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OMV Petrom and NewMed Energy, the partners in the Bulgaria's Han Asparuh offshore block in the Black Sea, have reached the decision to drill an explorationwell in the Krum Prospect…
(World Oil) – Reconnaissance Energy Africa Ltd. 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.
The discovery at the Far South prospect comes as BP announced a few weeks back a strategy reset to shift focus back to growing oil and gas production and investments after a few years of trying to be an integrated energy company with a major presence in renewables.
The discovery at the Far South prospect comes as BP announced a few weeks back a strategy reset to shift focus back to growing oil and gas production and investments after a few years of trying to be an integrated energy company with a major presence in renewables.
African energyexplorer Rhino Resources and its partner Azule Energy will drill the new Volans-1X explorationwell offshore Namibia in late July or early August…
Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 Sval Energi CEO Halvor Engebretsen will lead the enlarged North Sea business as the managing director for DNO Norge AS, according to the release.
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.
Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc. 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 Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc. 700K Industry Pros can’t be wrong.
The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7 This is the third explorationwell in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice. The well, now permanently plugged, was drilled by the Deepsea Yantai rig.
Vr Energi ASA has announced an oil discovery in the operated Zagato explorationwell near the Goliat field in the Barents Sea, adding to recent exploration success in the area.
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.
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. Sign located on the corner of Wynn Drive and University Drive and image taken at sunset.
ReconAfrica has achieved a major milestone in its exploration efforts in Namibia with the successful drilling of the Naingopo explorationwell on Petroleum Exploration License 73 (PEL 73).
Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the Mistral Sr explorationwell in the Halten area, situated in the southern part of the Norwegian Sea.
Omans Ministry of Energy and Minerals has signed an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 54 in Oman. Genel stated that it will provide a partial carry of OQEPs 60% participating interest during the Initial Phase.
(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. View original content to download multimedia: [link]
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. Algerias Sonatrach will increase hydrocarbon production by 2.5%
Genel Energy has announced its audited results for the year ended 31 December 2024. PRE-PRODUCTION ASSETS Somaliland - SL10B13 (51% working interest, Operator) We continued to work with stakeholders towards the complete framework required to support drilling the Toosan-1 explorationwell. Production costs (17.6) (18.0)
“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. There’s a reason 700K+ energy professionals have subscribed.
In a statement , the company said that it drilled the explorationwell 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. .
BP Targets 400,000 boe/d in Gulf with New Discovery BP has made a new oil discovery in the deepwater Gulf of America, signaling a renewed commitment to traditional energy resources as the company continues a high-profile strategic reset. The well was drilled in 4,092 feet of water to a total depth of 23,830 feet. 2 billion annually.
(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 complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2
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. YoY Natural gas: 337,706 Mcf/day, up 14% YoY Net wells turned in-line: 27.3
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.
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