Exploration news
Egypt secures new oil and gas exploration contracts worth $340 million
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.
TotalEnergies awarded two offshore exploration permits in Nigeria
The permits were awarded following the 2024 Exploration Round organised by the Nigerian Upstream Petroleum Regulatory Commission.
TotalEnergies divests its interest in two Vaca Muerta blocks
Argentina: TotalEnergies divests its interest in two Vaca Muerta unconventional blocks.
Oil discovery in the Johan Castberg area in the Barents Sea
Equinor has struck oil in exploration well 7720/7-DD-1H, Drivis Tubåen, on the Johan Castberg field in the Barents Sea.
Equinor announces Brazil exploration block award
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.
TotalEnergies enters 40 Chevron-operated exploration blocks
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.
MOL Group and SOCAR set key terms for onshore exploration in Azerbaijan
MOL Group and SOCAR have agreed on key terms for an onshore exploration opportunity in Azerbaijan.
bpTT announces first gas from Mento development offshore Trinidad and Tobago
Mento is one of bp’s 10 major projects expected to start up worldwide between 2025 and 2027 that bp announced earlier this year as part of its strategy to grow the upstream.
MOL Group and Turkish Petroleum join forces to explore hydrocarbons in Hungary
Granted rights for joint hydrocarbon exploration in two Hungarian concession areas, Tamási and Buzsák.
Wood to support Petroleum Development Oman’s future project portfolio
Three year contract to provide specialist technical support to Petroleum Development Oman (PDO).