Exploration
Article
August 2025
As global offshore exploration surges in 2025, new concepts for floating assets and emerging carbon capture technologies are advancing the energy transition, with safety and sustainability at the forefront of innovation.
News
August 21, 2025
Libya’s eastern parliament is poised to let Turkey explore for energy in the North African nation’s waters, according to people familiar with the matter, in what would be a sign of warming ties between Ankara and the region.
News
August 21, 2025
Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96-134 million barrels of oil equivalent (MMboe).
News
August 19, 2025
Indonesia Energy Corp. (IEC) has signed an MOU with Aguila Energia e Participações Ltda. (AEP). The MOU establishes a collaborative framework for the companies to evaluate and pursue potential oil and gas opportunities in Brazil.
News
August 14, 2025
Gabon is laying the groundwork for a new phase of growth, with recent upstream momentum being fueled by the Bourdon discovery in the offshore Dussafu License in March 2025, alongside production increases led by Perenco, BW Energy and VAALCO Energy.
News
August 14, 2025
Azule Energy, a joint venture between bp and Eni, is fast-tracking its Namibia oil operations as it competes with companies including TotalEnergies SE to be among the first to produce crude in one of the world’s newest hotspots.
News
August 14, 2025
A South African court has overturned a decision granting TotalEnergies environmental authorization for an oil exploration block offshore the country’s west coast, ruling that the environmental impact assessment for the block was “deeply flawed."
News
August 13, 2025
ExxonMobil has signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, a decade after making the world’s largest discovery in a generation in nearby Guyana.
News
August 12, 2025
Indonesia will continue diplomatic talks with Malaysia over the oil-rich blocks in disputed waters instead of pursuing legal action, according to a senior official.
News
August 12, 2025
TotalEnergies SE is planning a fresh drilling campaign offshore South Africa in a vast basin that includes major oil discoveries in neighboring Namibia.
News
August 11, 2025
Vantage Drilling International Ltd. has completed its sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by Vantage Drilling and 75% by TotalEnergies.
News
August 01, 2025
Apus Energy has entered West Africa’s offshore frontier in Guinea-Bissau. With high-impact drilling now underway, the company is set to bring fresh momentum and investor attention to one of the region’s most underexplored hydrocarbon basins.
News
July 31, 2025
Ivory Coast and Eni SpA signed a contract for the acquisition of a new offshore oil-exploration block, according to minutes from a cabinet meeting. The deal has a duration of three years in the first phase and includes a minimum $20 million investment.
News
July 31, 2025
The review comes as Namibia pursues first oil production from its Orange Basin discoveries by 2029 and is geared towards strengthening the competitiveness of investing in the country’s upstream petroleum sector.
News
July 25, 2025
Thailand's PTTEP has signed an agreement to buy 100% of shares of Hess International Oil Corporation, which holds a 50% participating interest in the offshore natural gas Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA).
News
July 25, 2025
Valeura Energy Inc. has entered into a farm-in agreement with PTT Exploration and Production Plc (PTTEP) to earn a 40% interest in Blocks G1/65 and G3/65, in the offshore Gulf of Thailand.
News
July 22, 2025
OMV Petrom and NewMed Energy have awarded a drilling rig contract to Noble Corporation for the drilling of two offshore exploration wells in the Black Sea, offshore Bulgaria. Two exploration wells will be drilled on the Han-Asparuh Block with the selected ultra-deepwater drillship, Globetrotter I.
News
July 21, 2025
Namibia’s former-Minister of Mines and Energy, Tom Alweendo, is spearheading the launch of Alvenco Advisory, a new strategic advisory firm. The launch of Alvenco Advisory comes as Namibia accelerates the development of offshore oil and gas discoveries made in the Orange Basin.
News
July 21, 2025
CEPetroleum (CEP) has made a significant oil discovery in its Wolin East 1 well, offshore Poland. CEP estimates the discovery as the largest conventional hydrocarbon field yet found in Poland, and one of the largest conventional oil discoveries in Europe in the past decade.
News
July 21, 2025
Vår Energi has made a commercial gas and condensate discovery in the Vidsyn exploration well in the Norwegian Sea. The discovery was made on the Vidsyn ridge, which has the potential to hold up to 100 MMboe gross, Vår Energi stated.
News
July 14, 2025
Azule Energy, a joint venture owned equally by bp and Eni, has made a major gas discovery at its Gajajeira-01 exploration well, offshore Angola. The results confirm the presence of hydrocarbons and open new exploration opportunities in the area, Azule said in a statement Monday.
