Geological Exploration

The deal value amounts to 225 million United States dollars The Government of Sierra Leone has signed an agreement with Nigerian company Marginal Energy for the exploration and production of hydrocarbons on the country’s continental shelf.This was reported by the Petroleum Directorate of Sierra Leone (PDSL). The licence covers five …

Equinor and its partners drilled a dry well in the Skoll and Hati subsoil blocks east of the Visund field in the North Sea off the coast of Norway.This was reported by the Norwegian Offshore Directorate (NOD). Exploration well 34/8-A-37 H was drilled under licence PL120, located 140 kilometres west …

American Vaalco Energy reported positive results of exploration activities on the continental shelf of Gabon.The company put into operation the directional well Etame-14H, which encountered a productive interval of about 325 metres in the sandstones of the Gamba formation. The initial production rate of the well amounted to about 4.85 …

French TotalEnergies has signed a Memorandum of Understanding (MoU) with Turkey’s Türkiye Petrolleri Anonim Ortaklığı (TPAO) предусматривающий развитие сотрудничества в сфере геологоразведки. This was reported by the company’s press service. The agreement is aimed at conducting exploration activities in the Black Sea, as well as implementing joint projects at the …

Gazprom Neft has discovered two new accumulations at fields in the Khanty-Mansi Autonomous Okrug – Yugra with total geological reserves exceeding 4 million tonnes. Additional formations were identified at the Yuzhno-Priobskoye and Orekhovo-Ermakovskoye fields thanks to Russian technologies for processing geological information. A digital system created by Gazprom Neft, after …

Brazilian Petroleo Brasileiro SA (Petrobras) has expanded its oil and gas asset portfolio with a new exploration block in Africa. This was reported by the company’s press service. Petrobras signed an agreement to acquire a stake in offshore Block 3 on the continental shelf of São Tomé and Príncipe from …

On April 15, the Ministry of Energy of Kazakhstan hosted the signing of a contract for the exploration and production of hydrocarbons at the Severnoye-1 subsoil block in the Aktobe Region.This was reported by the ministry’s press service. The document was signed by Vice Minister of Energy E. Akbarov, Deputy …

The first commercial oil inflow was ensured by four wells and two mobile oil treatment units. In the future, for the full-scale development of block 6A, more than 40 wells will be drilled and the existing field infrastructure will be utilised. The Achimov oil formations of the Urengoy field are …

Expert Explains the Rationale Behind the Acquisition of the Severo-Irgizsky Block in the Samara Region Tatneft-Samara acquired the Severo-Irgizsky subsoil block in the Samara Region at auction. The block, covering an area of 302 square kilometres, is located in the Bolshechernigovsky and Bolsheglushitsky districts. Under the licence, the block can …

LUKOIL reduced oil production in Russia in 2025 by 2.1% compared to 2024, while refining increased by 2.3%. This follows from the company’s 2025 annual report, published in materials for the shareholders’ meeting scheduled for April 23, 2026. Financial Aspect The company does not separately disclose financial results for 2025, …