Exploration
News
January 20, 2026
Equinor and ORLEN have discovered gas and condensate in the Sissel prospect near the Utgard field in the North Sea, with recoverable volumes estimated at up to 28 million boe and tie-back options under consideration.
News
January 19, 2026
The Philippines has made its first natural gas discovery in more than a decade, with new reserves at Malampaya East-1 expected to extend the life of the country’s flagship offshore gas field.
News
January 15, 2026
TotalEnergies has partnered with BluEnergies to advance seismic reprocessing and subsurface studies across the Harper basin fan play offshore Liberia.
News
January 13, 2026
Norway has offered 57 new offshore production licenses to 19 companies in the latest APA licensing round, spanning the North Sea, Norwegian Sea and Barents Sea. The move aims to slow production decline on the NCS and support long-term energy supply to Europe.
News
January 13, 2026
Equinor has been awarded 35 new production licenses in Norway’s APA round, strengthening exploration and long-term oil and gas production across the NCS.
News
January 13, 2026
DNO ASA has been awarded 17 exploration licenses in Norway’s APA 2025 round, including four operatorships, reinforcing its high-pace exploration strategy and growing portfolio across the North Sea and Norwegian Sea.
News
January 12, 2026
Navitas Petroleum has signed a non-binding agreement to acquire a 65% working interest in the PL001 licence in the North Falklands basin, adjacent to the Sea Lion development, advancing offshore South Atlantic exploration with multi-billion-barrel potential.
News
January 09, 2026
TotalEnergies and partners Eni and QatarEnergy have signed an agreement with Lebanon to enter the Block 8 offshore exploration permit, with plans for new 3D seismic acquisition.
News
January 07, 2026
Murphy Oil’s HSV-2X appraisal in Block 15-2/17 offshore Vietnam encountered 429 ft of net oil pay and deepened the hydrocarbon column without water, strengthening the field’s high-case resource outlook as further appraisal continues.
News
January 06, 2026
Shell has agreed to acquire a 35% stake in two blocks offshore Angola through a farm-in with Chevron’s subsidiary, reflecting continued IOC interest in approved West Africa exploration despite regional production decline.
News
December 15, 2025
International operators are lining up for new acreage across the MSGBC basin, with rising interest in The Gambia, Guinea-Bissau and deepwater frontier zones. As governments update fiscal terms and accelerate de-risking efforts, the region is positioning itself as West Africa’s next exploration hotspot.
News
December 10, 2025
Viridien has launched a 4,300-sq-km seismic reimaging program over offshore Angola’s Block 22, applying advanced imaging technologies to support the country’s upcoming licensing round and sharpen exploration insight in the Kwanza Basin.
News
December 10, 2025
INA has confirmed new offshore gas reserves in Croatia’s Northern Adriatic after early production testing delivered 120,000 cu m/day from a new development well. The project marks the start of a broader offshore drilling campaign planned through 2026.
News
December 10, 2025
NPDP has taken final investment decision on the Sea Lion oil field offshore the Falkland Islands, clearing the way for first oil in 2028. Phase 1 will include 11 subsea wells tied back to an FPSO, with peak production of 50,000 bpd and additional development phases planned.
News
December 05, 2025
Eco Atlantic’s new strategic partnership with Navitas Petroleum adds fresh momentum to South Africa’s Orange basin, signaling renewed upstream interest and potential drilling acceleration across one of Africa’s most closely watched offshore frontiers.
News
December 05, 2025
Equinor and Aker BP have uncovered new gas and condensate volumes in Norway’s North Sea, with early estimates pointing to up to 113 million boe and tie-in potential to nearby infrastructure.
News
November 25, 2025
Equinor is ramping up offshore activity next year with 26 planned exploration and appraisal wells across the North Sea, Norwegian Sea and Barents Sea—part of a decade-long push to keep Norwegian production strong.
News
November 24, 2025
Suriname has opened 60% of its offshore acreage through a new Open-Door Offering aimed at accelerating exploration in the Guiana basin. The program includes flexible licensing options, competitive fiscal terms, and a new GeoPortal providing discounted access to seismic data.
News
November 19, 2025
BW Energy’s Kharas-1 appraisal well has confirmed the first liquid hydrocarbons in Namibia’s offshore Kudu block, delivering key subsurface data and shaping the operator’s next appraisal steps.
News
November 19, 2025
Pakistan Petroleum Ltd. is constructing an offshore artificial island in the Arabian Sea to support continuous oil and gas exploration. The island—located 30 km off Sindh’s coast—will enable round-the-clock drilling operations as Pakistan accelerates its offshore program following renewed interest in its resource potential.
News
November 17, 2025
Petrobras has confirmed a new post-salt oil discovery in Brazil’s Campos basin, identifying high-quality crude at the Sudoeste de Tartaruga Verde block. The well has been drilled and logged, with lab analysis now underway to assess full reservoir potential.
