Vard Holdings News


CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Jun 24, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has signed production and exploration contract with Ministry of Energy of the Republic of Kazakhstan and state-owned operator KazMunayGas (KMG) for Zhylyoi Subsoil Area…

OEG Strengthens Oil and Gas Services Offering in Qatar

Jun 24, 2025

Energy solutions company OEG has finalized an evergreen agreement with Al Nasr Holding Co., to enhance support for the oil and gas, petrochemical, and industrial sectors in Qatar.The agreement further reinforces the company's strategic partnership with Venture Gulf Engineering (VGE)…

Equinor Gets Permit to Drill North Sea Wildcat Well

Jun 23, 2025

The Norwegian Offshore Directorate has granted Equinor a drilling permit for wildcat well in the North Sea.The drilling permit is for a wellbore 15/8-3 S in production licence 1137, operated by Equinor with 50% working interest, with partner Orlen Upstream Norway holding the remaining 50%…

SeaBird Exploration Rebrands to SED Energy Holdings

Jun 19, 2025

Norwegian marine seismic survey services firm Seabird Exploration has changed its name to SED Energy Holdings (Energy Holdings), following the merger with Energy Drilling.Effective from June 20, 2025, the name will be changed along with the ticker code to ENH…

ConocoPhillips Confirms Oil Discovery off Norway

Jun 19, 2025

ConocoPhillips Skandinavia, a subsidiary of U.S. energy major ConocoPhillips, has completed the drilling of an appraisal well in the Norwegian Sea, confirming the previously made oil discovery.ConocoPhillips Skandinavia, the operator of production license 891…

SBM Offshore Inks O&M Contract with TotalEnergies for GranMorgu FPSO

Jun 19, 2025

SBM Offshore has signed an operations and maintenance contract with TotalEnergies EP Suriname, an affiliate of TotalEnergies, for the GranMorgu floating production, storage and offloading (FPSO) unit, as part of the field development project located in Block 58 in Suriname…

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Jun 19, 2025

Idemitsu Kosan Co has acquired interests in two oil and gas blocks located off the coast of Sarawak in Malaysia from South Korean SK earthon, and signed production sharing contracts (PSC) for the developments.The acquired interests are for the Block SK427…

Yinson Production Closes $1B Investment to Drive Further Growth

Jun 17, 2025

Malaysian FPSO leasing firm Yinson Production has closed of the previously announced $1 billion investment from a consortium of global investor to further drive its business growth.The funding was secured through a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA)…

Egypt Halts Fertilizer Production In Light of Israeli Gas Disruptions

Jun 13, 2025

Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes…

Equinor Gets Green Light for Drilling Job in Barents Sea

Jun 12, 2025

The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the Barents Sea.The permit is for wellbore 7117/4-1 in production license 1238.The license is operated by Equinor with 40% working interest…

Tower Resources Lines Up ADES Jack-Up Rig for Cameroon Drilling Op

Jun 10, 2025

Tower Resources, the AIM-listed oil and gas company focused on Africa, has issued a Letter of Award (LoA) to Advanced Energy Systems (ADES), an affiliate of Saudi firm ADES Holding, for the provision of a jack-up rig for drilling job in Central Africa…

TotalEnergies and Shell Exchange Lipa and Gato do Mato Stakes

Jun 04, 2025

TotalEnergies has signed an agreement with Shell Brasil Petróleo to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field.Through the agreement TotalEnergies…

Wärtsilä to Supply Regasification Module for Egypt-Bound FSRU

Jun 03, 2025

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply a regasification module for Höegh Evi, which will be installed onboard the LNG carrier Hoegh Gandria to convert the vessel to a high-capacity floating storage and regasification unit (FSRU)…

ADES Secures Jack-Up Drilling Rig Contract in West Africa

Jun 03, 2025

Saudi oil and gas drilling contractor ADES Holding has secured a contract with Addax Petroleum, part of Sinopec Group, for its Admarine 510 jack-up drilling rig, which will be put to work offshore Cameroon in West Africa.The contract is expected to begin in the fourth quarter of 2025…

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