BP expects its oil trading result to be slightly higher in the second quarter after an exceptionally strong first quarter, as it continues to profit from a surge in oil prices caused by the Iran war.The British major flagged higher oil realizations…
Grupo Carso has signed a binding agreement with TotalEnergies to acquire its entire 30% interest in offshore Block 30 in Mexico's Isthmus Saline Basin.The acquisition will be carried out through Mx Dlta Nrg 1, a subsidiary of Zamajal, in which…
Jadestone Energy has brought the second well in its 2026 Malaysia infill drilling campaign onstream at 2,800 barrels of oil per day (bpd), extending the program that has increased production from the East Belumut field by more than 150%, or about 6…
Japan's Inpex on Thursday launched construction of its long-delayed $21 billion Abadi LNG project in Indonesia's Masela gas block, in a ceremony that was livestreamed.Production from the plant is expected to start around 2030.Here are some details…
Malaysia-based offshore drilling contractor Velesto Energy has terminated the sale of its jack-up drilling rig NAGA 3 to Indonesia's PT Indonesia Drilling Energy after the transaction failed to complete within the agreed timeframe.The company said its subsidiary…
Kosmos Energy has brought online a new well at the Jubilee field offshore Ghana, which is now delivering at strong initial rates and helping lift field production as the company advances its 2026 drilling campaign.The J76 well, the third well of the 2026 campaign…
Talos Energy and an affiliate of Ridgewood Energy Corporation have agreed to acquire Shell's interests in the Na Kika platform and the Coulomb field in the Gulf of America in a deal valued at $1.7 billion.Under the agreement, Talos will acquire…
TotalEnergies has agreed to sell its 85% interest in Malaysia's offshore Block 2E to Inpex for $350 million, divesting its net 8.5% interest in the Marjoram gas field as part of its portfolio management strategy.The Marjoram field is currently under development…
Vår Energi and its partners have submitted a Plan for Development and Operations (PDO) to Norway's Ministry of Energy for the Gjøa Subsea Projects in the North Sea after taking a final investment decision on the developments.The Gjøa Subsea…
Vaalco Energy has reported strong initial results from its ongoing drilling campaign offshore Gabon, highlighted by the successful completion and startup of the Ebouri-5H development well and the mobilization of the drilling rig to its next target…
Vår Energi ASA has taken final investment decision (FID) on the Gjøa Subsea Projects in the North Sea. Together with its partners, the company has today submitted the Plan for Development and Operations (PDO) for the Ofelia and Gjøa Nord developments to the Ministry of Energy…
While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock…
Asia-Pacific focused upstream company Jadestone Energy has drilled and brought online its first well in the 2026 Malaysia infill drilling campaign on the PM323 production sharing contract, which now delivers around 3,000 barrels of oil per day (bpd)…
U.S. firm Murphy Oil Corporation has discovered oil at its Bubale-1X exploration well offshore Côte d'Ivoire in West Africa.The Bubale-1X well, located in Block CI-709 around 40 miles (64 km) offshore Côte d'Ivoire, encountered 100 feet (30 meters) of net oil pay across two reservoirs…
Oilfield services company TechnipFMC has secured a significant contract from Azule Energy to supply flexible flowlines and risers for the Greater PAJ development offshore Angola, further strengthening its position in one of the world's most active deepwater regions…
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