Management
The agreement requires the partners to conduct their own proprietary 3D survey of Block 8 in hope of zeroing in on the sweet spot that eluded the TotalEnergies-led consortium when it drilled a dry hole in an adjacent block in 2023.
Murphy Oil’s Hai Su Vang (Golden Sea Lion) appraisal well reinforces the commerciality of the 2025 discovery.
The London-headquartered independent acquires position in the US Gulf while preparing Zama for final investment decision.
-
The China National Offshore Oil Corporation said it plans to use water injection, steam huff ’n’ puff, and steamflooding to produce the heavy oil field, with peak production expected in 2026. -
The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
-
Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years.
-
The new vessel, P-78, will be deployed on the Buzios field in the Santos Basin offshore Brazil.
-
The update increases the guidance’s focus on creating a just energy transition.
-
The traditionally Oklahoma-centric producer adds new acreage in west Texas and New Mexico through a pair of purchases.
-
Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
-
As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
-
Tight oil and gas producers in the US are pulling back faster than expected as oil prices stagnate and produced water management constraints grow.
-
Electricity produced onshore powers oil production at Johan Sverdrup holding CO₂ emissions at only 5% of the global average.
