Independent Oil And Gas News

 

TGS Bags Second OBN Contract in Europe

Jan 27, 2026

TGS, a provider of energy data and intelligence, has secured an additional ocean bottom node (OBN) contract in Europe.The company's node-on-a-rope crew will mobilize in mid-summer, with the project expected to run for approximately 30 days.The…

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Jan 27, 2026

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…

Chevron-Led Joint Venture Discovers Hydrocarbons Offshore Nigeria

Jan 27, 2026

A joint venture between Nigeria’s state oil company Nigerian National Petroleum Company (NNPC) and Chevron Nigeria Limited (CNL) has confirmed hydrocarbons across multiple reservoir zones following the drilling of the Awodi-07 appraisal and…

Energean Forecasts Lower 2026 Gas Production

Jan 27, 2026

Energean on Tuesday forecast 2026 production of 140-150 thousand barrels of oil equivalent per day (kboed), below last year's numbers, as the gas producer looks to expand operations and boost output amid geopolitical disruptions.Shares of the FTSE-250 company were down 2…

BP in Trinidad and Tobago Interested in Cross-Border Opportunities with Venezuela

Jan 26, 2026

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…

BOEM Invites Public Input on Potential Offshore Oil Leasing Areas in California

Jan 26, 2026

The Bureau of Ocean Energy Management announced the issuance of two Calls for Information and Nominations to solicit industry nominations and public comments on areas of interest for potential offshore oil and gas leasing in Southern California…

Beacon Offshore Starts Production at Zephyrus Field in US Gulf

Jan 26, 2026

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…

EU States Approve Ban on Russian Gas Imports

Jan 26, 2026

European Union countries on Monday gave their final approval to the bloc's plan to ban Russian gas imports by late 2027, allowing it to pass into law.The policy makes legally-binding the EU's vow to cut ties with its former top gas supplier…

Libya Inks Long-Term Oil Deal with TotalEnergies and ConocoPhillips

Jan 26, 2026

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…

Baker Hughes Reports 11% Jump in Adjusted Quarterly Profit

Jan 26, 2026

Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment business.The company has banked on demand for equipment and services…

Nigeria Backs Shell’s Bonga South West Oil Project with Fresh Incentives

Jan 23, 2026

Nigerian President Bola Tinubu has approved 'targeted, investment-linked' incentives for Shell's Bonga South West deepwater oil project following a meeting with the company's CEO, Tinubu's office said.The proposed incentives are the latest in…

Inpex Moves to Accelerate Indonesia’s Abadi LNG Project

Jan 23, 2026

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 to Deliver Equipment for Mexico-Bound FSO

Jan 22, 2026

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…

SOCAR Buys Into Baleine Oil and Gas Project with Eni Deal

Jan 22, 2026

Italy's Eni has signed a binding agreement Azerbaijan's state oil and gas company SOCAR for the sale of 10% stake in the Baleine project off Ivory Coast.Eni said the transaction aligns with its strategy of optimizing the upstream portfolio by…

Harbour Energy Forecasts Lower 2026 Output, Omit LLOG Deal Impact

Jan 22, 2026

Britain's Harbour Energy on Thursday forecast 2026 production of 435,000 to 455,000 barrels of oil equivalent per day (boepd), excluding the impact of planned asset sales and the company's $3.2 billion acquisition of LLOG.The figures are lower than the 474…

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