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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 eachOn 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 d
TotalEnergies advances drilling for the Tilenga oil field development in UgandaThe 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
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 indicat
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 cos
TotalEnergies has discovered a new oil field in the Moho block in Congo, with recoverable resources of nearly 100 million barrelsAfter 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 we
Subsea7 awarded contract for Petrobras' Sepia II oilfield worth over $1.25 billionSubsea7 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 southe
50,000 feet well depth sets a record! ADNOC Offshore signs $30 billion EPC contract for Upper Zakum field expansionAbu 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 incr
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 annuallyIn 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 pr
China's Southwest Oil and Gas Field accelerates shale gas development and production ramp-upOn 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.
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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, th
Petrobras acquires full interest in Campos Basin oil fieldPetrobras 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
Oil Giant Announces Major Oil and Gas DiscoveryOn 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
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