The Latest

CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea

CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.

E&P Highlights: March 15, 2024

Here’s a roundup of the latest E&P headlines, including a new discovery and offshore contract awards.

Orange Basin Serves Up More Light Oil

Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.

Eni Finds 2nd Largest Discovery Offshore Côte d’Ivoire

Deepwater Calao Field’s potential resources are estimated at between 1 Bboe and 1.5 Bboe.

CNOOC Finds Light Crude at Kaiping South Field

The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.

Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest

Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.

Rystad: More Deepwater Wells to be Drilled in 2024

Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.

Cronos Appraisal Confirms Discovery Offshore Cyprus

Eni-operated block partner TotalEnergies says appraisal confirms the presence of significant resources and production potential in the block.

E&P Highlights: Feb. 12, 2024

Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.

2023-2025 Subsea Tieback Round-Up

Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.