BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters.BP is already working on stemming declining output at producing fields in the Caspian Sea, namely the Azeri–Chirag–Gunashli (ACG) complex of oilfields and the Shah Deniz gas field…
Vår Energi has started the tow out of the Jotun floating production, storage and offloading vessel (FPSO) from the Worley Rosenberg yard to the Balder field, which is on schedule for production start by the end of the second quarter of 2025…
The Indonesian Ministry of Energy and Mineral Resources (MEMR) has issued a directive to Conrad Asia Energy, the operator of the Mako Gas field offshore Indonesia, stating that all gas produced from the field would be sold to state-owned PT…
BW Energy has made a ‘substantial’ oil discovery with good reservoir quality on the Bourdon prospect in the Dussafu license, offshore Gabon. The well was drilled by Borr Drilling’s Norve jack-up rig to a total depth of 4,135 meters.Evaluation…
Africa-focused oil firm Tower Resources has agreed to purchase an additional 5% interest in the PEL96 license offshore Namibia from its local partner, ZM Fourteen Investment.The AIM-listed company will acquire additional share through its wholly-owned subsidiary Tower Resources (Namibia) Limited…
The Ministry of Petroleum and Mineral Resources of Egypt has opened a licensing round, offering seven offshore blocks in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert in an effort to attract further investments in the country’s oil and gas industry…
The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy…