US supermajor ExxonMobil has relinquished a pair of exploration blocks offshore Brazil, after an attempt to unlock hydrocarbons in the ultra-deepwater section of the Sergipe-Alagoas basin ended with ...

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The Bulgarian government hopes domestic, deepwater gas exploration will allow the country to diversify its gas sources ...

In a statement posted on its website on Monday, BP announced “an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America”. BP noted in the statement that it drilled the ...

The awarding of the contract for an ultra-deepwater Trion project offshore Mexico is more than just another deal.

BP operates the Far South project with a 57.5% stake, alongside Chevron U.S.A. Inc. (NYSE: CVX), which holds 42.5%. The field ...

Brazil’s oil regulator is set to grant exploration rights in a promising offshore region where state-controlled oil producer ...

Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its ...

bp has discovered oil at the Gulf of Mexico Far South prospect 120 miles off the coast of Louisiana. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs ...

Petrobras PBR, Brazil’s prominent state-run oil and gas company, has successfully extended its partnership with Noble Corporation plc NE, a leading offshore drilling contractor based in Houston, TX.

Brazil oil regulator is set to grant exploration rights in the promising Equatorial Margin offshore area where Petrobras has ...

In an unprecedented alliance, ONGC, Reliance, and BP won a Gujarat offshore block under OALP-IX. ONGC secured 15 blocks overall, while Vedanta won 7 out of 28 blocks offered in the latest bid round ...