Exploration and Production, Exploration Well and Gas

Hess exits deepwater exploration block in Suriname

Oil & Gas 360º

JULY 10, 2025

(World Oil) – The American international oil and gas company Hess (Suriname II) Exploration Limited (Hess) will relinquish Block 59 in offshore Suriname on 8 July 2025. Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, which concludes on 8 July 2025.

Exploration and Production

Exploration and Production Offshore Exploration Well Oil

BP Makes Deepwater Oil Discovery in Gulf of America

OilPrice

APRIL 14, 2025

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.

Exploration Well

Exploration Well Oil Exploration and Production Gas

BP Makes Deepwater Oil Discovery in Gulf of Mexico

OilPrice

APRIL 14, 2025

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.

Exploration Well

Exploration Well Oil Exploration and Production Gas

Equinor Hits New Discovery in Johan Castberg

Rigzone

JUNE 30, 2025

“The Johan Castberg volume base originally estimated at 450-650 million barrels, our clear ambition is to increase the reserves by another 250-550 million barrels”, said Grete Birgitte Haaland, Equinor senior vice president for exploration and production North. The well had a water depth of 345 meters, Equinor said.

Exploration and Production

Exploration and Production Exploration Well Field Barrel

APA Corp., partners complete successful flow test for North Slope exploration well

Oil & Gas 360º

APRIL 28, 2025

The vertical Sockeye-2 well was completed in a single 25-foot interval at approximately 9,200 feet TVD, without stimulation. The well performed in line with expectations during the 12-day production test, averaging 2,700 barrels of oil per day during the final flow period, without artificial lift.

Exploration Well

Exploration Well Completion Oil Barrel

Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

MARCH 6, 2025

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

Exploration and Production

Exploration and Production Oil Field Offshore

Fayoum 5 Exploration Well Findings Indicate Potential Natural Gas Discovery by bp in Mediterranean

Egypt Oil & Gas

MARCH 6, 2025

The initial results of the Fayoum 5 exploration well located in North Alexandria, which is in the west of the Mediterranean, showed the presence of a gas-bearing layer, and electrical recordings are being made in the coming days.

Exploration Well

Exploration Well Natural Gas Exploration and Production Drilling rig

ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Rigzone

JUNE 19, 2025

Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7 The well, now permanently plugged, was drilled by the Deepsea Yantai rig.

Oil

Oil Exploration and Appraisal Exploration and Production Exploration Well

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

MARCH 10, 2025

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Negotiations are underway with ExxonMobil and Chevron to boost exploration.

E&P

E&P Exploration and Production Oil Field

ReconAfrica announces agreement for joint exploration project in Angola adding 5.2 million acres and significant resource potential along the Damara Fold belt and Rift Basin plays

Oil & Gas 360º

APRIL 17, 2025

(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angolas national concessionaire and regulator.

Basin

Basin Oil Petroleum Gas

bp discovers oil at Far South prospect, deepwater U.S. Gulf

Oil & Gas 360º

APRIL 14, 2025

Huntsville, Alabama, USA – June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. Vertical composition with copy space above.

Oil

Oil Exploration and Production Sidetracking Upstream

Gran Tierra to Sell UKCS Asset to NEO Energy for $7.5MM

Rigzone

JUNE 10, 2025

First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year. Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc.

Exploration and Production

Exploration and Production Energy Energy Completion

DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

JUNE 16, 2025

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. Its largest assets, measured by net 2P reserves, are Nova, Martin Linge, Kvitebjørn, Eldfisk, Maria, Symra and Ekofisk.

Energy

Energy Energy Exploration and Production Field

Vallourec secures OCTG order with ADNOC

Oilfield Technology

JUNE 30, 2025

These services will ensure that ADNOC’s oil and gas fields operate with maximum efficiency. To meet the projects supply and delivery requirements, production will be carried out across Vallourec’s industrial sites in Brazil, China, and Indonesia. Already a member?

Hydraulic Fracturing

Hydraulic Fracturing Exploration and Production HSE Field

ReconAfrica provides drilling update on Prospect I

Oil & Gas 360º

APRIL 10, 2025

(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.

Exploration Well

Exploration Well Petroleum Spud-in Exploration and Production

Hess Relinquishes Block 59 offshore Suriname after Failing to Find Partners

Rigzone

JULY 9, 2025

decided to discontinue Block 59 exploration after failing to bring in new partners following Equinor ASA and Exxon Mobil Corp.’s In July 2024 Norway’s majority state-owned Equinor and Texas-based ExxonMobil withdrew from the production sharing contract they signed July 2017 with New York City-based Hess.

Offshore

Offshore Exploration and Production Exploration Well Oil

Oman Signs EPSA with OQEP, Genel Energy to Boost Hydrocarbons in Block 54

Egypt Oil & Gas

MARCH 13, 2025

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. Block 54, known as the Karawan Concession, spans an area of 5,632 sq km in Al Wusta Governorate that is underexplored.

Exploration and Production

Exploration and Production Energy Energy Exploration Well

Petronas Gets New Block offshore Suriname

Rigzone

JUNE 19, 2025

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. square miles).

Offshore

Offshore Exploration and Production Exploration Well E&P

Genel Energy issues Trading and Ops Update

Iraq Business News: Oil & Gas

MAY 8, 2025

Paul Weir, Chief Executive of Genel, said: " In line with expectations, the Tawke PSC continues to deliver consistent, reliable production and generate significant cash flow even at the discounted domestic sales prices. Genel Energy has issued a trading and operations update relating to Q1 2025.

Energy

Energy Energy Exploration and Production Pipeline

bp Unveils New Oil Discovery at Gulf of America.

Egypt Oil & Gas

APRIL 16, 2025

In a statement , the company said that it drilled the exploration well 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.

Oil

Oil Sidetracking Exploration and Production BBL

BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness

Oil Gas Leads

APRIL 29, 2025

Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience. A key advantage: many of these discoveries are located near existing infrastructure, allowing BP to tie back new wells quickly and cost-effectively. billion (up from $1.2

Exploration and Production

Exploration and Production Oil Drilling rig Consulting

Genel Energy: Tawke delivering "Significant Cash Generation"

Iraq Business News: Oil & Gas

MARCH 18, 2025

"For new assets, we will seek both to increase that footprint in Oman, and also acquire assets in other preferred jurisdictions that we have identified as attractive to Genel, with a focus on adding production assets that increase the cash generation and resilience of the business, and provide potential for further growth. "In EBITDAX1 1.1

Energy

Energy Energy Exploration and Production BBL

BP and Chevron Hit Oil in Deepwater Gulf of America

Rextag

APRIL 16, 2025

The discovery comes amid BP's broader pivot away from rapid renewables expansion toward reinforcing its upstream oil and gas portfolio to meet investor expectations and improve financial performance. Under the new plan, BP will now: Increase annual oil and gas investment by 20% to $10 billion. 2 billion annually. in Q4 2024.

Oil

Oil Upstream Exploration Well Exploration and Production

How Energy Giants Performed in Q1 2025: A Breakdown of Equinor, BP, Hess, and NOG

Rextag

MAY 8, 2025

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. billion in Q1 2024, impacted by lower realized oil and gas prices and adjusting items.

Exploration and Production

Exploration and Production Energy Energy Basin

Energy Aggregated

Hess exits deepwater exploration block in Suriname

BP Makes Deepwater Oil Discovery in Gulf of America

Trending Sources

BP Makes Deepwater Oil Discovery in Gulf of Mexico

Equinor Hits New Discovery in Johan Castberg

APA Corp., partners complete successful flow test for North Slope exploration well

Libya launches first oil exploration bid round in 17 years

Fayoum 5 Exploration Well Findings Indicate Potential Natural Gas Discovery by bp in Mediterranean

ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

African national oil companies (NOCs) partnering with independents to drive E&P

ReconAfrica announces agreement for joint exploration project in Angola adding 5.2 million acres and significant resource potential along the Damara Fold belt and Rift Basin plays

bp discovers oil at Far South prospect, deepwater U.S. Gulf

Gran Tierra to Sell UKCS Asset to NEO Energy for $7.5MM

DNO Closes Acquisition of Sval Energi for $450MM

Vallourec secures OCTG order with ADNOC

ReconAfrica provides drilling update on Prospect I

Hess Relinquishes Block 59 offshore Suriname after Failing to Find Partners

Oman Signs EPSA with OQEP, Genel Energy to Boost Hydrocarbons in Block 54

Petronas Gets New Block offshore Suriname

Genel Energy issues Trading and Ops Update

bp Unveils New Oil Discovery at Gulf of America.

BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness

Genel Energy: Tawke delivering "Significant Cash Generation"

BP and Chevron Hit Oil in Deepwater Gulf of America

How Energy Giants Performed in Q1 2025: A Breakdown of Equinor, BP, Hess, and NOG

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