Discoveries News


Neptune Energy Finds Hydrocarbons at Hamlet Well, Offshore Norway

Mar 21, 2022

Oil and gas company Neptune Energy said Monday it had encountered hydrocarbons at the Hamlet exploration well in the Norwegian sector of the North Sea.'Having entered the reservoir, located within the Gjøa licence (PL153), logs encountered hydrocarbons and a decision was made to initiate coring…

Borders & Southern Petroleum Looking to Raise Cash for Working Capital, Darwin Discovery Work

Mar 04, 2022

Borders & Southern Petroleum, a company with oil and gas exploration assets offshore the Falkand Islands, is looking to raise $1.8 million via a placement of shares. It will use the proceeds for general working capital purposes and for work on its Darwin offshore discovery in the Falklands…

TotalEnergies Makes 'Significant' Oil and Gas Find Offshore Suriname

Feb 21, 2022

TotalEnergies said Monday it has made a significant new oil and associated gas discovery at the Krabdagu-1 well offshore Suriname. Made in the central area of offshore Block 58, the discovery follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi…

Factbox: Offshore Discoveries Turn Tiny Guyana into Oil Hotspot

Feb 17, 2022

A string of offshore oil discoveries has turned Guyana, a tiny South American country with fewer than 800,000 people, into one of the hottest exploration and production frontiers in decades.Since 2015, oil companies operating off its coast have…

CGX Energy to Start Dredging, Dock Construction for Port in Guyana

Feb 17, 2022

Canada-based oil company CGX Energy OYL.V will begin dredging and building the docks of a key deepwater port at Berbice, in eastern Guyana, planned to serve the South American nation's oil and agriculture sectors, the firm's chairman said on Wednesday…

UAE's Dragon Oil Strikes Oil in Gulf of Suez

Feb 15, 2022

United Arab Emirates-based Dragon Oil has made its first oil discovery in the Gulf of Suez, the Egyptian petroleum ministry said in a statement on Tuesday.The discovery is one of the largest in the area in the past 20 years, it said, adding…

Namibia Aims for First-ever Oil Output by 2026 after Shell Offshore Find

Feb 07, 2022

Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday.Shell on Friday said the exploration well off the…

Shell's Partners Confirm Oil Discovery at Graff-1 Well Offshore Namibia

Feb 04, 2022

Following recent reports that Shell has made an oil discovery offshore Namibia, the confirmation came Friday from its partners QatarEnergy and NAMCOR.QatarEnergy, which used to be called Qatar Petroleum, has confirmed that oil was found in a deepwater exploration well drilled in the Orange Basin…

Eni Makes Gas Discovery in Its First Well Offshore Abu Dhabi

Feb 03, 2022

Italian oil and gas company Eni said Thursday it had made a gas discovery at the well XF-002, being drilled the offshore Block 2 in Abu Dhabi (UAE) in 115 ft of water depth, Eni's first in the block.'The well interim results indicate a range of 1…

Reuters: Shell Makes 'Significant' Oil and Gas Discovery Offshore Namibia

Jan 25, 2022

Shell has made a significant oil and gas discovery at a closely-watched offshore well in Namibia which could spark a wave of investment in the southern African country, three industry sources told Reuters.Namibia is not a fossil fuel producer…

Kuwait's KUFPEC Makes First Operated Offshore Discovery in Indonesia

Jan 24, 2022

Kuwait Foreign Petroleum Exploration Company (“KUFPEC”) said Sunday that its subsidiary KUFPEC Indonesia had made a commercial discovery of gas and condensate in the Anambas Block, offshore Indonesia.  KUFPEC Indonesia made the discovery through the drilling of the Anambas-2X well…

Brazil, Guyana, and Suriname In Energy Alliance Push

Jan 20, 2022

The heads of state of Brazil, Guyana, and Suriname this week will take the first steps toward forging an infrastructure that would better share the neighboring South American countries' energy and natural resources.Brazil's President Jair Bolsonaro…

U.S. Gulf of Mexico: 'Encouraging Result' at Winterfell-2 Offshore Well

Jan 18, 2022

The drilling of Beacon Offshore Energy's Winterfell-2 appraisal well on Block 943 in the Green Canyon area of the U.S. Gulf of Mexico has been completed with the well showing encouraging results, Kosmos Energy, a partner in the project said Tuesday…

Chariot Makes 'Transformational' Gas Find at Anchois Well, Offshore Morocco

Jan 10, 2022

Oil and gas company Chariot has said it has made a significant gas discovery at the Anchois well in the Lixus License, offshore Morocco.Using Stena Drilling's Stena Don semi-submersible drilling rig, Chariot drilled the Anchois-2 appraisal and exploration well to a total measured depth of 2…

ExxonMobil Makes Two Oil Discoveries Offshore Guyana. Liza Unity FPSO on Track for First Oil in 1Q

Jan 05, 2022

Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource estimate of 10 billion oil-equivalent barrels.The Fangtooth-1 well, drilled with the Stena DrillMAX drillship…

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