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 a series of transactions that will see Empyrean’s 8.5% participating interest in the Duyung PSC transferred to West Natuna Exploration, followed by the incorporation of a Singapore-based special purpose vehicle in which Empyrean will hold an 8…
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…
Offshore drilling contractor Northern Offshore has secured a contract for its Energy Emerger jack-up rig for a drilling operation at Yumna field, offshore Oman.Rex International’s indirect subsidiary Masirah Oil announced that its parent company…
Researchers from the Technical University of Denmark have highlighted that taking a comprehensive view of the chemical composition of potential fluids leaking from geological CO2 storage reservoirs raises new questions about the potential risks…
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…
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…
Australian Prime Minister Anthony Albanese and his East Timor counterpart, Xanana Gusmao, on Wednesday said the Greater Sunrise gas project should be developed 'as soon as possible', with Australia pledging a third of its state revenue to its small neighbor…
Japan’s largest power generator JERA has received the first liquefied natural gas (LNG) cargo from the Barossa Gas Project in Australia, marking the start of shipments from the project after production commissioning began last year.The Barossa project…
BP's head of Trinidad and Tobago said on Monday the oil and gas major is still interested in cross-border opportunities with Venezuela, despite the government in Caracas suspending all bilateral energy agreements with its neighbor last year…
Akrake Petroleum, an indirect subsidiary of Rex International Holding, is completing drilling operations on a key production well at the Sèmè field offshore Benin, with oil production expected to begin in early February.The drilling operations…
Beacon Offshore Energy has started oil and gas production from its Zephyrus field in the U.S. Gulf of America, with output from the initial well beginning in late December 2025.The Miocene-aged development is located in Mississippi Canyon Block 759…
Libya signed a 25-year oil development agreement on Saturday with France's TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah said.Signed through Waha Oil Company…
McDermott has been awarded a major contract, worth between $750 million and $1 billion, by ADNOC for engineering, procurement, construction and installation (EPCI) services for the Nasr-115 Expansion Project.The project is located approximately…
Japan's Inpex is working to advance the start of its Abadi project in Indonesia to meet the government's request to speed up and has seen strong interest from Western majors to buy liquefied natural gas, CEO Takayuki Ueda said.The long-delayed $20 billion project…
TMC Compressors has secured a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system to SBM Offshore’s newbuild floating storage and offloading (FSO) unit Chalchi.The FSO Chalchi is bound for deployment at the Trion deepwater oil field…
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