Exploration
News
October 03, 2025
Angola’s National Oil, Gas & Biofuels Agency (ANPG) aims to award 60 oil and gas concessions by the end of 2025, building on 50 already allocated since 2019 through licensing rounds and direct negotiations.
News
October 01, 2025
Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block 2914A, offshore Namibia’s Orange basin. The find represents the company’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85).
News
September 30, 2025
Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, a deal expected to unlock up to $9 billion in investment and support the country’s ambition to expand its role as a regional gas processing hub.
News
September 26, 2025
BW Energy is evaluating a potential acquisition of Azule Energy’s non-operated interests in Angola’s Block 14/14K, part of its strategy to expand offshore oil and gas assets, the company stated, while clarifying that no binding agreement has been reached.
News
September 19, 2025
Trinidad and Tobago has officially closed its 2025 Deepwater Competitive Bidding Round, launched in January and featuring 26 offshore blocks. CNOOC International submitted bids for three blocks, while the STIT Energy–GROUNDPORTS consortium bid on one.
News
September 19, 2025
Chevron, Anadarko, and Westlawn have partnered to explore offshore blocks in Peru’s Trujillo Basin, signing modified license agreements with Perupetro. The consortium plans to analyze 6,018 km² of seismic data, with exploratory drilling targeted after 2026 that could unlock up to 150,000 bpd of oil production.
News
September 17, 2025
TotalEnergies has signed production sharing contracts for four offshore blocks covering 12,700 sq km in the Liberia Basin. The company is planning a 3D seismic survey as it targets new deepwater prospects aligned with its global exploration strategy.
News
September 16, 2025
South Africa’s Constitutional Court is set to rule on Shell’s disputed offshore seismic survey, a decision that could shape the future of the nation’s oil and gas exploration. The case, driven by environmental activists, has stalled Shell’s Wild Coast program since 2021.
News
September 12, 2025
Petrobras has acquired a 27.5% interest in offshore Block 4 in São Tomé and Príncipe, reinforcing its upstream exploration strategy in Africa. The acquisition places Petrobras in a consortium led by Shell (30%), alongside Galp (27.5%) and ANP-STP (15%).
News
September 11, 2025
Chevron, in partnership with Helleniq Energy, has submitted a bid to explore four offshore gas blocks in Greece near Crete and the Peloponnese. The move aligns with Greece’s strategy to expand domestic gas resources and support Europe’s shift away from Russian energy.
News
September 04, 2025
Equatorial Guinea will launch its EG Ronda 2026 licensing round later this month. The licensing round forms part of the country’s broader strategy to revitalize its upstream sector, attract new investment and unlock offshore E&P opportunities.
News
September 02, 2025
“TotalEnergies is honored to be the first international company to be awarded exploration licenses in a bid round in Nigeria in more than a decade,” commented Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies.
News
September 01, 2025
TotalEnergies has been awarded the Nzombo exploration permit in the Republic of the Congo. The 1,000 square km Nzombo permit is located 100 km off the coast of Pointe-Noire, close to the Moho production facilities.
News
August 25, 2025
OKEA ASA has announced oil discoveries made in the Cook and Statfjord formations of Norway's Brage Field. The discoveries are considered commercial with preliminary estimates of gross recoverable resources in the range of 16 to 33 million MMboe.
News
August 21, 2025
Libya’s eastern parliament is poised to let Turkey explore for energy in the North African nation’s waters, according to people familiar with the matter, in what would be a sign of warming ties between Ankara and the region.
News
August 21, 2025
Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96-134 million barrels of oil equivalent (MMboe).
News
August 19, 2025
Indonesia Energy Corp. (IEC) has signed an MOU with Aguila Energia e Participações Ltda. (AEP). The MOU establishes a collaborative framework for the companies to evaluate and pursue potential oil and gas opportunities in Brazil.
News
August 14, 2025
Gabon is laying the groundwork for a new phase of growth, with recent upstream momentum being fueled by the Bourdon discovery in the offshore Dussafu License in March 2025, alongside production increases led by Perenco, BW Energy and VAALCO Energy.
News
August 14, 2025
Azule Energy, a joint venture between bp and Eni, is fast-tracking its Namibia oil operations as it competes with companies including TotalEnergies SE to be among the first to produce crude in one of the world’s newest hotspots.
News
August 14, 2025
A South African court has overturned a decision granting TotalEnergies environmental authorization for an oil exploration block offshore the country’s west coast, ruling that the environmental impact assessment for the block was “deeply flawed."
News
August 13, 2025
ExxonMobil has signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, a decade after making the world’s largest discovery in a generation in nearby Guyana.
