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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Target sands for the Beebei-Potaro well find water. -
Fast-track development options are currently under review for the discovery.
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The operator believes the region has high potential for multiple hub-class targets.
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The South China Sea test could lead to a multibillion-barrel find.
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RODW-1 well is the third success for Eni, Sonatrach in current campaign.
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Eni and TotalEnergies’s newest gas discovery offshore Cyprus confirms geologic ties to Egypt’s Zohr field, the Mediterranean’s largest natural gas field.
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The operator finds around 180 million bbl at Krabdagu, water at Rasper.
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The development comprises a pair of subsea wells tied back to existing infrastructure.
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The award follows BP’s participation in a limited bid round held in 2021.
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New awards and extensions to previous work are valued at almost $500 million.
