Visible surface features such as oil seeps, natural gas seeps, pockmarks (underwater craters caused by escaping gas) provide basic evidence of hydrocarbon generation (be it shallow or deep in the Earth). However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics. Areas thought to contain hydrocarbons are initially subjected to a gravity survey, magnetic survey, passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest (known as leads) are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel through matter (rock) of varying densities and using the process of depth conversion to create a profile of the substructure. Finally, when a prospect has been identified and evaluated and passes the oil company's selection criteria, an exploration well is drilled in an attempt to conclusively determine the presence or absence of oil or gas.
The Energy Information Administration estimates that in 2007 the primary sources of energy consisted of petroleum 36.0%, coal 27.4%, natural gas 23.0%, amounting to an 86.4% share for fossil fuels in primary energy consumption in the world. Non-fossil sources in 2006 included hydroelectric 6.3%, nuclear 8.5%, and others (geothermal, solar, tidal, wind, wood, waste) amounting to 0.9%. World energy consumption was growing about 2.3% per year.
Players in the Nigerian oil and gas exploration and production sector have advised the current President and Petroleum Minister, Bola Tinubu, to conduct a much better bid than the last exercise to guarantee immediate development of the assets ... Explaining that oil and gas ...
Given al-Jaber is also in charge of COP28, the global climate conference set to kick off this week, sniffing around a carbon-belching oil and gas explorer makes for some tricky optics ...Abu Dhabi National Oil Company is exploring an acquisition of BASF's energy business Wintershall Dea, Bloomberg reported on Nov.
An oil and gas exploration company lauded the Marcos administration for asserting the Philippines’ rights over the West Philippine Sea (WPS) ... The tension in the WPS halted exploration and development of oil and gas-rich areas west of Palawan province, including the RectoBank being explored by a unit of PXP.
The US — the world's biggest oil and gas producer — also supports a COP28 deal calling to phase out CO2-emitting fossil fuel use ... This year, however, London raised eyebrows among some climate diplomats by weakening some green policies and approving 27 licences for oil and gas exploration.
The comprehensive talks explored avenues to deepen investment partnerships ... The minister outlined Pakistan's strategy to unlock opportunities across diverse sectors, including Agriculture, Mining, Petrochemicals, Steel, and the exploration of oil, gas, and other natural resources.
WELLINGTON, Nov 27 (Reuters) - New Zealand’s new right-of-centre government was sworn in on Monday, with parliament expected to sit next week and begin working on new policies including a new central bank mandate and lifting a ban on oil and gas exploration ... and gas exploration.
... invest in exploration.” ... At this point, however, the Malampaya consortium has to win over hurdles of tightening markets for offshore drilling rigs, with exploration ventures already encountering 2-3 years of delay even in markets with high prospectivity of oil and gas production.
Another study from the Pembina Institute found B.C.'s oil and gas emissions could triple the province's targets without a hard cap. ... But for the first time in 2021, the agency recommended countries eliminate oil and gas exploration and halt the approval of fossil fuel facilities. .
(f/k/a Creek Road Miners, Inc.) is a publicly-traded company engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids with operations focused on unconventional oil and natural gas reservoirs located in Colorado focused on the Niobrara and Codell formations.
KosmosEnergyGhana, a leading international deep-water exploration and production company in the country’s upstream oil and gas sector, has extended its social investment support to two special schools in the country ... Its assets include oil production and exploration in proven basins offshore Ghana, Equatorial Guinea and the U.S.
These factors include global, regional or local changes in supply and demand for oil, natural gas, and petroleum and petrochemical products and the resulting price, differential and margin impacts; political or regulatory events, including changes in law or government policy and ...