Browse the latest exploration news and articles.
The company has agreed to sell its oil and gas assets in Canada to Peyto for US$468 million (approximately €433 million) as part of its ongoing portfolio management to focus activity on core regions.
The company has signed four memorandums of understanding (MOUs) with China Energy, SINOPEC, CNOOC and Citic Construction, China's main oil and energy groups.
Cheiron has announced a new oil discovery near the GNN oil field in the Gulf of Suez.
Deltic Energy has been informed by the licence operator Shell UK Ltd that site survey works associated with the Selene exploration well location have commenced.
Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.
Abu Dhabi National Oil Company (ADNOC), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies have announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea.
After completion of this transaction, which is subject to the approval by the relevant authorities, TotalEnergies will own a 35% interest in Absheron gas field, alongside SOCAR (35%) and ADNOC (30%).
Spending on conventional oil and gas exploration is rebounding and is expected to top US$50 billion this year, according to Rystad Energy.
Trillion energy has announced farm-in agreement for three oil exploration blocks in southeast Turkey.
The ‘World-class’ study has highlighted CCUS potential for a North Sea ‘super basin’.
OMV have announced a new gas discovery in Austria, representing the country’s largest natural gas discovery in 40 years.
PETRONAS has made six oil and gas discoveries in five blocks off the coast of Sarawak, Malaysia.