Light oil was discovered in Palaeocene sandstones of good reservoir quality with preliminary estimates of gross recoverable resources in the range of 27 – 57 million boe on a P90-P10 basis, with a mean of 41 million boe.
Springfield Exploration and Production has successfully completed appraisal well test activity at the Afina oil and gas discovery, offshore Ghana.
Under the agreements, Eni will be able to explore the area for up to 9 years.
GeoPark has announced that it has signed agreements to acquire Repsol upstream oil and gas assets in Colombia.
Gran Tierra Energy Inc. has announced exploration success in Ecuador and a strategic joint venture transaction and partnership to accelerate value in high-impact Canadian Montney oil play with Logan Energy Corp.
QatarEnergy has entered into an agreement with TotalEnergies to acquire an additional 5.25% interest in block 2913B (PEL 56) and an additional 4.695% interest in block 2912 (PEL 91), both located in the Orange Basin, offshore Namibia.
bp has announced that it has been awarded the NCMA 2 block offshore Trinidad as part of the Shallow Water 2023/24 bid round that closed in May 2024.
Cameron Devers, Tyler Abla, and Gage Russell, Taurex Drill Bits, USA, delve into the use of computer vision for PDC cutter damage classification, demonstrating how advanced image analysis is transforming the field.
ExxonMobil Exploration & Production Suriname B.V. has formally notified Suriname’s national energy company, Staatsolie, that it will withdraw from Block 52 in the Surinamese offshore area effective 14 November 2024.
DUG Technology has announced a new partnership with PetroVision aimed at promoting and delivering specialised seismic data processing solutions in Nigeria.
The achievement is expected to contribute significantly to Pakistan's energy security.
President-elect Donald Trump has chosen oil and gas industry CEO Chris Wright as his next energy secretary, with Trump seemingly intent on fulfilling his election promise to increase exploration and production.
Equinor has announces that it has struck oil and gas near the Fram field in the North Sea. The discovery is estimated at between 13 and 28 million boe.
Elemental Energies and Archer announce global P&A well engineering joint venture.
GeoPark Ltd, an independent Latin American oil and gas explorer, operator, and consolidator, has announced the successful start of production in the Confluencia Norte Block (GeoPark non-operated, 50% WI) in Rio Negro, Argentina.