Portugal’s Galp, Brazil’s Petrobras, U.K.’s Shell and Agência Nacional do Petroléo de São Tomé e Principé (ANP-STP) have formed a joint venture focused on early-stage exploration block offshore the African country.Galp has reached a farm-in agreement with KE STP Company…
BP's recent discovery of a giant oilfield offshore Brazil has reignited investor enthusiasm, echoing the aggressive exploration era two decades ago when companies were thirsty for resources amid fears the world was running out of oil.The announcement of the Bumerangue discovery…
Egypt signed three investment agreements worth more than $121 million for oil and gas exploration in the Western desert, Suez Gulf and north of Sinai, the Egyptian petroleum ministry said on Sunday.The deals were with Parenco Egypt, Dubai-based Dragon Oil and Apache…
Malaysia's oil and gas producer Petronas plans to drill a fourth well by the first quarter next year at offshore Block 52 in Suriname, the government and state company Staatsolie said.Petronas, which has discovered gas reserves in the block…
Viridien has started the processing and imaging phase for the Utsira North multi-client Ocean Bottom Node (OBN) seismic survey in the Norwegian North Sea, to support exploration and development on the Norwegian Continental Shelf.The processing…
BP has signed a memorandum of understanding (MoU) with the Egyptian government to evaluate opportunities for a five-well drilling program in the Mediterranean Sea.The program, at water depth ranging from 300 to 1,500 meters, is designed to accelerate…
Thailand’s state-owned oil and gas company PTT Exploration and Production (PTTEP) has reached the final investment decision (FID) on carbon capture and storage (CCS) project at its producing Arthit gas field, offshore Thailand.This milestone marks Thailand’s first CCS development…
Norway's energy ministry said on Thursday it has received applications from 20 oil and gas companies seeking exploration acreage in the government's annual mature-areas (APA) licensing round.This year's round will contain more acreage in the Arctic Barents Sea…
French seismic firm Viridien, in collaboration with joint venture partner TGS, has started the Megabar Extension Phase I survey in the Barreirinhas Basin offshore Northern Brazil.The 5,300 sq km multi-client 3D seismic survey will be acquired…
Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in Campos Basin and the emerging Equatorial Margin, two of Brazil’s most strategically important regions…
French seismic firm Viridien has taken ownership of seismic field data from the Momentum survey, which will be incorporated into Laconia, the company’s sparse ocean bottom node (OBN) program in the U.S. Gulf.The new coverage will extend Viridien’s…
TotalEnergies, together with its partner South Atlantic Petroleum, have signed the Production Sharing Contract (PSC) for two exploration licenses offshore Nigeria.The PSC was signed for the PPL 2000 and PPL 2001 licenses, in which TotalEnergies is the operator with 80% working interest…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for an exploration well in the Norwegian Sea.The permit is for wellbore 6407/1-B-2 H in production license 1121, operated by Equinor with 36.4% working interest.Other partners in the license include TotalEnergies with 29…
TotalEnergies and its partners QatarEnergy and Société Nationale des Pétroles du Congo have been awarded an exploration license for the Nzombo offshore block in the Republic of Congo.Under the terms of the production sharing contract signed with the Congolese Government…
Egypt has signed four agreements with international firms worth more than $340 million to explore oil and gas in the Mediterranean and Nile Delta, the Petroleum Ministry said on Saturday.The deals, signed by the state-owned Egyptian Natural Gas Holding Company (EGAS)…