Exploration/discoveries
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Spain has granted permits covering a swath of the mountain range to Mantle8 for natural hydrogen and helium exploration a month after France granted the company similar permits.
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
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BP’s most recent discovery in Namibia is the eleventh globally in 2025 since the UK major refocused its investments strategy back to its core oil and gas businesses. -
Updates about global exploration and production activities and developments.
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Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development.
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A total of 20 companies submitted applications for new exploration blocks offshore Norway.
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Egypt’s newest round of drilling agreements advances its quest to boost investment in mature fields to stop the freefall in gas production.
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Updates about global exploration and production activities and developments.
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While new imaging capabilities are rejuvenating old data so explorers can discover hydrocarbons, finding and developing reserves is increasingly complicated.
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The operator estimates discovering more than 96 million BOE of recoverable volumes with its latest Norwegian North Sea exploration activity.
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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.
