Türkiye will deploy its first floating gas production platform, Osman Gazi, to the Sakarya gas field in the Black Sea on October 17, aiming to more than double domestic gas production to 20 million cubic meters per day, the country's Ministry of Energy and Natural Resources said…
South Africa's environment minister has dismissed a challenge lodged by conservationists against an environmental authorization to allow exploration in TotalEnergies-operated Block 3B/4B off the country's West Coast.The decision by Environmental Affairs Minister David Maynier…
Ithaca Energy said Chief Executive Officer (CEO) Luciano Vasques intends to retire from the company by March 31, 2027, with the board beginning a search for his successor.The company said the succession process would allow for an orderly transition of responsibilities…
Italian energy firm Eni will start drilling up to six development wells from November that will feed gas to its new Coral North floating liquefied natural gas platform offshore Mozambique, a senior executive told Reuters on Thursday.The project is on track to start production by 2028…
SFL Corporation has won a Norwegian appeals court ruling in its contract dispute with Seadrill over the redelivery of the offshore drilling rig Hercules, with the court ordering Seadrill to pay approximately $55 million (NOK 525 million).The…
Angola intends to implement faster exploration concessions from next year as part of a new long-term hydrocarbon strategy that aims to attract investment and stimulate oil and gas production, a senior government official said on the sidelines of an energy conference in Cape Town…
Seascape Energy has signed a letter of agreement with Petronas for a 547-square-kilometre extension of its Temaris Cluster Small Field Asset production sharing contract (PSC) offshore Malaysia, potentially doubling the gas resources identified in the area…
BW Energy has confirmed commercial oil volumes in two appraisal wells at the Dussafu field offshore Gabon, identifying approximately 8 million to 9 million barrels of gross recoverable oil and paving the way for two additional production wells…
Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook.Eight months into the war…
TotalEnergies expects its refining margins to have nearly quadrupled in the third quarter compared to last year, as the Iran war continues to lift energy prices and boost profits for oil majors, the French company said in a trading update on Thursday…
Guardian Decommissioning and Wild Well Control have signed an agreement for the decommissioning of the Bullwinkle offshore platform in Green Canyon Block 65 in the U.S. Gulf, with well abandonment activities scheduled to begin in the fourth quarter of 2026…
Sunda Energy has advanced to the exclusive phase of its application for an offshore petroleum exploration permit covering the Awakino gas condensate discovery in New Zealand's Taranaki Basin, following the conclusion of a three-month competitive bidding period…
Petrobras has signed cost and volume balancing agreements with Shell, TotalEnergies and Petrogal covering the Berbigão and Sururu shared reservoirs in Brazil's offshore Santos Basin, under which it will receive a net payment of approximately $859 million…
BW Energy has secured $208 million in long-term lease financing for the Akoum wellhead platform (WHP) planned for its Bourdon oil field development offshore Gabon, alongside an 18-month extension of its $250 million corporate revolving credit facility…
Argentina's government said on Tuesday it had filed a request for provisional measures with the International Tribunal for the Law of the Sea seeking to halt British-authorized hydrocarbon activity near the Falkland Islands.The request aims…