discovery

Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off.

This energy roundup highlights major global developments, including Western Australia’s approval of Woodside’s Browse gas project, TotalEnergies’ FID for Cyprus’ first gas development, and new oil and gas discoveries offshore Colombia, Namibia, and Angola. Read the latest updates on LNG projects, exploration successes, seismic surveys, and strategic upstream investmen…

Equinor, Aker BP, and Vår Energi will combine resources and expertise to pursue some of the largest remaining exploration opportunities on the Norwegian Continental Shelf.

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.

Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.

The Granat prospect on the Norwegian Continental Shelf may be developed with a subsea tieback to existing infrastructure.

Eni reports its latest deepwater exploration well offshore Côte d'Ivoire found gas and condensate in high-quality Cenomanian sands in the Calao channel complex.

Murphy Oil’s Hai Su Vang (Golden Sea Lion) appraisal well reinforces the commerciality of the 2025 discovery.

The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.

Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.