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exploration

A crowd gathers on the floor of the Offshore Technology Conference.

Lower Tertiary contains vast potential, challenges, Chevron executive says at OTC

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In the years Chevron has spent chasing crude in the coveted Lower Tertiary, the company uncovered a number of hurdles the oil industry will have to overcome to ensure future development of this highly coveted frontier play, a Chevron executive said Wednesday.
Noble Energy will drill exploration wells off the coast of the Falkland Islands, the company announced Wednesday.

Noble Energy doubles down in Falkland Islands

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The Houston-based oil company announced Monday that it has scooped up additional acres offshore the Falkland Islands and plans to start drilling there this year despite opposition from Argentina’s government.
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon now has more exploration holdings in Russia than in the U.S., despite sanctions

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While U.S. and European Union sanctions against Russia forced Exxon to shut down an Arctic drilling project in October, the producer is staking claims to areas that could yield tens of billions of barrels in coming decades.
(Getty)

Premier oil suspends dividend after posting full-year loss

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First oil from its Solan project in the North Sea west of Shetlands is now expected in the second half instead of the second quarter because of poor weather conditions, the company said.
(AP file photo/Reed Saxon)

Occidental pledges to $500 million oil exploration project in UAE

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Abu Dhabi, the largest emirate in the United Arab Emirates, is seeking to boost oil production capacity to 3.5 million barrels a day by the end of 2017.
(AP Photo/Scanpix, Statoil)

Arctic explorers retreat from hostile waters amid oil plunge

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Cheap oil threatens to demote the importance of a region already challenged by high costs, environmental concerns, technological obstacles and, in the case of Russia, international sanctions.
(Brittany Sowacke/Bloomberg)

Crude price slump exposing oil field risk takers

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For the biggest explorers, the impacts of slumping prices are dramatic.
(Ken Childress)

New Mexico county passes strict drilling rules as state judge considers wider ban

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The new ordinance supersedes a moratorium on oil and gas development that had been in place since 2010.
Rex Tillerson, chairman, president, and CEO of ExxonMobil Corp. ( Johnny Hanson / Houston Chronicle )

Exxon sees profit rise on refining strength

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Exxon CEO Rex Tillerson said that the earnings growth was “driven by higher margins and improved operations in the downstream and chemical businesses.”
Kurdistan_prepping WRUs

Wireless Seismic facing patent infringement suit

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The Sugar Land-based company with investment from energy giants Total and Chesapeake is facing a federal lawsuit alleging that it’s infringing on a rival firm’s patents.