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DOI Says New USGS Study Finds 'Significant' Undiscovered Oil, Gas Resources
'This new USGS assessment underscores the role of American energy resources in strengthening our energy independence and driving economic development across the West', Secretary of the Interior Doug Burgum said.
4:44 AM EST | May 23, 2025
Inpex Secures More Exploration Acreage offshore Indonesia
Following the award, Inpex signed a PSC with the Indonesian upstream regulator SKK Migas, Petronas Energy Serpang and EO Serpang.
2:18 AM EST | May 23, 2025
Aker BP Makes Oil Discovery Near Skarv Field
One of the targets yielded preliminary estimated recoverable volumes of 3-7 million barrels of oil equivalent.
2:10 AM EST | May 23, 2025
KNOC to Join JV for Otway Exploration Project Offshore Victoria
The joint venture is undertaking exploration activities for natural gas in the Otway Basin offshore Victoria near existing natural gas wells.
9:00 AM EST | May 21, 2025
Equinor Finds Potential CO2 Injection Site in North Sea
Two appraisal wells drilled by Equinor in the North Sea about 12 miles east of the Troll A platform have shown a suitable reservoir for carbon CO2 storage.
4:49 AM EST | May 21, 2025
EOG Secures Oil Acreage in Abu Dhabi
The U.S. company has been awarded Unconventional Onshore Block 3, located in an oil-prone basin in the Al Dhafra region.
2:30 AM EST | May 20, 2025
Tamboran Prepares for Major Drilling in Beetaloo Basin
'Having successfully raised funding to progress drilling activity in the Beetaloo Basin, we are focused on delivering the largest single drilling campaign in the region to date'.
2:30 AM EST | May 19, 2025
Murphy Discovers More Oil in Cuu Long Basin offshore Vietnam
'The Lac Da Hong (Pink Camel) discovery, combined with the recently announced Hai Su Vang (Golden Sea Lion) discovery, deepens our understanding of the resource potential in our Cuu Long Basin blocks'.
8:04 AM EST | May 12, 2025
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Focus On: Shale/Unconventional
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IPR Announces 'Significant Hydrocarbon Discovery' in Egypt's Western Desert
IPR Energy Group announced 'another significant hydrocarbon discovery' in the Yidma field.
10:28 AM EST | May 01, 2025
Marula-1X Well offshore Namibia Turns Up Dry
Drilling targeted Albian-aged sandstones within the Marula fan complex, some 29.2 miles south of the Venus-1X discovery.
2:32 AM EST | April 30, 2025
Sockeye-2 Well Flow Test Proves High-Quality Reservoir: APA
The North Slope well averaged 2,700 bopd during a 12-day test.
10:30 AM EST | April 29, 2025
EnQuest Wins Bidding for 2 PSCs in Indonesia
EnQuest said the award marks its entry into Indonesia, 'a country that offers a broad range of growth opportunities that span the full upstream lifecycle'.
8:00 AM EST | April 29, 2025
Hydrocarbons Discovered at Offshore Namibia Well
BP and Eni confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia's Orange Basin.
5:57 AM EST | April 25, 2025
Turkey Plans Oil and Gas Exploration in Bulgaria, Libya, and Iraq
Turkey is in talks to look for oil and gas in Bulgaria, and is also planning exploration work in Iraq and Libya, Energy Minister Alparslan Bayraktar said.
5:00 PM EST | April 22, 2025
ReconAfrica, ANPG Ink Angola Cooperation Deal
'Our regional geological models indicate that the promising Fold Belt play, known for hosting some of the world's largest fields and covering extensive areas, likely extends into Angola'.
2:30 AM EST | April 21, 2025
TGS Expands its Mauritania 3D Seismic Library
Energy data and intelligence provider TGS has expanded its multi-client data library offshore Mauritania.
10:19 AM EST | April 17, 2025
United Oil Secures Two-Year Extension for Jamaican Asset
United said it has resumed talks with selected parties who had previously expressed interest before the farm-out process was suspended in December 2024.
3:36 AM EST | April 17, 2025
DOI Announces 'Significant Increase' in Estimated Gulf OCS O&G Reserves
The U.S. Department of the Interior announced a 'significant increase in estimated oil and gas reserves in the Gulf of America Outer Continental Shelf'.
10:56 AM EST | April 16, 2025
BP Announces Oil Find in Deepwater US Gulf
BP announced 'an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America'.
10:53 AM EST | April 15, 2025
OGDCL Reports Third Gas and Condensate Discovery at Spinwam-1 Well
The Pakistani company said the discovery had been made in the well's Hangu formation.
3:21 AM EST | April 07, 2025
Kumul Wraps Up Kimu, Barikewa Seismic Program
Papua New Guinea's national oil company expressed commitment to exploring and potentially commercializing previously deemed unviable gas resources in the country.
3:25 AM EST | April 03, 2025
CNOOC Makes 'Major' Oil and Gas Discovery in South China Sea
The Huizhou 19-6 field has now been shown to have over 100 million metric tons of oil equivalent of proven in-place volumes.
4:37 AM EST | March 31, 2025
DNO Announces 'Important' Oil, Gas Discovery in North Sea
'We are on a hot streak in Norway', DNO Executive Chairman Bijan Mossavar-Rahmani said.
9:07 AM EST | March 27, 2025
MOL Discovers Oil in Western Hungary
According to the results, the well located in the Somogysámson oilfield is capable of producing 1,200 barrels per day.
8:00 AM EST | March 24, 2025
APA Hits Oil Discovery on Alaskan North Slope
APA and its partners declared a 'significant' petroleum discovery in the Lagniappe area on Alaska's North Slope.
11:30 AM EST | March 18, 2025
FIRST-NNPC JV Confirms Significant Hydrocarbon Discovery
'Preliminary analysis indicates substantial oil and gas volumes', a statement posted on FIRST E&P's website said.
6:21 AM EST | March 14, 2025
China Extends Subsidies for Unconventional Gas Drilling
China is extending a subsidy program to support unconventional natural gas drilling as it continues to push for new domestic supplies to ensure energy security.
2:18 AM EST | March 13, 2025
BP Reveals Another Discovery Offshore Egypt
'This reinforces BP's commitment to Egypt and its growing energy needs', William Lin, BP EVP Gas & Low Carbon, said.
5:26 AM EST | March 11, 2025
Tanzania Plans to Kick Off 5th Oil, Gas Licensing Round in May
The country's last licensing round was in May 2014.
4:00 PM EST | March 06, 2025
Equinor Makes Gas Discovery in Halten Area of Norwegian Sea
Preliminary estimates indicate 19-44 million barrels of oil equivalent recoverable resources.
2:52 AM EST | March 06, 2025
CNOOC Says Achieved Breakthrough in Buried Hills Exploration in Beibu Gulf
CNOOC declared an oil and gas discovery in the Weizhou 10-5 field, marking a 'breakthrough' in the exploration of Paleozoic buried hills in the Beibu Gulf of the South China Sea.
2:07 AM EST | March 06, 2025
EOG Ventures into Bahrain with Exploration Project
EOG and Bapco Energies will 'evaluate a promising gas exploration prospect in the kingdom'.
8:39 AM EST | March 04, 2025
Halliburton, Sekal Make Drilling Automation Breakthrough
Halliburton and Sekal AS said they delivered the world's first automated on-bottom drilling system.
5:48 AM EST | March 03, 2025
Var Energi Strikes Oil in Barents Sea
The preliminary estimated gross recoverable resources encountered in the well are between 15 million and 43 million barrels of oil equivalent.
3:39 AM EST | March 03, 2025
Canacol Aims to Grow Reserve Base in 2025
Canacol said it plans to drill 11 exploration wells and three development wells in the Lower Magdalena Valley Basin this year.
2:55 AM EST | February 27, 2025
Galp Offers Mopane-3X Update
Galp said it has successfully drilled, cored, and logged the Mopane-3X well.
11:32 AM EST | February 26, 2025
Black Gold Starts Drilling at Indiana Well
The Illinois Basin has a history of producing 10 to 12 million barrels of oil annually, the company said.
7:00 AM EST | February 26, 2025
Norway Raises Estimates for Oil and Gas Resources
Estimated resource volumes on the Norwegian continental shelf rose to 15.61 standard cubic meters of oil equivalent, before accounting for production, as of year-end 2024.
8:18 AM EST | February 24, 2025
Namibia Tempers Oil Expectations After Recent Drilling Campaigns
Namibia is taking a more cautious view on its long-term oil prospects.
9:00 AM EST | February 19, 2025
Pertamina Boosts 2C Resources by 34 Percent
The 2C contingent resource discovery represents a significant increase compared to previous years, marking a growth of 34 percent.
7:00 AM EST | February 19, 2025
Malaysia Awards Two PSCs Offshore Borneo
Petronas signed two production sharing contracts for exploration blocks in the waters of Sabah, the last leases awarded by Malaysia's national oil and gas company under the 2024 bid round.
3:47 AM EST | February 19, 2025
ORLEN Discovers New Gas Field in Poland
ORLEN Group said it has discovered a new gas field in Poznan.
6:58 AM EST | February 17, 2025
ADX Gets Austrian Endorsement for License Amendments
Austria's Finance Ministry agreed to ADX's addition of new contiguous acreage with an equal relinquishment of current area parts in Upper Austria at no additional cost to the company.
4:15 AM EST | February 14, 2025
Tamboran Posts Record Completion Results in Australian Beetaloo Basin
Tamboran achieved record completion results in the Beetaloo Sub-Basin onshore Australia's Northern Territory after stimulating the Shenandoah South 2H sidetrack well.
8:22 AM EST | February 12, 2025
TotalEnergies Advances Drilling Near Venus Discovery in Orange Basin
TotalEnergies finished drilling Tamboti-1X and spudded Marula-1X, both exploration wells in block 2913B - which contains the Venus discovery - on the Namibian side of the offshore Orange Basin.
8:03 AM EST | February 12, 2025
BP Reveals Discovery Offshore Egypt
'This discovery further underscores our continued commitment to explore and appraise for gas resources that support Egypt's energy security and economic growth', said Nader Zaki, BP Regional President for the Middle East and North Africa.
7:00 AM EST | February 12, 2025
Texas Oil Regulator Issued 666 Original Drilling Permits in January
The total includes 607 to drill new oil or gas wells, six to re-enter plugged wellbores, and 53 for re-completions, the RRC said.
7:19 AM EST | February 11, 2025
Tamboran Starts New Well Stimulation Campaign in Australia's Beetaloo Basin
The wells are planned to supply the proposed Shenandoah South Pilot Project, which is expected to produce 40 million cubic feet of natural gas a day with production expected to start mid-2026.
6:05 AM EST | January 30, 2025
Oando Enters Angola with Onshore Award
'Block KON 13 is strategically located in the prolific Kwanza Onshore Basin which represents significant exploration potential in both pre-salt and post-salt plays, with estimated prospective resources of 770 to 1,100 million barrels of oil'.
4:49 AM EST | January 23, 2025
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