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...Those arguing that higher oil prices are ahead often point in evidence to a chronic lack of investment in oil exploration of late....
...That adherence to strict exploration plans suggests the US shale energy industry will shift further away from its role as a swing supplier, able to quickly turn up the production dial to douse price rises...
...The tip of Africa has seen a renaissance in oil and gas exploration since Mozambique, Zimbabwe’s neighbour, discovered vast offshore gas finds more than a decade ago....
...UK-based Shell, which has drilled four exploration wells in the Atlantic Ocean off Namibia’s southern coast since 2021, received approval in June to drill 10 more....
...But IP doesn’t have the same importance to an oil & gas exploration company as it would to a brand like J Crew, so other assets might be available for transfer. 2) Contracts often prevent transfers of IP...
...Exploration companies, meanwhile, were struggling to raise capital because of interest rate hikes, he added. “Exploration is where babies come from....
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...“It is fair to assume that virtually every company focused on oil and gas exploration, production and refining is continuously looking to expand its oil and gas activities,” said Hortense Bioy, global director...
...When the oil crisis came along and markets tumbled, this group fell a lot more than most — over-loved, overpriced and open to profit-taking....
...Houston Spaceport has positioned the city to be at the forefront of commercial space exploration....
...Others, however, point to pressures on NAI as a factor behind her exploration of a sale. The company is being looked at by other potential bidders....
...Brazil’s energy minister Alexandre Silveira told the FT there was “no contradiction” between stepping up oil and gas exploration and the country’s aspiration to lead the world’s transition to green energy...
...The lack of investment in new domestic hydrocarbon exploration also means the country’s domestic gas reserves are running low. That has left it at the mercy of global LNG prices....
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...The unsolicited offer for Total’s Canadian oil exploration and production business includes the company’s stakes in two main oil sands projects with a combined production share of 135,000 barrels of bitumen...
...That stands for Government Pension Fund Global, the name of the actual fund (often just called “the oil fund” in Norway, or Oljefondet)....
...Take the price of a barrel of oil for example. On a certain level it’s a simple thing, it’s a sticky black liquid you can use to keep warm....
...Companies such as Devon Energy, Pioneer Natural Resources and EOG Resources that lead exploration in shale rock regions earned outsized profits last year after energy prices soared in the wake of Russia’...
...But, far from deterring protests, the cause has been given added impetus by a UK government decision to grant a new wave of oil and gas exploration licences....
...His mining minister has repeatedly promised to halt new exploration projects....
...Hot water aquifers were only found in areas targeted for oil and gas exploration, such as Bavaria, and much of the rest of the country is still uncharted territory....
...Freeport LNG is majority owned by Michael Smith, a billionaire who first made a fortune selling oil and gas producer Basin Exploration for $410mn in 2001....
...However, the Biden administration is under mounting pressure from climate activists not to grant permits for new long-term oil and gas projects they argue will lock in carbon emissions for decades to come...
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