Oil Field News


Aramco Taps Saipem for Offshore Work in $600M Deal

Dec 30, 2025

Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco.The first contract (CRPO 162), with a duration of 32 months, encompasses the Engineering…

Senegal to Nationalize Kosmos-Run Yakaar-Teranga Gas Project

Dec 10, 2025

Senegal plans to nationalise the Yakaar-Teranga gas project, operated by Kosmos Energy and estimated to be one of the world's largest discoveries in recent years, with a view to meeting domestic gas needs, its energy minister said.Kosmos Energy…

Brage, YME Field Production Updates

Aug 11, 2025

Lime Petroleum AS  announced that for the full month of July 2025, production at the Brage and Yme Fields combined, net to LPA, was 11,941 barrels of oil equivalent per day (boepd).Brage Field: LPA holds a 33.8434 per cent interest in the Brage Field…

Energean Makes FID for Croatian Offshore Gas Field in Adriatic Sea

Jul 30, 2025

British gas producer Energean has taken the final decision to invest in the Irena gas field in the North Adriatic Sea off Croatia, it said on Wednesday.The gas field is located in the Izabela concession, an offshore gas development area in the North Adriatic Sea…

Qatari Output at Gas Field Shared With Iran Is Steady

Jun 17, 2025

Qatar's gas production at the South Pars field is steady and supply is proceeding normally, it said on Tuesday, after the world's largest gas field was hit by an Israeli airstrike on Saturday, prompting Iran to partially suspend its production…

Libya's Waha Oilfield Resumes

Aug 16, 2024

Maintenance on the Zaggut-Sidra pipeline linking Libya's Waha oilfield to the port of Es-Sider has been completed and flows have resumed, Waha Oil Company said on Friday. Oil production from the field is expected to return to normal levels in the coming hours…

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