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Rigzone Exploration News

The latest upstream oil and gas news from around the world.
  1. Dorado, located offshore Australia, has discovered 171 million barrels of oil on a 2C basis, Carnarvon Petroleum Limited reveals.
  2. Industry body UK Onshore Oil and Gas (UKOOG) welcomes the decision to grant Ineos planning permission for an exploration site at Bramleymoor Lane in Derbyshire.
  3. Reduced royalty rates will lead to an even greater increase in activity in the Gulf of Mexico, according to the Louisiana Mid-Continent Oil and Gas Association President Chris John.
  4. The Dorado-1 discovery offshore Australia 'has created a big exploration buzz around Perth,' according to Wood Mackenzie's Australasia Upstream Senior Analyst Daniel Toleman.
  5. Oil companies bid on less than 1% of the parcels offered in a sweeping US auction of Gulf of Mexico exploration leases.
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