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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. bp expects to grow its global upstream production to 2.3 Vertical composition with copy space above.
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.
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.
The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third explorationwell drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. million bbl of oil equivalent in Triassic reservoir rocks.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Algerias Sonatrach will increase hydrocarbon production by 2.5%
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.
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. .
“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.
Looking ahead, BP plans to drill around 40 explorationwells over the next three years , underscoring its ambition to expand its upstream production base. Exploration successes in the Gulf of Mexico, disciplined capital management , and resilient financial performance all reinforce BPs confidence in its long-term strategy.
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. Empire Wind in the U.S.). billion Net Income: $2.63 billion Adjusted Net Income: $1.79
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