Annual conventional discoveries have fallen from over 20 billion boe in the early 2010s to about 8 billion boe since 2020. This results in an effective replacement rate of well under one-third of ...

Petroliam Nasional Bhd (Petronas) has announced two new discoveries and a successful appraisal well in Block 52 off the Atlantic coast of Suriname. Malaysia's national oil and gas company said in a ...

India's search for new domestic energy resources has received another boost from the Andaman Sea. State-owned Oil India Limited (OIL) has announced a fresh natural gas discovery in the Andaman ...