Block News


QatarEnergy, ExxonMobil Declare Cyprus Gas Discoveries Commercial

Jun 30, 2026

QatarEnergy, ExxonMobil and the Government of Cyprus have signed a commercial discovery declaration for the Glaucus and Pegasus fields in Block 10 offshore Cyprus, marking a step forward in the development of the country's offshore gas resources…

Rhino Confirms Connected Oil Reservoir at Namibia's Capricornus Discovery

Jun 30, 2026

Rhino Resources has confirmed the presence of an oil-bearing reservoir in pressure communication with the Capricornus-1X discovery through an appraisal well offshore Namibia, advancing the development of the Capricornus accumulation in the Orange Basin…

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Jun 25, 2026

Faced with declining production post-2030, across Sub-Saharan Africa (SSA), the Majors have started the process of reloading exploration hoppers. Targeting predominantly deep and ultra-deep waters, they have signed numerous agreements aimed…

Markets: Middle East OSV Market at a Crossroads After Gulf Conflict

Jun 25, 2026

After several years of strong activity, the Middle East offshore market has become more volatile, with geopolitical tensions disrupting day-to-day operations. Following US and Israeli military action and subsequent Iranian attacks on neighbouring Gulf states…

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

Jun 25, 2026

India's Oil and Natural Gas Corp (ONGC) and BP have signed a technical services contract aimed at enhancing production from fields in India's Western Offshore Basin, expanding a collaboration that began at the Mumbai High field in 2025.Under the agreement…

TotalEnergies to Drill New Well in Suriname Next Year

Jun 24, 2026

Energy producer TotalEnergies expects to begin a new well drilling campaign next year to extend its exploration targets in Suriname, the French company's vice president for exploration in the Americas said on Wednesday.TotalEnergies' largest development in Suriname…

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Jun 24, 2026

Yinson Production has held a naming ceremony for the floating storage and offloading (FSO) unit PTSC Lac Da Vang ahead of the vessel's deployment to the Lac Da Vang oil project offshore Vietnam.The FSO vessel has been contracted to Murphy Cuu Long Bac Oil…

Nord Stream 2 Challenges EU's Russian Gas Phase-Out in Court

Jun 24, 2026

The owner of the Gazprom-controlled Nord Stream 2 gas pipeline is suing the European Union in the bloc's second-highest court, seeking to annul the EU's binding phase-out of gas imports from Russia, a public document showed.The EU approved a…

Petronas Makes New Gas Discovery Offshore Suriname

Jun 24, 2026

Malaysia's state-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a company executive said the block's eight discoveries…

Saipem Mobilizes for GranMorgu Oil Development off Suriname

Jun 23, 2026

Italian energy services company Saipem has launched operations for the GranMorgu offshore project in Suriname with the arrival of the multi-purpose construction vessel Normand Navigator at the Jules Sedney Harbour commercial port in Paramaribo…

Murphy Strikes Oil Offshore West Africa

Jun 23, 2026

U.S. firm Murphy Oil Corporation has discovered oil at its Bubale-1X exploration well offshore Côte d'Ivoire in West Africa.The Bubale-1X well, located in Block CI-709 around 40 miles (64 km) offshore Côte d'Ivoire, encountered 100 feet (30 meters) of net oil pay across two reservoirs…

Azule Energy Approves $5b Angola Offshore Oil Project

Jun 22, 2026

Azule Energy, a joint venture between BP and Eni, and its partners have approved the $5.1 billion Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony on Monday.Partners in the project, Angola's first integrated cross-block development…

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Jun 22, 2026

Perenco has signed a gas sales and purchase agreement (GSPA) for the Su Tu Trang Phase 2B development in Block 15-1 offshore Vietnam, marking a key commercial milestone for a project aimed at boosting domestic gas supplies and supporting the country's energy security…

Europa Oil & Gas Extends Timeline for Equatorial Guinea Farm-Out Completion

Jun 22, 2026

Europa Oil & Gas has extended the completion deadline for the farm-out of a 40% stake in the EG-08 production sharing contract offshore Equatorial Guinea to July 31, 2026, as the companies await final regulatory approval from China.The AIM-listed…

Current News

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ADNOC, XRG and Mitsui Broaden Energy Cooperation

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Saipem Lands $2B FPSO Deal for Offshore Gas Field in Indonesia

Oil Climbs on US-Iran Deal Uncertainty

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

Israel Steps Up Mediterranean Gas Search

ADNOC Launches Global LNG Trading Powerhouse

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

TotalEnergies Sells Malaysia Offshore Gas Field Stake to Inpex

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