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.
-
Companies largely focused on deepwater acreage in the second Gulf lease sale held under the One Big Beautiful Bill Act. -
Operator started planning the development before it made its latest North Sea discovery.
-
Cook Inlet leases have been a hard sell for federal or Alaska state authorities for years, given the environmental sensitivity of the area.
-
This study evaluates the feasibility of drilling a closed-loop, unconventional geothermal system in the Pannonian Basin basement of Romania.
-
Updates about global exploration and production activities and developments.
-
The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November.
-
Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK.
-
The Granat prospect on the Norwegian Continental Shelf may be developed with a subsea tieback to existing infrastructure.
-
Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks.
-
Eni reports its latest deepwater exploration well offshore Côte d'Ivoire found gas and condensate in high-quality Cenomanian sands in the Calao channel complex.
