Upstream
TotalEnergies and TPAO sign agreement to explore the Black Sea
TotalEnergies and TPAO promote joint hydrocarbon exploration in the Black Sea
Upstream activities represent the starting point of the oil and gas value chain, focusing on the exploration, evaluation, and production of hydrocarbon resources. This category features news covering new resource discoveries, field development projects, drilling campaigns, and exploration initiatives across major energy regions worldwide.
Coverage includes both onshore and offshore operations, technological advancements in geological exploration and drilling, exploration licensing rounds, partnerships between energy companies, and the expansion of production activities. News also highlights strategic investments, government initiatives, and projects aimed at improving resource recovery and strengthening energy supply.
Stories in this category reflect the evolving landscape of exploration and production as the industry addresses technological, operational, and environmental challenges within the global energy sector.
Latest Upstream News
Upstream
Transocean expands its backlog with Petrobras until 2030
The extension will secure $445 million in revenue and guarantees the operation of the Deepwater Corcovado vessel until 2030.
Upstream
GUPCO boosts production to 67,000 bpd with a new well in Suez
GUPCO increased its production to 67,000 bpd after bringing the South Wasl BB well online in the Gulf of Suez, delivering 2,500 bpd and…
Upstream
Petrobras Recovers 100% of Tartaruga Verde and Espadarte for $450 Million
Petrobras Regains Full Control of Two Key Fields in the Campos Basin Following a $450 Million Operation.
Upstream
Chevron confirms oil discovery at Bandit in the Gulf of Mexico
Chevron confirms oil at Bandit, a deepwater offshore find in the Gulf of Mexico with potential subsea development.
Upstream
NOC and Eni confirm new offshore gas discovery in Libya
NOC and Eni confirm offshore gas find in Libya with flow rates of up to 24 MMcf/d in tests.
Upstream
Aker BP starts production at the Symra field in the North Sea
The field is estimated to contribute around 63 million barrels of oil equivalent.
Oil and Gas
Somalia begins its first offshore oil drilling with support from Turkey
Somalia begins its first offshore drilling with a Turkish vessel, marking progress in its oil exploration
Oil and Gas
Pancontinental obtains license extension in Namibia’s Orange Basin
Pancontinental extends its license in Namibia's Orange Basin to continue offshore exploration in block PEL 87.
Upstream
Mubadala Energy strengthens its presence with a new block in Andaman
Mubadala Energy secures a new offshore block in Andaman, consolidating its leadership in gas exploration in Indonesia.
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