BP has confirmed the preliminary results of the Volans-1X exploration well in Namibia’s Orange Basin, marking another hydrocarbon success in one of the world’s most closely watched frontier regions. The well, located in Petroleum Exploration License 85 (PEL85), was drilled by operator Rhino Resources using the Deepsea Mira semi-submersible rig to a total depth of 4,497.5 meters. It successfully intersected its Upper Cretaceous target, encountering 26 meters of net pay in gas condensate-bearing reservoirs ...

Kazakhstan’s Karachaganak field producing oil and gas condensate has curbed production after what it referred to as “an incident” at a gas processing plant in Russia, which was hit by a Ukrainian drone on Monday. The Karachaganak Venture operating the field confirmed it reduced output in an emailed statement to Reuters on Tuesday. Italy’s energy giant Eni and UK-based supermajor Shell are joint operators of the Karachaganak Venture, with each holding a 29.25% interest in the venture. U.S. supermajor Chev ...