Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, expanding its international portfolio with a pre-final investment decision oil development that includes more than 200 million barrels of oil equivalent of estimated recoverable resources.Under the agreement, Talos will pay $30 million if it decides to proceed with a final investment decision (FID), fund…
BC Ventures, a 50/50 joint venture between Borr Drilling and its long-term well construction partner in Mexico, has completed the previously announced acquisition of five premium jack-up drilling rigs from Fontis Finance for $287 million, expanding…
Dutch offshore contractor Allseas has completed one of the most extensive renewal and upgrade programs in the history of its pipelay vessel Solitaire, paving the way for the ship's return to commercial operations following 10 months of work in Rotterdam…
Equinor and its partners have made an oil discovery near the Johan Castberg field in the Barents Sea.The discovery was made in the Skrugard North Tubåen prospect by drilling a wildcat well 7220/5-EC-2 H, located around 6 kilometers north of…
Egypt's parliament approved four oil and gas exploration and development agreements on Wednesday, including a North Sinai project involving Franco-British independent producer Perenco.Egypt is looking to bolster domestic energy production that…
Oil prices rose to near six-week highs on Wednesday on mounting concerns about disruptions to key Middle Eastern supply routes because of escalating hostilities between the U.S. and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen…
Grupo Carso has signed a binding agreement with TotalEnergies to acquire its entire 30% interest in offshore Block 30 in Mexico's Isthmus Saline Basin.The acquisition will be carried out through Mx Dlta Nrg 1, a subsidiary of Zamajal, in which…
Developers of floating offshore wind projects in the Celtic Sea have established a new forum to support collaboration and help maximize the benefits of offshore wind development across Wales and southwest England.The Celtic Sea Forum brings…
BP expects its oil trading result to be slightly higher in the second quarter after an exceptionally strong first quarter, as it continues to profit from a surge in oil prices caused by the Iran war.The British major flagged higher oil realizations…
Chevron Australia has signed a long-term sale and purchase agreement with Alinta Energy to supply 46 petajoules of natural gas from its Western Australian portfolio over five years.Supply will begin in July 2027 and will come from Chevron's…
Saitec Offshore Technologies, through DemoSATH Lab, is using its operating floating wind demonstrator as a real-scale testing ground to study environmental interactions, improve monitoring methods, and explore solutions that support coexistence with marine biodiversity…
TotalEnergies has shipped the first cargo produced by the ECA LNG Phase 1 export terminal on Mexico's Pacific coast to Asia as the facility undergoes commissioning.The company holds a 16.6% stake in the project alongside operator Sempra Infrastructure and will offtake 1…
ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add 40,000 barrels per day (bpd) of oil production, Nigeria's upstream regulator said on Wednesday.The Nigerian Upstream…
Dutch marine services firm Boskalis has christened the Windpiper, which it describes as the world’s largest subsea rock installation (SRI) vessel, following an 18-month conversion project.The 227-meter-long and 40-meter-wide vessel was officially christened on July 3 by Ms…
Mexican President Claudia Sheinbaum vowed on Monday that she would not protect anyone after a video appeared to show the former head of state energy company Pemex, Victor Rodriguez, violently abusing his wife.Posted to YouTube on Friday by a woman identifying herself as Maria Felicia Jimenez…
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