Exploration/discoveries
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
Companies largely focused on deepwater acreage in the second Gulf lease sale held under the One Big Beautiful Bill Act.
Operator started planning the development before it made its latest North Sea discovery.
-
Guyana continues to strengthen its reputation as the world’s fastest growing offshore exploration hotspot. -
The Italian oil and gas company used a “fast track” model to get the first production well flowing from the Agogo field.
-
A significant discovery of oil off Suriname increases the odds that major oilfields off Guyana will extend across that international boundary.
-
The Arab world’s most populous country has awarded a string of concessions in a bid to become the region’s next major supplier of natural gas.
-
Under the agreement, the Oklahoma City independent will monetize half of its working interest in 133 undrilled locations in the form of a $100-million drilling carry during the next 4 years.
-
The Quesqui field is expected to be the biggest onshore find in Mexico since 1987.
-
Chinese firms stepped in for the majors in Brazil’s two underwhelming offshore auctions.
-
The Caribbean nation hopes the auction will lead to at least two exploration projects in a region that has become increasingly attractive thanks to new discoveries and investments made in neighboring countries.
-
The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”
-
This new development is the first to recover commercial quantities of oil in the UK from reservoirs that are generally considered non-productive.
