This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Drilling at the Prospect I location has been significantly derisked by the results of our first Damara Fold Belt well, Naingopo, which encountered reservoir in the Otavi carbonates, hydrocarbon shows and oil to surface. NSAI), an independent qualified reserves evaluator.
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.
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.
Chevron plans to begin drilling an explorationwell offshore Namibia, where several international majors have found huge oil and gas resources in recent years.
(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope.
The initial results of the Fayoum 5 explorationwell 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.
Image by Daniel S Ragnarsson via iStock OMV AG plans to launch a seismic survey in December to explore the potential of geothermal energy in the East Styrian basin in the greater Graz area. The Austrian state-backed energy company expects to drill an explorationwell in the second half of 2026.
Norwegian Ocean Industry Authority (Havtil), the countrys offshore industry safety watchdog, has granted consent to Equinor for exploration drilling in an oil and gas block in the North Sea
Norwegian oil and gas company OKEA has signed an agreement with Aker BP to acquire a 35% working interest in Tverrdal explorationwell in the North Sea.OKEA secured
Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the Mistral Sr explorationwell in the Halten area, situated in the southern part of the Norwegian Sea.
(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. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.
The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7 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. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
Huntsville, Alabama, USA – June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. 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. Vertical composition with copy space above.
“Compare that to the two to three years, if that, to execute this task in other established basins,” Meanwhile, DNO said it has maintained production from its flagship Tawke at about 80,000 boepd “with minimal new investment," while its Côte d’Ivoire gas assets steadily produce over 3,000 boepd net to the company.
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. Advancing gas monetization Amid a surge in gas monetization, Africa has emerged as a major LNG producer.
(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.
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. MORE FROM THIS AUTHOR Rocky Teodoro Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! 700K Industry Pros can’t be wrong.
TotalEnergies reveals in its recent annual report that two explorationwells drilled in 2024 on Oman exploration Block 12 (Total 80%op, PTTEP 20%) were dry.
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).
(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. million acres in Namibia in the highly prospective Damara Fold Belt and Rift Basin exploration plays. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2
Oman’s Minister of Energy and Minerals, Salim Nasser al Aufi, stated that the execution of the agreement represents a pivotal step in Omans efforts to enhance hydrocarbon exploration and development. The post Oman Signs EPSA with OQEP, Genel Energy to Boost Hydrocarbons in Block 54 first appeared on Egypt Oil & Gas.
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.
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.
We addressed the maturity of our bond debt by calling the old bond and issuing a new $100 million bond, thereby increasing available cash and putting in place a capital structure that can provide funding towards delivery on our strategic objectives, regardless of whatever uncertainties may face the business at the macro-economic level.
A key advantage: many of these discoveries are located near existing infrastructure, allowing BP to tie back new wells quickly and cost-effectively. Looking ahead, BP plans to drill around 40 explorationwells over the next three years , underscoring its ambition to expand its upstream production base.
We continue to work towards a plan for payment or settlement of amounts owed, and appropriate adjustment for price and interest We were disappointed that in December 2024 the subsidiary, Genel Energy Miran Bina Bawi Limited ('GEMBBL'), lost the arbitration case brought against it by the KRG regarding the Miran and Bina Bawi gas assets.
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.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content