Exploration/discoveries
As Egypt’s largest oil and gas investor, Eni is ramping up its 2026–2027 drilling campaign with new investments cross the Mediterranean offshore, Nile Delta, Western Desert, and offshore Sinai to strengthen the country’s role as a regional gas and LNG export hub.
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.
This energy roundup highlights major global developments, including Western Australia’s approval of Woodside’s Browse gas project, TotalEnergies’ FID for Cyprus’ first gas development, and new oil and gas discoveries offshore Colombia, Namibia, and Angola. Read the latest updates on LNG projects, exploration successes, seismic surveys, and strategic upstream investmen…
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The Cronos-1 well gets underway after 2-plus years of pandemic-related delays. -
A large gas prospect offshore Norway fails to deliver
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The well had been touted as one of the most anticipated in the North West Shelf for many years.
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The new discovery is expected to de-risk 50 Bcm of resources in region off Israel.
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The extension will keep the semisubmersible rig busy to April 2025.
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A successful sidetrack well at South Tchibala could add future drilling locations across Etame block.
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The 10-well plus eight-well option contract should keep the rig busy well into 2024.
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Monies are recoupment for Petrobras’ sunken costs in the Atapu development, to date.
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ExxonMobil and its partners now believe they have discovered 11 billion BOE.
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The Norwegian government grants a 20-year license extension for Ekofisk.
