Exploration/discoveries
GranTierra 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.
Sixteen companies submitted 69 bids worth $99.5 million in the Big Beautiful Gulf 3 sale.
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The announcement underscores the potential importance of the Orange Basin. -
Preliminary evaluation indicates gross recoverable resources of 120 million–230 million BOE.
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UK Prime Minister Rishi Sunak commits to future oil and gas licensing rounds as new analysis shows domestic gas production has around one-quarter the carbon footprint of imported liquefied natural gas.
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OMV’s discovery of a domestic gas resource coincides with its agreement to import LNG from BP to be regasified in Rotterdam, as Austria knits together a strategy to ensure its energy security.
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The Pickerel-1 well encountered 90 ft of high-quality oil-bearing Miocene reservoir and will be tied back to the Tubular Bells production facilities.
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The Irpa gas field, Verdande oil field, and Andvare production-well tiebacks will extend the lives of the mature Aasta Hansteen and Norne fields into the late 2030s.
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The Carmen gas discovery offshore Norway was far bigger than expected and a short tieback away from production.
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Benriach well finds subeconomic natural gas accumulation.
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CNPC’s record-breaking 11,100-m exploration borehole in the Taklamakan Desert promises to unlock the science of producing oil and gas trapped in the world’s deepest reservoirs.
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First gas is flowing from IOG’s Blythe H2 well, part of the Southern Banks gas development in the UK southern North Sea.
