Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) subsidiaries and Petronas Carigali's PC JDA have signed a 35-year production sharing contract for Block A-18-01 in the Malaysia-Thailand Joint Development Area, allowing the partners to continue petroleum exploration, development and production from the block.PTTEP JDX Thailand (JDA) Limited and PTTEP JDX Thailand, together with PC JDA…
The Iran war's redrawing of the global trade map is forcing Gulf nations to retool their investment play book, ploughing capital into infrastructure, from energy pipelines to ports, to weather the fallout from the conflict.The war has highlighted the Gulf's overreliance on the Strait of Hormuz…
Chinese offshore oil and gas major CNOOC posted a record first-half net profit on Wednesday, as higher oil prices driven by the Iran war and rising production boosted earnings.Net profit attributable to shareholders rose 23.4% to 85.8 billion yuan ($12…
MODEC has informed that the Errea Wittu floating production, storage and offloading (FPSO) vessel arrived to Guyana ahead of deployment at ExxonMobil’s project in the Stabroek block.Developed for ExxonMobil Guyana, the FPSO will integrate the development of the Snoek…
Petrobras has entered direct negotiations for exploration contracts covering four offshore blocks in Ghana's Keta Basin after the country's Ministry of Energy and Green Transition approved the company's application.Petrobras said it had submitted…
TGS has been awarded data brokerage, marketing and licensing rights by the Petroleum Authority of Brunei Darussalam for subsurface data over an offshore Brunei block.The award covers data across the block, including 3D seismic data, well information…
Everllence has signed a contract with a Turkish shipyard within the high-speed segment. The contract comprises 16 × 175D gensets bound for 4 × Rampage 6000‑DE offshore terminal tugs designed by Robert Allen.These will be operated by Smit Lamnalco…
The fifth floating oil production facility for a consortium led by U.S. energy major Exxon Mobil in Guyana has arrived in Guyanese waters, according to vessel monitoring data on Thursday.The Errea Wittu FPSO, built by Japanese firm MODEC in Singapore…
Early design decisions and robust qualification of subsea connectors can materially shape the long-term integrity of subsea pipelines warns Lloyd’s Register (LR), as part of a new study delivered for the Norwegian Ocean Industry Authority (Havtil)…
Panoro Energy has entered into a definitive agreement with DNO to acquire the entire share capital of DNO’s wholly owned subsidiary DNO CI which holds an indirect 9.09 percent interest in the high-quality gas producing Block CI-27 offshore Côte d’Ivoire…
Guyana is now entitled to 39.8% of crude production from a large ExxonMobil-led offshore project, the country's President Irfaan Ali said on Tuesday.The change - expected to greatly increase the country's oil revenue - comes after the Exxon-led consortium…
Sub-Saharan Africa’s deepwater production is expected to grow by over 1 million boe/d by 2035 and big-ticket projects taking final investment decisions (FIDs) in 2026 and 2027 will be key to unlocking this.In late January, Equatorial Guinea and Chevron signed-off the Aseng Gas blowdown project…
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration.Western and southern Africa…
Petrobras has identified the presence of hydrocarbons in an exploratory well being drilled in block FZA-M-59, in deep waters off the coast of Amapá in the Amazon River mouth sedimentary basin on the Brazilian equatorial margin.The Morpho well…
South Africa's Constitutional Court on Friday blocked offshore exploration led by Shell along the country's pristine Wild Coast, a setback for the oil major after years of legal challenges by local communities and environmentalists.The ruling…
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