Exploration/discoveries
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
After acquiring the block more than a decade ago, Petrobras has finally found oil in the deepwater area of the Equatorial Margin with the Morpho-1 exploration well.
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The field near Shetland had been the subject of environmental protest. -
Deal with OMV raises interest to 35% on Barents Sea project slated to come online in 2028.
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Planned seismic survey will cover shallow water acreage ahead of a planned bid round in 2023.
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Tests confirm significant progress in deep shale gas exploration at a depth of over 4,000 meters.
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Large gas development expected to come online as early as 2025.
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Producer gets minority interest in two licenses offered in 12th Offshore Round.
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Deal marks state-owned energy company’s entry into Canada’s offshore sector.
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New discovery at Cataback builds confidence in the greater Turbot area.
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Field will deliver gas to Trinidad market from a resource discovered in 2017.
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Operator sites Covid-19 related issues for delayed work on massive land parcel.
