This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
NYSE:E) and a group of Angolan companies successfully drilled the country's first dedicated gas explorationwell in the Lower Congo Basin, with preliminary estimates suggesting the reserve holds more than 1 trillion cubic feet of natural gas and up to 100 million barrels of condensates.
(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 explorationwell in the oil-producing country. Adriano Mongini, CEO of Azule Energy, commented: “This is a landmark moment for gas exploration in Angola.
Azule Energy, a joint venture firm between BP and Eni, has made a gas discovery at the Gajajeira-01 explorationwell, located offshore in the Lower Congo Basin, Republic of Angola…
UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 explorationwell. 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.
Image by Daniel S Ragnarsson via iStock OMV AG plans to launch a seismic survey in December to explore the potential of geothermal energy in the East Styrian basin in the greater Graz area. The Austrian state-backed energy company expects to drill an explorationwell in the second half of 2026.
An explorationwell, Dalia‑6, was also drilled 2024. The first large deepwater development in the Kwanza basin, Kaminho is planned to have a capacity of 70,000 bpd through the Cameia and Golfinho fields. TotalEnergies said last year several infill drilling projects were being carried out.
“Compare that to the two to three years, if that, to execute this task in other established basins,” Meanwhile, DNO said it has maintained production from its flagship Tawke at about 80,000 boepd “with minimal new investment," while its Côte d’Ivoire gas assets steadily produce over 3,000 boepd net to the company.
Chevron plans to begin drilling an explorationwell offshore Namibia, where several international majors have found huge oil and gas resources in recent years.
Chevron is considering drilling an explorationwell in the Walvis Basin off the coast of Namibia in 2026 or 2027, the U.S. oil major said on Thursday.Chevron Namibia
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). ANPG is Angolas national concessionaire and regulator.
TotalEnergies finished drilling Tamboti-1X and spudded Marula-1X, both explorationwells in block 2913B - which contains the Venus discovery - on the Namibian side of the offshore Orange Basin.
The Libyan government has officially launched the 2025 bid round for oil exploration, a long-anticipated move that marks a significant milestone in the countrys efforts to revitalize its energy industry. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.
In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four explorationwells in 2025. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.
The results of the Naingopo explorationwell 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.”
“Building on this strong foundation, PETRONAS is optimistic that the positive momentum and learnings from Block 52 will carry over into Block 66 as it continues to explore and unlock the hydrocarbon potential of the area”, Petronas said in a press release.
42.5%), drilled the Far South explorationwell in Green Canyon Block 584, located in the western Gulf of America approximately 120 miles off the coast of Louisiana. The well was drilled in 4,092 feet of water to a total depth of 23,830 feet.
Strategic Production Outlook Equinor plans to: Drill ~250 explorationwells on the NCS by 2035 Continue expanding low-carbon solutions through CO storage projects like Northern Lights Phase 2, with injection capacity increasing from 1.5 shale basins. Net producing wells (end of period): 1,133.9 billion Net Income: $2.63
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 explorationwells over the next three years , underscoring its ambition to expand its upstream production base.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content