Addax Petroleum News


Canadian Oil Firm Looks for Ways to Keep Guyana’s Offshore Block

Dec 13, 2024

Toronto-listed Frontera Energy and partner CGX Energy are seeking alternatives to resolve a dispute with Guyana over rights to retain an offshore block where they found oil, but should they fail to reach an agreement, the matter is set to go to an arbitration court…

Viridien Concludes Seismic Survey Offshore Malaysia

Dec 10, 2024

Viridien has completed the seismic imaging for the Selat Melaka multi-client 2D seismic program, covering the offshore area of the Langkasuka Basin in Malaysia.The newly available final seismic dataset clearly indicates the presence of a previously unseen Pre-Tertiary fold and thrust belt…

Petronas Awards PSCs for Nine Fields and One Exploration Block off Malaysia

Dec 09, 2024

Malaysia’s state-owned energy giant Petronas has awarded Production Sharing Contracts (PSCs) for three oil and gas clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, with Shell and ConocoPhillips among the winners…

Repsol Gets $440K Fine for Halting NEO’s Production at Flyndre Field

Nov 26, 2024

The North Sea Transition Authority (NSTA) has issued its highest-ever fine of $440,000 (£350,000) on Repsol North Sea (RNS) for behavior that led to a shut-in at the Flyndre field and hampered economic recovery of petroleum.The Fulmar facility in the Central North Sea…

FPSO Petrojarl Enters Decom Phase as FPSO Atlanta Readies to Take Over

Nov 19, 2024

Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has ceased production from Petrojarl floating, production storage, and offloading (FPSO) unit, as the new FPSO Atlanta gets ready to take over at a field offshore Brazil…

Terradepth Launches Cloud-Based Ocean Mapping Tool for Offshore Energy Firms

Nov 15, 2024

Ocean data technology specialist Terradepth has launched a cloud-native geospatial platform for its offshore energy clients, dubbed Absolute Ocean.Purpose-built to host complex maritime data, Absolute Ocean provides web-browser based access to ocean maps…

QatarEnergy Enters Exploration Block Offshore Egypt

Nov 11, 2024

QatarEnergy has entered into an agreement with Chevron to acquire a 23% working interest in the concession agreement for the North El-Dabaa (H4) Block, in the Mediterranean Sea, offshore Egypt.According to the agreement, QatarEnergy will acquire a 23% interest…

ExxonMobil Takes Ownership of FPSO Prosperity

Nov 08, 2024

ExxonMobil has assumed ownership of the Prosperity floating, production, storage and offloading (FPSO) unit from SBM Offshore, operating at Payara, Guyana’s third offshore oil development on the Stabroek Block.ExxonMobil, through its affiliate ExxonMobil Guyana…

Shell Finds Gas at Selene Prospect in North Sea

Oct 31, 2024

Shell-operated joint venture, consisting of Deltic Energy and Dana Petroleum, has confirmed gas discovery in the Selene prospect in the North Sea.The Shell operated 48/8b-3Z well, in license P2437, proved a 160-meter-thick section of Leman Sandstone…

OKEA Secures Permit for New Brage Field Drilling Operation

Oct 24, 2024

The Norwegian Offshore Directorate has granted OKEA a drilling permit for a new wildcat well at Brage field in the North Sea.The permit is for a wellbore 31/4-A-23 F in production license 055.OKEA is the operator of the license with 35.2% stake…

Restart of Drilling Ops at Egypt’s Zohr Gas Field Expected in December

Oct 24, 2024

A rig is due to arrive at Egypt's Zohr gas field in December to restart drilling work, with the aim of producing 220 million cubic feet per day from two wells, Petroleum Minister Karim Badawi told a press conference on Wednesday.Egypt plans to increase oil and gas exploration works in 2025…

Hungary’s MOL and Turkish Petroleum Join Forces for Hydrocarbon Exploration

Oct 18, 2024

MOL Group and Turkish Petroleum Corporation (TPAO) have signed a memorandum of understanding (MoU) to cooperate as strategic partners in the exploration and production of hydrocarbons.The companies agreed to elevate their cooperation to a new…

Turkish Ship to Begin Oil Search off Somalia

Oct 03, 2024

A Turkish seismic research vessel plans to arrive off the coast of Somalia at the end of October and begin searching for oil and natural gas, after the countries agreed on energy cooperation, Turkey's energy ministry said on Thursday.The March…

Suncor Pleads Guilty to Charges for 2019 Terra Nova FPSO Injury Incident

Sep 27, 2024

Canada’s oil and gas producer Suncor Energy has pleaded guilty to the charges from the incident that took place in 2019, when a worker was injured following a fall from a ladder while conducting gas testing onboard the Terra Nova FPSO, in the Canada-Newfoundland and Labrador Offshore Area…

OKEA Sells Stake in Producing Field Off Norway to Lime Petroleum

Sep 24, 2024

Norwegian oil and gas company OKEA has entered into agreement with Lime Petroleum, a subsidiary of Rex International, to sell its stake in the Yme field for $15.6 million, exiting the producing field in the south-eastern part of Norwegian North Sea…

Current News

SLB Narrowly Beats Quarterly Profit Estimates

Vard Books Construction Order for CSOV Pair

ABL to Deliver Grid Works for 600MW French Offshore Wind Farm

Cadeler Adds Wind Keeper WTIV to Fleet, Locking in Long-Term Vestas Deal

Subscribe for OE Digital E‑News

Offshore Engineer Magazine