Abu Dhabi state-owned renewables company Masdar reported a 2024 profit of 412 million dirhams ($112.18 million) on Thursday, reversing a 44-million-dirham net loss recorded the previous year.The company's total assets more than tripled in the year ending December 31…
Canadian exploration and production company Central European Petroleum (CEP) has made a significant oil discovery in its fully owned and operated Wolin East 1 (WE1) well, located in the Baltic Sea, offshore Poland.The WE1 well was drilled using…
Offshore drilling contractor Valaris has secured work for two of its drillships in the Gulf of America.Valaris has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18…
Energy industry services firm EnerMech has secured a multi-year contract from Dana Petroleum for the provision of offshore shutdown support services for the Triton floating production, storage and offloading (FPSO) vessel.Dana hired EnerMech…
The Norwegian Offshore Directorate (NOD) has granted OKEA a drilling permit for a wildcat well in the Brage field.The drilling permit is for the well 31/4-A-15 B in production license 055, and will be done via Brage production, drilling and accommodation facility…
Sierra Leone will wait for the results of a recently-launched offshore 3D seismic survey, its first in over a decade, ahead of potentially opening its next oil and gas licensing round later this year, a senior government official said on Thursday…
Egypt's EGAS has awarded four blocks in the Mediterranean, one in the Nile delta, and one in North Sinai to international companies, according to a petroleum ministry statement on Wednesday.Companies will invest $ 245 million to drill at least 13 new exploratory wells during the exploration period…
Strategic Marine has delivered TMS Tah Muang fast crew boat to Truth Maritime Services (TMS), a subsidiary of the Prima Marine Group.The latest 42-metre Generation 4 Fast Crew Boat (FCB) marks the fourth high-performance vessel delivered by Strategic Marine to TMS since 2024…
Idemitsu Kosan Co has acquired interests in two oil and gas blocks located off the coast of Sarawak in Malaysia from South Korean SK earthon, and signed production sharing contracts (PSC) for the developments.The acquired interests are for the Block SK427…
Portugal's Galp has been awarded three offshore blocks as part of Brazil’s fifth Open Permanent Concession bid round.Galp acquired offshore early-stage exploration blocks P-M-1670/1672/1741 in the Pelotas basin, in the southern region of the country…
African energy explorer Rhino Resources and its partner Azule Energy will drill the new Volans-1X exploration well offshore Namibia in late July or early August, a company spokesperson said on Tuesday.The Volans prospect is being investigated…
Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes…
Tower Resources, the AIM-listed oil and gas company focused on Africa, has issued a Letter of Award (LoA) to Advanced Energy Systems (ADES), an affiliate of Saudi firm ADES Holding, for the provision of a jack-up rig for drilling job in Central Africa…
Akrake Petroleum, Rex International's indirect subsidiary, has completed the development plan for the Seme field offshore Benin, with the drilling operations scheduled to begin in early July 2025 using Borr Drilling’s jack-up rig.Akrake holds…
PTAS Aker Solutions, a local joint venture between Aker Solutions and the Brunei company PTAS, has secured a two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).The extension…
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