Discoveries & Exploration

The offshore energy sector has entered a defining decade of low-carbon transformation. After the success of Floating Liquefied Natural Gas (FLNG) — which unlocked stranded offshore gas reserves — engineers are now turning toward Floating Carbon Capture (F-CCS), a technology designed not to produce energy but to clean it. According to the International Energy Agency […]

The West Africa offshore oil and gas market outlook 2025–2030 is one of cautious optimism mixed with rapid transformation. Offshore fields account for nearly three-quarters of West Africa’s oil production, and the region is attracting global investment in deepwater exploration, LNG developments, and frontier discoveries. Countries like Nigeria, Angola, Ghana, Senegal, Ivory Coast, and Namibia

The global offshore drilling industry continues to heat up in August 2025, with major rig contract awards, drilling mobilizations, and significant oil discoveries across Europe, the Middle East, and North Africa. Here’s your quick yet comprehensive roundup of the latest offshore rig activity shaping the future of exploration and production. Rig Contract Highlights & Renewals

The offshore oil and gas sector continues to bustle with activity across West Africa, South America, Southeast Asia, and Northern Europe. Here’s a quick roundup of the top offshore rig movements, exploration updates, and contract wins from late July 2025: West Africa & Brazil: Contracts & Advancements At the same time: Asia-Pacific: Awards & Mobilization

On July 9, 2025, Ghana’s Ministry of Energy announced a 30 MMscfd increase in natural gas supply agreement with Eni—raising total delivery to 270 MMscfd starting July 13. The upgrade marks a significant milestone in Ghana’s energy transition strategy. Key Details of the Expansion ESG & Economic Impacts Accelerating Ghana’s Energy Transition Natural gas from OCTP now

On July 10, 2025, Equinor and its partners announced a significant gas discovery at the Skred prospect, located about 23 km north of the Johan Castberg field in the Barents Sea. This marks the 15th exploration well in Production Licence 532 (awarded in 2009) and adds another layer of strategic depth to Norway’s Arctic portfolio. Key Highlights

ConocoPhillips Slagugle oil discovery has been confirmed through a successful appraisal well in the Norwegian North Sea, reaffirming the region’s potential in offshore energy production. This discovery marks a promising development for the company and Norway’s upstream portfolio. What Is the Slagugle Discovery? The Slagugle field is located in Production License 891, operated by ConocoPhillips

Shell receives Sparta drilling permits for the UK North Sea, marking a key development in offshore exploration and energy security. The approval, granted by the North Sea Transition Authority (NSTA), allows Shell to begin drilling operations in the Sparta prospect located in Block 22/14c. This move reinforces Shell’s strategy to unlock additional resources from mature