Chevron and its partners in the Leviathan natural gas reservoir have reached a Final Investment Decision (FID) to expand the production capacity of the strategic Leviathan production platform located offshore Israel.The Leviathan expansion project…
Energy assets investment firm Samos Energy has signed an agreement to acquire the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure, expanding its offshore asset portfolio in Southeast Asia.The Suksan Salamander…
Bulgaria's state-owned energy group Bulgarian Energy Holding will acquire a 10% stake in oil and gas exploration rights for the Han Asparuh block in the Black Sea, the government said on Wednesday.The Council of Ministers approved the deal, allowing BEH to buy 5% each from OMV Offshore Bulgaria…
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…
The U.S. Treasury Department on Wednesday extended a license by more than a month - until February 28 - for companies to talk with Russian energy company Lukoil about buying its foreign assets.President Donald Trump imposed sanctions on Lukoil and Rosneft…
U.S. oil major Chevron and private equity group Quantum Energy Partners are teaming up to bid for the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday.“Chevron has a…
Shell has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron, the European energy major said on Tuesday.European oil majors have said they will spend billions in Angola, Sub-Saharan Africa's second-largest crude oil producer after Nigeria…
Japan’s first commercial floating offshore wind farm, rated at 16.8 MW, has started operations offshore Nagasaki Prefecture.The Goto offshore wind farm, located off Goto City, is operated by Goto Floating Wind Farm consortium. The project is…
Deep Value Driller has agreed with Saipem to extend the bareboat charter for its seventh-generation drillship Deep Value Driller and to prolong the period during which Saipem may exercise an option to buy the vessel.Under the amended agreement…
Energy markets enter 2026 in a downbeat mood as geopolitical uncertainty clouds the outlook and increasing signs of swelling oil and gas supplies threaten to sink prices.This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June…
SK Earthon, the energy resource development unit of SK Innovation, has acquired a 34% stake in the North Ketapang exploration block offshore Indonesia, expanding its upstream presence in Southeast Asia.The stake was acquired from Petronas North Ketapang…
Brazil's Brava Energia is negotiating the sale of three gas wells to Eneva in a deal that could be worth around $450 million, Valor Economico reported on Tuesday.Two wells are located in the Manati and Peroa offshore fields, and one in the Reconcavo onshore field…
Africa-focused oil and gas company VAALCO Energy has started its phase three drilling program offshore Gabon with the spudding of the ET-15 infill well on the Etame platform.As previously announced, the company secured a drilling rig in December…
U.S. President Donald Trump ordered on Tuesday a 'blockade' of all sanctioned oil tankers entering and leaving Venezuela, in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.It…
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U…
Subscribe
