Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, as the company continues to streamline its portfolio and strengthen its balance sheet.The final cash consideration at completion was approximately $127 million following post-closing adjustments. The adjustments reflected cash generated by the assets during the first half of 2026 up to the transaction's completion on June 16…
Hungary's MOL Group and its joint venture partners Repsol and Türkiye Petrolleri A.O. (TPAO) have signed a production sharing agreement for a deepwater offshore exploration block in Libya's Mediterranean waters, advancing plans for oil and gas exploration in the North African country…
U.S. oil and gas producer ConocoPhillips is set to sign a contract with Syria's new government to revive gas production, the Financial Times reported on Monday, citing two people familiar with the matter.ConocoPhillips and Novaterra Energy will…
U.S. oil and gas major Exxon Mobil has applied for environmental authorization for a 35-well exploration campaign in Stabroek block, some 120 miles (193 km) off Guyana's Atlantic coastline, according to environmental regulator EPA.The campaign is expected to run from 2028 through 2033…
Greece has approved Chevron's request to take over a 70% stake from Greece's Helleniq Energy in an offshore block southwest of Greece, the Greek energy ministry said on Monday, in a move that further expands the U.S. oil major's presence in the Mediterranean…
Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina's 10.67% stake in the Browse gas fields off the coast of Western Australia, blocking a deal agreed with Japan's INPEX.Under the terms of the transaction…
Shearwater Geoservices has been awarded a distributed acoustic sensing (DAS) seismic survey contract in the Stabroek Block offshore Guyana by ExxonMobil Guyana.The contract covers a two-month program comprising source-only seismic acquisition…
Petrobras has agreed to acquire a 50% interest in the Itaimbezinho exploration block in the Campos Basin offshore Brazil from Equinor.Equinor currently holds a 100% stake in the block. Upon completion of the transaction, the consortium will consist of Equinor as operator with a 50% interest…
Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents…
Shell and its partners QatarEnergy and Namibia's national oil company NAMCOR have reported encouraging results from the Merlin-1X exploration well in Petroleum Exploration License 0039 (PEL 0039) offshore Namibia, with the well delivering the…
Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects…
Vaalco Energy has resumed production from the Baobab field on the CI-40 block offshore Côte d’Ivoire following the completion of refurbishment work on the Baobab Ivoirien floating production, storage and offloading (FPSO) vessel.Hydrocarbon…
Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities…
Technip Energies, in partnership with JGC and Samsung Heavy Industries, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract by Mozambique Rovuma Venture (MRV) for the Coral North floating…
Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier.Brent crude futures LCOc1 rose $4.42 or 4.47% to $97.15 a barrel as of 0609 GMT, while U.S…
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