QatarEnergy has completed a farm-in transaction with Eni, acquiring a 40% participating interest in the North Rafah exploration block, offshore Egypt.The agreement, recently approved by the government of Egypt, grants QatarEnergy a 40% stake in the offshore concession…
In 2025 to-date, five out of the six liquefaction projects reaching Final Investment Decisions (FID) globally, representing around 90% of liquefaction capacity, are located on the U.S. Gulf Coast. Despite an inflationary environment, geopolitical tailwinds combined with U…
Shell has applied to gain the right to appeal against the decision of a South African court to block exploration in the offshore block 5/6/7, a Shell spokesperson said on Wednesday.'Shell has filed an application for leave to appeal alongside…
Brazil's state-run oil firm Petrobras and Norway's Equinor were the big winners in a Wednesday auction for areas in Brazil's offshore pre-salt region, acquiring one oil block each and partnering to develop a third.Australia's Karoon Energy also acquired one block…
The inauguration of a world-record subsea compression system in Norway in August 2025 marked a pioneering leap in engineering. Yet according to OneSubsea CEO Mads Hjelmeland and Project Director at Shell, Richard Crichton, its success hinged…
Egypt and Cyprus have signed a series of agreements to transfer natural gas from Cyprus’ Cronos offshore field to Egypt, marking a significant step toward linking Cypriot gas resources to Egypt’s infrastructure and boosting energy cooperation in the Eastern Mediterranean…
Viridien, in partnership with Malaysia Petroleum Management (MPM), a unit of Petronas, is finalizing an integrated geological study aimed at uncovering new exploration opportunities in the underexplored Langkasuka Basin in the Malacca Strait…
U.K.-based oil and gas firm Serica Energy has informed the Triton floating production, storage and offloading (FPSO) has been put back into production after it was shut down due to some technical issues encountered late in September.The production from the Triton FPSO…
BP on Monday confirmed an oil and gas discovery in Namibia’s Orange basin as reported by African energy explorer and operator Rhino Resources earlier this month.Petroleum Exploration License 85, where the well was drilled, is operated by Rhino Resources with a working interest of 42…
Pakistan’s state-owned Oil and Gas Development Company (OGDCL) has agreed to acquire a 20% interest in the Eastern Offshore Indus-C Block, joining forces with Pakistan Petroleum Limited (PPL), Turkish Petroleum Overseas Company (TPOC), part of Türkiye’s TPAO…
Egypt has a plan for the drilling of 480 exploratory oil wells on the basis of investments totaling $5.7 billion over the next 5 years, the country's petroleum minister said on Tuesday, as the country seeks to reverse declining production.The…
Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell, and Sunlink Energies and Resources have taken a final investment decision (FID) on the HI gas project offshore Nigeria.When completed, the project will supply…
Norwegian subsea services firm Reach Subsea has been granted a trading permit to operate its Reach Remote 1 Uncrewed Surface Vessel (USV) entirely through remote operations - without a support vessel.The permit was issued by the Norwegian Maritime Authorities…
BP has won its arbitration case against Venture Global over the U.S. supplier's failure to deliver liquefied natural gas under a long-term contract that was due to start in late 2022, Venture Global said on Thursday.The International Chamber…
Texas-based exploration and production company Beacon Offshore Energy has completed the ramp-up of the four development wells as part of the first phase of its operated deepwater Shenandoah field, reaching the target rate of 100,000 bopd/117…
