Brazil is looking to cultivate around $130 billion in investment into its oil and gas sector.
Four of the blocks are offshore and one is onshore and the total acreage is in excess of 525,000 square kilometres.
The three offshore blocks are located in deepwater, approximately 200 kilometres northwest of Agadir.
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed three offshore production sharing contracts with China National Offshore Oil Corporation (CNOOC) for blocks in the South China Sea.
Total has announced that it and partners have brought the Moho Phase 1b project, located 75 km off the coast of Pointe-Noire in the Republic of Congo, on stream.
Drilling of Jawhara-3 well in Sfax Offshore Exploration Permit is first of several planned in the area.
The well objective is to explore multiple target horizons in the central part of the Masirah basin.
Ten per cent acquisition of Swala Energy by Hayaat Group marks company's first direct investment in oil exploration.
Norwegian oil major to partner with Chevron to explore on three blocks - fourth block will be fully given to Statoil.
Antrim Exploration, a subsidiary of Canada's Antrim Energy, has received formal approval from Ireland’s Department of Communications, Energy and Natural Resources for its application for a 100 per cent working interest in Frontier Exploration Licence 1/13......
Heritage to farm into two onshore licenses in Papua New Guinea acquired from local firm Kina Petroleum.
India’s industrial expansion has seen it emerge as the world’s fourth-largest economy globally but sustaining this requires ever-increasing oil and gas reserves, reports Glenn Freeman
Statoil to lead exploration effort for commercial viability of shale gas at Timissit permit in onshore Illizi-Ghadames Basin.
Company intends to drill, hydraulically fracture and test flow of gas from up to four exploration wells in Lancashire, north east England.
UK oil giant BP and Russia's Rosneft will establish a new joint venture, Yermak Neftegaz, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in Russia.