Rhino Resources has completed the drilling of the Sagittarius 1-X well at PEL85 license in Orange Basin, offshore Namibia, encountering a hydrocarbon-bearing reservoir.The Sagittarius 1-X well was spud on December 18, 2024 using Noble’s drillship Noble Venturer…
A consortium led by U.S. major Exxon Mobil plans to produce up to 180,000 barrels per day (bpd) of oil and 95 million cubic feet per day (mmcfd) of gas at its seventh project in Guyana, Hammerhead, according to a document published by the country's environmental agency on Monday…
Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy, multiple sources told Reuters.The timing of the stake…
Chevron-led consortium, in charge of the development of Aphrodite field offshore Cyprus, has signed a non-binding memorandum of understanding (MoU) with the Egyptian national gas company EGAS for the export of gas from the field to Egypt.The MoU was signed by Chevron-led consortium…
Floating production solutions specialist Amplus Energy Services has signed an agreement with Altera Infrastructure to acquire the Petrojarl I floating production storage and offloading (FPSO) unit, which recently completed its deployment at Petrobras’ Atlanta field offshore Brazil…
Brazilian state-run oil firm Petrobras has signed two Protocols of Intent to carry out studies on the reuse of oil and gas production platforms that are in the demobilization stage.The first Protocols of Intent agreement was signed by Petrobras…
U.K.-based oil firm Serica Energy has suspended the production at Triton floating production storage and offloading (FPSO) unit in the North Sea, following the damage caused by the Storm Éowyn in January 2025.According to Serica Energy, during the storm on January 24…
UAE-based shallow water drilling contractor Shelf Drilling has formed a strategic alliance with Arabian Drilling, the largest onshore and offshore drilling company in Saudi Arabia by fleet size, to work together on international rig deployment…
Italian energy major Eni has signed an agreement with Egypt and Cyprus for the development and export of Cyprus Block 6 gas through Egypt’s existing infrastructure.The agreement outlines a comprehensive framework enabling a rapid development of the Cronos gas discovery offshore Cyprus…
SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units.The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI)…
The Cypriot government has approved the updated plan for the Aphrodite gas field, filed by Chevron-led consortium, which will see the construction of a floating production unit (FPU) and a pipeline for exporting gas to Egypt.Following Cypriot government’s approval of the plan…
U.S. President Donald Trump's administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year…
The floating production, storage, and offloading (FPSO) unit Almirante Tamandaré, built by SBM Offshore, has started production at Petrobras’ Búzios field, offshore Brazil.This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225…
Petrobras has made an oil discovery at the Búzios field, reaffirming the pre-salt potential of the field located in the Santos Basin, offshore Brazil.Petrobras confirmed the presence of oil with the drilling of well 9-BUZ-99D-RJS, located in the western region of the Búzios field…
BP has started production from the second development phase of the Raven field offshore Egypt, the global oil company said on Sunday.BP said in a statement that the new wells are set to produce approximately 220 billion cubic feet of gas and 7 million barrels of condensate…