Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange Basin, offshore Namibia.The Joint Venture partners have drilled, cored and logged the Mopane-3X well (Well #5) which spud on January 2…
Shell Offshore and Shell Pipeline Company (SPLC), subsidiaries of oil and gas major Shell, have signed an agreement with ConocoPhillips to increase the stake in the Ursa platform in the Gulf of America.Under the agreement, Shell will increase the stake in its operated Ursa platform…
ExxonMobil’s Australian subsidiary Esso Australia Resources and its partners have announced a nearly $200 million investment in the Kipper 1B project which will bring online additional gas supply from the Gippsland Basin.The project, which was approved by Esso Australia…
Petronas, through Malaysia Petroleum Management (MPM), has concluded the Malaysia Bid Round 2024 (MBR 2024) with the signing of two Production Sharing Contracts (PSCs), located off the coast of Sabah. The state-owned energy giant has also launched MBR 2025…
Norwegian seismic firm TGS has secured a 4D streamer acquisition project in the Barents Sea covering the Vår Energi-operated Goliat field.The Goliat 4D project is scheduled to start in July.The total duration of the project is approximately 20 days…
Norwegian seismic firm TGS has secured a new multi-client 3D streamer acquisition and processing project in the Goliat area of the Norwegian Barents Sea.The new GeoStreamer survey will span up to 1,600 square kilometers over recent discoveries such as Countach…
Rhino Resources has completed the drilling of the Sagittarius 1-X well at PEL85 license in Orange Basin, offshore Namibia, encountering a hydrocarbon-bearing reservoir.The Sagittarius 1-X well was spud on December 18, 2024 using Noble’s drillship Noble Venturer…
Petrobras has made an oil discovery at the Búzios field, reaffirming the pre-salt potential of the field located in the Santos Basin, offshore Brazil.Petrobras confirmed the presence of oil with the drilling of well 9-BUZ-99D-RJS, located in the western region of the Búzios field…
U.S. oil and gas major Chevron has completed the arm-in agreement with Custos Energy and NAMCOR for PEL 82 in the Walvis Basin offshore Namibia, acquiring an 80% participating interest and operatorship of the development.Following Chevron’s 80% farm-in…
French energy major TotalEnergies has started drilling the first of the planned two wells in oil and gas blocks offshore Namibia.On February 3, 2025, the semi-submersible drilling rig Deepsea Mira spud the Marula-1X exploration well within the southern part of Block 2913B…
ExxonMobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst estimates of $1…
Brazilian state-run oil and gas major Petrobras has informed that its proven reserves of oil, condensate and natural gas rose to 11.4 billion barrels of oil equivalent (boe) in 2024, compared to 10.9 billion boe reported in 2023.Oil and condensate…
Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday.Last year's…
Brazilian oil and gas regulator National Agency of Petroleum, Natural Gas and Biofuels (ANP) has made a decision to merge Petrobras-operated Berbigão and Sururu fields, in the pre-salt Santos Basin, offshore Brazil.Operated by Petrobras with a 42…
Petrobras has started the binding phase for the total transfer of its 25% minority interest in the exploration, development, and production of oil and natural gas in the Tartaruga Field, located in the shallow waters of the Sergipe‐Alagoas Basin in Brazil…