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The United States plans to auction 15,100 oil and gas blocks in the Gulf of Mexico, covering 80.4 million acres
The U.S. Bureau of Ocean Energy Management (BOEM) has announced the fourth offshore oil and gas lease sale in the Gulf of Mexico. It plans to offer oil and gas companies approximately 15,104 unleased offshore blocks, with a total area of about 80.4 million acres (about 325,400 square kilometers)....Read more -
Chevron joins SLB and TotalEnergies’ Arena collaboration on digital subsurface technologies
SLB announced that the Chevron Technology Center has officially joined Arena, the long-term subsurface digital technology collaboration program established by SLB and TotalEnergies in 2024, to participate in the joint development of next-generation digital technologies for reservoir engineering a...Read more -
100-billion-cubic-meter deep coalbed methane field proven in the Sanjiaobei Block, Ordos Basin
PetroChina disclosed that the Sanjiaobei Block in Lüliang City, Shanxi Province, has added more than 100 billion cubic meters of proven geological reserves of coalbed methane. The newly added reserves have a contiguous gas-bearing area of 411.5 square kilometers, with coal seams buried at depths ...Read more -
Valeura Energy has discovered the new Suraphi oil field in the Gulf of Thailand
Valeura Energy announced the discovery of the new Suraphi oil field near the Manora oil field in Block G1/48 in the Gulf of Thailand. The discovery was made by the Manora-9 offshore exploration well and its sidetrack, located approximately 4.5 km northeast of the existing Manora A platform. Valeu...Read more -
Saudi capital invests $10 billion in Afghanistan’s oil and gas!
In September 2026, Saudi Delta Energy (Delta Energy) signed a series of oil and gas exploration and development agreements with Afghanistan, covering exploration in the Kushk-Tirpul Basin in the west, a study on natural gas utilization in Herat, and a proposed 700-km cross-border natural gas pip...Read more -
GeoPark signs 25-year contract to develop the Bare field in Venezuela
PDVSA, Venezuela’s state-owned oil company, and GeoPark have officially signed a 25‑year Production Participation Contract (CPP) for the Bare block. Bare is located in Venezuela’s Orinoco Heavy Oil Belt and is a mature heavy oil asset already in production. Under the contract terms, G...Read more -
Baker Hughes and BP have signed a contract for production enhancement services in the UK North Sea
Baker Hughes has been awarded a contract by BP for offshore production enhancement and wellbore stimulation services in the UK North Sea. The scope of work covers BP’s offshore operations on the UK Continental Shelf, supporting both new well development and enhanced oil recovery from mature field...Read more -
CNOOC and Kazakhstan deepen cooperation in geological exploration and oilfield services
According to KazMunayGas (KMG), the company recently held talks with CNOOC on the current status and future prospects of bilateral cooperation. According to KazMunayGas (KMG), KMG Chairman Askhat Khassenov met with CNOOC Chairman Zhang Chuanjiang in Astana, the capital of Kazakhstan. The two sid...Read more -
Tunisia-Libya joint oil venture relaunches tender for 3,000-square-kilometer exploration blocks
The Tunisia‑Libya Joint Oil Exploration, Development and Petroleum Services Company (Joint Oil) has relaunched its offshore block tender, opening the Zarat development project and exploration areas within the Joint Oil blocks to investors. The tender opens on September 7, 2026, and closes on Dece...Read more -
Iran Announces Major New Discovery of 200-Billion-Cubic-Meter Gas Field!
Iranian Oil Minister Mohsen Paknejad announced on the 23rd that a new gas field has been discovered in Fars Province in southern Iran, with natural gas reserves exceeding 7.5 trillion cubic feet (about 212.4 billion cubic metres) and recoverable reserves of approximately 5.7 trillion cubic feet ...Read more -
FPSO at Brazil’s Mero field reaches peak production capacity of 180,000 barrels per day
FPSO Alexandre de Gusmão, a floating production, storage and offloading unit, has reached its project‑designed peak production capacity at the pre‑salt Mero field in the Santos Basin, Brazil, with a daily oil processing capacity of 180,000 barrels. This FPSO is the fifth unit of its kind in the M...Read more -
Russia’s Nenets Autonomous Okrug will commission two new oil fields in 2026
The Nenets Autonomous Okrug (NAO) will launch the Layavozhskoye and Komandirshorskoye oil field projects in 2026, ending years of stagnation in oil production in the region. The governor of the autonomous okrug, Irina Gecht, announced the plan during a report to Russian President Vladimir Putin. ...Read more
