Sunda Energy is in negotiations with the authorities of Timor-Leste regarding the Chuditch project and is continuing the acquisition of Matahio Energy's assets in New Zealand, with plans for further production expansion.
The Chinese company CNOOC Limited plans to begin drilling its first exploratory well on the Brazilian continental shelf in the Santos Basin in 2029. The project focuses on little-studied deepwater areas, where major international oil companies are also operating.
Norwegian oil and gas companies are actively developing complex and dense reservoirs, using advanced technologies to tap into previously hard-to-reach reserves. Successes in projects such as Victoria are opening up new opportunities for the industry and could significantly increase the country's oil and gas production.
In the second quarter, Nabors Industries increased its drilling activity, but overall revenue declined due to lower earnings in the digital and automation segments. Despite the growth in the number of rigs, the company's shares fell by 3.8%.
Norwegian company Vaar Energi plans to drill seven exploration wells in the second half of 2026 to increase oil and gas reserves at key fields. The main targets—Lakris, Jotun Deep, Anabelle, and others—have significant potential and could be connected to the company’s existing infrastructure.
Shell has completed drilling the deepest well in the Mediterranean Sea off the coast of Egypt and has discovered signs of oil. The collected data is now being analyzed to assess the commercial potential of the field.
The British company Serica Energy is acquiring Pharos Energy for £145.7 million to expand its operations in Vietnam and Egypt and increase its production resources. The deal has been approved by the boards of directors of both companies.
SLB increased its revenue by 5% in the second quarter to $9 billion, driven by growth in offshore operations, despite a decline in profits and a slowdown in activity in the Middle East due to the conflict. The company's financial results exceeded analysts' expectations.
SLB increased its revenue in the second quarter amid growing offshore activity, despite a decline in profits. The company's financial results exceeded expectations, leading to a rise in its share price.
American company Matador Resources has finalized deals to acquire oil and gas fields in the Delaware Basin, expanding its land holdings to 240,000 acres. The company expects proven reserves to increase by 55 million barrels of oil equivalent and anticipates lower drilling costs in the newly acquired regions.
Equinor and its partners have discovered a new oil field near Johan Castberg in the Barents Sea, with reserves estimated at up to 10.5 million barrels. They are considering connecting it to the existing infrastructure.
Australian company Invictus Energy has signed key contracts to explore a major gas field in Zimbabwe, with reserves estimated at 1.2 trillion cubic feet of gas. Drilling of the Musuma-1X well is scheduled to begin in the second half of the year.
The American company Chevron will invest $13.8 billion in the development of the El Trapial shale block in Argentina, utilizing advanced technologies and benefiting from government support to encourage investment. This project could become one of the largest new investments in the country's energy sector.
A new floating production, storage, and offloading unit (FPSO) is planned to be installed at Malaysia’s Kikeh field, replacing the outdated platform. The project is being carried out by a consortium from India and Malaysia, with commissioning expected after 2028.
Thailand's national oil and gas company PTTEP is preparing to make an investment decision on the development of the Bussabong gas field, with production expected to begin in 2028. The project involves partner Valeura, which is acquiring a 40% stake, and further exploration and development of offshore assets in the northern part of the Gulf of Siam are planned.