Exploration/discoveries
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.
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.
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.
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Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect. -
Companies largely focused on deepwater acreage in the second Gulf lease sale held under the One Big Beautiful Bill Act.
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Operator started planning the development before it made its latest North Sea discovery.
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Cook Inlet leases have been a hard sell for federal or Alaska state authorities for years, given the environmental sensitivity of the area.
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Updates about global exploration and production activities and developments.
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This study evaluates the feasibility of drilling a closed-loop, unconventional geothermal system in the Pannonian Basin basement of Romania.
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The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November.
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Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK.
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The Granat prospect on the Norwegian Continental Shelf may be developed with a subsea tieback to existing infrastructure.
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Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks.
