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Vår Energi makes third oil discovery in a row in Goliat Area

Oilfield Technology

Vr Energi ASA has announced an oil discovery in the operated Zagato exploration well near the Goliat field in the Barents Sea, adding to recent exploration success in the area.

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

The Libyan government has officially launched the 2025 bid round for oil exploration, a long-anticipated move that marks a significant milestone in the countrys efforts to revitalize its energy industry. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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Equinor announces gas discovery in the Norwegian Sea

Oilfield Technology

Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the Mistral Sr exploration well in the Halten area, situated in the southern part of the Norwegian Sea.

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ReconAfrica Advances Namibia's Energy Prospects with Successful Drilling of Naingopo Well

Energy Central

ReconAfrica has achieved a major milestone in its exploration efforts in Namibia with the successful drilling of the Naingopo exploration well on Petroleum Exploration License 73 (PEL 73).

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Oman Signs EPSA with OQEP, Genel Energy to Boost Hydrocarbons in Block 54

Egypt Oil & Gas

Omans Ministry of Energy and Minerals has signed an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 54 in Oman. Genel stated that it will provide a partial carry of OQEPs 60% participating interest during the Initial Phase.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. Algerias Sonatrach will increase hydrocarbon production by 2.5%

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