Indonesia awarded nine oil and gas blocks to several companies, with an investment commitment valuing nearly $85 million, its Energy Ministry said on Wednesday, with the blocks expected to help the country to achieve its energy security goals…
SLB has announced that its OneSubsea™ joint venture has been awarded a multi-well, integrated engineering, production, and construction (EPC) contract by China National Offshore Oil Corporation (CNOOC).The contract encompasses 20 wells and covers…
bp has confirmed start-up of gas production from the Quiluma field, part of the New Gas Consortium (NGC) in Angola, as reported by operator Azule Energy. This milestone continues the strong delivery of project start-ups and exploration discoveries…
The Bureau of Ocean Energy Management has issued a Notice of Intent to prepare an Environmental Impact Statement for a proposed update to the Santa Clara Unit Development and Production Plan, which includes the use of hydraulic fracturing on 16 existing wells at Platform Gilda…
Eni has marked a pair of strategic milestones, advancing its gas position offshore Angola while reinforcing its financial flexibility through a new multi-billion-dollar credit facility.In Angola, the company announced first gas from the Quiluma field…
Eni has made two new gas discoveries in Libya as a result of an exploration campaign initiated in the past months.Two adjacent geological structures, Bahr Essalam South 2 (BESS 2) and Bahr Essalam South 3 (BESS 3), were successfully drilled by the B2-16/4 and C1-16/4 wells…
U.S. Secretary of Energy Chris Wright has authorized an immediate 13% increase in exports at Venture Global’s Plaquemines LNG Terminal in Louisiana.The authorization allows additional exports of up to 0.45 billion cubic feet per day (Bcf/d) of U…
Major industry announcements and new product launches continued to drive significant visitor numbers and plentiful business activity as Oceanology International 2026 (Oi26) surpassed expectations on the second day at Excel London.Among the companies taking center stage…
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…
The Bureau of Ocean Energy Management has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the U…
2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region…
VAALCO Energy has completed drilling the ET-14P exploration well at the Etame field offshore Gabon as part of its Phase Three drilling program and plans to sidetrack the well to drill a development target.The ET-14P well encountered 10 meters…
Acteon’s marine foundations business line, Menck, has delivered the first of two MHU4400S hydraulic hammer systems to Heerema Marine Contractors Nederland under a multi-million-dollar supply agreement.The delivery marks the first phase of a…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding via Lime Petroleum, has completed the hook-up of the mobile offshore production unit (MOPU) and floating storage and offloading (FSO) vessel at the Sèmè Field in Block 1 offshore Benin…
SFL Corporation has signed a drilling contract in Canada with an unnamed multinational oil and gas company for the harsh environment semi-submersible rig Hercules, which is managed by Odfjell Drilling.The estimated contract value is approximately $170 million for the minimum term of 400 days…
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