Oil prices jumped more than 6% in early Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted…
Italy’s Eni has made a gas discovery offshore Indonesia with estimated resources of about 5 trillion cubic feet (tcf) of gas and 300 million barrels of condensate.The discovery was made by the Geliga-1 exploration well in the Ganal block in the Kutei Basin…
Brazil’s Petrobras has signed an agreement to acquire a 75% stake and assume operatorship of Block 3 offshore São Tomé and Príncipe from Oranto Petroleum.The block is currently held by Oranto, which has a 90% interest and acts as operator, alongside…
Offshore drilling contractor ADES Holding has secured multi-year contracts for three premium jack-up rigs offshore Nigeria and a separate one-year extension for another rig, strengthening its presence in West Africa.The drilling services provider…
Japan's Inpex said on Friday that workers at its Ichthys liquefied natural gas facility in Australia had voted against a new employment agreement, raising the risk of a strike that could exacerbate already tight energy supplies globally.'A majority…
A unit of Indonesia’s Pertamina has signed a production sharing contract (PSC) for the Lavender block, spanning onshore and offshore areas of Sulawesi island.PT Pertamina Hulu Energi Sulawesi Lavender will operate the block, which spans 8,206…
The Egyptian cabinet approved on Thursday a draft for a gas and oil exploration agreement in the Lotus offshore area in the Mediterranean with Egyptian Natural Gas Holding Company and Chevron Egypt Holdings Ltd, a statement said.Egypt, which…
It will take about two years to recover the energy output lost in the Middle East from the conflict there, Fatih Birol, the head of the International Energy Agency, was quoted as saying on Friday in an interview with the Neue Zuercher Zeitung newspaper…
ABL Group, via its Egypt-based units, has signed a memorandum of understanding (MoU) with PetroSafe to collaborate on onshore and offshore technical services for energy assets in Egypt.The agreement covers offshore and onshore facilities and…
Offshore drilling contractor Transocean has secured a five-well contract for its Deepwater Asgard drillship in the Eastern Mediterranean Sea.The estimated 390-day campaign with an undisclosed operator is expected to start in the fourth quarter…
DeepOcean and Woodside Energy have completed a combined subsea inspection and 3D scanning campaign at the Sangomar field offshore Senegal.The campaign covered 69 subsea structures, including 17 subsea trees, using a methodology that allows inspection and 3D scanning to be performed simultaneously…
Perdana Petroleum has secured contracts to provide two anchor handling tug and supply vessels (AHTS) to Petronas Carigali.The company said its wholly owned unit Perdana Nautika received the work orders on April 8 for the provision of the vessels to support offshore operations…
Spanish energy group Repsol has reached an agreement with the Venezuelan government and state energy firm PDVSA to take back operational control of its Venezuelan oil assets and boost production, the company said on Thursday.The agreement includes…
Offshore drilling contractor Stena Drilling has secured a contract by Energean for an exploratory drilling campaign offshore Greece.This campaign, which is expected to start in early 2027, is for one firm well offshore Greece, in Block 2 located at the Northwestern Ionian Sea…
Saipem has secured two offshore contracts in Saudi Arabia worth about $400 million under an existing long-term agreement with Saudi Aramco.The contracts, known as Contract Release Purchase Orders, relate to work at the Safaniya oil field, one of the world’s largest offshore oil fields…
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