Oil production on the Norwegian continental shelf (NCS) in 2025 reached its highest level since 2009, according to the 2025 Resource Accounts, reported by Norwegian Offshore Directorate.The report showed high production of both liquids and gas…
Shell has launched a multi-well offshore drilling campaign in Egypt’s Mediterranean waters using Stena Drilling’s Stena IceMax drillship, marking the start of a new development phase at the West Mena gas field.Egypt’s Minister of Petroleum and Mineral Resources…
Mubadala Energy has completed the acquisition from Eni of a 15% participating interest in the Nargis Offshore Area concession in Egypt.Following the transaction, Eni holds 30% of the contractor interest in the block through its subsidiary IEOC…
Tullow Oil has signed a sale and purchase agreement to acquire the floating production, storage and offloading vessel (FPSO) Prof. John Evans Atta Mills for $205 million, as Ghana ratified extensions to key petroleum agreements covering the Jubilee and TEN fields…
Malaysia’s MISC has secured long-term bareboat charter and operations and maintenance contracts with ExxonMobil PNG (EMPNG) for Papua New Guinea’s first floating storage and offloading (FSO) unit.The contracts comprise a firm 15-year charter with extension options of up to an additional 15 years…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding, has achieved first oil from the AK-2H well at the Sèmè Field Block 1 offshore Benin, as drilling complications and cost overruns prompt a strategic and financial review…
Turkish Petroleum (TPAO) has signed a partnership agreement with Shell to conduct oil and gas exploration activities in the Khan Tervel Field located in Bulgaria’s exclusive economic zone, marking its latest move to expand internationally.Under the deal…
DUG Technology, in partnership with Searcher Seismic, has signed an agreement for the provision of multi-client 3D seismic data reprocessing offshore East Sarawak.Under the terms of the agreement, DUG and Searcher will reprocess previously acquired…
Energy and marine consultancy ABL has been appointed to provide marine warranty survey (MWS) services to support the offshore construction for the Phase 4 development of the Kamose offshore gas field development in the Mediterranean Sea for North Sinai Petroleum Company (NOSPCO)…
Azule Energy, jointly owned by Eni and BP, has made an oil discovery at the Algaita-01 exploration well in Block 15/06 offshore Angola, with initial estimates pointing to approximately 500 million barrels of oil in place.The well, located in the offshore Lower Congo Basin…
Elemental Energies has acquired Norway-based geoscience specialist Applied Petroleum Technology (APT), expanding its subsurface and geochemistry capabilities as operators seek deeper technical insight across the well lifecycle.APT provides petroleum geochemistry…
ORLEN Upstream Norway has agreed to acquire a 25% interest in production license PL293 in the North Sea from Vår Energi, which covers the unconventional Afrodite gas discovery.The Afrodite gas discovery has the potential to deliver nearly 2 billion cubic meters of natural gas net to ORLEN…
Malaysia’s Petronas, through Malaysia Petroleum Management, has launched the Malaysia Bid Round 2026, offering nine exploration blocks and six discovered resource opportunities in a move aimed at strengthening Malaysia’s position as an upstream investment hub…
Egypt has directed international oil companies to double production by 2030, Energean International CEO Nicolas Katcharov told Reuters on Tuesday, saying existing contracts must be revised to spur new investment.Katcharov said the low gas prices…
Malaysia’s Petronas has strengthened upstream collaboration in Sabah through a new oil and gas production sharing contract (PSC) award and an equity transfer agreement involving state-linked partners.Petronas Carigali, a wholly owned subsidiary of Petronas…