Annual conventional discoveries have fallen from over 20 billion boe in the early 2010s to about 8 billion boe since 2020.

That’s the question Rigzone asked David Moseley, the Head of Europe Research at Welligence, in a recent interview. Responding to the question, Moseley told Rigzone that “Ghawar in Saudi Arabia is ...

The discovery in Poland of one of Europe's most significant conventional oil finds in a decade has been welcomed as a step toward energy security in the NATO country. Central European Petroleum (CEP), ...

The initial discovery of oil in Pennsylvania by Edwin Drake in 1859 was to forever change our uses of energy in the United States and globally. This discovery led to multiple oil rushes in the history ...

The discovery of oil in a European country could reduce its dependence on Russia. Central European Petroleum (CEP) has discovered 22 million tonnes of recoverable crude oil and condensate in the ...

Shell plc SHEL, a London-UK-based integrated oil and gas company, and INEOS Energy have announced a significant oil discovery in the Norphlet formation in the Gulf of America. The exploration well, ...

LONDON, Sept 15 (Reuters) - BP's recent discovery of a giant oilfield offshore Brazil has reignited investor enthusiasm, echoing the aggressive exploration era two decades ago when companies were ...