Portugal's Galp has been awarded three offshore blocks as part of Brazil’s fifth Open Permanent Concession bid round.Galp acquired offshore early-stage exploration blocks P-M-1670/1672/1741 in the Pelotas basin, in the southern region of the country…
Equinor has secured a new exploration opportunity in Brazil, having won the license for S-M-1617 offshore block in Santos Basin during the country’s fifth Open Permanent Concession bid round.The S-M-1617 license in Brazil was secured by Equinor…
Australian oil and gas company Karoon Energy has secured interest in six blocks in the Santos Basin, offshore Brazil, in the ANP fifth Permanent Offer Bid Round for Concession Contracts.Two of the blocks, S-M-974 and S-M-1038, are located approximately 17 kilometers from the Neon field…
Exxon Mobil and Chevron on Tuesday took their first steps toward eventually exploring oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned by the country in the promising but environmentally-sensitive area.The move marks…
African energy explorer Rhino Resources and its partner Azule Energy will drill the new Volans-1X exploration well offshore Namibia in late July or early August, a company spokesperson said on Tuesday.The Volans prospect is being investigated…
Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream assets in Indonesia and Malaysia.The companies announced a joint venture framework…
U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has secured two-year extension of the exploration period for two blocks located in moderate to deep waters offshore Vietnam.The approval has been received…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the Weizhou 5-3 oil field development project in Beibu Gulf Basin in the South China Sea.The main production facility includes one self-installing wellhead platform…
TotalEnergies has signed an agreement with Shell Brasil Petróleo to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field.Through the agreement TotalEnergies…
Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, has completed the farm-in agreement in the Orange Basin block, securing the full operatorship and exploration rights offshore South Africa.Eco has now secured…
Portugal's Galp expects to boost its oil and gas production in Brazil by around 40% over the next few years, when the promising offshore field Bacalhau reaches peak output, executive board member Nuno Bastos told reporters.Galp produces 110…
Eni has started gas production from the Merakes East field in the Kutei Basin offshore Indonesia, the Italian energy group said on Tuesday in a statement.The field is part of the East Sepinggan block, where Eni holds an 85% operating stake,…
Petrobras has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block, offshore Brazil.Well 3-BRSA-1396D-SPS is located 248 km from the city of Santos-SP, at a water depth of 1…
ConocoPhillips beat Wall Street estimates for first-quarter profit on Thursday and said Chief Financial Officer Bill Bullock will retire after 39 years with the Texas-based oil and gas producer.The $22.5 billion acquisition of Marathon Oil has boosted ConocoPhillips' presence in the Permian…
