
bp to Increase Annual O&G Spend to $10B Amid Strategy Overhaul
Following a corporate strategy reset and capital reallocation, energy major bp is ramping up its oil and gas investments.

Following a corporate strategy reset and capital reallocation, energy major bp is ramping up its oil and gas investments.

Galp has made another oil and gas discovery in the fifth well of its second exploration and appraisal program offshore Namibia.

Koryx Copper has completed 17 of 37 planned drill holes in Phase Two at the Haib Copper Project, confirming high-grade copper deposits.

Impact Oil & Gas has announced the completion of drilling at the Tamboti-1X well and spudding of the Marula-1X well, offshore Namibia.

Nabors announced during a U.S.-Libya Roundtable at LEES 2025 that it plans to add a third drilling rig to the Waha oil field, with operations due to start in the coming weeks.

The new joint venture, TEVA Ship Charter, will assume ownership of the Tungsten drillship once its current drilling contract in the Republic of Congo is completed.

Meeting with Egypt’s Ministry of Petroleum and Mineral Resources, the company discussed strategies for resuming drilling in the offshore Zohr field while advancing research and exploration operations.

Noble Venturer will launch operations for Tullow Ghana upon completing drilling services for Rhino Resources.

Foday B. L. Mansaray, Director General of the Petroleum Directorate of Sierra Leone, will speak at the 2025 edition of the Invest in African Energy Forum, as the country continues to position itself as a leading exploration hub.

VAALCO Energy’s recent drilling contract award highlights a resurgence in Africa’s offshore oil and gas industry, a trend that will be a focal point at the Invest in African Energy Forum in Paris next May.
Read the latest Archives of oil, gas and energy news.

Following a corporate strategy reset and capital reallocation, energy major bp is ramping up its oil and gas investments.

Galp has made another oil and gas discovery in the fifth well of its second exploration and appraisal program offshore Namibia.

Koryx Copper has completed 17 of 37 planned drill holes in Phase Two at the Haib Copper Project, confirming high-grade copper deposits.

Impact Oil & Gas has announced the completion of drilling at the Tamboti-1X well and spudding of the Marula-1X well, offshore Namibia.

Nabors announced during a U.S.-Libya Roundtable at LEES 2025 that it plans to add a third drilling rig to the Waha oil field, with operations due to start in the coming weeks.

The new joint venture, TEVA Ship Charter, will assume ownership of the Tungsten drillship once its current drilling contract in the Republic of Congo is completed.

Meeting with Egypt’s Ministry of Petroleum and Mineral Resources, the company discussed strategies for resuming drilling in the offshore Zohr field while advancing research and exploration operations.

Noble Venturer will launch operations for Tullow Ghana upon completing drilling services for Rhino Resources.

Foday B. L. Mansaray, Director General of the Petroleum Directorate of Sierra Leone, will speak at the 2025 edition of the Invest in African Energy Forum, as the country continues to position itself as a leading exploration hub.

VAALCO Energy’s recent drilling contract award highlights a resurgence in Africa’s offshore oil and gas industry, a trend that will be a focal point at the Invest in African Energy Forum in Paris next May.
