Exploration
News
June 04, 2025
MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan.
News
June 03, 2025
bp and partners have approved phase three of development in the Shah Deniz gas field, the $2.9 billion Shah Deniz Compression project. In addition to the project approvals, bp also announced an agreement with SOCAR to access two blocks in the Caspian Sea for exploration and development.
News
May 29, 2025
Zephyr Energy has announced initial post-well evaluation results at its flagship project in Utah's Paradox basin. “The Cane Creek reservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in the U.S," said CEO Colin Harrington.
News
May 26, 2025
Saudi Arabia and Kuwait jointly announced Monday that they have discovered oil in the North Wafra Wara-Burgan field, part of the neutral zone between the two nations. The news was reported by Saudi Press Agency (SPA).
News
May 21, 2025
The latest U.S. Geological Survey assessment estimates that 27 trillion cubic feet of gas, and 473 million barrels of recoverable oil are located in parts of Wyoming, Colorado and Utah, the Department of the Interior announced on Wednesday.
News
May 19, 2025
A top United Nations court has ruled in favor of Equatorial Guinea in a long-running territorial dispute with Gabon, awarding it sovereignty over three small islands located in potentially oil-rich waters in the Gulf of Guinea.
News
May 16, 2025
EOG Resources, Inc. (EOG) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA).
News
May 15, 2025
Libya’s latest upstream licensing round has already attracted more than 40 applicants, signaling growing interest in its largely untapped hydrocarbon potential. The update was shared during a ConocoPhillips-sponsored session at the Invest in African Energy Forum.
News
April 29, 2025
The Republic of Congo's Minister of Hydrocarbons Bruno Jean-Richard Itoua will speak at African Energy Week (AEW) 2025. Congo is preparing to launch its 2025 licensing round – central to its strategy of increasing oil output from 274,000 to 500,000 bpd by 2027.
News
April 28, 2025
Ever since oil and gas majors announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin, interest in additional exploration in has been intense. Will negotiations stall, as we’re seeing all too often in African nations, or will the process move forward smoothly?
News
April 25, 2025
APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska's North Slope.
News
April 25, 2025
Ecopetrol S.A. has initiated a joint plan to determine the best alternative to ensure the continuity of the projects in the Southern Caribbean following Shell's decision to withdraw from its offshore assets in said region.
News
April 24, 2025
The African Energy Chamber (AEC) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration.
News
April 21, 2025
(Bloomberg) — Turkey is planning new oil and gas exploration in Bulgaria, Libya, and Iraq as part of a broader upstream expansion strategy. State-run TPAO is leading efforts to boost regional output and secure international energy deals.
News
April 17, 2025
ReconAfrica has entered into a Memorandum of Understanding (MoU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angola's national concessionaire and regulator.
News
April 15, 2025
EXPLORCO, the exploration division of the Ghana National Petroleum Corporation (GNPC), is set to spud its first exploration well in the Voltaian basin in Q1 2026, targeting new leads and play-opening discoveries.
News
April 10, 2025
Sercel has launched the WiNG DFU-3C, a three-component version of its field-proven WiNG land seismic nodal solution. The WiNG DFU-3C supports a growing need for high-end seismic applications for the energy and mineral E&P sectors.
News
April 01, 2025
In a significant development for Africa's energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from APPO.
News
April 01, 2025
Cairn Oil & Gas has entered into an agreement with Parker Wellbore to expand operations in India using a high-performance 2000HP drilling rig. Cairn will deploy the rig in Barmer, Rajasthan—the company's largest onshore producing asset in India, this month.
News
March 28, 2025
African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets.
News
March 27, 2025
Block Energy plc, the production and development company focused on Georgia, has announced its acquisition of a 10% participating interest in the XIQ Production Sharing Contract (PSC).
