Exploration/discoveries
Sale 262 will be the first new auction covering leases in US Gulf federal waters in 2 years.
Oil and gas companies drilled 75 “high-impact” wells in 2024, representing 5.2 billion BOE.
The $2.9 billion Shah Deniz Compression project, expected online in 2029, will enable additional production of around 50 Bcm of gas and 25 million bbl of condensate.
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Field cluster in the South China Sea expected to produce over 45,000 B/D of oil in 2023. -
UK-based oil company pulls out of South American country after non-commercial finds.
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Sapakara South flow test encouraging, but Bonboni well result disappoints.
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New phase to venerable field ushers in natural gas, lower-emissions focus.
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Santos basin pre-salt find to be further evaluated following completion of well.
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The Yoti West-1 encountered oil in upper Miocene-aged sands.
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The field near Shetland had been the subject of environmental protest.
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Deal with OMV raises interest to 35% on Barents Sea project slated to come online in 2028.
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Planned seismic survey will cover shallow water acreage ahead of a planned bid round in 2023.
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Tests confirm significant progress in deep shale gas exploration at a depth of over 4,000 meters.
