Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding, has completed drilling of the AK-2H horizontal production well at the Sèmè Field offshore Benin.The AK-2H well was drilled with a total horizontal length of 1,405 meters through the reservoir section, including approximately 950 meters of oil-saturated sandstone in the H6 reservoir of the Abeokuta Formation of Cretaceous age…
MOL Group has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC), setting the foundation for cooperation in hydrocarbons exploration, technological innovation and crude trading.The companies signed a memorandum…
Shell Nigeria Exploration and Production Company has begun planned maintenance on its Bonga deepwater oil vessel, a move that will temporarily cut Nigeria’s oil export capacity by about 225,000 barrels per day but could extend the asset’s lifespan…
Malaysia's state energy firm Petronas said on Thursday it will ramp up exploration and production over the next three years to strengthen domestic energy security.Petronas said it aims to maintain domestic output at close to two million barrels of oil equivalent per day between 2026 and 2028…
Japan’s largest power generator JERA has received the first liquefied natural gas (LNG) cargo from the Barossa Gas Project in Australia, marking the start of shipments from the project after production commissioning began last year.The Barossa project…
Energean on Tuesday forecast 2026 production of 140-150 thousand barrels of oil equivalent per day (kboed), below last year's numbers, as the gas producer looks to expand operations and boost output amid geopolitical disruptions.Shares of the FTSE-250 company were down 2…
Akrake Petroleum, an indirect subsidiary of Rex International Holding, is completing drilling operations on a key production well at the Sèmè field offshore Benin, with oil production expected to begin in early February.The drilling operations…
Beacon Offshore Energy has started oil and gas production from its Zephyrus field in the U.S. Gulf of America, with output from the initial well beginning in late December 2025.The Miocene-aged development is located in Mississippi Canyon Block 759…
Nigerian President Bola Tinubu has approved 'targeted, investment-linked' incentives for Shell's Bonga South West deepwater oil project following a meeting with the company's CEO, Tinubu's office said.The proposed incentives are the latest in…
Italy's Eni has signed a binding agreement Azerbaijan's state oil and gas company SOCAR for the sale of 10% stake in the Baleine project off Ivory Coast.Eni said the transaction aligns with its strategy of optimizing the upstream portfolio by…
Energy assets investment firm Samos Energy has signed an agreement to acquire the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure, expanding its offshore asset portfolio in Southeast Asia.The Suksan Salamander…
Equinor and its partners have proven oil in a wildcat well in the Norwegian Sea, drilled by COSL's COSL Innovator semi-submersible drilling rig.The wildcat well 6507/8-12 S, in production license 124 B, tested the ‘Othello South’ prospect, 4…
Kazakh oil producer Tengizchevroil, led by Chevron, said on Monday that it had temporarily halted production at the Tengiz and Korolev oilfields after an issue affected power distribution systems.The statement came a day after Kazakhstan's state…
Vår Energi has completed the appraisal well with two production tests on the Zagato structure in the Goliat Ridge discovery in the Barents Sea, confirming reservoir quality and adding recoverable volumes.The well was drilled approximately seven…
Chevron and its partners in the Leviathan natural gas reservoir have reached a Final Investment Decision (FID) to expand the production capacity of the strategic Leviathan production platform located offshore Israel.The Leviathan expansion project…
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