Shell has launched a multi-well offshore drilling campaign in Egypt’s Mediterranean waters using Stena Drilling’s Stena IceMax drillship, marking the start of a new development phase at the West Mena gas field.Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, inspected the drilling of the first development and production well at West Mena in the North East Amriya area aboard the Stena IceMax drillship following its arrival to implement Shell’s program…
Oil production on the Norwegian continental shelf (NCS) in 2025 reached its highest level since 2009, according to the 2025 Resource Accounts, reported by Norwegian Offshore Directorate.The report showed high production of both liquids and gas…
Offshore Energies UK (OEUK) said on Thursday that recoverable gas reserves on the UK Continental Shelf (UKCS) amount to 456 billion cubic meters (bcm), more than double the 226 bcm production projection between 2025 and 2050 cited by the North Sea Transition Authority (NSTA)…
Japan’s largest exploration and production (E&P) firm Inpex has received environmental approval from the Indonesian government for its Abadi liquefied natural gas (LNG) project in the Masela Block, marking a key milestone as the development…
Mubadala Energy has completed the acquisition from Eni of a 15% participating interest in the Nargis Offshore Area concession in Egypt.Following the transaction, Eni holds 30% of the contractor interest in the block through its subsidiary IEOC…
Exxon Mobil is continuing work to determine the size of natural gas resources at Guyana's prolific Stabroek Block, Guyana's energy minister said, as the company pursues broader development of the resource in the South American country.The U…
General licenses for oil and gas exploration in Venezuela issued by the U.S. this month will allow Shell to progress with its Dragon gas project, a company spokesperson told Reuters on Thursday.The project, envisioned to produce gas from a field in Venezuelan waters with 4…
Tullow Oil has signed a sale and purchase agreement to acquire the floating production, storage and offloading vessel (FPSO) Prof. John Evans Atta Mills for $205 million, as Ghana ratified extensions to key petroleum agreements covering the Jubilee and TEN fields…
Turkey said on Thursday it opposed Greece's 'unilateral activities' in energy fields south of Crete with a consortium led by U.S. major Chevron as a violation of international law and good neighbourly relations.Athens responded that its policies abide international law…
Geoinform, a subsidiary of MOL Group and a service provider in Hungary’s hydrocarbon and geothermal sectors, has signed a strategic cooperation agreement with Baker Hughes aimed at introducing advanced oil and gas technologies and boosting operational efficiency…
Malaysia’s MISC has secured long-term bareboat charter and operations and maintenance contracts with ExxonMobil PNG (EMPNG) for Papua New Guinea’s first floating storage and offloading (FSO) unit.The contracts comprise a firm 15-year charter with extension options of up to an additional 15 years…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding, has achieved first oil from the AK-2H well at the Sèmè Field Block 1 offshore Benin, as drilling complications and cost overruns prompt a strategic and financial review…
A pipeline between neighbors Guyana and Suriname to transport gas from their offshore projects would be of 'high interest' to increase the availability of the fuel, said on Wednesday the managing director of Suriname's state-run Staatsolie, Annand Jagesar…
Exxon Mobil's fifth and sixth projects in Guyana - Uaru and Whiptail - are progressing ahead of schedule and under budget, the oil major's president of Guyana operations said on Wednesday during an energy conference.Alistair Routledge, Exxon Guyana President…
Borr Drilling has reported a drop in revenue in its unaudited results for the three months and year ended December 31, 2025.Highlights include:•Fourth quarter total operating revenues of $259.4 million, a decrease of $17.7 million or 6% compared…
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