Shell Seismic Survey Approval Complied with Rules, S.Africa Minister Says
for the state-run Mossel Bay gas-to-liquid refinery.Environmentalists are pressuring oil companies to stop prospecting for oil anywhere. Experts say the world has no chance of reaching net zero carbon emissions by 2050 -- the minimum required to halt catastrophic climate change -- even if existing oil deposits are burned, let alone new ones.(Reporting by Tim Cocks. Editing by Jane Merriman)Shell Enters Impact Oil & Gas' South Africa Offshore BlocksS. Africans Protest against Shell's Offshore Oil ExplorationS. Africa Court Stymies Shell Offshore Seismic SurveyShell Wins Court Case to Kick
Johan Castberg PDO Approved
in Harstad. The costs of operating the field are estimated at some NOK 1.15 billion ($19 million) per year, representing around 1700 man-years nationwide, some 500 of which will be performed in Northern Norway. This includes both direct and indirect spinoffs.Equinor and the other operators with oil deposits in the Barents Sea are looking at the possibilities of oil transfer at Veidnes in Finnmark county, including both a downscaled terminal solution and ship-to-ship transfer.The Johan Castberg partnership consists of Equinor (operator 50 percent), Eni Norge (30 percent) and Petoro (20 percent)
Petrobras Finds New Oil in Offshore Florim, Lara Fields
Reuters - Brazil's state-run oil company, Petroleo Brasileiro SA, said on Friday that it had discovered new, good-quality oil deposits in the so-called sub-salt region. Petrobras, said the discovery was made in the Florim and Iara fields in the offshore Santos basin. Petrobras expects to continue exploration around the two wells until September. (Reporting by Paulo Prada. Editing by Andre Grenon)
First Successful Flow Test from East of Oman in 30 Years
hydrocarbons have deepened our understanding of the offshore geology east of Oman.” Dan Broström, Executive Chairman of Rex International Holding, said, “The test result is a further confirmation of the strength and viability of Rex Virtual Drilling as a tool to find hidden oil deposits. We will continue to leverage on our proprietary direct hydrocarbon indicator as we work to grow our reputation and presence in the world. We have an intensive year ahead of us with activities in all our markets and we look forward to be able to participate in more discoveries in the future.&rdquo
Arctic Economic Potential: Scholarly Briefing Published
boom. In principle, more accessible Arctic sea routes could offer substantial savings in logistics between Asian, American and European markets when compared to the current global maritime trade routes via the Panama and Suez Canals. It is estimated that as much as 13 per cent of undiscovered oil deposits and 30 per cent of undiscovered gas deposits on the globe are located in the Arctic area. These hydrocarbon prospects are further estimated to make the Arctic area a major global energy hub. However, the extent and pace of overall Arctic development is still difficult to forecast. There are
Legendary Research Ship on Sale
back. However, the DUNCOC crew and scientists aboard R/V Cape Hatteras continued to systematically explore the Gulf waters surrounding the burning rig. Drawing on three decades of expertise in sensitive core sampling and water column analysis, those aboard the research ship discovered vast amounts of oil deposits on the seafloor. Soon afterwards, the oil deposits were fingerprinted and undeniably identified as coming from the Deepwater Horizon. The world was watching - including journalists from the BBC, NBC Nightly News, the New York Times and USA Today - and the work of R/V Cape Hatteras was shared with
R/V Cape Hatteras Will Embark on New Phase
Famed for Finding Oil Deposits on the Seafloor after the Gulf of Mexico Deepwater Horizon Accident, the Invaluable Seagoing Laboratory is up for Sale. Meticulously tended to by a professional crew, and certified for another decade of exploration, the research vessel (R/V) Cape Hatteras has a lot of life left in her. That service may, however, take place in new seas now that the craft is being retired and sold by the Duke - University of North Carolina Oceanographic Consortium (DUNCOC). Constructed for The National Science Foundation in 1981 by Atlantic Marine Ship
February 2026
