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First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices.
Equinor has secured a new exploration opportunity in Brazil, having won the license for S-M-1617 offshore block in Santos Basin during the country’s fifth Open Permanent Concession bid round…
Newly discovered offshore oil and gas deposits in Pakistans territorial seas could be brought to surface by Pakistan and Turkey. The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks.
After ExxonMobils swathe of world-class discoveries in Guyanas offshore Stabroek Block, the Guyana-Suriname Basin emerged as the worlds hottest drilling location. Suriname, a small country with a population of less than 700,000, which is among South Americas poorest, is believed to possess petroleum
Currently, Galp holds stakes in various oilfields in the deep waters of the Santos basin in the prolific pre-salt layer offshore Brazil. The Portuguese firms production in Brazil is about 110,000 barrels of oil equivalent per day (boepd) at present. The expected start-up of the Bacalhau field, operated by Norways Equinor, is set
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the Weizhou 5-3 oil field development project in Beibu Gulf Basin in the South China Sea…
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The S-M-1617 license is near an existing Equinor block, S-M-1378, 'an area with strong potential that we can leverage to reinforce our position in the Santos basin'.
(Oil & Gas 360) – HOUSTON , June 17, 2025 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced its enhanced corporate strategy designed to position the Company as a leading pure-play offshore exploration and production company. Build a long-lived, scaled portfolio.
Exxon Mobil and Chevron on Tuesday took their first steps toward eventually exploring oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned…
Chevron plans to begin drilling an exploration well offshore Namibia, where several international majors have found huge oil and gas resources in recent years.
Australian oil and gas company Karoon Energy has secured interest in six blocks in the Santos Basin, offshore Brazil, in the ANP fifth Permanent Offer Bid Round for Concession Contracts…
A joint venture of ExxonMobil and Woodside Energy has approved a $222-million project to drill new wells and boost natural gas production from fields in the Gippsland Basinoffshore southeastern Australia.
Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia
The Lac Da Hong (Pink Camel) discovery, combined with the recently announced Hai Su Vang (Golden Sea Lion) discovery, deepens our understanding of the resource potential in our Cuu Long Basin blocks'.
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the Weizhou 5-3 oil field development project in Beibu Gulf Basin in the South China Sea…
Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, has completed the farm-in agreement in the Orange Basin block, securing the
(Oil Price) –First-quarter earnings at ExxonMobil ( NYSE: XOM ) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices.
rig count of 559, 544 rigs are categorized as land rigs, 13 are categorized as offshore rigs, and two are categorized as inland water rigs. land rig count reduced by four, and its offshore rig count and inland water rig count remained unchanged, the count highlighted. and 114 rigs from Canada, the count outlined. Of the total U.S.
Petrobras has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block, offshore Brazil
Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, has moved forward in the process of formalizing the operatorship of the recently
Petrobras has informed that a Drill Stem Test (DST) in the Sirius-2 well, located in deep waters of the Gujaira Basinoffshore Colombia, proved good productivity
Petrobras has announced that it has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block.
Wood has been contracted to deliver long-term maintenance solutions for Esso Australia-operated onshore and offshore assets in the Gippsland Basin, Victoria.
XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galps 10% interest in the Area 4 concession in Mozambique's Rovuma Basin
Brazil’s state-run oil and gas firm Petrobras has acquired 10 blocks in the Foz do Amazonas Basin and three blocks in the Pelotas Basin in the fifth Permanent Concession…
TotalEnergies finished drilling Tamboti-1X and spudded Marula-1X, both exploration wells in block 2913B - which contains the Venus discovery - on the Namibian side of the offshore Orange Basin.
Australian oil and gas company Woodside Energy has decided not to exercise its option for the farm-in to the PEL 87 block offshore Namibia, operated by Pancontinental Energys subsidiary
The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.
It covers total production figures, performance by key operators, and state-level contributions, focusing on key basins such as the Permian Basin, Appalachian Basin, Denver-Julesburg (DJ) Basin, Onshore and Offshore Gulf of America (Mexico), Williston Basin, and Greater Anadarko Basin.
Veolia, through its Water Technologies & Solutions business unit, has secured a multi-million dollar contract from Seatrium to provide advanced seawater desalination…
“The partners will evaluate several CO2 storage sites in the Malay Basin, including both saline aquifers and depleted offshore fields”, France’s TotalEnergies said in a press release then. In 2024 Petronas signed an agreement with Abu Dhabi National Oil Co.
With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.
Brazilian state-run oil and gas company Petrobras has identified the presence of hydrocarbons in the Campos Basin pre-salt, in an exploratory well of Norte de Brava block
The high-volume, low-cost development offshore the South American country, which started production just five years ago, is already pumping more than 660,000 barrels per day (bpd) of crude. It was growth in the Permian and offshore Guyana that helped Exxon beat analyst estimates in its Q1 earnings. Hess Corp, and CNOOC of China.
Eni has started gas production from the Merakes East field in the Kutei Basinoffshore Indonesia, the Italian energy group said on Tuesday in a statement.The field is part of the East Sepinggan block
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.
With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.
CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production. energy production, contributing 6.26.3
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin
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