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(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting explorationwell in the oil-producing country. The country aims to boost its current oil production of about 1.1
Azule Energy, a joint venture firm between BP and Eni, has made a gas discovery at the Gajajeira-01 explorationwell, located offshore in the Lower Congo Basin, Republic of Angola…
(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. Block 59 was located in the far northwest of Suriname’s offshore, and covered about 11,480 square kilometers in water depths of 2,700 to 3,500 m.
Norwegian oil and gas company OKEA has spudded an explorationwell at the Brage field in the North Sea, offshore Norway, as part of the three-well drilling campaign…
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.
Chevron plans to begin drilling an explorationwelloffshore Namibia, where several international majors have found huge oil and gas resources in recent years.
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 second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7
(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.
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
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. onshore and offshore regions by 2030.
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) respectively, ExxonMobil and Equinor deemed the risk for drilling an explorationwell too high and transferred their stakes to Hess, according to Staatsolie Maatschappij Suriname NV. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! miles) and 9,000 square kilometers (3,474.92
Woodside Energy) in support of the Trion deepwater oil and gas development offshore Mexico. Jeremy Angelle, Vice President of Well Construction said, “With our extensive track record and a reputation as a trusted provider of TRS solutions, we are proud to play a key role in this world-class development. Already a member?
Sval Energi has non-operated interests in 16 producing fields offshore Norway, with net production of 64,100 boepd in 2024, and 141 million boe in net 2P reserves and 102 million boe of net 2C resources. DNO noted that it has four development wells and one explorationwell planned in the period through 2026.
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
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.
These services will ensure that ADNOC’s oil and gas fields operate with maximum efficiency. Please upgrade your browser to improve your experience. This agreement also involves an integrated suite of services, such as VAM Field Service and value-added digital solutions designed to optimise installation and maintenance practices.
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.
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. billion (up from $1.2
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.
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