Petrobras has signed agreements with Petronas Petróleo Brasil to acquire the remaining 50% stakes in the Tartaruga Verde and Espadarte Module III fields offshore Brazil.The fields are located in the Campos Basin, where Petrobras will regain…
Perenco has completed the acquisition of Saturn Banks assets in the U.K. Southern North Sea after receiving regulatory approval.The transaction, agreed with CalEnergy Resources, includes the purchase of CalEnergy North Sea Limited and CalEnergy Infrastructure Limited…
SLB has signed an agreement between Petronas Suriname, a subsidiary of Petronas and Subsea Integration Alliance, comprising SLB OneSubsea and Subsea7.The partnership aims to unlock resources in Suriname’s emerging frontier basin through innovative and cost-effective subsea solutions…
Brazilian oil and gas firm PRIO has brought a third producing well online at its Wahoo field offshore Brazil, as it advances plans to ramp up output to 40,000 barrels per day by the end of April.The company said production from the third well has stabilized at around 10…
Offshore drilling contractor Valaris has secured a multi-year contract extension with Petrobras offshore Brazil and entered into a strategic collaboration agreement with Petronas and Halliburton for offshore development in Suriname.The company said the drillship VALARIS DS-4 was awarded a 1…
Offshore drilling contractor Seadrill has secured a 1,095-day contract extension for the West Polaris drillship with Petrobras offshore Brazil, adding about $480 million to its backlog.The extension will see the ultra-deepwater drillship continue operations at the Búzios field in the Santos Basin…
OMV Petrom and its partners have completed drilling of the Krum-1 exploration well in the Han Asparuh Block offshore Bulgaria, but did not encounter significant gas volumes.The well, drilled to a depth of around 3,500 meters in the Black Sea…
Jadestone Energy, an Asia-Pacific focused oil and gas company, has shut down production at its Stag field offshore Australia after Cyclone Narelle caused damage to platform and offloading facilities.The company said operations were halted on…
Brazilian independent oil and gas firm PRIO has brought a second producing well online at its Wahoo field offshore Brazil, with output stabilizing at 12,000 barrels of oil per day.The company said additional wells are scheduled to come online…
Etu Energias has agreed to acquire stakes in offshore Blocks 14 and 14K in Angola from Azule Energy, after exercising pre-emption rights over the assets.Azule Energy, a joint venture combining the Angolan businesses of BP and Eni, said it signed…
Petrobras has identified the presence of oil in the pre-salt of the Campos Basin following drilling activities at the Marlim Sul Field offshore Brazil.The discovery was made at well 3-BRSA-1397-RJS, located about 113 km offshore in water depths of 1…
Mubadala Energy has been awarded the Southwest Andaman exploration Production Sharing Contract in Indonesia, expanding its position in the Andaman Sea.The Abu Dhabi-based company will hold a 100% participating interest and operate the block…
Serica Energy has completed the acquisition of a 40% operated interest in the Greater Laggan Area and associated infrastructure from TotalEnergies, strengthening its position in the West of Shetland basin.The deal, first announced in September 2025…
Norway's Equinor has begun drilling producer and injector wells for its offshore Raia natural gas project in Brazil, while also planning fresh exploratory activities in the South American nation, its top executive in the country told Reuters…
Energy data and intelligence specialist TGS has completed the three-year GeoStreamer X (GSX) acquisition and processing campaign in the Norwegian Sea, culminating in the delivery of the final Dual Azimuth products to clients.With the campaign completed…