Exploration news

The order is scheduled for delivery in late 2025. The equipment will support DOF’s extensive subsea operations in Brazil.

Pantheon Resources plc, the oil and gas company developing the Kodiak and Ahpun projects near pipeline and transportation infrastructure on Alaska's North Slope, announces the timing of the hydraulic fracture stimulation and associated well testing for the Dubhe-1 well.

TotalEnergies has signed four Production Sharing Contracts (PSC) for the LB-6, LB-11, LB-17 and LB-29 Exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation Licensing Round organized by the Liberia Petroleum Regulatory Agency.

This latest phase spans 151 OCS blocks and expands ultra-long offset low-frequency OBN coverage of the Paleogene trend to provide improved seismic data and subsurface imaging over this geologically complex area.

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.

Argentina: TotalEnergies divests its interest in two Vaca Muerta unconventional blocks.

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.