Northern Gulf Petroleum News

 

Suriname Puts 60% of Offshore Acreage Up for Oil and Gas Exploration

Nov 24, 2025

Suriname’s state-run energy company Staatsolie has launched the ‘Open-Door Offering’, an initiative aimed at unlocking new oil and gas exploration opportunities in the Guiana Basin.Approximately 60% of Suriname’s offshore acreage is available…

ADNOC Outlines $150B Spending Plan as Reserves Increase

Nov 24, 2025

Abu Dhabi state oil company ADNOC plans $150 billion of investment between 2026 and 2030, it said on Monday, seeking to maintain existing operations, drive growth and meet global energy demand.During a meeting on Monday, the board of directors…

Florida Republicans Oppose Trump's Offshore Oil Leasing Plan

Nov 23, 2025

Florida Republicans, led by Governor Ron DeSantis have said that they are opposed to a plan of the Trump administration which could allow for new oil and natural gas drilling off Florida's Gulf Coast.The reactions were in response to a proposal by the Interior Department published on Thursday…

Libya Targets Output Boost as Oil Bid Round Enters Final Phase

Nov 21, 2025

Libya's National Oil Corporation said it is approaching the final stage of a public exploration bid round, with companies expected to submit offers and open bids in February 2026, according to a statement on Thursday.The bid round, the first in over 17 years…

Trump Proposal Opens California Coast to Drilling, Drawing Fierce Opposition

Nov 21, 2025

President Donald Trump's administration on Thursday unveiled a plan for a dramatic expansion of oil and gas drilling rights auctions in U.S. waters, including in California, where state officials strongly oppose energy development along its world-famous coastline…

Industry Responds Positively to US Offshore Lease Proposal

Nov 20, 2025

This week, the Department of the Interior issued the Draft Proposed Program for the next five year federal offshore oil and gas leasing program, and the response from industry has been positive.Under the new proposal for the 2026–2031 National Outer Continental Shelf Oil and Gas Leasing Program…

DNO Enlists AGR to Assess North Sea Reserves and Resources

Nov 20, 2025

Oil and gas firm DNO Norge has hired AGR, part of ABL Group, to carry out an independent evaluation of reserves and resources for the oil and gas operator’s asset portfolio.AGR will provide DNO Norge, which is the Norwegian operation of Oslo-listed DNO…

Australia Opens Consultation on Decommissioning Planning and Finance

Nov 19, 2025

The Australian Government has published a consultation paper seeking feedback on reforms to Decommissioning and Financial assurance arrangements for the offshore oil and gas industry.Australia has up to A$60 billion of offshore oil and gas decommissioning…

BOEM Proposes Second Gulf of America Lease Sale

Nov 19, 2025

The Bureau of Ocean Energy Management announced a Proposed Notice of Sale for the second offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Big Beautiful Gulf, or BBG2, is scheduled to take place on March 11…

BP Hires SLB OneSubsea for Deepwater Gulf of Mexico Job

Nov 19, 2025

SLB OneSubsea, joint venture between SLB, Aker Solutions, and Subsea7, has secured a contract from BP for subsea boosting system for the greenfield development of the Tiber project, located in the deepwater U.S. offshore region.The engineering…

BW Energy Confirms Liquid Hydrocarbons in Namibia’s Kudu Block

Nov 19, 2025

BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia, confirming the presence of hydrocarbons.The well, drilled with Odfjell Drilling-managed Deepsea Mira rig, reached a total depth of 5…

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

Nov 19, 2025

Pakistan approved a new offshore exploration consortium on Tuesday, clearing Turkish Petroleum Overseas Company to take over operatorship of the Eastern Offshore Block-C as part of a push to revive drilling, the adviser to the finance ministry said…

Syria Inks Gas Deal with ConocoPhillips and Novaterra

Nov 19, 2025

The Syrian Petroleum Company, U.S.-based ConocoPhillips COP.N and Novaterra have signed a memorandum of understanding to expand cooperation in the natural gas sector, Syria's energy ministry said on Tuesday.Due to the destruction of energy infrastructure during its 14-year civil war…

Green Groups File Suit to Stop Gulf of Mexico Oil Auction

Nov 19, 2025

Environmental groups sued the Trump administration for its decision to move forward with a planned December 10 offshore oil and gas lease sale covering 80 million acres (32 million hectares) in the Gulf of Mexico, they said on Tuesday.Why It's ImportantThe lawsuit…

Sonardyne Takes Charge of Passive Seismic Monitoring for UK’s First CCS Site

Nov 18, 2025

Sonardyne will provide passive seismic monitoring services for the Northern Endurance Partnership (NEP) at the Endurance carbon storage site in the U.K. North Sea, expanding its role at the country’s first carbon capture and storage (CCS) project…

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