ExxonMobil Makes Large Oil Discovery Offshore Nigeria

The supermajor says it has discovered between 500 million and 1 billion barrels of potential recoverable resources in the Owowo Field offshore Nigeria.

Origin Strikes Gas In Australia’s Beetaloo Basin

The well is the final well in the first stage of Origin’s Beetaloo Basin joint venture with Falcon Oil & Gas Ltd.

Caelus Energy Makes ‘World-Class Discovery’ On North Slope

The discovery located in state waters offshore Alaska could hold as much as 10 billion barrels of oil in place.

Gazprom Discovers New Gas Deposit In Sea Of Okhotsk

In 2015, the U.S. restricted exports, reexports and transfers of technology and equipment to the Yuzhno-Kirinskoye Field, which is part of the wider Kirinskoye deposit, Reuters reported.

Pemex Reports Recent Discoveries Of Six New GoM Crude Deposits

Pemex estimates its average production will be 1.9 MMbbl/d in 2017, its lowest level since 1980, as a result of the spending cuts, Reuters reported.

Shell Makes Natural Gas Discoveries In Egypt

The initial quantities discovered were estimated at about half a trillion cubic feet of gas with more possible reserves, Shell CEO Eden Murphy said in a statement.

Sound Energy’s Tendrara Well Strikes Gas In Morocco

A stabilized gas flow rate of 17 MMscf/d was reached on Aug. 7, the company said, noting the results “represents a highly commercial rate.”

Shell Makes GoM Discovery As It Continues Coping In Downturn

News of a deepwater Gulf of Mexico discovery is made as the company reports falling profits and growth priorities.

Faroe: Brasse Sidetrack Hits Oil, Gas In North Sea

A sidetrack appraisal well on the Brasse discovery in the Norwegian North Sea has encountered a 25-meter (m) gross oil column and a 6-m gross gas column, Faroe Petroleum said in a news release.

ExxonMobil: Well Offshore Guyana Confirms ‘World-Class’ Oil Discovery

Drilled to 5,475 m in 1,692 m of water, the Liza-2 well encountered more than 58 m of oil-bearing sandstone reservoirs in Upper Cretaceous formations.