Valmet signs broad Brazil valve deal with Petrobras
Valmet signs a strategic agreement to deliver valve services to Petrobras in Brazil.
Exploration
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bp announces largest discovery in 25 years
bp announces an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil.
TotalEnergies divests its interest in two Vaca Muerta blocks
Argentina: TotalEnergies divests its interest in two Vaca Muerta unconventional blocks.
Oceaneering upgrades Ocean Intervention II vessel for simultaneous autonomous survey missions
In early 2025, the vessel underwent significant upgrades to expand its capabilities and improve performance for modern survey demands.
Central European Petroleum makes major Wolin East oil discovery offshore Poland
Estimated oil and gas resources in Wolin East constitute the largest conventional hydrocarbon field yet discovered in Poland, and one of the largest conventional oil discoveries in Europe in the past decade.
Oil discovery in the Johan Castberg area in the Barents Sea
Equinor has struck oil in exploration well 7720/7-DD-1H, Drivis Tubåen, on the Johan Castberg field in the Barents Sea.
Equinor announces Brazil exploration block award
Equinor has deepened its position in the Santos basin after winning the S-M-1617 block during Brazil's 5th Open Permanent Concession bid round.
More Exploration news
TotalEnergies enters 40 Chevron-operated exploration blocks
The 40 federal leases include 13 blocks located in the Walker Ridge area, 9 blocks in the Mississippi Canyon area and 18 blocks in the East Breaks area.
MOL Group and SOCAR set key terms for onshore exploration in Azerbaijan
MOL Group and SOCAR have agreed on key terms for an onshore exploration opportunity in Azerbaijan.
US Department of the Interior releases assessment of undiscovered oil and gas resources in southwestern Wyoming
The US Department of the Interior has identified significant undiscovered, technically recoverable oil and gas resources in the Mowry Composite Total Petroleum System.
Rhino Resources and Halliburton deliver the first two exploration wells on Block 2914 in Namibia
These exploration wells are the first to be completed entirely from in-country infrastructure through Halliburton’s newly established operational bases in Walvis Bay, Swakopmund, and Lüderitz.
Petrobras announces oil discovery Santos Basin, offshore Brazil
Petrobras has announced that it has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block.
MOL Group and Turkish Petroleum join forces to explore hydrocarbons in Hungary
Granted rights for joint hydrocarbon exploration in two Hungarian concession areas, Tamási and Buzsák.
BW Energy announces substantial oil discovery at Bourdon field offshore Gabon
Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable.
Crescent Energy completes accretive sale of non-operated Permian Basin assets
Crescent Energy Company has announced the closing of the sale of non-operated Permian Basin assets to a private buyer for US$83 million in cash, subject to customary post-closing purchase price adjustments. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 thousand boe/d (~35% oil).