Exploration
Article
May
After a long period in the regulatory “wilderness,” East Canada’s Nova Scotia province looks to make up for lost time in developing its oil and gas potential.
News
May 21, 2026
TotalEnergies is expanding its Angola offshore strategy through deepwater developments, frontier exploration and brownfield optimization projects, including the Kaminho development and new exploration blocks in the Benguela and Namibe basins.
News
May 20, 2026
bp has signed three production sharing contracts in Indonesia, expanding its upstream portfolio near the Tangguh LNG project in Papua Barat and adding participation in the Barong block offshore East Java.
News
May 13, 2026
TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and assessment of the country’s deep offshore resource potential.
News
May 12, 2026
Block Energy is entering the offshore Gabon upstream sector through an investment tied to the Ndjila and Mpari PSCs, adding discovered oil resources and exploration upside while launching a $6.3 million fundraise to support the transaction.
News
May 12, 2026
Etu Energias and partners successfully completed the Espadarte 7ST2 appraisal well in Angola’s Lower Congo basin, with initial testing delivering stabilized production rates between 2,000 and 2,500 bopd and confirming multiple productive reservoir intervals offshore.
News
April 30, 2026
Eco Atlantic has advanced its acquisition of JHI Associates, positioning the company to secure a 35% interest in the PL001 offshore block in the Falkland Islands.
News
April 30, 2026
Newfoundland and Labrador’s 2026 budget includes $90 million for offshore exploration, with industry pointing to growing momentum ahead of projects like Bay du Nord.
News
April 29, 2026
bp has signed an agreement with Venezuela to explore offshore natural gas, marking a renewed push by international companies into the country’s reopening energy sector.
News
April 28, 2026
Petro Victory’s SJ-12 well in Brazil’s Barreirinhas basin has confirmed stacked gas reservoirs with 72 meters of net pay, supporting further development of the São João field.
News
April 23, 2026
A new joint venture between PetroGuin and Tender Oil and Gas will advance seismic work and exploration in Guinea-Bissau’s deepwater offshore blocks, signaling renewed investor interest in the basin.
News
April 23, 2026
Major oil companies are increasing deepwater exploration investment as the industry faces a 300-billion-barrel supply gap by 2050, according to new analysis from Wood Mackenzie.
News
April 21, 2026
Eni’s 5-Tcf Geliga discovery offshore Indonesia adds significant new gas volumes and reinforces the Kutei basin’s role as a key growth hub for LNG supply and deepwater development.
News
April 13, 2026
TotalEnergies has confirmed a hydrocarbon discovery at the Moho license offshore Congo, with estimated resources of around 100 MMbbl and plans for a tie-back to existing production infrastructure.
News
April 13, 2026
Petrobras has confirmed a hydrocarbon discovery in a pre-salt exploration well in Brazil’s Campos basin, with further analysis underway to evaluate reservoir and fluid characteristics.
News
April 13, 2026
TotalEnergies and TPAO have signed an exploration MoU to jointly assess oil and gas opportunities in Türkiye’s Black Sea and international regions, expanding collaboration in offshore exploration.
News
April 09, 2026
Occidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering oil-bearing Miocene sands with potential for subsea tieback development.
News
April 07, 2026
Eni has discovered an estimated 2 Tcf of gas offshore Egypt, with the Denise W-1 well located near existing infrastructure—positioning the project for fast-track development and reinforcing Eastern Mediterranean supply potential.
News
April 05, 2026
Lion Energy awards a drilling contract for its Bula Karang-1 exploration well in Indonesia’s East Seram PSC, targeting new oil potential offshore.
News
April 03, 2026
OMV Petrom completes drilling of the Krum-1 well offshore Bulgaria, finding no significant gas but advancing geological understanding of the Black Sea basin.
News
April 01, 2026
Trillion Energy looks to sell its Black Sea gas interest while committing $15 million to earn into a new exploration block in southeast Turkey.
