Full cost (FC) accounting allows companies to capitalize all operating expenses related to locating new oil and gas reserves, regardless of the outcome.

Enhanced oil recovery (EOR) is a method used to extract oil beyond primary and secondary techniques. Explore different EOR ...

TotalEnergies has been awarded a massive new exploration permit offshore the Republic of Congo, which could ultimately boost oil and gas supply from West Africa. TotalEnergies and its minority ...

Global upstream exploration is shifting decisively toward ultra-deepwater and frontier basins in 2026, with Africa leading ...

Discovering oil or gas in significant volume… is a rarity. The new natural gas discovery in offshore Palawan Island is the ...

I.1 Purpose: Test plausible geological/fluid scenarios dynamically to estimate ranges for rates, pressures, and recovery factors before or immediately after the first exploration well. I.2 Value-chain ...

AT the beginning of 2025, the Department of Energy (DOE) issued a vote of confidence about the Malampaya gas field, the country’s sole productive source of natural gas, by approving the drilling of ...