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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Data gathered from the well will be used to inform the next steps for Keskesi appraisal. -
The country’s 17th Bidding Round attracted bids on just five of the 92 blocks on offer… and all from Shell.
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Aram block was awarded as part Brazil’s 6th Pre-Salt Round.
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Operator inks $252 million deal for use of newbuild drillship.
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Deal marks the first ADNOC partnership with Pakistani energy companies.
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As Canada, Greenland, and even Norway shy away from developing their Arctic oil and gas resources, only Russia and the US remain in the game as Alaska seeks to renew interest in exploration and development of its North Slope.
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Last year’s GOM auction received high bids on just 93 blocks. Higher oil prices could attract bidders back to the planned lease sale.
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Applications will now be reviewed, and licenses will be awarded sometime in 2022.
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New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.
