Exploration/discoveries
As Egypt’s largest oil and gas investor, Eni is ramping up its 2026–2027 drilling campaign with new investments cross the Mediterranean offshore, Nile Delta, Western Desert, and offshore Sinai to strengthen the country’s role as a regional gas and LNG export hub.
Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off.
This energy roundup highlights major global developments, including Western Australia’s approval of Woodside’s Browse gas project, TotalEnergies’ FID for Cyprus’ first gas development, and new oil and gas discoveries offshore Colombia, Namibia, and Angola. Read the latest updates on LNG projects, exploration successes, seismic surveys, and strategic upstream investmen…
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FPSO will feed gas from GTA development to nearby FLNG infrastructure. -
Development duo is expected to add more than 12,000 B/D of oil production at peak.
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An independent consultant believes the find could hold 1.7 billion bbl of recoverable reserves.
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The previous wells in the program have exceeded type curve estimates.
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The sale had 307 valid high bids worth more than $190 million.
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The deepwater find will now be delineated to verify size.
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The new well results boost Baleine field volumes in place by 25%.
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The operator expects most of the field’s estimated 90 million BOE to be oil.
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The project comprises a pair of subsea wells tied back to the host spar.
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If successful, the production could be tied back to the nearby Gjoa platform.
