Barrel, Exploration Well and Gas

Angola's First Major Gas Discovery Could Anchor Its $150 Billion Strategy

OilPrice

JULY 16, 2025

Angola has made a major natural gas discovery, marking a breakthrough in the country’s efforts to diversify its fossil fuel production. This is the first natural gas exploration by the former… Azule Energy, a joint venture between BP Plc (NYSE:BP), Eni S.p.A.

Exploration and Production

Exploration and Production Gas Exploration Well IT

Var Energi Makes Gas Discovery Near Norwegian Sea Oilfield

OilPrice

JULY 21, 2025

Var Energi has made a commercial gas and condensate discovery near its Fenja oilfield in the Norwegian Sea and could develop it as a tie-in to the producing field, the Norwegian oil company said on Monday. The discovery is only 8 kilometers (5 miles) from the existing Fenja subsea…

Condensate

Condensate Gas Exploration Well Energy

BP-Eni JV makes major gas discovery offshore Angola

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. The country aims to boost its current oil production of about 1.1

Offshore

Offshore Exploration and Production Gas Exploration Well

Equinor Hits New Discovery in Johan Castberg

Rigzone

JUNE 30, 2025

The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. The well had a water depth of 345 meters, Equinor said. Drivis Tubaen is the 14th exploration well drilled in production license 532, awarded 2009, according to Equinor.

Exploration and Production

Exploration and Production Exploration Well Field Barrel

Badawi Discusses Natural Gas Investment Plans with bp

Egypt Oil & Gas

JULY 22, 2025

This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.

Natural Gas

Natural Gas Exploration and Production Gas Condensate

ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Rigzone

JUNE 19, 2025

million barrels of oil equivalent. million barrels of oil equivalent. This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice. million barrels of oil equivalent) in Triassic reservoir rocks.

Oil

Oil Exploration and Appraisal Exploration and Production Exploration Well

Pantheon Resources Pushes Ahead with Dubhe-1 Drilling on Alaska’s North Slope

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. In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas.

Exploration and Appraisal

Exploration and Appraisal Basin Exploration Well BCF

TotalEnergies Starts Production at Begonia, CLOV Phase III offshore Angola

Rigzone

JULY 24, 2025

Image by Oleksii Liskonih via iStock TotalEnergies SE said Wednesday it has unlocked new production of 60,000 barrels per day (bpd) gross in Angola with the start-up of Begonia and CLOV Phase III. The project consists of five wells tied back to the Pazflor floating production, storage and offloading (FPSO) vessel.

Offshore

Offshore Exploration and Production Infill Drilling Exploration Well

DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

JUNE 16, 2025

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. DNO noted that it has four development wells and one exploration well planned in the period through 2026.

Energy

Energy Energy Exploration and Production Field

Gran Tierra to Sell UKCS Asset to NEO Energy for $7.5MM

Rigzone

JUNE 10, 2025

First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year. Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc.

Exploration and Production

Exploration and Production Energy Energy Completion

ReconAfrica to accelerate drilling plan for Namibia exploration well

Oil & Gas 360º

MARCH 24, 2025

Drilling at the Prospect I location has been significantly derisked by the results of our first Damara Fold Belt well, Naingopo, which encountered reservoir in the Otavi carbonates, hydrocarbon shows and oil to surface. NSAI), an independent qualified reserves evaluator. Prospect I is noted as location 63 in the NSAI report.

Exploration Well

Exploration Well Spud-in Barrel Oil

APA Corp., partners complete successful flow test for North Slope exploration well

Oil & Gas 360º

APRIL 28, 2025

The vertical Sockeye-2 well was completed in a single 25-foot interval at approximately 9,200 feet TVD, without stimulation. The well performed in line with expectations during the 12-day production test, averaging 2,700 barrels of oil per day during the final flow period, without artificial lift.

Exploration Well

Exploration Well Completion Oil Barrel

bp discovers oil at Far South prospect, deepwater U.S. Gulf

Oil & Gas 360º

APRIL 14, 2025

Huntsville, Alabama, USA – June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. Vertical composition with copy space above.

Oil

Oil Exploration and Production Sidetracking Upstream

Var Energi Makes Gas, Condensate Find Offshore Norway

Rigzone

JULY 23, 2025

Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Var Energi Makes Gas, Condensate Find Offshore Norway by Andreas Exarheas | Rigzone Staff | Wednesday, July 23, 2025 | 10:09 AM EST 'Vidsyn is an exciting discovery', SVP Exploration at Var Energi, Luca Dragonetti, said.

Gas Condensate

Gas Condensate Condensate Offshore Gas

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

MARCH 10, 2025

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). These efforts reflect a broader trend across the continent, where NOCs are leaning on foreign partnerships to advance oil and gas production.

E&P

E&P Exploration and Production Oil Field

ReconAfrica provides drilling update on Prospect I

Oil & Gas 360º

APRIL 10, 2025

(Oil & Gas 360) CALGARY, AB , April 10, 2025 /CNW/ – Reconnaissance Energy Africa Ltd. Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far.

Exploration Well

Exploration Well Petroleum Spud-in Exploration and Production

ReconAfrica announces agreement for joint exploration project in Angola adding 5.2 million acres and significant resource potential along the Damara Fold belt and Rift Basin plays

Oil & Gas 360º

APRIL 17, 2025

(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. million acres in Namibia in the highly prospective Damara Fold Belt and Rift Basin exploration plays. It is targeting 365 million barrels of unrisked and 32 million barrels of risked prospective light/medium oil resources (1) , or 1.9

Basin

Basin Petroleum Oil Gas

bp Unveils New Oil Discovery at Gulf of America.

Egypt Oil & Gas

APRIL 16, 2025

In a statement , the company said that it drilled the exploration well in Green Canyon Block 584, located in western Green Canyon, about 120 miles off the coast of Louisiana, in water depths of 4,092. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs.

Oil

Oil Sidetracking BBL Exploration and Production

BP and Chevron Hit Oil in Deepwater Gulf of America

Rextag

APRIL 16, 2025

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. Under the new plan, BP will now: Increase annual oil and gas investment by 20% to $10 billion. per barrel in Q1 2025 versus $13.1

Oil

Oil Upstream Exploration Well Exploration and Production

BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness

Oil Gas Leads

APRIL 29, 2025

A key advantage: many of these discoveries are located near existing infrastructure, allowing BP to tie back new wells quickly and cost-effectively. Looking ahead, BP plans to drill around 40 exploration wells over the next three years , underscoring its ambition to expand its upstream production base. billion (up from $1.2

Exploration and Production

Exploration and Production Oil Drilling rig Consulting

How Energy Giants Performed in Q1 2025: A Breakdown of Equinor, BP, Hess, and NOG

Rextag

MAY 8, 2025

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. billion in Q1 2024, impacted by lower realized oil and gas prices and adjusting items.

Exploration and Production

Exploration and Production Energy Energy Basin

Genel Energy: Tawke delivering "Significant Cash Generation"

Iraq Business News: Oil & Gas

MARCH 18, 2025

Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Production performance was further supported by an active well intervention programme. Production costs (17.6) (18.0) EBITDAX1 1.1 EBITDAX1 1.1

Energy

Energy Energy Exploration and Production BBL

Energy Aggregated

Angola's First Major Gas Discovery Could Anchor Its $150 Billion Strategy

Var Energi Makes Gas Discovery Near Norwegian Sea Oilfield

Trending Sources

BP-Eni JV makes major gas discovery offshore Angola

Equinor Hits New Discovery in Johan Castberg

Badawi Discusses Natural Gas Investment Plans with bp

ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Pantheon Resources Pushes Ahead with Dubhe-1 Drilling on Alaska’s North Slope

TotalEnergies Starts Production at Begonia, CLOV Phase III offshore Angola

DNO Closes Acquisition of Sval Energi for $450MM

Gran Tierra to Sell UKCS Asset to NEO Energy for $7.5MM

ReconAfrica to accelerate drilling plan for Namibia exploration well

APA Corp., partners complete successful flow test for North Slope exploration well

bp discovers oil at Far South prospect, deepwater U.S. Gulf

Var Energi Makes Gas, Condensate Find Offshore Norway

African national oil companies (NOCs) partnering with independents to drive E&P

ReconAfrica provides drilling update on Prospect I

ReconAfrica announces agreement for joint exploration project in Angola adding 5.2 million acres and significant resource potential along the Damara Fold belt and Rift Basin plays

bp Unveils New Oil Discovery at Gulf of America.

BP and Chevron Hit Oil in Deepwater Gulf of America

BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness

How Energy Giants Performed in Q1 2025: A Breakdown of Equinor, BP, Hess, and NOG

Genel Energy: Tawke delivering "Significant Cash Generation"

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