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By Sheila Dang April 14 – BP made an oil discovery in the Far South field in the U.S. The explorationwell 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.
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 explorationwell planned in the period through 2026.
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.
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%
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 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 explorationwell in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice.
The higher production was due to the recognition of three full months of production from Canada and positive explorationwell 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.
The operational performance delivered from the Tawke and Peshkabir fields, together with the significant cost efficiency, continues to set these fields apart from others in the region.
“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.
42.5%), drilled the Far South explorationwell in Green Canyon Block 584, located in the western Gulf of America approximately 120 miles off the coast of Louisiana. The well was drilled in 4,092 feet of water to a total depth of 23,830 feet.
Brian Reinsborough, President and CEO of ReconAfrica stated: The encouraging technical results from our recent Naingopo explorationwell on PEL 73 onshore Namibia have strengthened our belief in the significant hydrocarbon potential of the Damara Fold Belt play.
Genel has a strong balance sheet and our producing fields within the Tawke PSC form a world-class asset that delivers significant cash generation even when selling at heavily discounted domestic prices because of the suspension of exports. We have worked hard with DNO to ensure spend and delivery performance are optimised.
production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. Conclusion: Q1 2025 Performance Summary Equinor Strong in: European gas pricing, new field startups (Johan Castberg), and capital discipline. TWh , the same as Q1 2024. Empire Wind in the U.S.).
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