Exploration/discoveries
Formerly titled E&P Notes, this monthly snapshot of global E&P activity highlights ongoing developments worldwide.
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
-
BP announced two North Sea discoveries, adding to signs of a revival in play that was looking old, tired, and overpriced a couple years ago. -
Mexico’s Round 2.4 deepwater auction surpassed expectations as 19 of 29 blocks were awarded to 11 firms from 10 countries.
-
The largest Gulf of Mexico lease sale in history is designed to jump-start offshore activity.
-
The Mexican government continues to update its environmental regulations as authorities prepare for the first exploration and production (E&P) auction to feature blocks with unconventional oil and natural gas resources.
-
At an initial production rate of almost 13 MMcf/D, BP’s new well has achieved the highest early-production level in 14 years for a well in the San Juan Basin of Colorado and New Mexico.
-
Many new developments in African exploration and production hold tremendous potential to bring more energy and prosperity to the continent—and shine a light of affordable, abundant energy.
-
As interest in unconventional resources has grown in Europe, so have concerns about the potential environmental impacts of their development.
-
A major offshore discovery led by Talos Energy is the first successful wildcat well drilled by a private company in Mexico in almost 80 years and a milestone for the country’s recently enacted energy reform.
-
Untapped offshore gas reservoirs could easily meet all of the country's domestic needs, while the rest could supply regional neighbors.
-
30 years after being discovered in the North Sea, this heavy-oilfield is now flowing.
