Harbour Energy has agreed to sell its operated interests in the Natuna Sea Block A field and the Tuna development project in Indonesia to Prime Group for $215 million in cash, as the U.K.-listed producer continues to streamline its portfolio.The sale, which is subject to regulatory approvals, is expected to close in the second quarter of 2026.Harbour holds 28.7% in Natuna Sea Block A, which includes the Anoa…
Chevron said on Wednesday that capital expenditure for 2026 will be between $18 billion and $19 billion as the oil major focuses on production in the U.S. and investments connected to a recently-acquired oil stake in Guyana.The range is at the…
PetroNor E&P has set out plans to withdraw from its exploration license for Block A4 offshore Gambia after the initial exploration phase expired in mid-November.The company said it had been in discussions with the Gambian government on future…
Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday, public documents seen by Reuters show…
European countries are loosening their strict opposition to new oil and gas drilling, reversing years of climate-driven resistance to fossil fuels as governments seek to reduce a heavy reliance on costly energy imports, including from the U…
TotalEnergies EP Nigeria has signed a farmout agreement to sell to Star Deep Water Petroleum, a Chevron company, a 40% participation in the PPL 2000 and PPL 2001 exploration licenses, offshore Nigeria.Located in the prolific West Delta basin…
Mubadala Energy and PLN Energi Primer Indonesia (PLN EPI) have signed a heads of agreement to supply gas from the Andaman Sea as part of efforts to strengthen Indonesia’s energy security.The agreement establishes a framework for supplying cleaner…
Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President…
Italy’s Eni has signed an agreement with Argentina’s YPF to acquire a 50% share and operatorship in the exploration Block OFF-5 in Uruguay’s offshore.Block OFF-5 covers an area of 16,883 km2 in water depths ranging from 800 m to 4,100 m, at 200 km from the coast…
Libya's National Oil Corporation said it is approaching the final stage of a public exploration bid round, with companies expected to submit offers and open bids in February 2026, according to a statement on Thursday.The bid round, the first in over 17 years…
The message could not have been clearer as protesters carried coffins labeled oil, coal and gas through Belém while negotiators met in the Amazonian city for the United Nations COP30 climate summit.It may be too early to declare the end of the fossil fuel era…
TotalEnergies has signed agreements with Conoil to acquire a further 50% interest in oil exploration block OPL 257 from its Nigerian partner, bringing its holding to 90%, the French group said on Wednesday.The deal is part of efforts to consolidate…
Ghana has initiated talks to take over Springfield Exploration's stake in an offshore block holding an estimated 1.5 billion barrels of oil, the energy ministry said, as the country seeks to reverse falling output to bolster its economic recovery…
The Bureau of Ocean Energy Management announced a Proposed Notice of Sale for the second offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Big Beautiful Gulf, or BBG2, is scheduled to take place on March 11…
BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia, confirming the presence of hydrocarbons.The well, drilled with Odfjell Drilling-managed Deepsea Mira rig, reached a total depth of 5…
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