Tag Archives: Exploration

Sustained low oil prices could reduce exploration and production investment

September 24, 2015 Source: U.S. Bureau of Economic Analysis, U.S. Energy Information Administration Note: 2015 data are the average of the first two quarters. Low oil prices, if sustained, could mark the beginning of a long-term drop in upstream oil and natural gas investment. Oil prices reflect supply and demand balances, with increasing prices often […]

Oil exploration in the U.S. Arctic continues despite current price environment

June 12, 2015 Source: U.S. Energy Information Administration, based on Alaska’s crude oil production has declined from 1.8 million barrels per day (MMb/d) in 1991 to 0.5 MMb/d in 2014, and it is expected to continue declining through 2040. Almost 75% of Alaska’s crude oil production from 1990 to 2012 was from the Prudhoe Bay […]

Chad: Boko Haram – Nigeria to Resume Oil Exploration in Chad Basin

By Michael Eboh The Nigerian National Petroleum Corporation (NNPC), Monday, said it will resume the exploration of crude oil in the Chad Basin, following the improvement of security in the North-East region of the country. Group Managing Director, NNPC, Dr. Joseph Dawha, who disclosed this in a statement signed by Mr. Ohi Alegbe, Group General […]

Morocco: Norwegian Liberal Party Calls to Halt Exploration and Drilling in Western Sahara

Oslo — The Executive Committee of the Liberal party in Norway adopted Sunday a motion calling foreign companies to stop all exploration activities and oil drilling off the shore of Western Sahara, stressing that investors through these activities, encourage and legitimize the Moroccan occupation of Western Sahara. The motion also called on foreign companies to […]

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