Frontera, CGX Energy Say Light Oil, Gas Condensate Found in Guyana

The joint venture is expected to be the next consortium in moving oil exploration projects in Guyana to the development phase if discoveries are declared commercial.

May 10, 2022


Energean Discovers New Gas Off Israel's Coast

Energean made a new 8 Bcm natural gas discovery off the coast of Israel in its Athena exploration well. The company previously thought the discovery would yield 21 Bcm, however.

May 9, 2022

Field Development , Discoveries

Exxon Mobil Makes Three New Discoveries Offshore Guyana as Stabroek Resource Estimate Grows

The three new discoveries offshore Guyana increases Exxon Mobil’s estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.

April 26, 2022

Field Development , Discoveries

Eni Boosts Production in Egypt with New Oil, Gas Discoveries

Eni also signed a deal earlier on April 13 to increase gas production in Egypt and boost LNG supplies to Europe as the continent tries to cut its reliance on Russian gas amid the war in Ukraine.

April 14, 2022


Murphy Achieves First Oil in Deepwater Gulf of Mexico

The U.S. independent has started production from the Khaleesi-Mormont and Samurai fields.

April 12, 2022


Santos Confirms Oil Discovery Offshore Western Australia

Santos CEO Kevin Gallagher described the Pavo-1 discovery as a “great result” that could add further material value to the project through a potential low-cost tie-back to the proposed Dorado development plan.

March 23, 2022

Field Development , Discoveries

Eni, Sonatrach to Fast-track New Algerian Oil and Gas Discovery

Eni and Sonatrach said that the reservoir in the Zemlet el Arbi concession in the Algerian desert, is estimated to hold about 140 million barrels of crude.

March 21, 2022


TotalEnergies Makes Large Oil Discovery Off Namibia

The discovery was more than 1 billion barrels of oil equivalent, the second major offshore discovery in a month after Shell also announced a significant find, sources say.

February 24, 2022


Houston’s APA, TotalEnergies Make ‘Significant Discovery’ Offshore Suriname

The Krabdagu-1 well follows previous discoveries made by TotalEnergies and APA Corp. in the Guyana - Suriname Basin including Maka, Sapakara, Kwaskwasi and Keskesi.

February 22, 2022


UAE’s Dragon Makes First Oil Discovery in Gulf of Suez

The oil discovery by Dragon Oil in the Gulf of Suez is one of the largest in the area in the past 20 years, the Egyptian petroleum ministry said.

February 15, 2022