Upstream
Petrobras Recovers 100% of Tartaruga Verde and Espadarte for $450 Million
Petrobras Regains Full Control of Two Key Fields in the Campos Basin Following a $450 Million Operation.
Upstream focuses on the first stage of the energy value chain, where exploration, drilling and production define the development of hydrocarbon resources. This section covers news on field discoveries, drilling campaigns, production projects, reservoir activity and the technical and financial decisions shaping upstream operations.
Coverage includes new exploration programs, offshore and onshore developments, production expansion, investment announcements and technological advances aimed at improving efficiency, recovery and operational performance. It also highlights regulatory frameworks, partnerships and strategic moves influencing resource development in key regions.
Through these stories, Upstream tracks the assets, operators and production initiatives shaping the supply base of the global oil and gas industry.
Latest Upstream News
Upstream
Chevron confirms oil discovery at Bandit in the Gulf of Mexico
Chevron confirms oil at Bandit, a deepwater offshore find in the Gulf of Mexico with potential subsea development.
Upstream
NOC and Eni confirm new offshore gas discovery in Libya
NOC and Eni confirm offshore gas find in Libya with flow rates of up to 24 MMcf/d in tests.
Upstream
Aker BP starts production at the Symra field in the North Sea
The field is estimated to contribute around 63 million barrels of oil equivalent.
Oil and Gas
Somalia begins its first offshore oil drilling with support from Turkey
Somalia begins its first offshore drilling with a Turkish vessel, marking progress in its oil exploration
Oil and Gas
Pancontinental obtains license extension in Namibia’s Orange Basin
Pancontinental extends its license in Namibia's Orange Basin to continue offshore exploration in block PEL 87.
Upstream
Mubadala Energy strengthens its presence with a new block in Andaman
Mubadala Energy secures a new offshore block in Andaman, consolidating its leadership in gas exploration in Indonesia.
Upstream
NOC and Chevron Partner to Explore Offshore Block NC146
The Libyan national company and the American energy giant will collaborate on a deepwater technical study aimed at strengthening the country's reserves.
Upstream
Petrobras Confirms Oil Discovery in Campos Basin
Petrobras detects high-quality oil in a pre-salt well in Campos Basin.
Upstream
Petrobras Regains Full Control of Two Offshore Fields in Brazil
Petrobras will exercise its right of first refusal to acquire Petronas' stake in Brazilian offshore fields.
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