Ratio Oil Exploration News


Equinor Drills Third Dry Well in Snorre Area Offshore Norway

Nov 11, 2025

Equinor and its partners have drilled a dry well in the Snorre area in the North Sea, offshore Norway.The wildcat well 34/6-9 S, or Avbitertang, was drilled in production license 554, 35 kilometers northeast of the Snorre field and 125 kilometers west of Florø…

BOEM Advances Offshore Minerals Planning Efforts in American Samoa, Northern Mariana Islands

Nov 10, 2025

The Bureau of Ocean Energy Management announced key developments in its offshore critical minerals planning, with the completion of Area Identification offshore American Samoa and the release of a Request for Information and Interest for the Commonwealth of the Northern Mariana Islands…

Odyssey Marine Seeks U.S Offshore Lease for Mineral-Rich Sand Mining

Nov 07, 2025

Odyssey Marine Exploration said on Friday it has sought U.S. regulators' permission to explore and mine mineral-rich sands off the Mid-Atlantic coast, as the country bolsters domestic supplies of materials vital for various industries.The site…

DNO, Aker BP Strengthen Partnership to Fast-Track Kjøttkake Development

Nov 07, 2025

Aker BP and DNO have signed agreements expanding their cooperation in Norway’s North Sea, strengthening Aker BP’s position in the Alvheim area and accelerating the development of the Kjøttkake discovery.The deals involve an exchange of ownership…

Aker BP’s Well in North Sea Comes Up Dry

Nov 07, 2025

Aker BP and its partners have drilled a well in the Yggdrasil area in the North Sea, which proved to be dry.The well 30/11-16 S, or ‘Natrudstilen’, was drilled in production license 873, just over one kilometer east of Fulla and 155 kilometers west of Bergen…

Halliburton Gets Shell’s Drilling and Completions Contract Offshore Nigeria

Nov 07, 2025

Halliburton has secured an integrated drilling and completion services contract for the HI gas field development in OML 144 offshore Nigeria by Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies…

BP-ADNOC JV Secures Rights for Harmattan Field Offshore Egypt

Nov 07, 2025

Arcius Energy, a joint venture between ADNOC’s XRG and BP, has secured full production and exploration rights for the Burj offshore concession in the Mediterranean, which includes Harmattan gas field offshore Egypt.The agreement was signed during…

Gunvor Faces Financing and Regulatory Hurdles in Lukoil Deal

Nov 07, 2025

Russian energy group Lukoil's foreign empire is suitor Gunvor's biggest acquisition target to date but looks far beyond the Swiss trader's borrowing capacity, bankers and insiders say.Lukoil launched the sale of foreign assets on October 27 after coming under fresh U…

Exxon Signs Deal for Natural Gas Exploration Offshore Greece

Nov 06, 2025

Exxon Mobil has signed a deal to explore for natural gas offshore Greece, increasing the U.S. presence in the eastern Mediterranean just as the Trump administration seeks to replace Russian energy flows into Europe.The United States, which holds vast reserves of domestic natural gas…

TGS and Chevron Sign Data Acquisition Deal

Nov 05, 2025

TGS and Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services.The minimum firm commitment under the three-year term of the capacity agreement is 18 months of a combination of OBN and streamer acquisition services…

Petronas, Chevron Sign Contracts for Production Offshore Suriname

Nov 05, 2025

Two consortia led separately by Malaysia's Petronas and U.S. Chevron have signed production-sharing contracts with Suriname's Staatsolie to explore and develop two offshore areas in the South American country, the state company said on Wednesday…

Chevron Nears Investment Decision to Expand Leviathan Gas Field

Nov 05, 2025

Chevron is nearing a final investment decision for a capacity expansion of the Leviathan gas field off Israel's Mediterranean coast, but is still waiting for an Israeli permit to export the gas to Egypt as part of a $35 billion deal, it said on Wednesday…

DOF Group ASA Shares Q3 2025 Financial Report

Nov 05, 2025

DOF Group ASA's revenue for 3rd quarter totals USD 501 million and EBITDA totals USD 205 million. The operating profit (EBIT) is USD 138 million. Net financial cost amounts to USD -1 million, including unrealized currency gain of USD 20 million…

ConocoPhillips Begins Drilling Offshore Eastern Australia

Nov 04, 2025

U.S. independent ConocoPhillips began drilling its first exploration well as part of larger campaign searching for natural gas offshore eastern Australia, 3D Energi, its junior partner in the project, said on Monday.Work began over the weekend on the Essington-1 well…

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