Texas Petroleum Investment Co News

 

EnerMech Nets Long-Term Servicing Contract for Triton FPSO

Jul 03, 2025

Energy industry services firm EnerMech has secured a multi-year contract from Dana Petroleum for the provision of offshore shutdown support services for the Triton floating production, storage and offloading (FPSO) vessel.Dana hired EnerMech on a three-year fixed term contract with a further two by two-year extension option periods for the FPSO located approximately 120 miles east of Aberdeen in the North Sea…

OKEA Gets Green Light for New Drilling Op at Brage Field

Jun 30, 2025

The Norwegian Offshore Directorate (NOD) has granted OKEA a drilling permit for a wildcat well in the Brage field.The drilling permit is for the well 31/4-A-15 B in production license 055, and will be done via Brage production, drilling and accommodation facility…

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

Jun 26, 2025

Sierra Leone will wait for the results of a recently-launched offshore 3D seismic survey, its first in over a decade, ahead of potentially opening its next oil and gas licensing round later this year, a senior government official said on Thursday…

Egypt's EGAS Awards Offshore Blocks to International Companies

Jun 25, 2025

Egypt's EGAS has awarded four blocks in the Mediterranean, one in the Nile delta, and one in North Sinai to international companies, according to a petroleum ministry statement on Wednesday.Companies will invest $ 245 million to drill at least 13 new exploratory wells during the exploration period…

Woodside Wraps Up Louisiana LNG Stake Sale to Stonepeak

Jun 25, 2025

Woodside has completed the sell-down of a 40% interest in Louisiana LNG Infrastructure to Stonepeak, a global investment firm specializing in infrastructure and real assets.The completion follows Woodside’s announcement on 7 April 2025 that it had signed an agreement with Stonepeak…

OEG Strengthens Oil and Gas Services Offering in Qatar

Jun 24, 2025

Energy solutions company OEG has finalized an evergreen agreement with Al Nasr Holding Co., to enhance support for the oil and gas, petrochemical, and industrial sectors in Qatar.The agreement further reinforces the company's strategic partnership with Venture Gulf Engineering (VGE)…

Strategic Marine Delivers Fourth Fast Crew Boat to Thai Firm

Jun 23, 2025

Strategic Marine has delivered TMS Tah Muang fast crew boat to Truth Maritime Services (TMS), a subsidiary of the Prima Marine Group.The latest 42-metre Generation 4 Fast Crew Boat (FCB) marks the fourth high-performance vessel delivered by Strategic Marine to TMS since 2024…

Eni Sells Plenitude Share to Ares for $2.3B

Jun 23, 2025

Italian energy group Eni has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp for about 2 billion euros ($2.3 billion), it said on Monday.The transaction is part of…

Russia Looks to Myanmar Offshore Oil and Gas Prospects

Jun 20, 2025

Russia signed an investment agreement with Myanmar on Friday that it said could open up new opportunities for Russian energy companies in the south Asian country.'We especially note the readiness of the Myanmar side to attract Russian companies to the development of offshore oil and gas fields…

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Jun 19, 2025

Idemitsu Kosan Co has acquired interests in two oil and gas blocks located off the coast of Sarawak in Malaysia from South Korean SK earthon, and signed production sharing contracts (PSC) for the developments.The acquired interests are for the Block SK427…

BW Opal FPSO Arrives to Santos' Barossa Gas Field off Australia

Jun 19, 2025

BW Opal floating production, storage and offloading (FPSO) unit, operated by BW Offshore, has arrived at Santos’ Barossa gas field, marking a critical milestone on the path to first gas in the third quarter of 2025.Since its arrival, on June 15…

Japan Energy Summit & Exhibition Opens in Tokyo

Jun 18, 2025

Opening Ceremony sets the tone for a pivotal three-day event focused on global cooperation,  diversified supply, and pragmatic climate solutions  Global CEO Panel featuring JERA, TotalEnergies, and Woodside underscores LNG’s role in energy  security…

Galp Secures Three Exploration Blocks in Brazil

Jun 18, 2025

Portugal's Galp has been awarded three offshore blocks as part of Brazil’s fifth Open Permanent Concession bid round.Galp acquired offshore early-stage exploration blocks P-M-1670/1672/1741 in the Pelotas basin, in the southern region of the country…

TotalEnergies Eyes Mozambique LNG Restart in Summer 2025

Jun 18, 2025

TotalEnergies expects its $20-billion Mozambique liquefied natural gas (LNG) project to resume development 'this summer', Chief Executive Patrick Pouyanne said on Wednesday.He was asked about the timing during a session at the Japan Energy Summit in Tokyo…

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…

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