Increased E&P activity is expected in the prolific presalt basins of Brazil, which hold billions of barrels of recoverable oil reserves.
Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said.
Driven by a tough commodity price outlook and regulatory changes, Chevron is considering pulling out of a multibillion-dollar deepwater project offshore Indonesia.
Here are the latest top 20 cumulative oil- and gas-producing wells in the U.S. Gulf of Mexico.
Norway's Equinor ASA has submitted to Brazil's oil industry regulator ANP declarations of the commercial viability of two blocs licensed in the Carcara oil field in the pre-salt region of the Santos basin, the company said on Dec. 26.
The deal adheres to a plan W&T Offshore outlined earlier this year as necessary to drive increased shareholder value from acquisitions, says CEO Tracy W. Krohn.
Deals with Murphy Oil affect the Khaleesi / Mormont and Samurai field developments through the new King’s Quay floating production system.