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…
Oil and gas firm Murphy Oil has found non-commercial hydrocarbons in a well offshore Côte d’Ivoire in Africa.The Civette-1X well reached a total depth of 13,950 feet (4,252 meters) and encountered non-commercial hydrocarbons across multiple intervals…
Japan’s Inpex will resubmit an environmental plan for its proposed 8 million metric ton-per-year Bonaparte carbon capture and storage (CCS) project off the north coast of Australia, a company spokesperson told Reuters on Tuesday.On Sunday, the…
Equinor and its partner ORLEN have discovered gas and condensate in an exploration well drilled in the North Sea.The find was made in the Sissel prospect in production license 1137, operated by Equinor with 50% working interest, while its partner ORLEN holds the remaining 50%…
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…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for wildcat well in the North Sea.The permit is for a wellbore 34/8-A-37 H in production license 120, which is operated by Equinor with 53.2% working interest.The partners in the license include Petoro with 30% stake…
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…
Brazil's state-run oil firm Petrobras has been producing 1 million barrels of oil per day at its offshore Tupi field since Friday, CEO Magda Chambriard told Reuters on Tuesday.The milestone is the result of an effort by Petrobras to boost production in the declining oil field…
Navitas Petroleum has signed a non-binding agreement to farm into an offshore exploration license in the North Falklands Basin adjacent to its recently sanctioned Sea Lion oil development, as the operator advances plans to expand its footprint in the region…
U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home.Trump has…
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…
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