Providence Resources News

 

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Jun 20, 2025

Petronas, through its wholly-owned subsidiary Petronas Suriname E&P, has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname.The agreement was signed with Staatsolie Maatschappij Suriname and Paradise Oil Company (POC), a wholly-owned subsidiary of Staatsolie.Under the PSC, Petronas holds the operatorship with 80% participating interest, while POC holds the remaining 20%…

Vår Energi, Kistos Energy Greenlight Balder Phase VI Project in North Sea

Jun 18, 2025

Vår Energi and license partner Kistos Energy Norway have reached the final investment decision (FID) for the Balder Phase VI project in the Balder area, off Norway.The fast-track development will be a key contributor to sustaining long term…

Rhino Resources To Drill New Well Offshore Namibia

Jun 17, 2025

African energy explorer Rhino Resources and its partner Azule Energy will drill the new Volans-1X exploration well offshore Namibia in late July or early August, a company spokesperson said on Tuesday.The Volans prospect is being investigated…

Perenco Starts Construction of New Offshore Platform for Project in Congo

Jun 13, 2025

Perenco has launched a new development phase for its operations in Congo, with the construction of new offshore platform Kombi 2 which will be installed on the Kombi-Likalala-Libondo II (KLL II) permit.Kombi 2 is currently under construction at the Nieuwdorp shipyard (Netherlands) by Dixstone…

DNO Quadruples North Sea Production with Sval Energi Acquisition

Jun 12, 2025

Norwegian oil and gas operator DNO has completed the acquisition of Sval Energi Group from HitecVision, picking up 16 producing fields in Norway and quadrupling its North Sea production to 80,000 barrels of oil equivalent per day (boepd).DNO…

Repsol Hires Halliburton for Well Lifecycle Optimization of North Sea Assets

Jun 10, 2025

Repsol Resources UK has hired Halliburton under a five-year contract to support the full well lifecycle on its oil and gas assets in the U.K. North Sea.Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments…

Tower Resources Lines Up ADES Jack-Up Rig for Cameroon Drilling Op

Jun 10, 2025

Tower Resources, the AIM-listed oil and gas company focused on Africa, has issued a Letter of Award (LoA) to Advanced Energy Systems (ADES), an affiliate of Saudi firm ADES Holding, for the provision of a jack-up rig for drilling job in Central Africa…

China Leads the World in Energy Investment

Jun 09, 2025

The latest edition of the International Energy Agency’s World Energy Investment report demonstrates how the global energy scene has changed from when the first edition of the report in 2015 showed energy investment in China just edging ahead of that of the United States…

Shell Hires Subsea7 for Work at Aphrodite Development off Trinidad

Jun 09, 2025

Subsea 7 has secured a contract by Shell for the Aphrodite gas project offshore Trinidad and Tobago.The project involves the transportation and installation of subsea equipment at the Aphrodite development, located within Block 5a, at water depths of up to 290 meters…

Eni, YPF Sign Deal for Argentina LNG Project

Jun 09, 2025

Eni and Argentina's energy company YPF have signed an agreement for the Argentina LNG (ARGLNG) project.The agreement defines the required steps to reach the final investment decision for the phase of the project that includes the production…

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Jun 03, 2025

BP, together with its partners, has entered into a series of agreements that will build and expand on its major oil and gas interests in Azerbaijan, paving the way for growth and additional production while deepening its partnership with the country and state oil company…

Exxon Signs Agreement With Azeri SOCAR to Explore Oil Production

Jun 02, 2025

Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan, while BP is expected to buy into new Azeri offshore fields, according to three sources.Azerbaijan's…

Mento Platform Off Trinidad and Tobago Produces First Gas

May 29, 2025

EOG Resources Trinidad (EOG) and BP Trinidad and Tobago, equal joint venture partners in the Mento development, have produced first gas at the field off Trinidad’s southeast coast.The Mento development features a 12-slot, attended facility that…

World Energy: Tariffs Reshape the Future

May 27, 2025

A new report from Wood Mackenzie, 'Trading cases: Tariff scenarios for taxing times', presents three futures for the global energy landscape, highlighting the far-reaching implications of ongoing trade tensions for the energy and natural resources sectors…

One Person Missing After Fire on Chevron’s Deepwater Platform off Angola

May 21, 2025

One person has been reported missing following the fire incident that occurred on May 20 at Chevron’s Benguela Belize Lobito Tomboco (BBLT) deepwater platform off Angola, that left 17 people injured.The report about the missing person was shared by Angola’s National Agency for Oil…

Current News

Siemens Gamesa Discusses European Production With Chinese Rare Earth Suppliers

Siemens Gamesa Discusses Europ

Sierra Leone Awaits Results of Offshore Seismic Survey Ahead of Possible Oil and Gas Auction

Sierra Leone Awaits Results of

Bernhard Schulte Offshore Delivers New Commissioning Service Operation Vessel

Bernhard Schulte Offshore Deli

OSC, Ashtead Technology Bolster Joint Environmental Services Offer

OSC, Ashtead Technology Bolste

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine