Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell.To date no oil or gas has been found in Uruguayan waters, but the licenses have nonetheless drawn tentative interest from energy majors, as recent discoveries in Namibia…
French company TotalEnergies announced on Wednesday some positive results at an exploration well in Namibia and added it would increase its returns to shareholders, as part of an investor day. Analysts had said they were particularly keen to…
TotalEnergies is expected to lay out the potential for its oil discoveries in Namibia at an investor day next week as the French energy firm continues to bet on oil and gas to boost profits while also growing its low-carbon business.The group…
Norwegian oil and gas company DNO announced on Tuesday a gas condensate discovery on the Norma prospect in the Norwegian North Sea.Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 25–130 million barrels of oil equivalent (MMboe) on a P90-P10 basis…
Norwegian oil company Equinor has discovered oil and gas in the North Sea, 130 kilometers northwest of Bergen, Norway, while drilling wells 35/11-26 S and 35/11-26 A.According to Equinor, this is the ninth successful well in this area in 12 attempts since 2019…
U.S.-based Oil and gas company Talos Energy has discovered oil and gas at the Sunspear prospect in the U.S. Gulf of Mexico.Talos Energy shared the news of the discovery this week in its second-quarter results presentation.According to Talos…
APA Corp. said on Wednesday its most recent appraisal well in Block 58 off Suriname's coast confirmed the extension of oil resources 14 kilometers from the discovery well.APA's exploration in Suriname has been closely watched as it could become Suriname's first commercial deepwater project…
UK North Sea-focused oil and gas company Ithaca Energy said Thursday it had discovered hydrocarbons at its K2 prospect, located in Block 22/14c of the Central North Sea of the UK Continental Shelf.Upon entering the reservoir, Ithaca Energy, acting as the operator…
U.S.-based oil company Hess said Wednesday it had made an oil discovery at the Pickerel-1 exploration well in the U.S. Gulf of Mexico.The well is located in Mississippi Canyon Block 727, where Hess holds a 100% stake.The well encountered approximately 90 feet of net pay in high quality…
Malaysian oil and gas company Petronas Carigali said Monday it had made six oil and gas discoveries in five blocks offshore Sarawak, Malaysia.Petronas said that the discoveries were achieved on the back of an intensive domestic exploration drilling…
Wellesley Petroleum AS, operator of production license 1148, has concluded the drilling of wildcat wells 35/10-10 S and 35/10-10 A (Carmen prospect), offshore Norway, and has made a gas/condensate discovery, the Norwegian Petroleum Directorate confirmed Tuesday…
UK North Sea-focused oil company Ithaca Energy has signed a deal to acquire a 40% stake in the Fotla Discovery it doesn't already own and three offshore exploration licenses from Spirit Energy.'The acquisition, which is subject to the satisfaction…
Oil and gas company Deltic Energy Plc on Wednesday announced a significant increase in the estimated oil and gas resources for Shell's Pensacola discovery in the UK North Sea, with the analysis revealing nearly double the initial expectations…
Norwegian oil and gas company DNO on Monday announced a significant gas and condensate discovery on the Carmen prospect, claiming it to be the largest discovery offshore Norway since 2013.Wellesley Petroleum the operator of the offshore license PL1148 in the North Sea…
Guyana-focused oil and gas companies CGX Energy and Frontera Energy Corporation said Wednesday they had discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. 'The Joint Venture…
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