Addax Petroleum News


Rex Subsidiary Lime Petroleum AS Awarded New License in Norway

Jan 17, 2025

Rex International Holding Limited (Rex International Holding Group) announced that its subsidiary Lime Petroleum AS (LPA) has been offered a 33.8434 per cent participating interest in  a new offshore licence in the 2024 Awards in Predefined Areas (“APA 2024”) round in Norway…

Petronas to Retain National Authority After Sarawak Gas Deal

Jan 15, 2025

Malaysian state energy firm Petroliam Nasional Berhad (Petronas) will retain its national authority over oil and gas even as Petroleum Sarawak Berhad (Petros) takes control of gas distribution in Sarawak state, Prime Minister Anwar Ibrahim said…

Norway Offers 53 Oil and Gas Licenses to 20 Firms

Jan 14, 2025

The Norwegian Ministry of Energy has offered 53 new production licenses on the Norwegian continental shelf in the APA 2024 licensing round to a total of 20 companies.Awards in Predefined Areas (APA) is an annual exploration round for the Norwegian continental shelf…

Aker BP Bites Dust in North Sea

Jan 14, 2025

Aker BP and its partner Concedo have drilled a dry well near the Bøyla field in the North Sea.The well, 24/12-8 S or ‘Rumpetroll South’, is a follow-up to the discovery made in well 24/9-13 – ‘Rumpetroll’, in 2019.Both wells are located in production license 869…

ENI Drill Ship to Start Work Soon Off Egypt

Jan 03, 2025

A drill ship will arrive in Egypt this month as operator Eni starts work on increasing production from the giant Zohr offshore gas field, Egypt's petroleum ministry said in a statement.Egypt had planned to become a major gas exporter after Eni discovered the field in 2015…

First Oil Starts Flowing from FPSO Atlanta Off Brazil

Jan 02, 2025

Brazilian oil and gas company Brava Energia has started production from the Atlanta floating, production storage, and offloading (FPSO) unit offshore Brazil.The achievement makes Brava Energia the first independent oil and gas company in the…

FPSO Atlanta to Start Production Off Brazil in Coming Days

Dec 31, 2024

Brazilian oil and gas company Brava Energia has received the authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to start production from Atlanta floating, production storage, and offloading (FPSO) unit offshore Brazil…

Brava Energia Restarts Production at Papa-Terra Field

Dec 30, 2024

Brava Energia, formerly 3R Petroleum before the merger with Enauta, has restarted production at Pappa-Terra field assets in the Campos Basin, offshore Brazil.During the production shutdown, significant progress was made in the maintenance and…

Subsea7 Secures IRM Job at Türkiye’s Sakarya Gas field

Dec 30, 2024

Offshore services firm Subsea7 has secured a ‘sizeable’ contract by Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea.The…

Occidental Petroleum’s Subsidiary Secures Oil and Gas Permit Off Colombia

Dec 23, 2024

Colombia's national environmental licensing agency (ANLA) on Friday said it has awarded an environmental license to Anadarko Colombia Company, a subsidiary of Occidental Petroleum, to carry out oil and gas exploration in the country's Caribbean waters…

Equinor Comes Up Dry Offshore Norway

Dec 23, 2024

Equinor and its partners have drilled two wells in the North Sea, both of which were proven dry.The wildcat wells Kvernbit and Mimung (35/10-14 A and 35/10-14 S) are the first to be drilled in production license 1185, which was awarded in 2023…

Brava Energia Starts Sale Process for 11 Potiguar Basin’s Oil and Gas Concessions

Dec 17, 2024

Brava Energia, formerly 3R Petroleum before the merger with Enauta, has entered into exclusivity agreement with Azevedo e Travassos (A&T) and Petro-Victory Energy (PVE) for the potential sale of oil and gas concessions in the state of Rio Grande do Norte…

BP and ADNOC’s XRG Launch JV Focused on Egypt’s Gas Assets

Dec 16, 2024

BP and XRG, ADNOC’s international energy investment company, have established new regional gas platform, Arcius Energy, to initially focus on development of gas assets in Egypt.Announced in February 2024, Arcius Energy is 51% owned by BP and 49% by XRG…

QatarEnergy Takes Share of Chevron-Operated Block Offshore Namibia

Dec 16, 2024

QatarEnergy has entered into an agreement with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron, to acquire a working interest in an oil and gas block offshore Namibia.Pursuant to the agreement, QatarEnergy will acquire a 27…

Aker BP Bites Dust Offshore Norway

Dec 13, 2024

Aker BP and its partners have drilled a wildcat well in the northern part of the North Sea, which proved to be dry.The well 34/6-7 S was drilled with Odfjell Drilling’s Deepsea Nordkapp semi-submersible rig, about 40 kilometres north of the Visund field…

Current News

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Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Serica Energy Strengthens North Sea Portfolio with Latest Acquisition

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