Brunei Shell Petroleum News

 

Shell Sells 20% Stake in Brazil’s Orca Deepwater Project to Kuwaiti Firm

Feb 03, 2026

Shell Brasil Petróleo, a subsidiary of Shell, has agreed to sell a 20% interest in the Orca deepwater project offshore Brazil to Kuwait Foreign Petroleum Exploration Company (KUFPEC).Orca, formerly known as Gato do Mator, is a deepwater development located in the pre-salt area of the Santos Basin…

Kuwait to Tap International Oil Firms for Offshore Fields

Feb 03, 2026

Kuwait's prime minister Ahmad Abdullah al-Ahmad al-Sabah said on Tuesday that Kuwait Petroleum Corporation plans to invite international oil companies to assist Kuwait Oil Company in developing recently announced offshore oil and gas discoveries…

Shell Nigeria Starts Maintenance on Bonga FPSO, Trims Oil Exports

Feb 02, 2026

Shell Nigeria Exploration and Production Company has begun planned maintenance on its Bonga deepwater oil vessel, a move that will temporarily cut Nigeria’s oil export capacity by about 225,000 barrels per day but could extend the asset’s lifespan…

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Jan 30, 2026

Conrad Asia Energy and its subsidiary West Natuna Exploration have signed a binding term sheet with Empyrean Energy to settle historical cash call arrears related to the Duyung Production Sharing Contract in Indonesian waters.The agreement outlines…

Subsea7 Gets Shell’s Contract for Deepwater Development off US

Jan 30, 2026

Subsea7 has secured a sizeable contract by Shell for the Kaikias Waterflood project, a deepwater development in the Mars-Ursa Basin, off the Louisiana coast in the United States.The scope of work includes the transportation and installation of a subsea umbilical…

OKEA Discovers More Petroleum at Brage Field in North Sea

Jan 28, 2026

Norwegian oil and gas firm OKEA and its partners have discovered petroleum in the North Sea, off Norway.The well was drilled from the Brage installation, and the discovery was made in connection with drilling a development well for oil (31/4-A-15 D) in the Knockando Fensfjord prospect…

BP, Shell Seek US Licenses for Trinidad-Venezuela Cross-Border Gas Fields

Jan 28, 2026

Shell and BP are seeking U.S. Office of Foreign Assets Control licenses to extract natural gas from fields in Trinidad and Tobago and Venezuela, the Caribbean country's energy minister Roodal Moonilal said on Wednesday.Shell is seeking a license to develop the Loran-Manatee discovery…

Tanzania to Sign $42B LNG Project Deal by June

Jan 28, 2026

Tanzania expects to sign before June a deal for its stalled project to construct a $42 billion liquefied natural gas (LNG) plant, a senior government minister said on Monday, with production set to start in eight years' time.Equinor and Shell are joint operators of the mega gas project…

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