Exploration/discoveries
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.
Equinor, ADNOC, Eni, Santos, Saipem, and Halliburton lead this week’s offshore energy headlines, with a new Barents Sea discovery, a $6.2 billion UAE gas project FID, and major contract awards across Côte d’Ivoire, Iraq, Libya, and Romania. Key updates also include progress at Santos’ Barossa and Pikka developments and new North Sea drilling commitments from Equinor a…
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The operator estimates discovering more than 96 million BOE of recoverable volumes with its latest Norwegian North Sea exploration activity. -
The new schedule plans for sales in the US Gulf and Alaska through 2039.
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The number of high-impact wells drilled across the globe this year are expected to be on trend with the most recent 5-year average.
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BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule.
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Updates about global exploration and production activities and developments.
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The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
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Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
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As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
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Updates about global exploration and production activities and developments.
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Sale 262 will be the first new auction covering leases in US Gulf federal waters in 2 years.
