This transaction strengthens Petrobras’ exploratory activities on the African continent, with the purpose of portfolio diversification, and is aligned with the company’s long-term strategy, aiming to replenish oil and gas reserves through exploration of new frontiers and partnership operations.
Egypt has entered into four oil and gas exploration agreements with international companies valued at more than $340 million (E£16.52 billion), aiming to bolster domestic production in the face of growing energy demand.
The permits were awarded following the 2024 Exploration Round organised by the Nigerian Upstream Petroleum Regulatory Commission.
Aminex, the oil and gas exploration and development company focused on Tanzania, has provided an update to operations.
Equinor and partners have struck oil and gas in the Fram area, nine kilometres north of the Troll field in the North Sea.
Aker BP has successfully 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.
Chevron expects Vaca Muerta to play a larger role in its portfolio in the coming years.
Valmet signs a strategic agreement to deliver valve services to Petrobras in Brazil.
bp announces an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil.
Argentina: TotalEnergies divests its interest in two Vaca Muerta unconventional blocks.
In early 2025, the vessel underwent significant upgrades to expand its capabilities and improve performance for modern survey demands.
Estimated oil and gas resources in Wolin East constitute the largest conventional hydrocarbon field yet discovered in Poland, and one of the largest conventional oil discoveries in Europe in the past decade.
Equinor has struck oil in exploration well 7720/7-DD-1H, Drivis Tubåen, on the Johan Castberg field in the Barents Sea.
Equinor has deepened its position in the Santos basin after winning the S-M-1617 block during Brazil's 5th Open Permanent Concession bid round.
The 40 federal leases include 13 blocks located in the Walker Ridge area, 9 blocks in the Mississippi Canyon area and 18 blocks in the East Breaks area.