Eni has announced a new oil discovery in Block 15/06, in the Kalimba exploration prospect, in Angola’s deep offshore. The new discovery is estimated to contain between 230 and 300 million barrels of light oil in place.
read more... 26/06/2018
Mozambique plans to sign an agreement with Rosneft and ExxonMobil on gas field exploration in the north of the country by the end of 2018, Foreign Minister of Mozambique Jose Pacheco said following the talks with Russian top diplomat Sergey Lavrov on Monday.
read more... 29/05/2018
BP and Petrobras have inked a Memorandum of Understanding (MoU) to explore a huge diversity of joint projects, both in Brazil and around the rest of the world.
read more... 17/04/2018
Norway delivered a record seventy-five new offshore oil exploration leases to energy firms in the recent bidding round.
read more... 17/01/2018
Despite the strongest beginning for oil prices in the last four years, the major oil companies in the world are not very eager to hasten the search for new resources as their willpower to retain capital discipline surpasses the hope of making successful discoveries.
read more... 05/01/2018