Rakhine Basin News

 

PRIO Secures Final License to Start Production at Brazilian Offshore Field

Mar 04, 2026

Brazilian independent oil and gas firm PRIO has secured the operating license from the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) for the Wahoo pre-salt field in Campos Basin, offshore Brazil.With the issuance of the operating license, PRIO has concluded the final regulatory step for the start of production at the field, which is currently in the final stage of commissioning…

Petrobras’ P-78 FPSO Achieves Gas Injection Milestone in Búzios Field

Mar 11, 2026

The first gas injection on Petrobras’ P-78 floating production, storage and offloading (FPSO) unit has been achieved just 61 days after the vessel reached first oil on December 31, 2025.The milestone, achieved on March 2, 2026, marks the transition…

Viridien Starts Seismic Reprocessing Initiative for India’s Offshore Basins

Mar 10, 2026

Viridien has announced a new regional multi-client data initiative for the offshore basins of India, designed to deliver enhanced, data-driven exploration capabilities to industry operators.The initiative will start with Phase 1 Mahanadi Basin…

Viridien Launches Charrua 3D Seismic Survey Offshore Uruguay

Mar 06, 2026

Viridien has kicked off the Charrua 3D multi-client seismic survey offshore Uruguay, marking a new phase of exploration activity in the country’s offshore basins.Data acquisition will be carried out by the vessel BGP Prospector, with the company…

Asia Pacific Upstream 2026: Offshore Projects Ramp Up as Frontier Drilling Returns

Mar 02, 2026

Asia Pacific’s upstream sector heads into 2026 with a combination of near-term project delivery and high-impact frontier drilling. A wave of large offshore gas schemes is moving towards FID or first production, just as a new set of wildcats tests unproven deepwater plays…

Eni Nears FID for Indonesia’s Offshore Gas Projects

Feb 24, 2026

Indonesia's upstream oil and gas regulator SKK Migas expects Italy's Eni to reach its final investment decision next month for the development of the Geng North and Gendalo-Gendang gas projects, its head Djoko Siswanto told reporters.He said…

Mubadala Energy Finalizes Nargis Deal with Eni Offshore Egypt

Feb 20, 2026

Mubadala Energy has completed the acquisition from Eni of a 15% participating interest in the Nargis Offshore Area concession in Egypt.Following the transaction, Eni holds 30% of the contractor interest in the block through its subsidiary IEOC…

Azule Energy Makes Significant Oil Discovery Offshore Angola

Feb 16, 2026

Azule Energy, jointly owned by Eni and BP, has made an oil discovery at the Algaita-01 exploration well in Block 15/06 offshore Angola, with initial estimates pointing to approximately 500 million barrels of oil in place.The well, located in the offshore Lower Congo Basin…

Petronas Takes Operatorship of Oman’s Offshore Block 18

Feb 13, 2026

Petronas has signed a concession agreement with the Government of the Sultanate of Oman and OQ Exploration and Production Batinah Offshore (OQEP) for exploration activities in offshore Block 18, expanding its international upstream portfolio…

Petrobras’ P-79 FPSO Arrives to Brazil to Support Búzios Growth Plan

Feb 12, 2026

Petrobras has welcomed its P-79 floating production, storage and offloading (FPSO) unit to the Búzios field in Brazil’s Santos Basin pre-salt, in line with the planned schedule.The unit, capable of producing 180,000 barrels of oil per day and compressing 7…

TotalEnergies Asks EU to Clarify Russian LNG Ban

Feb 12, 2026

TotalEnergies is asking the French government and EU Commission to clarify an EU ban on Russian liquefied natural gas (LNG) imports, CEO Patrick Pouyanne said on Wednesday.'It appears a European company cannot market Russian LNG, which we did not initially anticipate…

Libya Awards First Oil Blocks Since 2007 to Chevron, Eni, QatarEnergy and Repsol

Feb 11, 2026

Libya on Wednesday awarded oil and gas exploration blocks to foreign oil companies, including Chevron, Eni, QatarEnergy and Repsol, in its first licensing round in nearly two decades as it seeks to revitalise the sector despite ongoing political division…

TGS Embarks on Multi-Client 2D Survey off Angola

Feb 11, 2026

Energy data and intelligence TGS has started the Ultra Profundo multi-client 2D survey offshore Angola.The survey covers approximately 12,600 line kilometers, with Ramform Victory having already started operations earlier in 2026.Data acquisition…

Elemental Energies Expands Subsurface Expertise with APT Buy

Feb 11, 2026

Elemental Energies has acquired Norway-based geoscience specialist Applied Petroleum Technology (APT), expanding its subsurface and geochemistry capabilities as operators seek deeper technical insight across the well lifecycle.APT provides petroleum geochemistry…

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Feb 11, 2026

Malaysia’s Petronas, through Malaysia Petroleum Management, has launched the Malaysia Bid Round 2026, offering nine exploration blocks and six discovered resource opportunities in a move aimed at strengthening Malaysia’s position as an upstream investment hub…

Current News

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Oil Hikes 7% after Trump Says

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

EnQuest Enters Malaysia with C

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