Ratio Oil Exploration News


Equinor Finds Gas Near Castberg Field in Barents Sea

Jul 10, 2025

Equinor and its partners have made a gas discovery in the Skred prospect, located near the Johan Castberg field in the Barents Sea, off Norway.The 7220/5-4well was drilled about 23 kilometers north of discovery well 7220/8-1 on the Johan Castberg…

Staatsolie Takes Back Offshore Oil Block in Suriname as Hess Exits

Jul 09, 2025

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to Staatsolie.'Hess has fulfilled its minimum work…

Northern Ocean’s DeepSea Mira Semi-Sub Gets Drilling Job off Namibia

Jul 09, 2025

Offshore drilling contractor Northern Ocean has signed a contract with a subsidiary of Rhino Resources for the DeepSea Mira semi-submersible drilling rig, which has been hired for operations off Namibia, starting mid-July 2025.The contract includes one firm well for Rhino…

OKEA Spuds Exploration Well in North Sea

Jul 08, 2025

Norwegian oil and gas company OKEA has spudded an exploration well at the Brage field in the North Sea, offshore Norway, as part of the three-well drilling campaign.The exploration well, to be drilled in the southern part of the Talisker discovery…

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

Jul 07, 2025

SED Energy Holdings, through its wholly owned subsidiary Energy Drilling, has signed a five-year contract with PTT Exploration and Production Public Company Limited (PTTEP) for an offshore drilling campaign using its tender-assist drilling rig…

Petronas Set for Three-Well Drilling Campaign off Suriname

Jul 07, 2025

Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie said in a release on Saturday.Petronas hired…

TotalEnergies to Keep West of Shetland Offshore Assets as Prax Files for Liquidation

Jul 03, 2025

The TotalEnergies West of Shetland offshore assets it agreed to sell to Prax Group last year remain under the French oil major's ownership, it said on Wednesday, so will not be subject to disposals resulting from liquidation proceedings affecting the British company…

Viaro Energy to Boost North Sea Portfolio with Deltic Acquisition

Jun 30, 2025

U.K.-based oil and gas company Viaro Energy has unveiled plans to acquire Deltic Energy in an effort to strengthen its North Sea portfolio, while setting Selene discovery as development priority.The acquisition has been structured as a recommended…

Equinor Strikes Oil in Johan Castberg Area of Barents Sea

Jun 30, 2025

Equinor has found oil in an exploration well, dubbed Drivis Tubåen, on the Johan Castberg field in the Barents Sea.The well, 7720/7-DD-1H, was drilled in the Drivis structure on the Johan Castberg field. According to preliminary estimates, the size of the discovery is 9-15 million barrels of oil…

Hindustan Oil Exploration Company Pauses Output At West India Oilfield

Jun 27, 2025

Hindustan Oil Exploration Company said on Friday it has temporarily suspended production at one of its oilfields in western India due to adverse weather and is monitoring the situation to resume output when the weather improves.The floating…

TotalEnergies Joins APA and Petronas in Suriname’s Offshore Block

Jun 27, 2025

TotalEnergies has signed an agreement to acquire the 25% interest held by Moeve, formerly known as CEPSA, in Block 53, offshore Suriname, joining APA and Petronas as partner in the license.Block 53 lies directly east of Block 58, where TotalEnergies…

Shell, Equinor Unveil Name of UK North Sea’s Largest Oil and Gas Producer

Jun 27, 2025

Equinor and Shell have unveiled the name of their joint venture company, set to become U.K. North Sea’s largest independent oil and gas producer.Adura has been chosen as the name for Equinor’s and Shell’s incorporated joint venture (IJV).With a long-standing presence in the North Sea…

Sierra Leone Awaits Seismic Survey Results Ahead of Possible Oil and Gas Round

Jun 26, 2025

Sierra Leone will wait for the results of a recently-launched offshore 3D seismic survey, its first in over a decade, ahead of potentially opening its next oil and gas licensing round later this year, a senior government official said on Thursday…

Equinor Drills Dry Well in North Sea

Jun 26, 2025

Equinor and its partners have drilled a dry wildcat well on the Lit prospect in the North Sea.The well 25/11-30 S was drilled in production license 169, which was awarded in the 13th licensing round on the Norwegian continental shelf (NCS) in 1991…

TotalEnergies Hires Shearwater for 3D Survey in Africa

Jun 26, 2025

Shearwater Geoservices has secured a 3D marine seismic acquisition contract by TotalEnergies in Sao Tome & Principe on the STP-02 Block.The two-month exploration survey off the coast of Western Africa will start early in the third quarter of 2025 using the SW Empress…

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