QatarEnergy has signed a production sharing agreement for shallow-water Block S4 offshore Guyana. The block was awarded through the 2022 Guyana Licensing Round.Under the terms of the agreement, QatarEnergy will hold a 35% share, while its partners TotalEnergies will act as operator…
ExxonMobil Guyana and its Stabroek block co-venturers, Hess Guyana Exploration and CNOOC Petroleum Guyana, have reached a new milestone in the South American country, with the production rising to 900,000 barrels of oil daily.The achievement…
U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Suriname's Staatsolie has approved the commercial declaration of the Sloanea gas discovery by Malaysia's Petronas at one of the country's most promising offshore areas, Block 52, the state-run company said on Thursday.The declaration follows…
From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil LKOH.MM are attracting potential bidders as time runs out to clear deals before U.S. authorities enforce sanctions.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Viridien, in collaboration with TGS, has made available the early out results from the Laconia Phase III ultra-long offset ocean bottom node (OBN) survey in the Gulf of America.The initial 5Hz Acoustic TLFWI (AFWI) Ocean Bottom Node (OBN) products from the Laconia Phase III survey are now available…
Offshore drilling contractor Northern Ocean and oil and gas firm Rhino Resources have signed a contract extension for Deepsea Mira semi-submersible drilling rig for work offshore Namibia.The contract for Deepsea Mira with Rhino Resources, signed in July 2025…
Nigeria will begin a fresh round of oil licensee auction from next month, the oil regulator said on Tuesday in London, as part of plans to revive idle assets and grow production.'We are announcing that we are ready, following the approval of…
Britain plans to ban companies from providing services such as shipping and insurance for Russian liquefied natural gas exports, in its latest attempt to help Ukraine in its war against Russia by trying to choke off Kremlin revenue.In October…
Equinor has closed the sale of a 40% operated interest in the Peregrino field in Brazil to PRIO. Following this transaction, PRIO assumes full operatorship of the field.Equinor has received a total payment of $2.33 billion for its 40% operated interest…
Oil producers TotalEnergies, Qatar Energy and Petronas have signed a five-year agreement with Guyana's government to explore a shallow-water block, authorities and company executives said on Tuesday.Guyana has struggled to diversify its energy industry…
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down…
NEO NEXT Energy, a joint venture between Repsol and NEO, has exercised its pre-emption rights over BP’s P111 and P2544 licenses, blocking Serica Energy’s proposed $232 million deal for the North Sea assets.Serica Energy said NEO NEXT, a license partner…
Exxon Mobil has signed a deal to explore for natural gas offshore Greece, increasing the U.S. presence in the eastern Mediterranean just as the Trump administration seeks to replace Russian energy flows into Europe.The United States, which holds vast reserves of domestic natural gas…
Two consortia led separately by Malaysia's Petronas and U.S. Chevron have signed production-sharing contracts with Suriname's Staatsolie to explore and develop two offshore areas in the South American country, the state company said on Wednesday…