Browse Basin News


CNOOC Puts Into Production New Oil Field in South China Sea

Apr 14, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream Wenchang 9-7 oil field development in the western Pearl River Mouth Basin in South China Sea.The main production facility is a new drilling and production platform…

Mozambique Approves Eni's Coral Norte FLNG Plan

Apr 08, 2025

Mozambique on Tuesday approved the development plan for Eni's second floating liquefied natural gas platform, Coral Norte, paving the way for a final investment decision.According to a government statement, the plan will see the production of 3…

Vietnam to Open Bidding Round for Three Offshore Oil Blocks

Apr 04, 2025

Vietnam's state oil firm PetroVietnam will invite oil companies to bid to develop three offshore oil blocks, the government said on Friday.They include Block 17 in Cuu Long Basin and Block 10/11 and Block 10&11-1 in Nam Con Son Basin, all on Vietnam's continental shelf…

New Alliance Set Up to Boost Australia’s Subsea Sector

Apr 03, 2025

Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA) have signed a memorandum of understanding (MoU) to work together to grow the subsea sector in both hemispheres.GUH, the trade and development body which represents the UK’s $11…

BW Energy Gets Golfinho Production Extension Off Brazil Until 2042

Apr 02, 2025

Oil and gas company BW Energy has been granted extension to the Golfinho license production phase to 2042 by the Brazilian oil and gas regulator ANP.The production phase under the Golfinho concession contract has been extended to 2042 from previously 2031…

Constellation-Operated Jack-Up Rig Up for Petrobras Job

Mar 31, 2025

Constellation, an offshore oil and gas drilling services provider in Brazil, has secured a new contract with Petrobras for the deployment of Admarine 511, a jack-up drilling rig owned by its commercial partner ADES Holding.The rig, operated by Constellation…

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Mar 31, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a major oil field discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in-place…

Dolphin Drilling Appoints Permanent CEO and CFO

Mar 28, 2025

Oslo-listed offshore drilling firm Dolphin Drilling has appointed Jon Oliver Bryce as permanent chief executive officer (CEO) and Ingolf Gillesdal as chief financial officer (CFO).Jon Oliver Bryce has been appointed permanent CEO, effective immediately…

ADNOC’s XRG Acquires Galp's Share in Mozambique Offshore Block

Mar 28, 2025

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin.The Rovuma Basin, one of the largest gas discoveries in the past 15 years…

NEO Energy and Repsol to Merge UK Oil and Gas Assets

Mar 27, 2025

NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be…

TechnipFMC Awarded Major Contract for Gato do Mato

Mar 25, 2025

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil.In addition to integrated execution…

Petrobras Finds Hydrocarbons in Campos Basin Exploratory Well

Mar 25, 2025

Brazilian state-run oil and gas company Petrobras has identified the presence of hydrocarbons in the Campos Basin pre-salt, in an exploratory well of Norte de Brava block.The hydrocarbons have been found in the well 1-BRSA-1394-RJS, located 105 km from the state of Rio de Janeiro…

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

Mar 25, 2025

MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years.The agreement follows…

Shell Makes FID for Deepwater Gato do Mato Project off Brazil

Mar 21, 2025

Shell Brasil Petróleo, a subsidiary of Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater oil and gas project in the pre-salt area of the Santos Basin, offshore Brazil.The Gato do Mato Consortium includes Shell (operator with a 50% stake)…

Floatel International Sells Laid Up Accommodation Rig

Mar 19, 2025

Offshore accommodation rig provider Floatel International has finalized the sale of semi-submersible accommodation rig Floatel Reliance, which has been in lay-up since April 2016.The firm contract follows the previously announced agreement in…

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