Norwegian oil and gas firm OKEA has agreed to sell its 20% working interest in the PL1119 license, which contains Mistral discovery, to Japex Norge for $30 million.The transaction, effective from January 1, 2026, is subject to customary government…
Energy data and intelligence firm TGS has signed a strategic agreement with the Republic of Equatorial Guinea to acquire, process and promote seismic and geophysical data across the country’s offshore basins.The agreement covers the reprocessing…
A unit of Indonesia’s Pertamina has signed a production sharing contract (PSC) for the Lavender block, spanning onshore and offshore areas of Sulawesi island.PT Pertamina Hulu Energi Sulawesi Lavender will operate the block, which spans 8,206…
The Egyptian cabinet approved on Thursday a draft for a gas and oil exploration agreement in the Lotus offshore area in the Mediterranean with Egyptian Natural Gas Holding Company and Chevron Egypt Holdings Ltd, a statement said.Egypt, which…
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding to cooperate on oil and gas exploration.The agreement establishes a framework for technical collaboration, including joint assessment of exploration…
Chevron has agreed to an asset swap with Petroleos de Venezuela and its subsidiaries to consolidate its position in Venezuela’s heavy oil sector.Under the agreement, Chevron will receive an additional 13.21% working interest in the Petroindependencia joint venture…
TotalEnergies has signed a preliminary agreement with Turkish state-owned energy company TPAO to explore the country's Black Sea waters for hydrocarbons, the French oil major said on Monday, nearly three years after pulling out of a gas exploration project in the sea's Bulgarian waters…
TotalEnergies has made a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure.The well encountered a hydrocarbon column of approximately 160 meters in good-quality Albian reservoirs…
BP has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas, marking its entry into the country as an operator.The blocks - PEL97, PEL99 and PEL100 - are located in the Walvis Basin offshore Namibia…
Turkey's deep-sea drilling vessel Cagri Bey arrived off the coast of Mogadishu on Friday to launch the country's first overseas deep-sea oil exploration project.Turkey's Energy Minister Alparslan Bayraktar said the project marked 'a new era in Turkish petroleum exploration…
Occidental Petroleum (Oxy) has made an oil discovery at the Bandit prospect in the Gulf of America.The exploration well, located in Green Canyon Block 680 about 125 miles south of the Louisiana coast, encountered oil-bearing Miocene sands.Occidental…
Libya's state-run National Oil Corporation (NOC) and Eni have made a new gas discovery in Area D, in the offshore area west of Libya.The discovery follows the successful drilling of the 1-16/4 exploratory well in Contract Area 4/16, operated by Eni North Africa…
Eni has made a gas and condensate discovery offshore Egypt, with preliminary estimates indicating about 2 trillion cubic feet of gas in place.The discovery was made at the Denise W-1 exploration well in the Temsah concession in the Eastern Mediterranean…
Offshore drilling contractor Valaris has secured a multi-year contract extension with Petrobras offshore Brazil and entered into a strategic collaboration agreement with Petronas and Halliburton for offshore development in Suriname.The company said the drillship VALARIS DS-4 was awarded a 1…
OMV Petrom and its partners have completed drilling of the Krum-1 exploration well in the Han Asparuh Block offshore Bulgaria, but did not encounter significant gas volumes.The well, drilled to a depth of around 3,500 meters in the Black Sea…