Brazilian state-run oil and gas company Petrobras has identified presence of hydrocarbons in the Santos Basin pre-salt, in an exploratory well of Aram block, offshore Brazil.The well, 4-BRSA-1395-SPS, is located 245 km from the city of Santos-SP…
Australian oil and gas company Woodside Energy has decided not to exercise its option for the farm-in to the PEL 87 block offshore Namibia, operated by Pancontinental Energy’s subsidiary.Pancontinental has received notification from Woodside…
ExxonMobil's Australian unit said on Monday that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting underdeveloped gas resources.The approval is for the A$350 million ($221…
Israel awarded licences to BP, Azeri national oil firm Socar and local company NewMed Energy NWMDp.TA on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.In 2023 the trio…
China National Offshore Oil Corporation (CNOOC) has brought on stream two oil and gas projects offshore China, which feature 'intelligent technologies' for improved efficiencies and reduced carbon footprint.The first project, Caofeidian 6-4 Oilfield Comprehensive Adjustment Project…
Petrobras has informed that a Drill Stem Test (DST) in the Sirius-2 well, located in deep waters of the Gujaira Basin offshore Colombia, proved ‘good productivity’.The DST assessed to approximately 100 meters reservoir interval, which demonstrated good productivity…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a ‘major breakthrough’ in the exploration of Paleozoic buried hills in the Beibu Gulf Basin, identifying ‘vast exploration prospects’ at the site.The…
Alexandre de Gusmão floating, production storage and offloading (FPSO) unit has entered Brazilian waters, and is heading to Petrobras’ Mero field in Santos Basin for commissioning works before being put into production later in 2025.Alexandre de Gusmão FPSO departed China…
Africa-focused oil and gas company VAALCO Energy has farmed into the CI-705 block offshore Côte d’Ivoire, becoming the operator of the block with ‘significant prospectivity’.VAALCO will become operator of the block with a 70% working interest…
Brazilian oil and gas firm PRIO, formerly PetroRio, has secured a drilling license from the Brazilian Institute of the Environment and Renewable Natural Resources (IBAMA) for the Wahoo field in the Campos Basin, offshore Brazil’s state Espírito Santo…
Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange Basin, offshore Namibia.The Joint Venture partners have drilled, cored and logged the Mopane-3X well (Well #5) which spud on January 2…
Shell Offshore and Shell Pipeline Company (SPLC), subsidiaries of oil and gas major Shell, have signed an agreement with ConocoPhillips to increase the stake in the Ursa platform in the Gulf of America.Under the agreement, Shell will increase the stake in its operated Ursa platform…
ExxonMobil’s Australian subsidiary Esso Australia Resources and its partners have announced a nearly $200 million investment in the Kipper 1B project which will bring online additional gas supply from the Gippsland Basin.The project, which was approved by Esso Australia…
Petronas, through Malaysia Petroleum Management (MPM), has concluded the Malaysia Bid Round 2024 (MBR 2024) with the signing of two Production Sharing Contracts (PSCs), located off the coast of Sabah. The state-owned energy giant has also launched MBR 2025…
Norwegian seismic firm TGS has secured a 4D streamer acquisition project in the Barents Sea covering the Vår Energi-operated Goliat field.The Goliat 4D project is scheduled to start in July.The total duration of the project is approximately 20 days…