Offshore Oil News


Philippines Accuses China of Illegal Marine Research Near Gas-Rich Reed Bank

May 07, 2026

The Philippine Coast Guard has accused China of conducting illegal marine scientific research near the oil and gas-rich Reed bank within Manila's exclusive economic zone in the South China Sea, according to a statement on Thursday.'We will continue…

Guyana Opposes Venezuela's Claim on Oil-Rich Esequibo Region

May 04, 2026

Guyana has asked judges at the International Court of Justice to rule that Venezuela does not have a legitimate claim on the potentially oil-rich region around the Esequibo river, which has been the subject of a dispute between the Latin American neighbours since colonial days…

Sierra Leone Allows Shell to Conduct Offshore Surveys

Apr 22, 2026

Sierra Leone has signed an agreement with Shell that allows the oil major to conduct advanced geological and geophysical surveys across multiple offshore blocks, the country's petroleum directorate said on Wednesday.The reconnaissance permit agreement covers an area of approximately 20…

Sable Offshore Sees More Offshore Wells Restart; Boosts California Output

Apr 20, 2026

Oil and gas producer Sable Offshore said on Monday it was ramping up production across its California assets as more wells come online and a third platform is set to begin operations later this year.Its shares were up 3.7% in premarket trading…

Romania Refuses to Sell Offshore Blocks for Black Sea Exploration Project

Mar 31, 2026

Romania is hindering further offshore gas exploration in the Black Sea by not auctioning off new blocks, the chief executive of an offshore gas project said on Tuesday.The European Union and NATO member has an estimated 200 billion cubic metres…

Oil Sales from California’s Santa Ynez Pipeline Begin

Mar 30, 2026

Sable Offshore said on Monday it has begun selling oil from its Santa Ynez Pipeline System offshore California to Chevron, after resuming crude transportation earlier this month.Shares were up more than 3% in premarket trading.The pipeline system…

BP Plans For August Maintenance at Central Azeri Platform

Mar 06, 2026

BP plans to carry out scheduled maintenance at the Central Azeri platform for 11 days in August 2026, the company's regional president for Azerbaijan, Georgia and Turkey Giovanni Cristofoli said.The shutdown will affect only the platform’s gas infrastructure…

Shell Troubleshoots Subsea Equipment at Ormen Lange Oil Field

Feb 26, 2026

Shell is currently troubleshooting parts of the subsea system at its offshore Ormen Lange gas field in the Norwegian Sea, where output has been curtailed since February 16, the company said on Thursday.Shell Norway has mobilised a vessel with a remotely operated vehicle (ROV)…

Ndungu Full-Field Starts Up Offshore Angola

Feb 20, 2026

Eni announced the start-up of the Ndungu full-field, part of the Agogo Integrated West Hub Project (IWH), in the western area of Block 15/06, offshore Angola.The project comprises seven production wells and four injection wells, with an expected production peak of 60…

Oil Companies Snap Up West African Blocks in Search for Next Big Thing

Feb 04, 2026

Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil.Companies are restocking their oil…

BP in Trinidad and Tobago Interested in Cross-Border Opportunities with Venezuela

Jan 26, 2026

BP's head of Trinidad and Tobago said on Monday the oil and gas major is still interested in cross-border opportunities with Venezuela, despite the government in Caracas suspending all bilateral energy agreements with its neighbor last year…

Petrobras Signs $521M Contracts for Gas Carriers, Barges and Pushers

Jan 20, 2026

Brazilian state-run oil firm Petrobras and its logistics subsidiary Transpetro on Tuesday signed contracts with shipyards for five gas carriers, as well as 18 barges and 18 pushers, for 2.8 billion reais ($520.82 million).The companies made…

Grupo Carso Buys Out Lukoil in Ichalkil, Pokoch Oil Fields

Jan 19, 2026

Mexican conglomerate Grupo Carso, controlled by magnate Carlos Slim, will buy out Lukoil to hold a full stake in the Ichalkil and Pokoch offshore oil fields, the firm said in a filing on Monday.In the deal, Grupo Carso will buy Lukoil subsidiary Fieldwood Mexico for $270 million…

Archer Awarded Integrated Deepwater P&A Contract in the Gulf of America

Jan 14, 2026

Archer, in collaboration with SLB, has been awarded an integrated plug and abandonment (P&A) contract with Equinor for the Titan platform in the Gulf of America (GoA).The service offerings under the contract includes project management, well engineering…

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