Exploration/discoveries
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
This study applies Monte Carlo simulation and an XGBoost regression model to assess the influence of various formations, geologic provinces, tectonic-plate types, and boundary conditions on hydrogen concentrations.
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Updates about global exploration and production activities and developments. -
The Biden administration postpones Sale 261 while awaiting court ruling.
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Studies center on subsea wells connected to an FPSO.
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Find could hold as much as 130 million BOE.
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The $32-million deal nets producer proved reserves of 3.2 million BOE.
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New terms would allow contractors more than 50% equity share in some new blocks.
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BP, QatarEnergy and Zarubezhneft were among the other winners.
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Sale includes stake in the Abadi gas project.
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Nation also changes fiscal regime to attract new investment.
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The energy ministry instructed a shutdown following Hamas missile strikes.
