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bp drilled the explorationwell in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. The well was drilled to a total depth of 23,830 feet. bp expects to grow its global upstream production to 2.3 Vertical composition with copy space above.
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment.
The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third explorationwell drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. million bbl of oil equivalent in Triassic reservoir rocks.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026.
said its subsidiary has signed an agreement to sell its wholly owned subsidiary Gran Tierra North Sea Limited (GTNSL) to private upstream company NEO Energy for $7.5 Our front-loaded 2025 capital program, which had up to five rigs active during the quarter, delivered record drilling times and cost efficiencies across our key assets.
BP recently released its first quarter 2025 results, offering insight into how it is navigating a volatile market while steadily executing its growth strategy. Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience.
The discovery comes amid BP's broader pivot away from rapid renewables expansion toward reinforcing its upstream oil and gas portfolio to meet investor expectations and improve financial performance. Gulf Remains Core to BP's Growth The Gulf of America remains a critical area for BPs upstream operations. in Q4 2024.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas Gets New Block offshore Suriname by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 7:53 AM EST The new acreage lies next to Petronas' Block 52, which contains the Fusaea, Roystonea and Sloanea discoveries.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supply chain pressures, and the growing influence of gas and LNG markets. TWh , the same as Q1 2024. TWh , the same as Q1 2024. TWh , the same as Q1 2024.
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