oil and gas exploration Archives

Queensland opens up Australia’s first major new oil province in 50 years

February 10, 2026

(Oil Price) – The Queensland government has appointed its preferred tenderers to explore for oil and gas in the Taroom Trough, in a move to potentially open Australia’s first new major hydrocarbon province since the 1970s. The Queensland government announced on Tuesday it is awarding exploration rights to Omega TN Pty Ltd, Tri-Star Stonecroft Pty Ltd, and Drillsearch Energy Pty Ltd to drill

Harbour Energy enters U.S. Gulf with strategic $3.2 billion acquisition

December 22, 2025

(Oil Price)– Harbour Energy has agreed to buy Louisiana-based privately-held LLOG Exploration Company for $3.2 billion in a strategic deal that will establish a foothold for the UK-based oil and gas producer in the deepwater U.S. Gulf of Mexico. Harbour Energy on Monday announced that it has entered into an agreement to acquire LLOG Exploration Company LLC from LLOG Holdings LLC for

Pakistan and Russia discuss oil cooperation deal

December 16, 2025

(Oil Price)– Pakistan and Russia are discussing a potential cooperation agreement in the oil sector, including in exploration, production, and refining, Pakistani Finance Minister Muhammad Aurangzeb told Russian news agency RIA on Tuesday. “All of these areas are Russia’s strengths. And we would be very happy if Russia agreed on an agreement in this sector with Pakistan,” the Pakistani official was

Chevron met with Syrian president to discuss oil exploration

December 2, 2025

(Investing)– Syrian President Ahmed al-Sharaa held meetings with delegations from U.S. oil major Chevron and the Syrian Petroleum Company on Tuesday, according to the Syrian state news agency. The discussions focused on potential cooperation in oil and gas exploration along Syrian shores. The Syrian state news agency reported that the talks involved examining possibilities for joint work between the American energy

Pakistan to build offshore artificial island to accelerate oil and gas exploration

November 19, 2025

(World Oil) – Pakistan Petroleum Ltd., a state-owned energy company, is reclaiming land from the sea to create a launchpad to ramp up oil and gas exploration. The artificial island will come up about 30 kilometers (19 miles) off the coast of the southern Sindh province, near Sujawal, PPL’s General Manager Exploration and Core Business Development, Arshad Palekar, said on the

ReconAfrica identifies key oil and gas exploration target for 2024 drilling campaign in Namibia

February 26, 2024

World Oil (WO) – Reconnaissance Energy Africa Ltd. announced an operations update. ReconAfrica continues to pursue activities as it prepares to start a multi-well drilling campaign in 2024. To date, all surveying activity has been completed, with demining activities complete on the Damara Fold Belt Prospect L, which is expected to be the company’s first drilling location with an expected

The 3 most exciting oil and gas exploration plays in South America

June 7, 2023

Oil Price After Exxon’s string of high-quality oil discoveries in offshore Guyana delivered more than 11 billion barrels of oil resources South America started garnering considerable attention from energy investors. This saw South America emerge big oil’s new favorite continent. While analysts describe Guyana as the world’s most exciting frontier oil play it is not the only South American country attracting

Garrison Energy to develop oil, gas exploration, production company focused in Permian basin

May 23, 2023

World Oil (WO) — Garrison Energy Holdings, an oil and gas exploration and production company based in Midland, Texas, announced its launch and ongoing pursuit of acquisition opportunities focused on the Permian basin following a $500 million line of equity financing from an institutional investor and the company’s management team and employees. Garrison intends to develop a scaled oil and

EnerCom Dallas will Showcase Oil & Gas Industry Leaders Next Week

February 21, 2017

EnerCom Dallas will feature upside opportunities in oil and gas March 1-2, 2017 – at the Tower Club Downtown Dallas On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will open its doors, allowing institutional investors to kick the tires of about 40 publicly traded independent oil and gas companies

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