TotalEnergies has signed agreements to acquire a 42.5% operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments Holdings (Eight) and Maravilla Oil & Gas.
Rex International Holding Ltd, together with its subsidiaries, has announced that a discovery has been made in the “Knockando Fensfjord” prospect in the Brage Field.
As Angola reinvigorates its onshore basins through regulatory reform and flexible licensing, independent oil and gas companies are stepping forward to drive a new wave of inland exploration and production growth.
PT Elnusa Tbk (Elnusa), Indonesia’s leading integrated energy services company, continues to reinforce its technology and innovation edge by investing in next-generation nodal seismic systems to accelerate onshore exploration activities across the country.
Chevron’s South N’dola Platform in Angola delivered first oil in December. The milestone comes just over two years after construction on the platform began.
Equinor has been awarded 35 new production licenses by the Ministry of Energy in this year's APA, Awards in Predefined Areas.
Exploration spending faces pressure as industry pivots to strategic acreage deals, giant field redevelopment, and next-generation geothermal commercialisation.
Estimates indicate 600 billion ft3 of gas initially in place (GIIP) with a potential upside beyond 1 trillion ft3.
US Lower 48 rig count to fall below 500 while gas assets drive M&A rebound in 2026.
With 17 high impact wells completed in 2025, Africa will need significant investment to support natural gas demand in the near-medium term.
Viridien successfully completes BM-S-2 seismic reimaging project in the southern Santos Basin.
TotalEnergies and Galp agreed to launch an exploration and appraisal campaign including three wells over the next two years, with a first well planned in 2026, to further derisk resources and progress diligently toward the development of the Mopane discovery.
Aker BP and operator Equinor have made a significant gas and condensate discovery in the Lofn and Langemann wells in the Sleipner area of the North Sea. Gross recoverable volumes are estimated at 30 to 110 million boe.
These are Equinor’s largest discoveries so far this year and can be developed for the European market through existing infrastructure.
Uncrewed technology collaboration in US Gulf of Mexico, from Sonardyne and SeaTrac Systems.