Oil & Gas 360º
JULY 14, 2025
(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Adriano Mongini, CEO of Azule Energy, commented: “This is a landmark moment for gas exploration in Angola.
Oil & Gas 360º
JULY 10, 2025
Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, which concludes on 8 July 2025. In July 2024, Hess’ partners ExxonMobil Exploration and Production Suriname B.V., The block will return to Staatsolie and become part of the open acreage.
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Oil Gas Leads
JULY 11, 2025
UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 exploration well. The well was suspended, and shares dropped to 20.65 In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas.
Rigzone
JULY 24, 2025
TotalEnergies president for exploration and production Nicolas Terraz said, “With Begonia and CLOV Phase III, we are leveraging available production capacity in existing FPSOs of Block 17 (Pazflor and CLOV) while reducing costs and emissions” Besides CLOV and Pazflor, block 17 also produces through FPSOs Dalia and Girassol.
Rigzone
JUNE 16, 2025
Sval Energi has non-operated interests in 16 producing fields offshore Norway, with net production of 64,100 boepd in 2024, and 141 million boe in net 2P reserves and 102 million boe of net 2C resources. DNO noted that it has four development wells and one exploration well planned in the period through 2026.
Oil & Gas 360º
APRIL 10, 2025
The results of the Naingopo exploration well announced in January 2025 increased our confidence in the potential for Prospect I. We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.” Actual future results may differ materially.
Mees
APRIL 4, 2025
TotalEnergies reveals in its recent annual report that two exploration wells drilled in 2024 on Oman exploration Block 12 (Total 80%op, PTTEP 20%) were dry.
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