And, they never ever acknowledge a small exploration company as a thought leader in exploration.
Growth in exploration and production in Europe, CIS and western Africa will overshadow disruptions in Libya.
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They were found in exploration trenches being dug at the abandoned Odeon cinema on Hunter Street.
The company is engaged in exploration for, and mining and sale of coal, copper and other minerals.
Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals.
Growing interest in gold has led many investors to participate in exploration spending and financing of projects, she said.
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Petrobras is a vertically integrated oil company, participating in exploration, production, refining and retailing of crude oil and gas.
Other services firms have gone further, taking small equity stakes in exploration projects.
BP, Chevron and others are involved in exploration joint ventures with Chinese partners.
Besides driving away the multinationals, these deprived the region's state energy firms of revenues they needed to invest in exploration.
In exploration and production, the giants have access to large, efficient fields that generate cash even at very low prices.
Low oil prices in the late 1990s are one reason why companies did not invest more in exploration and production.
This truth was erroneously applied to global oil production, totally ignoring the role that price plays in exploration and development of oil fields.
For instance, a major decline in global economic growth will lower crude oil prices which will impact investments in exploration and extraction of oil.
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BP's return on investment in exploration and production could increase to 18.6% next year from 13.6% in 1999, mostly because of cheap reserves, says Terreson.
Chief Executive Finian O'Sullivan, a geophysicist, has 85 million barrels of proven reserves on tap, with 20 wells in exploration in Turkmenistan, Congo and Egypt.
Industry-Ratios-Oil-Gas-Producers-Vs-Gasoline-PricesMargins dropped by nearly half in 2009 after a precipitous drop in oil prices left companies scrambling to slash spending in exploration and production.
The lack of success in exploration for oil and gas under British waters has raised concerns about prospects for the industry, according to a consultancy.
However, they will no longer have the incentive to invest further in exploration and deep drilling, particularly in the technically more complex fields in the Amazon.
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It wanted photos of famous partners in exploration:the Apollo 11 crew of Neil Armstrong, Buzz Aldrin and Michael Collins, and Sir Edmund Hillary and his Sherpa guide, Tenzing Norgay.
The US space agency hopes these changes will save it money that can then be invested in exploration missions far beyond Earth, at destinations such as asteroids and Mars.
The UK government in September unveiled a tax break for oil and gas companies in a bid to reverse a decline in exploration and production in an industry which employs more than 300, 000 people.
High prices tend to encourage oil companies to go out and look for more oil, invest more heavily in exploration technologies, and those usually bear fruit in the form of massive volumes of new oil, which depresses the price.
Halliburton is well positioned to benefit from the burst in exploration and production activity that is expected as oil prices continue to climb higher against the backdrop of strong demand recovery and the political upheaval in the Middle East.
The recent discoveries by Statoil in the Barents Sea have fueled new interest in exploration activity in the Arctic regions of Norway, leading to record levels of drilling in 2011 with 4 additional wells planned this year and 7 more in 2012.
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"If you look back historically at what has caused humanity to make its largest investments in exploration and in transportation, it has been going after resources, whether it's the Europeans going after the spice routes or the American settlers looking toward the west for gold, oil, timber or land, " Mr Diamandis explained.
Australian producer Woodside recently agreed to partner with Daewoo in further exploration in the Bay of Bengal.
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The chief executive said his firm had been involved in oil exploration in "various corporate guises for 30 years" and explained that the well in question was the sixth they had drilled at the Barryroe structure.
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