Oil And Gas News


Namibia Targets First Oil Production from Venus Field in 2029/2030

Apr 24, 2024

Namibia is aiming for first oil production from TotalEnergies’ Venus field in 2029/2030, the country's petroleum commissioner Maggy Shino said on Wednesday.The southern African country, which is yet to produce any oil or gas, has become a global…

TotalEnergies Grows Stake in Giant Moho Field Offshore Congo

Apr 24, 2024

TotalEnergies has signed an agreement with Trident Energy combining the acquisition of an additional 10% interest in the Moho license from Trident Energy and the sale its 53.5% interest in the Nkossa and Nsoko II licenses offshore Congo.TotalEnergies…

Eni Agrees to Merge UK Upstream Assets with Ithaca Energy

Apr 24, 2024

Eni has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities, with Ithaca Energy, creating a major independent oil and gas company present on the UK Continental Shelf (UKCS)…

Argeo Lands Woodside Energy’s Calypso Survey

Apr 23, 2024

Norwegian offshore services company Argeo has signed a contract with Woodside Energy to conduct a geophysical survey for the deepwater Calypso field in Trinidad and Tobago.The autonomous underwater vehicle (AUV) survey work will be carried out by Argeo Searcher vessel…

Equinor's Hammerfest LNG Plant Evacuated Due to Gas Leak

Apr 23, 2024

Equinor's Hammerfest LNG plant in Arctic northern Norway was evacuated on Tuesday due to a gas leak that occurred during maintenance, the company said in a statement.Production at Europe's largest LNG export facility had been halted at the time due to the ongoing work…

Galp Seeks to Sell Stake in Namibia Oilfield After Discovery

Apr 23, 2024

Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia where it has made a major oil discovery, three industry sources familiar with the matter told Reuters.Galp's Mopane discovery…

Noble Corporation’s Drillship Seizes Africa’s Drilling Opportunities

Apr 23, 2024

Offshore drilling firm Noble Corporation has informed about two new drilling campaigns secured for its Noble Venturer drillship in Africa, which is currently employed on drilling assignment with Tullow Oil offshore Ghana.Following the early…

Trident Energy to Restart Drilling Campaign Off Equatorial Guinea with Noble Venturer Drillship

Apr 23, 2024

Trident Energy, has on behalf of the joint venture partners, awarded a contract to Noble Corporation for its Noble Venturer drillship, which is scheduled to restart the infill drilling at the Ceiba Field and Okume Complex offshore Equatorial Guinea…

Techouse Delivers Voyageur Spirit FPSO Equipment

Apr 22, 2024

Norwegian company Techouse has delivered a new sulphate removal unit (SRU) that will be installed on board the Voyageur Spirit FPSO, which is set for deployment at Eni-operated Baleine oil field offshore Côte d'Ivoire.Having secured the contract in May 2023…

Galp Concludes First Phase of Mopane Exploration Campaign Offshore Namibia

Apr 22, 2024

Portuguese oil company Galp has successfully completed the first phase of the Mopane exploration campaign in the PEL 83 block offshore Namibia, and started a process of evaluating commerciality of oil discoveries made in the past months.Galp (80%…

Aker BP’s Hanz Field Comes Onstream in North Sea

Apr 22, 2024

Aker BP-operated Hanz field in the Norwegian part of the North Sea, which is tied into the Ivar Aasen platform, has started production.Hanz is operated by Aker BP with 35% working interest, with partners Equinor owning 50% and Sval Energi 15% stake…

Esgian Week 16 Report: Rigs on the Move

Apr 21, 2024

Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar…

Türkiye Aims to Drill for Oil Off Somali Coast Next Year

Apr 19, 2024

Türkiye hopes to conduct a deep-sea oil drilling operation off the Somali coast in 2025, Energy Minister Alparslan Bayraktar said on Friday in an interview on broadcaster NTV.Türkiye and Somalia signed an offshore oil and natural gas cooperation deal last month…

Oilfield Firm SLB's Profit Rises on International Drilling Demand

Apr 19, 2024

Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, as strong international oil and gas drilling demand helped offset a slowdown in North America activity.Companies such as SLB have gained from a rise in demand…

Malampaya Gas Field Exceeds Export Capacity Amid Grid Demands in Philippines

Apr 19, 2024

Prime Energy has informed that the Malampaya offshore gas field in the Philippines was able to deliver more than its export capacity as the grid of the country’s Luzon island was placed on red and yellow alerts.Prime Energy, operator of the Malampaya project…

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