The latest oil and gas news from around the world.
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Preliminary estimates placed the size of the discovery at 1.3-3.8 million oil-equivalent barrels, the Norwegian Offshore Directorate said.
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The Italian energy major declared a 'significant' gas and condensate discovery in the waters of Cote d'Ivoire through the first exploration well in Block CI-501.
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Two of the blocks are in the south of the island of Crete and two are in the Peloponnese peninsula.
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'The Algaita-01 results build on a long successful track record of 22 discoveries, once again confirming the exceptional effectiveness of the petroleum system in Block 15/06'.
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Global exploration is signaling an 'early recovery', according to Enverus Intelligence Research.