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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New FPS hosting production from a trio of deepwater fields. -
Operator purchases outstanding interest in shallow water producing properties
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African nation becoming the latest global hotspot for giant oil finds.
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Plan to double gas output in order to help ease supply issues in Europe caused by Russian invasion.
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A successful appraisal well at the field has boosted reserves estimates as high as 1 billion barrels.
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The Glaucus-2 well confirms the existence of a multi-TCF gas field.
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A sidetrack is planned to confirm commercial quantities of oil and gas.
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Saudi looks to increase natural gas role in electricity production.
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New discovery could hold 100 million barrels of oil.
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Ecuador program will involve over 40 wells over 18 months.
