Exploration/discoveries
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.
After acquiring the block more than a decade ago, Petrobras has finally found oil in the deepwater area of the Equatorial Margin with the Morpho-1 exploration well.
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Block 3B/4B is on trend with nearby Namibian discoveries Venus and Graff. -
The supermajor will gain a 60% working interest and assume operatorship in the AREA OFF-1 block.
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Updates about global exploration and production activities and developments.
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Majors and independents alike are targeting high-impact wells across the globe to boost future oil and gas production volumes.
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While projects offshore Cyprus and Israel advance, Lebanon’s latest licensing round follows news that Eni, TotalEnergies, and QatarEnergy drilled a dry hole on Block 9 near the country’s maritime border with Israel.
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Updates about global exploration and production activities and developments.
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Updates about global exploration and production activities and developments.
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Updates about global exploration and production activities and developments.
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The Biden administration postpones Sale 261 while awaiting court ruling.
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Sale includes stake in the Abadi gas project.
