BHP Billiton targets deepwater plays as part of $900million exploration push
BHP Billiton said on Monday it will spend $900 million, or 18% of its capital budget, in exploration next financial year.
deepwater exploration
Chevron gets go-ahead for Cambo well
Oil giant Chevron has been given the go-ahead to drill a deepwater exploration well west of Shetland.
Dong looking to drill deep west of Shetland
Dong Energy plans to drill a deepwater exploration well 50 miles north-west of Shetland.
Saudi Aramco has eye on Red Sea
Saudi Aramco is gearing up to drill its first deepwater exploration well in the Saudi sector of the Red Sea before the end of this year. This body of water is more than 2,000m deep in parts of the Saudi sector, and it has salt sequences up to 2,100m thick.
Andarko clocks a pioneering gas discovery offshore East Africa
Anadarko has made what appears to have the makings of a major hydrocarbons discovery off Mozambique, East Africa, where there has so far been little offshore exploration, let alone success.
Chevron budgets $21.6bn for 2010
CHEVRON has cut its capital and exploration budget for this year to $21.6billion, which is 5% below the figure for 2009.
Orphan exploration abandoned
CHEVRON Canada has for now abandoned its plan to drill a deepwater exploration well that it had planned offshore Labrador in Orphan Basin.