Block News

 

Capricornus Prospect in Namibia’s Orange Basin Delivers Oil Discovery

Apr 24, 2025

Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia.The Capricornus 1-X well, spudded on February 17, using Noble Corporation’s Noble Venturer drillship…

EnQuest Bags Two Production Sharing Contracts off Indonesia

Apr 23, 2025

U.K.-based oil firm EnQuest, and its joint venture partners, have been confirmed as the winning bidders for two Production Sharing Contract (PSC) blocks in Indonesia’s Papua Barat, including Gaea and Gaea II.The blocks present a multi-Tscf unrisked…

US Launches Preps for Expanded Offshore Drilling

Apr 21, 2025

The U.S. Interior Department on Friday said it would begin taking public input for a new five-year offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize energy development.President Donald…

Chevron, Others Exit Egypt’s Red Sea Concessions After Making No Finds

Apr 21, 2025

A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks after making no finds and have channeled their resources elsewhere in the country, the Egyptian petroleum ministry said…

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Apr 21, 2025

MODEC has been awarded a contract by ExxonMobil Guyana to develop an FPSO for the Hammerhead project.The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day (BOPD), along with associated gas and water. It will be moored at a water depth of approximately 1…

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Apr 16, 2025

India has extended an auction of deep-sea blocks containing critical minerals used in electric vehicle batteries and other products until May 1, a spokesperson at India's Ministry of Mines said on Wednesday.China is a top global producer of 30 of the 50 minerals considered critical by the U…

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Apr 16, 2025

Indonesia awarded five oil and gas blocks to companies, its energy ministry said on Wednesday, as it attempts to replenish its oil and gas reserves and improve its energy security.Over the coming years, the government plans to offer nearly 60…

Guyana’s Fourth FPSO Ready for Installation

Apr 15, 2025

A consortium led by U.S. oil major Exxon Mobil is about to begin installing its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday.The floating production storage and offloading (FPSO) facility 'One Guyana…

ExxonMobil Drill Offshore Cyprus Fails to Find Gas in Commercial Amounts

Apr 14, 2025

An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's energy ministry said on Monday.Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus…

Australian Oil Firm Makes Move to Acquire Share in Namibia’s Offshore Block

Apr 14, 2025

Australia-based oil exploration and production company Grand Gulf Energy has entered into a binding option agreement to acquire 100% of Wrangel, which is an applicant for a 70% working interest in a license at Walvis Basin, offshore Namibia…

BP, Chevron Make Deepwater Oil Discovery in Gulf of America

Apr 14, 2025

BP and its partner Chevron have made an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America.BP drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles (193 kilometers) off the coast of Louisiana in 4…

Petrobras Eyes Exploration Opportunities in India

Apr 10, 2025

Brazil's Petrobras is weighing opportunities from an oil block auction set to take place this year in India, said the state-run oil firm's head of exploration and production, Sylvia dos Anjos, on Thursday.Petrobras has already collected data…

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Apr 10, 2025

Pakistan's Oil and Gas Development Company Limited (OGDC) expects to start production in Abu Dhabi's Offshore Block-5 by 2027, while also increasing domestic oil and gas output and diversifying into minerals, its CEO said on Wednesday.OGDCL…

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