Exploration/discoveries
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…
Industry forecasts point to increasing upstream expenditure and production, even as geopolitical volatility and smaller discoveries challenge project economics.
The Society’s archive of technical papers, maps, figures, and geological data sets will be integrated into the GIX platform, enabling geoscientists to query AI agents about exploration opportunities within specific geographic regions while combining historical research with public data, proprietary information, and advanced analytics.
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South Bohai Sea find offers up light crude bounty. -
The latest Orange basin find is the third in the past year.
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The appraisal results are not enough to push development forward.
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A new report from Rystad Energy expects more than $200 billion will flow into greenfield offshore projects over the next 2 years.
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Gas production from The Mabrouk North-East field is online.
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Røver Sør find is said to contain up 47 million BOE of recoverables.
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Construction of a treatment plan for the natural gas from latest wells is ongoing.
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The Southern North Sea find could be one of the largest in the area in a decade.
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The Dutch Government will no longer issue drilling permits for new onshore oil and gas wells.
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The Uaru development is expected to pump 250,000 barrels of oil at peak.
