Eni has made a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau production sharing contract (PSC), in the Kutei Basin, offshore Indonesia.Estimates indicate 600 billion cubic feet (Bcf) of gas initially in…
Malaysia’s MISC Berhad has secured its first floating production unit (FPU) project in Brunei after receiving a letter of award from PETRONAS Carigali Brunei (PCBL) for the lease, operation and maintenance of the facility for a natural gas development project…
Norwegian technology company Vissim has secured a contract with a Qatar-based oil and gas operator to deliver a vessel collision avoidance system at an undisclosed oil field offshore Qatar.As part of a three-year agreement, Vissim will provide…
India's Oil and Natural Gas Corp (ONGC) will pay into Russia's Sakhalin-1 oil and gas field abandonment fund in roubles, using Indian companies' frozen dividends to retain its 20% stake in the project, three sources familiar with the matter said…
TotalEnergies has agreed to merge its U.K. upstream operations with NEO NEXT Energy in a transaction that will create NEO NEXT+, expected to become the largest independent oil and gas producer in the United Kingdom.Under the deal, TotalEnergies will hold a 47…
Harbour Energy has agreed to sell its operated interests in the Natuna Sea Block A field and the Tuna development project in Indonesia to Prime Group for $215 million in cash, as the U.K.-listed producer continues to streamline its portfolio…
Dajin Heavy Industry and Germany’s Briese Schiffahrt have signed a memorandum of understanding to develop offshore wind marshalling services at a new terminal in the Port of Cuxhaven in Germany.The agreement, signed on November 26, aims to establish…
Equinor and its partner Aker BP have discovered hydrocarbons in wildcat wells drilled in the North Sea.The gas/condensate discovery was made in the Lofn and Langemann prospects, part of 1140 production license, operated by Equinor with 60% working interest…
Glenfarne Group’s Texas LNG project has signed a binding 20-year sales and purchase agreement with Macquarie Energy for 0.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG).The agreement converts a previously non-binding heads of agreement into a definitive contract as the Brownsville…
Petrobras and Shell have increased their participation in Brazil’s Atapu and Mero pre-salt reservoirs after securing additional equity in an auction held by Pré-Sal Petróleo (PPSA).The consortium formed by Petrobras (80%), in partnership with Shell Brasil Petróleo (20%)…
The Australian unit of U.S. oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast.The development will…
An overwhelming 99% of Offshore Alliance members have voted to strike at Woodside Energy's Pluto LNG 2 facility, according to results released on the organisation's Facebook page on Thursday.Around 400 members of the Electrical Trades Union…
A survey on Thursday showed that oil firms in Norway are planning to drill 18% less exploration wells next, as they focus on existing fields. This could undermine the government's aim of maintaining production from Europe's biggest petroleum producer…
Equinor has started production from the Verdande subsea field in the Norwegian Sea, a development that is expected to keep the Norne floating production, storage and offloading (FPSO) producing beyond 2030.The field, which holds an estimated 36 million barrels of oil…
French oil major TotalEnergies and its fellow partners on the $20 billion Mozambique LNG project have agreed to provide additional equity to replace the previous contributions of British and Dutch export credit agencies, it said on Tuesday.The UK and Dutch agencies represented about 10% of the $15…
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