Oil exploration

Oil Exploration

Occidental Announces Gulf of America Oil Discovery at Bandit

April 09 ,Occidental announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast. The exploration wel…

Norway

Norwegian Oil and Gas Company Aker BP Achieves Oil Production from New Reservoir in North Sea Nine Months Ahead of Schedule

Aker BP announced that the Symra oil field in the Norwegian North Sea has commenced production. The project started nine months earlier than originally planned,…

China

PH, China reopen oil exploration talks

THE Philippines and China have made initial exchanges on potential oil and gas exploration in the South China Sea, nearly four years since previous talks were t…

Oil Exploration

Chevron shakes hands with NOC for oil study at block offshore Libya

U.S.-headquartered energy giant Chevron has teamed up with Libya’s National Oil Corporation (NOC) for an oil study at an offshore block in Libyan waters.N…

Brazil

Petrobras augments oil arsenal as it strikes black gold in Brazilian waters

Petrobras has announced the presence of excellent-quality oil in the pre-salt Campos Basin through an exploration well drilled in the Marlim Sul field, which wa…

Crude Oil

Spain to release 11.5M barrels from strategic oil reserves

The Spanish government on Tuesday approved the release of up to 11.5 million barrels of oil from its reserves in a bid to ease supply shortages.Speaking to repo…

Oil Exploration

Hungary and Slovakia agree to build fuel pipeline

Hungary and Slovakia signed an agreement in Brussels on March 16 to construct an oil products pipeline connecting refineries owned by MOL Group in the two count…

Oil Exploration

Oil Companies in Norway to Drill 18% Fewer Exploration Wells in 2026, Survey Shows

Norwegian oil and gas companies plan to drill approximately 37 exploration wells in 2026, an 18% reduction from the 45 wells completed this year, according to a…

Oil Exploration

Iraq Signs Agreement With Chevron on Oil Exploration Projects, Prime Minister Says

On August 19, 2025, in Baghdad, Iraq, the Iraqi Oil Ministry finalized an agreement in principle with U.S.-based Chevron for the Nassiriya oil project, as annou…

Oil&Gas Drilling

Malaysia’s Petronas Launches 2025 Bid Round for Exploration Blocks

Petronas logos are pictured at a fuel station in Serdang, Malaysia March 4, 2021.Malaysian state energy firm Petroliam Nasional Berhad (Petronas) said on Tuesda…

Oil&Gas Drilling

Centre Allows Oil, Gas Exploration Near Assam’s Hollongapar Gibbon Sanctuary

A hoolock gibbon.The Standing Committee of the National Board for Wildlife has approved oil and gas exploratory drilling by Vedanta Group’s Cairn Oil and …

Oil Field

SK Innovation’s Oil Exploration Subsidiary Continues to Expand Southeast Asian Businesses

SK Earthon's crude oil production platform operates at the Lufeng 12-3 oil site in block 17/03 located in South China Sea.SK Earthon, an oil exploration sub…

Oil&Gas Drilling

Repsol Resumes Exploration Drilling in Libya‎ After a 10-Year Hiatus

Libya’s state National Oil Corporation (NOC) reported yesterday (31 December 2024) that Spanish oil company Repsol has resumed exploration activity in the…

Oil Exploration

Fresh Oil & Gas-Condensate Discovery Comes to Light in Namibia

Portugal’s oil and gas company Galp has found more light oil and gas-condensate in the second of up to four wells within its current exploration and appra…

Oil Exploration

Kharabsheh Follows up on Achievements of Petroleum Exploration Projects

The Minister of Energy and Mineral Resources, Saleh Kharabsheh, reviewed the progress of priority initiatives outlined in the Economic Modernization Vision (202…