Oil Discovery News

 

Jadestone’s Flow Test Exceeds Expectations at Australian Offshore Oil Field

Aug 25, 2025

Jadestone Energy has reported that the Skua-11ST development well at the Montara field offshore Australia has delivered initial oil production rates significantly above expectations following successful flow testing.Production from Skua-11ST began in early August…

OKEA Makes Oil Discovery at Brage Field

Aug 25, 2025

Norwegian oil and gas firm OKEA has made oil discovery in the Talisker exploration well at the Brage field in the North Sea.The discoveries were made in the production license PL 055, operated by OKEA with 35.2% working interest, with partners Lime Petroleum 33…

Equinor Finds Oil and Gas Near Troll Field in North Sea

Aug 25, 2025

Equinor and partners have struck oil and gas in the Fram area, nine kilometers north of the Troll field in the North Sea.The discoveries were made in exploration well 35/11-31 S in production license 090, operated by Equinor with 45% working interest…

Watch: Aker BP Drills Omega Alfa

Aug 21, 2025

Aker BP has completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area.The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe)…

ANP to Offer Seven Blocks for Auction Offshore Brazil

Aug 20, 2025

Brazilian oil regulator ANP will offer seven blocks in an upcoming auction for areas to explore in the country's offshore pre-salt region, set to happen on October 22, it said in a statement on Wednesday.Bidding will be opened for Jaspe, Citrino…

Talos Energy Announces Successful Exploration Results at Daenerys

Aug 20, 2025

Talos Energy Inc. announced successful drilling results at the Daenerys exploration prospect located in the U.S. Gulf of America Walker Ridge blocks 106, 107, 150, and 151.The discovery well was drilled to a total vertical depth of 33,228 feet…

Angola Seeks Gas Growth as Oil Output Stagnates

Aug 14, 2025

Optimistic over Angola’s untapped gas potential, Azule Energy is considering another gas exploration well after leading the country’s first drilling campaign targeting gas and hitting success last month, the CEO told Reuters.Angola expects gas…

Court Quashes TotalEnergies Oil Exploration Permit

Aug 14, 2025

A South African court has rescinded an environmental authorisation granted to TotalEnergies and its joint venture partner Shell to explore for oil in a block off the Cape coast, a court judgment seen by Reuters showed.However, the court said…

Trinidad Awards Deepwater Blocks to Exxon

Aug 12, 2025

Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said…

Exxon Mobil Starts Production at Fourth FPSO in Guyana

Aug 12, 2025

An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said…

Brage, YME Field Production Updates

Aug 11, 2025

Lime Petroleum AS  announced that for the full month of July 2025, production at the Brage and Yme Fields combined, net to LPA, was 11,941 barrels of oil equivalent per day (boepd).Brage Field: LPA holds a 33.8434 per cent interest in the Brage Field…

Johan Castberg Pivotal to Future Development of Barents Sea

Aug 10, 2025

The Johan Castberg field is important to the further development of the Barents Sea, says the Norwegian Petroleum Directorate, as it will be producing oil for many years to come, and new discoveries can be incorporated.The Johan Castberg oil field came on stream in March…

Equinor Officially Opens Norway’s Northernmost Oil Field

Aug 08, 2025

Equinor’s Johan Castberg field, Norway's northernmost oil field in Barents Sea that came on stream earlier in 2025, was officially opened by the country’s top officials.Johan Castberg field will produce for at least 30 years, delivering 220…

BP's Major Brazil Oil and Gas Find Boosts Equinor’s Prospects

Aug 06, 2025

BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region.Discoveries nearly two decades ago in the region…

BP’s Second Quarter Profit Beats Expectations

Aug 05, 2025

BP will launch a review of how best to develop and monetise its oil and gas production assets and consider more cost cuts to boost shareholder returns, the oil major said on Tuesday, as it beat second-quarter profit expectations.BP, under pressure…

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DOF Group ASA Contract Award f

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