production activity in the Eastern United States.
With more than 27 years of experience in the oil and [...]

Exxon Mobil says it will invest at least $100 million in offshore oil exploration near the Philippines.
Stephen Greenlee, vice president for Exxon Mobil Exploration Co., says Exxon is evaluating seismic data from the area and could start drilling next year, he said.
The Philippines government this week announced that a consortium of mostly Philippine companies [...]

Commerce Secretary Carlos Gutierrez suggested that a growing dispute over the cancellation of a U.S. company’s oil exploration contracts could damage Ukraine’s reputation with foreign investors.
Gutierrez spoke to business leaders in Kiev a day after President Viktor Yushchenko ordered his top security advisory council to sort out the dispute involving the Texas-based Vanco Energy Co.
He [...]

Uranium Oil and Gas announced that it has applied for four exploration permits in the McArthur Basin region in the Northern Territory, a Proterozoic area which has shown significant potential for oil shale and conventional hydrocarbon resources. RPS Energy, an acknowledged Oil & Gas industry consultancy firm, has identified 32 separate areas within these three [...]

Ukraine is canceling a contract with a U.S. oil company planning to explore for oil and gas on the Black Sea underwater shelf.
The government says the production-sharing agreement that was signed in 2006 with the subsidiary of Texas-based Vanco Energy Co. is “plundering Ukraine’s mineral reserves.”
Last month, Ukraine revoked Vanco’s license, and Prime Minister Yulia [...]