Rakhine Basin News


Inpex Moves to Accelerate Indonesia’s Abadi LNG Project

Jan 23, 2026

Japan's Inpex is working to advance the start of its Abadi project in Indonesia to meet the government's request to speed up and has seen strong interest from Western majors to buy liquefied natural gas, CEO Takayuki Ueda said.The long-delayed $20 billion project…

TGS Starts Multi-Client Data Reprocessing Scheme off Australia

Jan 22, 2026

Energy data and intelligence firm TGS has launched the Bonaparte Basin PSDM Reprocessing Project, a new multi-client initiative designed to enhance subsurface imaging and geological understanding offshore Australia.The project includes the reprocessing of the Cygnus 3D…

Shell's Sao Tome Offshore Exploration Yields No Commercial Find

Jan 21, 2026

Shell has failed to make a commercial discovery in its Falcao-1 exploration well on Block 10 offshore Sao Tome and Principe, the company said on Wednesday.'While the well did not encounter commercially viable hydrocarbons, the operation provided valuable insights into key aspects of the basin…

Sintana Energy Eyes Stake in Namibia’s Walvis Basin License

Jan 21, 2026

Sintana Energy has entered into a letter of intent (LoI) providing a period of exclusivity to evaluate an investment that would give the company an indirect interest in offshore Namibian license PEL 37 in the Walvis Basin.Under the agreement…

Murphy Oil's Drilling Ops in Africa Yield Non-Commercial Hydrocarbons Find

Jan 20, 2026

Oil and gas firm Murphy Oil has found non-commercial hydrocarbons in a well offshore Côte d’Ivoire in Africa.The Civette-1X well reached a total depth of 13,950 feet (4,252 meters) and encountered non-commercial hydrocarbons across multiple intervals…

Inpex to Refile Environmental Plan for Australia’s Offshore CCS Project

Jan 20, 2026

Japan’s Inpex will resubmit an environmental plan for its proposed 8 million metric ton-per-year Bonaparte carbon capture and storage (CCS) project off the north coast of Australia, a company spokesperson told Reuters on Tuesday.On Sunday, the…

Brava Energia to Buy Petronas Stake in Campos Basin Assets for $450M

Jan 16, 2026

Brazil’s Brava Energia has signed an agreement to acquire Petronas’ 50% equity interest in the Tartaruga Verde field and in Module III of the Espadarte field in the Campos Basin, in a transaction valued at $450 million.The assets are located…

TotalEnergies, BluEnergies Agree Joint Study on Liberia Deepwater Play

Jan 16, 2026

TotalEnergies has entered into a joint study and application agreement with Canada’s BluEnergies to assess the hydrocarbon prospectivity of the Harper Basin fan play offshore Liberia.Under the agreement, BluEnergies and the Liberian upstream…

Eni Launches Hull for Coral North FLNG Offshore Mozambique

Jan 16, 2026

Eni and its partners have launched the hull of the Coral North floating liquefied natural gas (FLNG) vessel, marking a key milestone in the development of Mozambique’s offshore gas resources.Coral North will be the second floating LNG facility…

MODEC Picks Everllence Compression Systems for Brazil FPSO

Jan 15, 2026

MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil.The FPSO will be moored in the pre-salt area of the Santos Basin…

TGS Embarks on OBN Multi-Client Survey in Gulf of America

Jan 15, 2026

Energy data and intelligence firm TGS has embarked on next-generation multi-client long-offset Ocean Bottom Node (OBN) acquisition campaign, dubbed APEX 1, in the Gulf of America.Node deployment for APEX 1 started in December 2025, and acquisition…

Eco Atlantic, Navitas Engage Guyana on Offshore License Extension

Jan 14, 2026

Eco (Atlantic) Oil & Gas has started discussions with the Government of Guyana regarding the continuation of its appraisal and exploration program on the offshore Orinduik Block, following the expiry of the license’s second renewal term.The…

Second Gas Discovery Confirmed at ConcoPhillips’s Otway Basin Well off Australia

Jan 14, 2026

Gas has been confirmed at the Charlemont-1 exploration well offshore Victoria, operated by ConocoPhillips, following the successful recovery of a gas sample that validates the Charlemont Trend in Australia’s Otway Basin.Australia’s 3D Energi…

Petrobras Boosts Tupi Field Production

Jan 13, 2026

Brazil's state-run oil firm Petrobras has been producing 1 million barrels of oil per day at its offshore Tupi field since Friday, CEO Magda Chambriard told Reuters on Tuesday.The milestone is the result of an effort by Petrobras to boost production in the declining oil field…

Navitas Eyes More North Falklands Exploration Acreage after Sea Lion FID

Jan 12, 2026

Navitas Petroleum has signed a non-binding agreement to farm into an offshore exploration license in the North Falklands Basin adjacent to its recently sanctioned Sea Lion oil development, as the operator advances plans to expand its footprint in the region…

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