Sabah Oil And Gas Terminal News

 

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…

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

Jun 02, 2025

Azeri state energy company SOCAR will sign new agreements soon for oil and gas exploration in Azerbaijan, including with Exxon Mobil and BP, three sources told Reuters on Monday.The sources, who spoke on condition of anonymity, declined to give further details…

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Jun 02, 2025

Turkish state oil company TPAO will sign a gas production-sharing agreement with Azerbaijan's SOCAR and BP for the Shafaq-Asiman offshore block on the Caspian sea, Turkey's energy minister said on Monday.'Today, we are taking further steps with…

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

May 30, 2025

Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…

TotalEnergies Sells Bonga Field Stake to Shell for $510M

May 29, 2025

TotalEnergies has signed an agreement with Shell for the sale of its non-operated interest in the Bonga field, offshore Nigeria, for $510 million.TotalEnergies, through its subsidiary TotalEnergies EP Nigeria, agreed the sale of its 12.5% interest…

Equinor's Troll Gas Field Outage Extends to end of May

May 27, 2025

Equinor has extended a partial outage at Norway's Troll natural gas field until May 31 due to a compressor failure, the company said in a regulatory filing on Monday, pushing European gas prices higher.Norway in 2022 overtook Russia as Europe's…

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

May 23, 2025

Malaysia-based fleet owner of self-propelled accommodation workboats Keyfield International has signed a memorandum of understanding (MoU) with Indonesia’s PT Elnusa Trans Samudera (ETSA) to explore joint marine services opportunities in the oil and gas sector…

EU: 44 Oil and Gas Firms Asked to Provide CO2 Storage Solutions

May 23, 2025

The European Commission said on Thursday it had asked 44 oil and gas companies to contribute to the EU's collective target of storing at least 50 million tonnes of CO2 per year by 2030, as part of the bloc's aim to achieve climate neutrality…

Terradepth Lands Long-Term Offshore Survey Contract in Asia Pacific

May 22, 2025

Terradepth, a provider of Ocean Data as a Service (ODaaS), has secured a five-year Master Services Agreement with a major offshore energy company in Asia Pacific region.Terradepth will deliver autonomous hydrographic survey and data services…

New Zealand to Financially Support New Offshore Gas Projects

May 22, 2025

New Zealand will co-invest in new gas fields in the country, the government announced in its budget on Thursday, as it looks to attract investments into the sector after lifting a ban on offshore oil and gas exploration.The government has set aside a contingency of NZ$200 million ($118…

Endangered Gulf of Mexico Whale Threatened by Oil and Gas Vessel Strikes

May 21, 2025

The Trump administration published a long-awaited environmental assessment on Tuesday that found that vessel strikes related to oil and gas drilling in the Gulf of Mexico are likely to jeopardize the existence of the endangered Rice's whale…

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

May 20, 2025

American Bureau of Shipping (ABS) has issued an approval in principle (AiP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O).Called MLF-O, the next-generation…

ADNOC Finds Partner for Oil and Gas Well Completion Solutions

May 19, 2025

ADNOC has signed a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, securing exclusive rights to use Tubacex’ tubular joint connection technology which is critical for completing oil and gas wells…

Turkey Discovers New Black Sea Gas Reserve

May 19, 2025

Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday.'With this discovery, we will meet the natural gas needs of homes in Turkey for 3…

ADNOC Partners with ExxonMobil, Occidental to Boost UAE Oil and Gas Capacity

May 16, 2025

ADNOC has signed agreements with ExxonMobil to expand the capacity of United Arab Emirates (UAE) Upper Zakum field, and with Occidental to explore increasing Shah Gas field’s capacity, as part of multiple strategic agreements that could potentially enable $60 billion of U…

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