TotalEnergies and the Egyptian Natural Gas Holding Company (EGAS) have signed a memorandum of understanding (MoU) on exploration activities offshore Egypt.The MoU covers a large area located in offshore north-western Egypt.The agreement establishes…
Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday.'With Hormuz tanker traffic still restricted…
TotalEnergies expects to install new floating storage and offloading (FSO) vessel Adiana towards the end of next year as part of efforts to sustain oil output by replacing an ageing unit offshore Nigeria, a company official said on Tuesday.The…
Turkey is looking to extend its liquefied natural gas (LNG) agreement with Algeria ahead of its expiry in September 2027, Energy Minister Alparslan Bayraktar said, adding that some of the gas could potentially be transported to southeastern Europe…
Italy’s Eni and UK’s BP have made a new natural gas discovery in the Nile Delta region, expected to produce around 50 million cubic feet of gas per day, by drilling an offshore well using advanced directional drilling technologies from onshore…
The Iran war has already led to a loss of about 120 billion cubic metres of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency, said on Thursday.Speaking at the Budapest LNG Summit…
Viridien has launched the CDI25 project, a 6,555 km2 seismic reimaging endeavor in the Tano Basin in Côte d’Ivoire, delivering a drill-ready multi-client dataset for explorers pursuing opportunities along the West African Atlantic margin.CDI25…
Perenco has completed a five-well drilling campaign at Tchibouela East field offshore the Republic of Congo, resulting in an additional 6,000 barrels of oil per day of production.The campaign, which concluded at the end of 2025, included horizontal…
Mellitah Oil and Gas has completed fabrication and assembly works for equipment linked to the Bouri Gas Utilization Project ahead of schedule, with overall progress reaching 69% versus a planned target of 62%.The project, aimed at developing the offshore Bouri field…
Subsea7 has been awarded a substantial engineering, procurement, construction and installation (EPCI) contract by ExxonMobil for a subsea tie-back project offshore Angola.The contract, awarded to Subsea Integration Alliance, relates to the Redevelopment 2…
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured two contracts, marking its entry into Africa and Latin America and expansion of its footprint into new offshore energy markets.The…
Canadian oil and gas exploration company Africa Energy has obtained an extension to submit a new environmental and social impact assessment (ESIA) for Block 11B/12B offshore South Africa.The company said the extension, running until November 4…
Block Energy has entered into a conditional agreement with Pilgrim Exploration for an investment linked to offshore production sharing contracts in Gabon, alongside plans to raise $6.3 million through an equity offering.The transaction relates to the Ndjila and Mpari production sharing contracts…
Rhino Resources has contracted Saipem’s Saipem 12000 drillship to drill an appraisal well offshore Namibia to test the extension of an oil discovery in the Orange Basin.The Capricornus-1A well, located in Block 2914 under the PEL 85 license…
Sierra Leone has signed an agreement with Shell that allows the oil major to conduct advanced geological and geophysical surveys across multiple offshore blocks, the country's petroleum directorate said on Wednesday.The reconnaissance permit agreement covers an area of approximately 20…