Oil And Gas News


Vår Energi Gets Clearance to Drill Wildcat Wells off Norway

Jul 09, 2026

The Norwegian Offshore Directorate (NOD) has granted drilling permits to Vår Energi for two wildcat wells offshore Norway.The first permit is for wellbore 6407/5-3 S in production license 1002, in the Norwegian Sea.Vår Energi operates the license with 42…

US Moves Forward with Delfin LNG Deepwater Port License

Jul 09, 2026

The U.S. Department of Transportation's Maritime Administration (MARAD) has decided to move forward with issuing a deepwater port license to Delfin LNG after a federal appeals court denied review of a legal challenge by environmental groups…

TotalEnergies Ships First ECA LNG Cargo from Mexico to Asia

Jul 09, 2026

TotalEnergies has shipped the first cargo produced by the ECA LNG Phase 1 export terminal on Mexico's Pacific coast to Asia as the facility undergoes commissioning.The company holds a 16.6% stake in the project alongside operator Sempra Infrastructure and will offtake 1…

ExxonMobil Bets $1B on Nigeria’s Usan Offshore Development

Jul 09, 2026

ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add 40,000 barrels per day (bpd) of oil production, Nigeria's upstream regulator said on Wednesday.The Nigerian Upstream…

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Jul 09, 2026

The possible collapse of U.S.-Iran peace talks and the stop-start flow of tankers through the Strait of Hormuz are a nightmare scenario for Gulf nations desperate to return to normal after a bruising multi-month conflict.What was meant to mark…

BOEM Advances Third US Gulf Lease Sale

Jul 08, 2026

The U.S. Bureau of Ocean Energy Management (BOEM) has issued the final notice for its third Gulf of America offshore lease sale required under the One Big Beautiful Bill Act, offering about 80.4 million acres on the U.S. Outer Continental Shelf…

BluEnergies, TotalEnergies Step Up Exploration Offshore Liberia

Jul 08, 2026

BluEnergies and TotalEnergies have advanced a work program across blocks LB-26, LB-30 and LB-31 in the Harper Basin offshore Liberia aimed at confirming and improving drillable prospects.The program includes reprocessing 6,167 square kilometers of 3D seismic data…

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

Jul 08, 2026

Eni Muara Bakau, a subsidiary of Eni-Petronas joint venture Searah, has extended a drilling job for Ventura Offshore’s SSV Catarina semi-submersible rig, operating offshore Indonesia.Eni Muara Bakau has exercised an option for a fourth well and a tophole in Indonesia for the the SSV Catarina…

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

Jul 08, 2026

Dolphin Drilling has secured a further extension for its deepwater-capable semi-submersible rig Blackford Dolphin with Oil India, keeping the rig on contract until at least August 28, 2026.The extension will allow completion of drilling, testing…

UTM Offshore Secures Gas Supply for $3B FLNG Project

Jul 08, 2026

Nigeria's UTM Offshore said on Tuesday it had secured a 15-year gas supply agreement, removing a major obstacle to a final investment decision on its $3 billion floating liquefied natural gas (FLNG) project, now expected in the fourth quarter after delays…

Petrobras Pays $58M for Extended Wells Compliance Deadline

Jul 08, 2026

Brazilian state-run oil firm Petrobras signed an agreement committing to bring 335 offshore wells into technical compliance, oil and gas regulator ANP said in a statement on Tuesday.Under the signed agreement, Petrobras has until the end of 2030 to comply with the rules…

Oil Surges 3% on Renewed US-Iran Strikes

Jul 08, 2026

Oil prices gained more than 3% on Wednesday after Iran and the U.S. military traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again…

Well-Safe Solutions Expands Beryl Field Decom Scope to 260 Wells

Jul 07, 2026

Well-Safe Solutions has been appointed lead contractor for Apache North Sea’s Beryl Field decommissioning project, expanding the combined scope of its work for Apache to more than 260 wells.The award is the second contract Apache has given Well-Safe Solutions this year…

ADNOC, XRG and Mitsui Broaden Energy Cooperation

Jul 07, 2026

ADNOC and XRG have signed a strategic collaboration agreement with Mitsui to explore opportunities across liquefied natural gas (LNG), crude oil, sulfur, shipping and chemicals, as well as international energy investments through XRG.The agreement…

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Jul 07, 2026

ADNOC has signed a 15-year sales and purchase agreement with Japan's INPEX for the supply of 1 million tonnes per annum of liquefied natural gas (LNG), primarily from the Ruwais LNG project in Abu Dhabi.The agreement brings long-term commitments for the 9…

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