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BP makes new oil discovery off US Gulf coast

BOE Report

By Sheila Dang April 14 – BP made an oil discovery in the Far South field in the U.S. The exploration well was drilled in Green Canyon Block 584 about 120 miles off the coast of Louisiana. Both the initial well and a sidetrack encountered [Read more] Gulf of Mexico, the UK-based oil major said on Monday.

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DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

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. DNO noted that it has four development wells and one exploration well planned in the period through 2026.

Energy 67
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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

Last month, Mellitah Oil and Gas Company successfully resumed gas production at Well CC18 in the Bahr Essalam field, reinforcing Libyas ability to meet both domestic and export demands. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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

Oil & Gas 360º

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 exploration wells in 2025. Algerias Sonatrach will increase hydrocarbon production by 2.5%

E&P 130
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Vår Energi makes third oil discovery in a row in Goliat Area

Oilfield Technology

Vr Energi ASA has announced an oil discovery in the operated Zagato exploration well near the Goliat field in the Barents Sea, adding to recent exploration success in the area.

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ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Rigzone

The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7 miles) northeast of the Heidrun field and about 270 kilometers (168 miles) north of Kristiansund. This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice.

Oil 62
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Gran Tierra to Sell UKCS Asset to NEO Energy for $7.5MM

Rigzone

The higher production was due to the recognition of three full months of production from Canada and positive exploration well results in Ecuador, the company said in its most recent earnings release. Gran Tierra incurred a net loss of $19 million for the quarter, compared to a net loss of $34 million in the prior quarter.