Exploration news

The contracts were signed for a total of 4 blocks, S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4th Permanent Concession Offer Cycle, all located offshore Brazil.

The cancelled auction involved oil blocks containing an estimated 22 billion bbl of reserves.

Shearwater Geoservices Holding AS (Shearwater) has announced an award by TotalEnergies for an Angolan OBN project.

Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.

A global exploration company’s decision to cease its search for new gas supply in Victoria’s Otway Basin is a major blow to the state’s energy security and will compound looming gas shortfalls in eastern Australia, according to Australian Energy Producers.

DNO ASA, the Norwegian oil and gas operator, announced the completion of a second well delineating the play-opening 2023 Heisenberg oil and gas discovery in Norwegian North Sea license PL827SB.

The addendum is for the Azeri-Chirag fields and the deepwater portion of the Gunashli field (ACG) in the Azerbaijan sector of the Caspian Sea.

Initial development of Unit 1B formally approved and on track for 1Q25. Export of initial oil cargo on track for end of 2024.

Equinor, alongside its partners, has made an oil and gas discovery at the Gudrun field in the North Sea. 

Planning consent has been received from North Lincolnshire Council for the further development of the Wressle well site.