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The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.

ExxonMobil and its Area 4 partners have awarded $1.1 billion in pre-investment contracts for long-lead upstream equipment supporting Mozambique's Rovuma LNG project. The awards, led by OneSubsea, mark a key step toward FID as development advances on ExxonMobil's largest global investment.

SPE Offshore Europe 2027 has unveiled its conference theme, “(Em)Powering Europe: Securing Our Energy Future,” and opened the call for technical paper proposals for the Aberdeen event.

North Sea operators produced an additional 16 million BOE from 56 reinstated wells in 2025 as improved intervention efficiency lowered costs and helped restore shut-in assets to production, according to the NSTA.

Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.

The firm's first-quarter rankings evaluate drilling performance across multiple measures, including total drilled measured depth.

This contributed article highlights the growing importance of fiber-optic sensing and its potential to advance thanks to emerging quantum technologies.

SPE welcomes 261 members into the Legion of Honor recognizing 50 years of consecutive membership in the Society.

The DOE-backed EGS-Twin project aims to simulate geothermal production systems, helping operators better predict performance and maximize output.

Rock sample characterization, widely used in hydrocarbon exploration and production, is emerging as a critical tool for understanding and optimizing subsurface mineral extraction through in-situ leaching.

Modeling solubility trapping at reservoir scale remains a key challenge for carbon storage projects. This study introduces a novel sub-grid convective mixing model, implemented in the Open Porous Media Flow simulator and applied to the SPE11 benchmark, that enables accurate prediction of carbon dioxide dissolution trapping in geological storage using computationally e…

After acquiring the block more than a decade ago, Petrobras has finally found oil in the deepwater area of the Equatorial Margin with the Morpho-1 exploration well.