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BP's Big Bet on Oil Pays Off in Brazil

OilPrice

BP announced on Monday a significant oil and gas discovery in Brazil’s prolific offshore Santos Basin, the supermajor’s biggest in 25 years. BP plans further appraisal activities, subject to regulatory approval, in the block…

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

Oil Gas Leads

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.