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.
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The EIA issued a new forecast for US oil production as a result of US President Donald Trump’s recently announced tariffs. -
The operator’s deepwater discovery in the Gulf of Mexico is potentially commercial, and government analysis indicates the gulf holds 1.3 billion BOE more reserves than estimated.
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As part of Italy's Mattei Plan—named after Enrico Mattei, Eni's first chairman—Eni will invest close to $9 billion each in Algeria, Libya, and Egypt.
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The test marks a milestone in the Poseidon CCS project, which aims to store carbon dioxide in the depleted gas reservoir below the Leman development in the southern North Sea.
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Terra Drone will support Aramco's operations and Saudi Arabia's technological and economic progress.
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Offshore activity is expected to begin in 2027 with first oil from the 20K-psi project slated for 2028.
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The project is the most northern field offshore Norway to begin production.
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Brazil’s ANP extends BW Energy’s contract for the deepwater field from 2031 to 2042, and BW plans to further develop the field.
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The shallow-water subsea tieback to the Jupiter platform is expected to produce about 250 MMcf/D of gas at peak.
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Ginger is among the 10 upstream projects that BP plans to bring on-stream by 2027 after resetting its strategy to raise oil and gas investments to $10 billion per year.
