Indonesia

In Asia, Valeura Energy and PTTEP advanced a Gulf of Thailand gas project, while Murphy Oil and Seadrill moved forward with projects in Vietnam, Indonesia, and Malaysia. In the Americas, Perenco, Petrobras, and Equinor advanced projects in Brazil, Canada, and elsewhere. Other developments included updates from Equinor, Serica Energy, BW Energy, and Sharjah National Oi…

By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.

More than 900 drilling and well professionals from 30+ countries gathered at APDT 2026 in Bali to explore how AI, automation, and advanced well technologies are driving safer, smarter, and more efficient drilling across Asia Pacific.

Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia.

INEOS Energy and Shell have partnered to invest in Gulf of Mexico exploration, while Eni reported strong productivity from its Geliga 1 discovery in Indonesia. Santos is advancing its Agogo project in Papua New Guinea, and ConocoPhillips received approval to redevelop several previously producing oil fields in Norway’s Greater Ekofisk Area.

Formerly titled E&P Notes, this monthly snapshot of global E&P activity highlights ongoing developments worldwide.

The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November.

As cutting-edge technologies unlock geothermal potential, Japan is channeling investments into powerhouse projects across the US, Indonesia, and New Zealand and priming its own reserves for a clean energy boom at home.

Updates about global exploration and production activities and developments.

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