Eni Ghana and Vitol have signed two memoranda of understanding (MoUs) with Ghana's government covering two offshore blocks in the Tano Basin, paving the way for the parties to finalize petroleum agreements.The MoUs cover blocks GH WB 3 and GH WB 8…
Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports.Italy currently produces about 29 million barrels of crude oil a year…
SED Energy Holdings and Ventura Offshore have signed a letter of intent for an all-share combination that would create an energy services group with about $1.3 billion in contracted revenue backlog and an implied pro forma equity value of approximately $1 billion…
Norway's energy ministry said on Friday it has received applications from 21 oil and gas companies seeking exploration acreage in the government's annual mature-areas (APA) licensing round.The number of companies rose by one from last year's APA round…
Saipem and Jan De Nul have signed a letter of intent with ExxonMobil for preliminary work on the offshore portion of the Rovuma LNG Phase 1 development in Mozambique, ahead of a potential engineering, procurement, construction and installation (EPCI) contract…
Boskalis’ recently commissioned Windpiper subsea rock installation vessel has started its maiden project at the Bałtyk 2 and Bałtyk 3 offshore wind farms in the Baltic Sea, placing its first rocks to protect the projects’ export cables.The 227-meter-long vessel loaded nearly 45…
Golden Energy Offshore Services (GEOS) said Peterson has exercised a further well option for the platform supply vessel (PSV) Energy Paradise, extending its firm employment into early 2027.The option has an anticipated duration of about 100 days and an estimated contract value of $3…
Odfjell Drilling has received a letter of award from Vår Energi for a three-year drilling campaign with the Deepsea Bergen rig starting in early 2028, with the firm backlog valued at about $518 million.The work will begin after completion of…
Senegal plans to offer 109 oil and gas blocks at a roadshow to local and foreign investors, the West African country's energy minister, El Hadji Abdourahmane Diouf, said.Senegal has 113 oil and gas blocks, Diouf said, adding that only four of them are already under contract…
Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East…
TotalEnergies has made a new oil discovery at Acacia-5 in Angola's Block 17 and expects to bring it into production just three months after the June 2026 discovery, while expanding its exploration portfolio with operated interests in two additional offshore blocks…
Petronas has awarded a production sharing contract for Malaysia's Estuary Cluster to Harvester Energy and handed over enhanced seismic data for the Mutiara Cluster to DIALOG Resources, advancing development of discovered oil and gas resources in two Malaysian basins…
French oil major TotalEnergies will invest $10 billion with partners in Angola over the next five years to bolster production across various projects, Chief Executive Patrick Pouyanne said at an oil conference in Luanda on Wednesday.Angola,…
DNV, the independent energy expert and assurance provider, has quantified how standardizing turbine designs and securing predictable project pipelines could reduce the average lifetime cost of electricity from North Sea offshore wind by up to 28% by 2050 in a high-volume scenario…
ExxonMobil has made a new hydrocarbon discovery at the Vicango East-01 exploration well in Angola’s offshore Block 15, marking the third discovery in the prolific block in the past four years.The well encountered about 25 metres (82 feet) of high-quality…