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China has newly discovered 13 oilfields with reserves of 100 million tons each and 26 gas fields with reserves of 100 billion cubic meters each
On April 29, according to the National Mineral Yearbook released by the Ministry of Natural Resources, the number of newly discovered mineral deposits such as salt fields across the country increased significantly in 2025. Specifically, China newly discovered 13 oilfields each with reserves of 10...Read more -
TotalEnergies advances drilling for the Tilenga oil field development in Uganda
The Tilenga oil field development project in western Uganda, led by France’s TotalEnergies, is moving from the planning phase to execution, with drilling platforms remaining continuously active. Tilenga is part of the oil resource development plan in the Lake Albert region, operated by TotalEnerg...Read more -
Oil giant announces major discovery! Sinopec holds 18% equity
On April 20, 2026, Italian energy giant Eni officially announced a giant natural gas exploration breakthrough at the Geliga-1 exploration well in the Ganal Block of the Kutai Basin, offshore East Kalimantan, Indonesia. Preliminary estimates indicate that the major discovery holds approximately 5...Read more -
Heavy $24 Billion! Oil Giants Bet on African Deepwater
In April 2026, ExxonMobil notified the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of a massive investment plan, committing up to $24 billion to deepwater projects including Owowo, Bosi, Usan, and Erha. The Bosi project alone will cost $15-16 billion, the Owowo project $7-8 billion...Read more -
TotalEnergies has discovered a new oil field in the Moho block in Congo, with recoverable resources of nearly 100 million barrels
After drilling operations in the Moho license area offshore the Republic of Congo, TotalEnergies EP Congo confirmed a new oil and gas discovery. The resources are located in the Moho G structure and were obtained through the MHNM-6 NFW exploration well. Nicola Mavilla, Senior Vice President of E...Read more -
Subsea7 awarded contract for Petrobras’ Sepia II oilfield worth over $1.25 billion
Subsea7 successfully won a contract from Petrobras through a competitive bidding process to participate in the development of the Sépia 2 oilfield. The oilfield is located in the pre-salt layer of the Santos Basin, approximately 280 kilometers southeast of Rio de Janeiro, at a water depth of 2,17...Read more -
50,000 feet well depth sets a record! ADNOC Offshore signs $30 billion EPC contract for Upper Zakum field expansion
Abu Dhabi National Oil Company’s offshore subsidiary, ADNOC Offshore, has recently awarded new engineering, procurement, and construction (EPC) contracts to advance the capacity expansion of the Upper Zakum offshore oilfield. The project aims to increase production to approximately 1.2 mill...Read more -
China’s Xinjiang Oilfield has put into operation the world’s first solar thermal replacement project for extra-heavy oil, producing 52,000 tons of zero-carbon steam annually
In April 2026, the Zhong 37 Tower-Type Water-Based High-Temperature Solar Thermal Project in the Fengcheng Oilfield Operation Area of Xinjiang Oilfield was fully commissioned. As the world’s first tower-type solar thermal replacement demonstration project for ultra-heavy oil extraction, it uses s...Read more -
China’s Southwest Oil and Gas Field accelerates shale gas development and production ramp-up
On March 29, the Daye 1H1 platform of Chongqing Gas Mine, Southwest Oil and Gas Field, cumulatively produced over 100 million cubic meters of natural gas. This marks a new breakthrough for the company in the development of shale gas in new strata. The photo shows the Liangping Daye 1H shale gas ...Read more -
Norway’s OKEA announces new discovery at Brage field in North Sea, increasing resources, with production start scheduled for 2027
Norwegian oil company OKEA has discovered oil in the Talisker West segment near the Brage field in the North Sea, with a significant upward revision of resource estimates. According to OKEA, as the Talisker Statfjord formation has matured further, the P50 resource estimate for the Talisker West d...Read more -
Petrobras acquires full interest in Campos Basin oil field
Petrobras recently exercised its preemptive right to acquire a 50% stake held by Petronas in the Tartaruga Verde oil field and the Espadarte Module III development project in the Campos Basin, Brazil, for $450 million. This move will allow Petrobras to regain full control over these assets. The ...Read more -
Oil Giant Announces Major Oil and Gas Discovery
On March 17, 2026, Italian energy giant Eni announced a major natural gas discovery offshore Libya, drawing widespread attention in the international oil industry. According to the company’s statement, two exploration wells located south of the Bahr Essalam gas field have confirmed total ge...Read more
