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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At an initial production rate of almost 13 MMcf/D, BP’s new well has achieved the highest early-production level in 14 years for a well in the San Juan Basin of Colorado and New Mexico. -
Many new developments in African exploration and production hold tremendous potential to bring more energy and prosperity to the continent—and shine a light of affordable, abundant energy.
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As interest in unconventional resources has grown in Europe, so have concerns about the potential environmental impacts of their development.
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A major offshore discovery led by Talos Energy is the first successful wildcat well drilled by a private company in Mexico in almost 80 years and a milestone for the country’s recently enacted energy reform.
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Untapped offshore gas reservoirs could easily meet all of the country's domestic needs, while the rest could supply regional neighbors.
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30 years after being discovered in the North Sea, this heavy-oilfield is now flowing.
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The upstream sector for Mexico’s offshore oil and gas fields continues to diversify after its most recent tender.
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OTC panelists were excited at the potential of deepwater exploration offshore Mexico and believe that opportunities there could eventually drive a big new wave of activity.
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India will test whether it can reach its ambitious goal of reducing oil and gas imports by 10% by 2022 with an upcoming auction of oil properties.
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To meet its projected oil demand in 2040, Mexico must see about USD 30 billion/year in upstream investment. BHP Billiton’s contract signing with Pemex represents a step in the needed direction.
