Akrake Petroleum, Rex International's indirect subsidiary, has completed the development plan for the Seme field offshore Benin, with the drilling operations scheduled to begin in early July 2025 using Borr Drilling’s jack-up rig.Akrake holds…
Petrobras aims to make Africa its main region of development outside Brazil, the state-run oil giant's CEO told Reuters on Thursday during a wide-ranging interview about the company's strategy.Ivory Coast has extended the 'red carpet' for Petrobras…
Equinor and Centrica have signed long-term gas sales agreement of 55 TWh of natural gas per year, or around 5 billion cubic meters – bcm, for a period of 10 years, to be delivered to U.K.Starting October 1, 2025 at terms reflecting market prices…
MODEC and Carbon Clean Solutions have signed a memorandum of understanding (MoU) to continue the development and eventual deployment of floating production, storage and offloading (FPSO)-based offshore post-combustion carbon capture technologies…
Brazilian oil firm Petrobras has submitted a declaration of interest for exploratory blocks on the offshore areas of the Ivory Coast in West Africa.The Ivory Coast government, through its Council of Ministers, approved Petrobras' declaration of interest for nine blocks…
Transocean has secured $100 million from two-well option exercised by Equinor for one of its harsh environment semi-submersible drilling rigs.Equinor has decided to extend Transocean Spitsbergen semi-submersible rig’s stay in Norway, with the latest option exercised by the company…
SBM Offshore has signed a share purchase agreement for the full divestment of its equity interest in the lease and operating entities of the Aseng floating production, storage and offloading (FPSO) unit to GEPetrol.SBM Offshore’s exit from Equatorial…
TotalEnergies has signed an agreement with Shell Brasil Petróleo to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field.Through the agreement TotalEnergies…
Norwegian offshore vessel operator Solstad Offshore has informed that its two Anchor Handling Tug Supply (AHTS) vessels, hired by Petrobras, have received approvals for work offshore Brazil.Solstad Offshore announced in April that its two AHTS…
PTAS Aker Solutions, a local joint venture between Aker Solutions and the Brunei company PTAS, has secured a two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).The extension…
Tullow Oil and its partners have signed a memorandum of understanding (MoU) with the Government of Ghana to extend the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licenses to 2040, which cover the Jubilee and TEN fields off the West African country…
An oil-producing consortium in Guyana comprising Exxon Mobil, Hess and CNOOC posted a 64% surge in 2024 profit to $10.4 billion, Exxon said on Tuesday, as facility updates allowed sustained output growth.Due to fast production expansion and relatively low government royalties and taxes…
Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, has completed the farm-in agreement in the Orange Basin block, securing the full operatorship and exploration rights offshore South Africa.Eco has now secured…
Energy producer Shell has made a positive final investment decision on its Aphrodite gas project offshore Trinidad and Tobago, the company said on Tuesday.The project is expected to produce first gas in 2027 and have a peak production of 18…
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply a regasification module for Höegh Evi, which will be installed onboard the LNG carrier Hoegh Gandria to convert the vessel to a high-capacity floating storage and regasification unit (FSRU)…
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