Exploration news

Removing the ban on petroleum exploration beyond onshore Taranaki is part of a suite of proposed amendments to the Crown Minerals Act to deal with the energy security challenges posed by rapidly declining natural gas reserves, Resources Minister Shane Jones says.

QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.

The company has been awarded three well services contracts in Malaysia, marking a significant milestone in the company's position in the Asia Pacific region.

Hibiscus Petroleum Berhad has announced that its wholly-owned subsidiary, Hibiscus Oil & Gas Malaysia as the operator of the PM3 commercial arrangement area production sharing contract, has successfully completed the drilling of the Bunga Aster-1 exploration well.

Petrobras and bp signed a memorandum of understanding (MoU) with the purpose of promoting discussions and collaboration between the companies.

Researchers from Petrobras, the Geological Survey of Brazil (SGB), and 10 universities from the states that make up the geographical region of the Equatorial Margin, as well as two research institutions from the Southeast, has embarked for a scientific expedition on the Hydroceanographic Research Vessel (NPqHo) "Vital de Oliveira," operated by the Brazilian Navy.

ExxonMobil Guyana has announced a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery of 2024.

The United States produced more crude oil than any nation at any time, according to the International Energy Statistics, for the past six years in a row.

The company has signed, together with its partner QatarEnergy, an agreement to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam, and Ricocure.

Leading the new deals is the purchase of 25 000 STRYDE Nodes™ by first-time client, Ukrainian seismic acquisition firm, Georozvidka LLC.