Oil And Gas News

 

TGS Wins Mediterranean Contract, Upgrades Data Link Performance

Aug 19, 2026

TGS has been awarded a streamer acquisition contract in the Mediterranean. A Ramform Titan-class vessel is scheduled to mobilize in the fourth quarter of 2026, with the survey expected to have a duration of approximately 110 days.Kristian Johansen…

Dolphin Celebrates Multi-Year Contract Awards

Aug 19, 2026

Dolphin Drilling announced its financial results for the second quarter and first half of 2026, highlighting it as a significant step forward in Dolphin Drilling’s repositioning, with increased long-term contract coverage, continued strong safety…

Turkey to Collaborate in Syrian Search for Oil, Gas

Aug 19, 2026

Turkey is ready to work with Damascus to look for oil and gas in Syria, Turkish Energy Minister Alparslan Bayraktar said on Wednesday.Turkish state oil company TPAO and private companies are ready for seismical surveys and exploration drilling both offshore and onshore in Syria…

TGS Readies for Sarawak Phase 4 Offshore Survey

Aug 18, 2026

TGS is ready to commence the Sarawak Phase 4 multi-client program offshore Malaysia, covering approximately 1,020 square kilometers.The Ramform Sovereign is scheduled to mobilize for the survey in the fourth quarter and acquisition is expected to be completed in December 2026…

SLB to Support BSP Production Restoration Project

Aug 18, 2026

SLB has been awarded a contract by Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields.The contract scope spans subsurface evaluation, well candidate selection, engineering and offshore execution…

PipeSense Enters Offshore Market

Aug 18, 2026

Following a successful project off the coast of Angola, pipeline leak detection company PipeSense has expanded its capabilities to support offshore operations.Working with a multinational oil and gas operator, PipeSense deployed PipeScan, its pressure-pulse technology…

Guyana Now Entitled to Nearly 40% of Production from Stabroek

Aug 18, 2026

Guyana is now entitled to 39.8% of crude production from a large ExxonMobil-led offshore project, the country's President Irfaan Ali said on Tuesday.The change - expected to greatly increase the country's oil revenue - comes after the Exxon-led consortium…

UK Rosebank Field Project Progresses Through Legal Requirements

Aug 17, 2026

Adura has welcomed the conclusion of the public consultation period on the Rosebank oil and gas field, a significant regulatory milestone before a formal decision on the project.The end of the consultation by the Offshore Petroleum Regulator…

ExxonMobil Awards Contracts for Rovuma LNG Project

Aug 17, 2026

ExxonMobil Moçambique, Limitada, on behalf of the Area 4 co-venturers, (ENH, CNPC, ENI, KOGAS and XRG), has awarded approximately US$1.1 billion in pre-investment contracts for critical long-lead upstream equipment supporting the Rovuma LNG Phase 1 development in Cabo Delgado…

Petrobras Discovers Hydrocarbons in Ultra-Deep Waters Off Amapá

Aug 16, 2026

Petrobras has identified the presence of hydrocarbons in an exploratory well being drilled in block FZA-M-59, in deep waters off the coast of Amapá in the Amazon River mouth sedimentary basin on the Brazilian equatorial margin.The Morpho well…

South Africa Blocks Shell's Wild Coast Exploration Plans

Aug 16, 2026

South Africa's Constitutional Court on Friday blocked offshore exploration led by Shell along the country's pristine Wild Coast, a setback for the oil major after years of legal challenges by local communities and environmentalists.The ruling…

Tupi Sets Petrobras Production Record

Aug 13, 2026

The Tupi field in the pre-salt layer of the Santos Basin has reached a cumulative production of 4 billion barrels of oil equivalent (boed), becoming the first in Petrobras’ 73-year history to achieve this production volume.This year, the asset also surpassed…

Shearwater Awarded Two 3D Seismic Acquisition Projects in India

Aug 12, 2026

Shearwater Geoservices has received two separate Letter of Awards (LOA’s) from Oil and Natural Gas Corporation Limited (ONGC), each representing a large offshore 3D seismic survey offshore India.Combined, the two projects add approximately 15 vessel months of backlog…

Gulf of Mexico Lease Sale Attracts $82.7 Million in High Bids

Aug 12, 2026

The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money than a sale in March, but far less than one held in December.The Trump administration offered more than 80 million acres (32…

Borr Drilling Q2 Hit by Rig Transitions, Refinancing Charge

Aug 12, 2026

Borr Drilling reported lower revenue and adjusted earnings for the second quarter of 2026 as rig transitions, higher operating costs and delays getting the Odin to work weighed on results.The jack-up drilling contractor reported Q2 operating revenue of $232…

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