Global oil and gas discoveries are on track to hit their lowest full-year level in 75 years if the final weeks of 2021 fail to yield any significant finds, according to analysis from Rystad Energy.
President Recep Tayyip Erdogan has announced the discovery of the largest ever gas find in Turkey off the Black Sea coast.
Speculation has mounted that President Recep Tayyip Erdogan will announce details of a major gas discovery in the Black Sea in Turkey when he speaks later Friday, after vowing to deliver news ushering in a “new era.”
Hungary's MOL Group announced a new gas discovery in the MOL operated TAL block in Pakistan, the company’s 13th discovery in the country and the ninth discovery in the TAL block.
Statoil has made a "minor" gas discovery near the Oseberg field in the North Sea.
Lundin has made a small gas discovery about 85km north eas of Berlevag in the Barents Sea.
Lochard Energy has warned it will no longer be a North Sea operator if its licence containing the Thunderball gas discovery lapses.
Falklands Oil and Gas shares closed more than 5% higher yesterday following news it had discovered gas at its Loligo well.
North York Moors National Park Authority has given Egdon Resources permission to drill an exploration well near the village of Westerdale in the PEDL068 license area.
Aberdeen-based oil and gas firm Dana Petroleum said today that drilling on its Platypus gas discovery had shown "strong results".
RWE Dea Norge said today it had made a gas discovery in the Norwegian Sea, boosting the commercial prospects of the Zidane field.
Cairn Energy's Indian subsidiary said today it had made a gas discovery in the Mannar Basin off Sri Lanka.
Oil and gas explorer Providence Resources today trebled its estimate of potential has resources at its Dragon prospect in south east of Ireland.
ANADARKO has apparently made an oil discovery offshore Mozambique with an exploration well drilled into the Ironclad Prospect, which is located on the same block as the recent Windjammer gas discovery. It was in February that the US independent made a gas discovery with its Windjammer probe. Early estimates place reserves in the 4-10trillion cu ft range.
FAROE Petroleum, the Aberdeen-based oil and gas company, saw its shares climb 10% to 138p yesterday after it said hydrocarbons had been found in an exploration well on the Fogelberg prospect in Norwegian waters.
Faroe Petroleum, of Aberdeen, said yesterday that drilling had begun on the Fogelberg prospect in Norwegian waters.
MELROSE Resources, the Edinburgh-based oil and gas operator, said yesterday it had successfully drilled a well to appraise its Kaliakra gas discovery in Bulgaria.
MELROSE Resources, the Edinburgh-based oil and gas operator, said yesterday it had made a gas discovery and achieved first production from two new field developments in Egypt.
CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.
Turning to OMV, we reported in November that the company was seeking to farm-down "before doing battle" with its West of Shetland target, Tornado, hoping to divest a large chunk before starting drilling early in the new year.
NORTH Sea focused oil and gas operator Endeavour International said yesterday it would participate in two strategic wells in the fourth quarter of this year.
OMV is seeking to reduce its exposure to risk at the Tornado prospect west of Shetland by farming out a large chunk of the licences which it straddles prior to drilling early next year.
StatoilHydro's latest appraisal of its North Sea Dagny discovery on block 15/5 indicates that the field holds reserves in the range 130-170million barrels oil equivalent.