Norwegian oil and gas company OKEA has entered into agreement with Lime Petroleum, a subsidiary of Rex International, to sell its stake in the Yme field for $15.6 million, exiting the producing field in the south-eastern part of Norwegian North Sea…
Thailand’s state-owned oil and gas company PTT Exploration and Production (PTTEP) has divested its entire interest in Mexico Block 29, located in deep waters of the Salina Basin offshore Mexico, to the operator Repsol, which has increased its working interest in the block to 46…
Equinor and its partners have made an oil and gas discovery on the Gudrun field in the North Sea, offshore Norway, using Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig.The discovery was made in wildcat wells 15/3-13 S and 15/3-13 A…
Repsol Norge has selected IKM Operations as the provider of integrity management services at three oil and gas fields offshore Norway.The scope of work includes engineering tasks and inspections at Repsol Norge topside facilities and subsea installations and pipelines at the Yme…
Norway's offshore exploration licensing round in mature areas, launched in May 2024, has attracted bids from 21 firms, including Shell, ConocoPhillips, Equinor, Aker BP and TotalEnergies.The Norwegian authorities have received applications from…
A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 million barrels per day…
Tokyo Gas has acquired 21.2% stake in the WindFloat Atlantic floating wind farm, operational offshore Portugal since 2020, joining Ocean Winds and Repsol as partner.The investment marks a new collaboration milestone between Tokyo Gas and Ocean Winds…
Equinor Energy do Brasil, a subsidiary of Equinor, has awarded a multi-year contract to Valaris for its VALARIS DS-17 drillship, which will be deployed offshore Brazil on Raia project.The estimated total contract value is approximately $498 million…
Repsol and EDF Renewables have signed an exclusivity agreement to cooperate on future offshore wind tenders in Spain and Portugal.The collaboration brings together Repsol's commitment to multi-energy growth and knowledge of the Spanish and Portuguese…
Italian energy giant Eni has made a new oil and gas discovery in an exploration well in Block 9 in the Sureste Basin, offshore Mexico.The discovery was made on the Yopaat-1 EXP exploration well, approximately 63 kilometers off the coast in the mid-deep water of the Cuenca Salina…
Spain's Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources said, the latest consolidation effort by companies that operate in the basin amid greater tax pressures.A…
British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday…
Houston-based investment fund Amos Global Energy is waiting for a license from the U.S. Treasury Department to complete the purchase of Chinese Sinopec's stake in a shallow-water oil and gas project in Venezuela, the company said on Tuesday…
MAN Energy Solutions has been hired to supply 11 RB-type compressor trains for MODEC’s floating production storage and offloading (FPSO) unit that will be deployed at the Raia project, in the Campos Basin, offshore Brazil.The order’s substantial…
The Norwegian Offshore Directorate (NOD) has granted Equinor a permit for exploration drilling in North Sea offshore Norway.The permit is for well 15/3-13 S and A, located in the Brokk prospect, at the water depths of 11’ meters.The prospect…