Sintana Energy has entered into a letter of intent (LoI) providing a period of exclusivity to evaluate an investment that would give the company an indirect interest in offshore Namibian license PEL 37 in the Walvis Basin.Under the agreement, Sintana will have exclusivity until April 30, 2026 to conduct technical, commercial and legal due diligence on PEL 37 and its current holder, Paragon Oil and Gas…
Energy data and intelligence firm TGS has launched the Bonaparte Basin PSDM Reprocessing Project, a new multi-client initiative designed to enhance subsurface imaging and geological understanding offshore Australia.The project includes the reprocessing of the Cygnus 3D…
Shell has failed to make a commercial discovery in its Falcao-1 exploration well on Block 10 offshore Sao Tome and Principe, the company said on Wednesday.'While the well did not encounter commercially viable hydrocarbons, the operation provided valuable insights into key aspects of the basin…
Halliburton surpassed Wall Street expectations for fourth-quarter profit on Wednesday, on the back of steady demand for its services and equipment in international markets.Shares of the company rose nearly 2% in premarket trading.Offshore exploration…
Brazil’s Brava Energia has signed an agreement to acquire Petronas’ 50% equity interest in the Tartaruga Verde field and in Module III of the Espadarte field in the Campos Basin, in a transaction valued at $450 million.The assets are located…
TotalEnergies has entered into a joint study and application agreement with Canada’s BluEnergies to assess the hydrocarbon prospectivity of the Harper Basin fan play offshore Liberia.Under the agreement, BluEnergies and the Liberian upstream…
Eni and its partners have launched the hull of the Coral North floating liquefied natural gas (FLNG) vessel, marking a key milestone in the development of Mozambique’s offshore gas resources.Coral North will be the second floating LNG facility…
Gas has been confirmed at the Charlemont-1 exploration well offshore Victoria, operated by ConocoPhillips, following the successful recovery of a gas sample that validates the Charlemont Trend in Australia’s Otway Basin.Australia’s 3D Energi…
Brazilian oil regulator ANP has halted Petrobras from restarting offshore drilling at the Foz do Amazonas basin until it provides information on what caused a synthetic fluid to leak in the waters of the environmentally sensitive region, documents seen by Reuters show…
ConocoPhillips has identified probable gas across all targeted Waarre sandstone reservoirs at its Charlemont-1 exploration well in Australia’s Otway Basin, resuming drilling after an earlier pressure-related pause before suspending operations again due to higher-than-anticipated formation pressures…
French seismic firm Viridien has announced a new basin-scale reimaging program within the hydrocarbon-prolific Balingian-Luconia-Baram basins, in collaboration with Petronas, through Malaysia Petroleum Management.Viridien will leverage its imaging technologies to reimage 44…
An offshore gas exploration well operated by ConocoPhillips Australia has intersected unexpected gas in the Otway Basin off southeastern Australia, prompting a temporary pause in drilling while partners assess changes to the well design.The Charlemont-1 exploration well…
India is seeking over $30 billion in compensation from Reliance Industries and BP in an arbitration case for gas it says the companies failed to produce from offshore fields, according to three people with knowledge of the matter.A tribunal…
Viridien has successfully completed the BM-S-2 seismic reimaging project in the southern Santos Basin, delivering a modern, high-fidelity 3D dataset across 8,468 sq km to support growing exploration activity in one of the most strategic, emerging offshore regions of Brazil…
Offshore seismic services firm Shearwater Geoservices has finalized the preparations for the upcoming start of a new multi-client seismic project offshore Nigeria.The 3D survey is backed by significant industry funding and will be executed in…
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