Africa-focused oil firm Tower Resources has agreed to purchase an additional 5% interest in the PEL96 license offshore Namibia from its local partner, ZM Fourteen Investment.The AIM-listed company will acquire additional share through its wholly-owned subsidiary Tower Resources (Namibia) Limited…
Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil over the recovery of some $214 million in expenses registered by the U.S. oil major.Expenses reported by Exxon as part of…
Norwegian oil and gas operator DNO has reached agreement to acquire Sval Energi from HitecVision for a cash consideration of $450 million, based on an enterprise value of $1.6 billion.The Sval Energi assets are complementary to DNO’s North Sea portfolio…
Constellation, an offshore oil and gas drilling services provider in Brazil, has started trading on Euronext Growth Oslo, under the ticker symbol ‘COSH’.Constellation holds about one fifth of Brazil’s country’s offshore drilling market.Constellation…
Africa-focused oil and gas company VAALCO Energy has entered into a new revolving credit facility with an initial commitment of $190 million and the ability to grow to $300 million, which will be used for its investment programs across diversified asset base over the next few years…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a ‘major breakthrough’ in the exploration of Paleozoic buried hills in the Beibu Gulf Basin, identifying ‘vast exploration prospects’ at the site.The…
Offshore drilling contractor Noble Corporation has secured a contract for its Noble Regina Allen jack-up rig with an undisclosed operator offshore Suriname.The one-well contract will span approximately 65 days, and is expected to begin in the fourth quarter of 2025…
Alexandre de Gusmão floating, production storage and offloading (FPSO) unit has entered Brazilian waters, and is heading to Petrobras’ Mero field in Santos Basin for commissioning works before being put into production later in 2025.Alexandre de Gusmão FPSO departed China…
BP has completed drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria Offshore Concession, marking the final well in its four-slot drilling campaign in the West Nile Delta.Drilled using the Valaris DS-12 drillship…
A gas leak has been detected at a well of the BP-operated Greater Tortue Ahmeyim gas project offshore Senegal and Mauritania, the British company and Mauritania's environment ministry said on Wednesday.BP said the environmental impact from the leak was expected to be negligible…
Britain plans to overhaul its windfall tax regime on oil and gas producers once current levies run out in 2030, it said on Wednesday as it vowed to transform the North Sea into a renewables hub.The government is asking industry players and others…
Harbour Energy swung to an annual loss in 2024 as the U.K.'s windfall tax for energy companies wiped out most of its pre-tax earnings, the company said on Thursday.North Sea producers have warned that the UK's windfall tax on the industry, first…
BP said on Wednesday it had detected low-rate subsea gas bubbles at a well in its Greater Tortue Ahmeyim (GTA) project, situated offshore between Mauritania and Senegal.The British multinational oil and gas firm anticipates the environmental…
McDermott has completed the engineering, procurement, construction, installation, and commissioning (EPCIC) activities at Shell’s deepwater Whale development in the Gulf of Mexico, which started production through new platform in January 2025…
U.S. firm Koil Energy Solutions and Norway-based SubseaDesign have formed a strategic alliance to accelerate advancements in subsea technology.Both companies provide specialty products and services for subsea projects. Driven by the rising demand…
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