Exploration

Big Oil has been a big bust for the past several years, and without a major overhaul, sustaining efforts in stagnant natural gas and oil environment…

A plan to revive arctic gas and oil drilling in deep Canadian waters of the Beaufort Sea ground to a halt Friday.

A plan to revive arctic gas and oil drilling in deep Canadian waters of the Beaufort Sea ground to a halt Friday.

After paying billions in late 2012 to expand its U.S. exploration efforts, Freeport-McMoRan Inc. (FCX) is looking to the markets to raise money to finance its efforts.

After paying billions in late 2012 to expand its U.S. exploration efforts, Freeport-McMoRan Inc. (FCX) is looking to the markets to raise money to finance its efforts.

Freeport-McMoRan Inc., which holds stakes in some of the most promising natural gas developments in the Gulf of Mexico (GOM) is continuing to prowl for a partner to underwrite its domestic exploration subsidiary, but an initial public offering (IPO) also is a possibility this year, management said Thursday.

Freeport-McMoRan Inc., which holds stakes in some of the most promising natural gas developments in the Gulf of Mexico (GOM) is continuing to prowl for a partner to underwrite its domestic exploration subsidiary, but an initial public offering (IPO) also is a possibility this year, management said Thursday.

Unconventional drilling in the Lower 48 has revitalized U.S. natural gas and oil production, but it’s time to explore abundant reserves in Alaska, where an existing reserve base of 920 Tcf and 38 billion bbl of liquids awaits development, the National Petroleum Council (NPC) said Friday.

Cook Inlet Energy LLC was the successful bidder for an exploration license covering 168,581 acres of Alaska state land in the Iniskin Peninsula area of southwest Cook Inlet, the Alaska Division of Oil and Gas said Wednesday.