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TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

percent stake during the exploration and appraisal phases. Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. square miles) onshore Algeria. square miles) onshore Algeria. square miles) onshore Algeria. State-owned QatarEnergy also owns 24.5

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Oil and Gas Explorers Focus on Near-Field Plays

OilPrice

Increasing financial constraints, a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.

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Mexico Revises Oil Production Down

OilPrice

Mexicos finance ministry has revised the countrys crude oil production rate for the year by 129,000 bpd less than previously expected. Instead of 1.8 million bpdthe target set by President Claudia SheinbaumMexico is seen producing 1.762 million bpd, Reuters reported, citing the ministry.

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Inpex Granted Production Concession for UAE Block

Rigzone

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.

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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields.

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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. We will continue our investments and will do our utmost to maintain and, if possible, increase production.

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ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Rigzone

million barrels of oil equivalent. million barrels of oil equivalent. 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. million standard cubic meters of oil equivalent (approximately 30.8

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