Shell has lost the latest stage of its South Africa offshore exploration dispute after the Constitutional Court ruled that the Wild Coast exploration right should be set aside.
Beacon Offshore Energy is preparing the second Monument development well in the U.S. Gulf, with first production targeted for the end of 2026.
New Zealand has awarded EnZed Energy a 12-year offshore exploration permit covering the Kaheru prospect in the Taranaki Basin, the first issued since the ban reversal.
TGS has started seismic reprocessing projects in Norway and Canada and secured a contract to create a 25,300 sq km 2D-cubed project in Ghana’s Keta Basin.
ExxonMobil Angola is advancing Block 15 redevelopment and assessing acreage in the Benguela and Namibe basins as Brian Unietis prepares to speak at AOG 2026.
Petrobras has completed the acquisition of a 75% stake and assumed operatorship of Block 3 offshore São Tomé and Príncipe. Oranto holds 15%, while the national petroleum agency holds 10%.
SeaBird Exploration has secured a 2D seismic survey contract offshore India for Eagle Explorer, with mobilisation expected in mid-July and vessel utilisation through the first half of 2027.
Rhino Resources confirmed that Capricornus-1A encountered an oil-bearing reservoir connected to Capricornus-1X, adding appraisal data for PEL 85 offshore Namibia.
TotalEnergies and Petronas have started a $100 million to $200 million offshore exploration campaign near Kupiano in Papua New Guinea, with the drilling vessel Viking beginning operations.
