Exploration/discoveries
Equinor, Aker BP, and Vår Energi will combine resources and expertise to pursue some of the largest remaining exploration opportunities on the Norwegian Continental Shelf.
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.
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The deal marks the biggest injection into Libya's flagging oil and gas industry in 2 decades, but not everyone in the ruling government is on board. -
Novatek is reporting a 6.3% jump in 2022 LNG exports, driven by Europe which has shunned Russian pipeline gas while increasing its purchases of Russian LNG.
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Chevron is "encouraged and excited" after drilling its first successful exploration well in the Eastern Mediterranean block.
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Malaysia plans to launch its 2023 bid round in Q1, hoping to exceed last year’s completion of 18 exploration wells that boasted a 60% success rate in new offshore hydrocarbon discoveries.
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The well is the operator’s third discovery over the past 6 months in the region.
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Northern Nigerian prospect could hold a billion barrels of resource.
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Appraisal drilling at Block 58’s Sapakara South find is underway.
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Two unconventional gas reservoirs were found underlying existing producing fields.
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The four blocks on offer could contain around 4 billion bbl of oil.
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The Norwegian Sea field is expected to come on stream in late 2025.
