The application of satellite remote sensing technology tends to spread wide in oil and gas exploration. Remarkable progress has been made in such areas as research on tectonics of petroliferous basins and detection of reservoir hydrocarbon micro-seepage. Based on the current domestic and international research data and combined with our research in southern China, the methods steps and the application effects for geological structure interpretation of petroliferous basins are introduced. The theory and the detection methods for reservoir hydrocarbon micro-seepage are also briefly introduced. The present situation shows that hyperspectral remote sensing and intelligent computing will play an important role in future oil and gas exploration.