Exploration
News
March 20, 2026
Brazil President Luiz Inácio Lula da Silva said Petrobras and Pemex could partner on deepwater oil exploration in the Gulf of Mexico, as Mexico seeks to revive production and Petrobras looks to expand internationally.
News
March 20, 2026
A new high-resolution offshore seismic dataset covering 7,300+ km in Equatorial Guinea has been released, leveraging advanced PSDM and FWI imaging to support exploration and de-risk prospects ahead of the EG Ronda 2026 licensing round.
News
March 18, 2026
Petrobras has confirmed a new deepwater gas discovery at the Copoazu-1 well in Colombia’s offshore GUA-OFF-0 Block, expanding the region’s gas potential and supporting long-term energy supply through continued exploration activity.
News
March 16, 2026
Eni has discovered more than 1 Tcf of gas in two offshore Libya exploration wells near the Bahr Essalam field. The finds could be rapidly developed through tie-backs to existing infrastructure to supply domestic demand and exports to Italy.
News
March 12, 2026
Assala Energy has encountered hydrocarbons at the Magoga-A exploration well in the Mutamba Iroru Licence II offshore Gabon, confirming an 8-meter hydrocarbon interval in the Gamba Sandstone formation.
News
March 11, 2026
The U.S. Interior Department’s latest Gulf lease sale generated nearly $47 million in high bids for 25 offshore blocks, signaling continued industry interest in deepwater exploration.
News
March 11, 2026
Eco Atlantic has agreed to acquire JHI Associates in a deal valued at about $52 million, gaining offshore exploration interests in the North Falkland basin and Guyana’s Canje block.
News
March 11, 2026
Guyana is advancing a 25,000-sq-km offshore multi-client seismic survey supported by Viridien to improve subsurface data, de-risk exploration and support future licensing rounds in the Guyana basin.
News
March 11, 2026
Viridien has launched a new seismic reimaging project covering roughly 9,000 sq km of 3D data in India’s offshore Mahanadi basin, aiming to improve subsurface imaging and unlock new exploration opportunities.
News
March 05, 2026
Nigeria President Bola Tinubu met with Eni CEO Claudio Descalzi to discuss deepwater development projects, including the Zabazaba-Etan fields, following the conversion of OPL 245 into new development and exploration licenses.
News
March 02, 2026
The U.S. Bureau of Ocean Energy Management (BOEM) has released five legacy 3D seismic survey datasets covering portions of the Beaufort Sea, expanding public access to offshore Arctic geologic data that could support future exploration and energy planning in Alaska’s Outer Continental Shelf (OCS).
News
February 24, 2026
Murphy Oil has plugged the Caracal-1X exploration well as a dry hole offshore Côte d’Ivoire but plans to proceed with the Bubale-1X prospect in its three-well West Africa campaign.
News
February 19, 2026
Cameroon has opened bidding for nine upstream oil and gas blocks across the Rio del Rey and Douala/Kribi Campo basins, offering data-rich exploration opportunities near existing production with proposals due by March 30, 2026.
News
February 17, 2026
Eni has discovered significant gas and condensate volumes offshore Côte d’Ivoire at the Murene South-1X well in Block CI-501, confirming the potential of the Calao channel complex.
News
February 16, 2026
Chevron has been awarded four offshore exploration blocks in Greece, expanding its Mediterranean portfolio and launching seismic programs to evaluate hydrocarbon potential south of Crete and the Peloponnese.
News
February 14, 2026
Azule Energy has discovered a potential 500-million-barrel offshore oil accumulation in Angola’s Block 15/06, with appraisal planned to determine recoverable volumes and development options near existing infrastructure.
News
February 11, 2026
MOL Group has entered Libya’s upstream sector through a joint venture with Repsol and TPAO to explore the deepwater O7 offshore block in the Mediterranean, marking its latest international expansion and strengthening North Africa exploration activity.
News
February 09, 2026
Namibia’s government says it was not notified of TotalEnergies’ planned acquisition of a major offshore exploration stake alongside Petrobras, complicating the latest deal in the fast-growing Orange basin and underscoring regulatory sensitivities as the country moves toward first oil.
News
February 06, 2026
TotalEnergies has agreed to acquire a 42.5% operated interest in Namibia’s offshore PEL104 exploration license, expanding its position in the Lüderitz basin as the company advances development and appraisal activities across its growing Namibia portfolio.
News
February 02, 2026
OKEA and partners reported a new petroleum discovery in the Knockando Fensfjord prospect near Norway’s Brage field, with early recoverable estimates up to 1.5 MMboe.
News
January 29, 2026
Cairn Oil & Gas has reported a gas discovery at its Ambe offshore block on India’s west coast, advancing appraisal of one of the country’s Discovered Small Field assets. Additional wells are planned as the operator evaluates development options for the shallow-water find.
