exploration

Element One Hydrogen & Critical Minerals and Mantle8 have signed a letter of intent to evaluate and develop natural hydrogen exploration opportunities in British Columbia and Alberta using advanced prospect-generation and subsurface imaging technologies.

The US Department of Energy has awarded more than $99 million to 21 projects that will advance geothermal development through field-scale testing of next-generation technologies and exploration drilling programs across the US.

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.

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.

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.

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.

Spain has granted permits covering a swath of the mountain range to Mantle8 for natural hydrogen and helium exploration a month after France granted the company similar permits.

The companies will work together to increase future production and value creation at their respective assets in the Norwegian Continental Shelf.

The paper describes the revalidation of a deepwater prospect that resulted in a no-drill decision.

The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.