Hibiscus Petroleum News

 

PetroNor E&P Withdraws from Gambian Offshore Block after License Expiry

Dec 03, 2025

PetroNor E&P has set out plans to withdraw from its exploration license for Block A4 offshore Gambia after the initial exploration phase expired in mid-November.The company said it had been in discussions with the Gambian government on future options for the license following the expiry of the initial term, and has now confirmed it will relinquish its rights to the block.“The company would like to thank the Ministry of Petroleum and Energy…

Chevron Eyes New Nigeria Oil Blocks Aiming for Late-2026 Rig Arrival

Dec 08, 2025

Chevron said on Friday it will participate in Nigeria’s next oil licensing round and plans to deploy a drilling rig in late 2026 as it seeks to expand operations in Africa’s top energy producer.Jim Swartz, chairman and managing director of Chevron Nigeria/Mid-Africa Business Unit…

Syria, Chevron Start Talks on Oil and Gas Exploration

Dec 03, 2025

Syrian President Ahmed al-Sharaa met delegations from U.S. oil major Chevron and the Syrian Petroleum Company to discuss cooperation in oil and gas exploration fields on Syrian shores, the Syrian state news agency said on Tuesday.The state news…

ABL, PMS Set Up Rig Moving Partnership for Red Sea and Gulf of Suez

Dec 02, 2025

Global energy and marine consultancy ABL has partnered up with Egypt’s Petroleum Marine Services (PMS) to introduce a unified rig moving service in the Red Sea and Gulf of Suez, with the support of the Egyptian General Petroleum Corporation (EGPC)…

TotalEnergies Inks Farm-Out Deal with Chevron for Two Blocks Offshore Nigeria

Dec 01, 2025

TotalEnergies EP Nigeria has signed a farmout agreement to sell to Star Deep Water Petroleum, a Chevron company, a 40% participation in the PPL 2000 and PPL 2001 exploration licenses, offshore Nigeria.Located in the prolific West Delta basin…

Greater Sunrise Moves to Next Phase with Timor-Leste, Woodside Deal

Nov 25, 2025

Timor-Leste’s Ministry of Petroleum and Mineral Resources and Woodside Energy have signed a cooperation agreement to advance studies for a Timor-based liquefied natural gas (LNG) development concept for the long-stalled Greater Sunrise fields…

Drydocks World Converts Tanker to FPSO Ahead of Deployment off Nigeria

Nov 25, 2025

Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s Okwok field.The FPSO, converted from double-hulled tanker…

Suriname Puts 60% of Offshore Acreage Up for Oil and Gas Exploration

Nov 24, 2025

Suriname’s state-run energy company Staatsolie has launched the ‘Open-Door Offering’, an initiative aimed at unlocking new oil and gas exploration opportunities in the Guiana Basin.Approximately 60% of Suriname’s offshore acreage is available…

Libya Targets Output Boost as Oil Bid Round Enters Final Phase

Nov 21, 2025

Libya's National Oil Corporation said it is approaching the final stage of a public exploration bid round, with companies expected to submit offers and open bids in February 2026, according to a statement on Thursday.The bid round, the first in over 17 years…

DNO Enlists AGR to Assess North Sea Reserves and Resources

Nov 20, 2025

Oil and gas firm DNO Norge has hired AGR, part of ABL Group, to carry out an independent evaluation of reserves and resources for the oil and gas operator’s asset portfolio.AGR will provide DNO Norge, which is the Norwegian operation of Oslo-listed DNO…

BW Energy Confirms Liquid Hydrocarbons in Namibia’s Kudu Block

Nov 19, 2025

BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia, confirming the presence of hydrocarbons.The well, drilled with Odfjell Drilling-managed Deepsea Mira rig, reached a total depth of 5…

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

Nov 19, 2025

Pakistan approved a new offshore exploration consortium on Tuesday, clearing Turkish Petroleum Overseas Company to take over operatorship of the Eastern Offshore Block-C as part of a push to revive drilling, the adviser to the finance ministry said…

Syria Inks Gas Deal with ConocoPhillips and Novaterra

Nov 19, 2025

The Syrian Petroleum Company, U.S.-based ConocoPhillips COP.N and Novaterra have signed a memorandum of understanding to expand cooperation in the natural gas sector, Syria's energy ministry said on Tuesday.Due to the destruction of energy infrastructure during its 14-year civil war…

Norway Court Rules Against Oilfield Developments

Nov 14, 2025

A Norwegian appeals court ruled in favour of environmentalists and against the government on Friday by confirming a lower court's decision that the energy ministry's approval of the development of three offshore oil and gas fields was invalid…

Yellowtail Ramp-Up Brings Guyana’s Offshore Output to New Heights

Nov 14, 2025

ExxonMobil Guyana and its Stabroek block co-venturers, Hess Guyana Exploration and CNOOC Petroleum Guyana, have reached a new milestone in the South American country, with the production rising to 900,000 barrels of oil daily.The achievement…

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