TotalEnergies has signed four Production Sharing Contracts (PSCs) for exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation Licensing Round organized by the Liberia Petroleum Regulatory Agency.The agreements were signed for the blocks LB-6…
Perenco has started active field reactivation program for the Cherne and Bagre fields in Campos Basin, acquired from Petrobras earlier in 2025, helping meet the industry’s mature field challenges and unlocking in excess of 50 mmstb of reserves…
Brazil's President Luiz Inacio Lula da Silva said on Tuesday that environmental agency Ibama should be satisfied with the results of an emergency drill done by state-run oil firm Petrobras in the country's Foz do Amazonas basin, ahead of Ibama's official assessment…
Viridien has started the processing and imaging phase for the Utsira North multi-client Ocean Bottom Node (OBN) seismic survey in the Norwegian North Sea, to support exploration and development on the Norwegian Continental Shelf.The processing…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production from the Wenchang 16-2 oil field development project in the northern part of South China Sea.The project is located in the western Pearl River Mouth Basin…
French seismic firm Viridien, in collaboration with joint venture partner TGS, has started the Megabar Extension Phase I survey in the Barreirinhas Basin offshore Northern Brazil.The 5,300 sq km multi-client 3D seismic survey will be acquired…
Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5 billion in Angola over the next four to five years, Eni's Chief Operating Officer Guido Brusco told Reuters on Wednesday.The latest…
Chevron has signed a preliminary agreement with Angola's national oil and gas concessionaire ANPG to explore for oil in the country's offshore block 33/24, the U.S. oil major said on Wednesday.The risk services contract with Angola's National Oil…
Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in Campos Basin and the emerging Equatorial Margin, two of Brazil’s most strategically important regions…
TechnipFMC has secured two subsea contracts from Brazil’s state-controlled oil company Petrobras to supply flexible pipe systems for projects in the Santos and Campos basins.The first award, classed by TechnipFMC as ‘substantial’ and valued between $250 million and $500 million…
TotalEnergies, together with its partner South Atlantic Petroleum, have signed the Production Sharing Contract (PSC) for two exploration licenses offshore Nigeria.The PSC was signed for the PPL 2000 and PPL 2001 licenses, in which TotalEnergies is the operator with 80% working interest…
Peru's oil regulator expects to complete the bidding process for an offshore area in the Talara basin by November, an executive said on Wednesday.The lot Z69 was put on offer earlier this year.Peru has a total of 54 onshore and offshore areas…
Suriname state oil firm Staatsolie will launch in November an 'open-door offering' for offshore areas to be explored and evaluated, the company said on Tuesday, as the small South American nation seeks partners and financing for what it hopes could be an oil and gas boom…
AMIGO LNG S.A. de C.V., a Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, announced the execution of a long-term Sale and Purchase Agreement (SPA) with Macquarie Group, a global trading and financial services group…
The Búzios field, operated by Petrobras, broke its record and surpassed daily production of 900,000 barrels of oil last weekend.Located in the pre-salt layer of the Santos Basin, about 180 kilometers off the coast of Rio de Janeiro, Búzios was…