Brazil's state-run oil firm Petrobras has acquired a 42.5% stake in Block 2613, offshore Namibia.The transaction was carried out in partnership with TotalEnergies, which also acquired 42.5% and will act as the operator of the block.TotalEnergies Secures Operated Interest in Namibia’s Offshore LicenseThe selling companies are Eight Offshore Investment Holdings and Maravilla Oil & Gas.After the completion of the transaction…
BW Energy has informed that one of the existing joint venture partners in Angola's offshore blocks 14 and 14K has indicated its intention to exercise pre-emption rights in relation to the previously announced acquisition agreement.BW Energy…
SBM Offshore and ExxonMobil Guyana, an affiliate of ExxonMobil, have completed the transaction related to the purchase of One Guyana floating production, storage and offloading (FPSO) unit.The purchase was completed ahead of the maximum lease term which would have expired in August 2027…
Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil.Companies are restocking their oil…
The Bureau of Ocean Energy Management, today announced another major step toward expanding offshore energy development pursuant to the One Big Beautiful Bill Act. BOEM released the Final Notice of Sale for Lease Sale Big Beautiful Gulf 2 (BBG2)…
An OMV Petrom-operated exploration well, drilled at the Vinekh prospect in Black Sea's Han Asparuh block off Bulgaria, has been assessed as dry, after encountering only non-significant natural gas shows, according to NewMed Energy, one of the partners in the license…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding, has completed drilling of the AK-2H horizontal production well at the Sèmè Field offshore Benin.The AK-2H well was drilled with a total horizontal length of 1,405 meters through the reservoir section…
A U.S. judge on Monday will consider a request from Danish energy company Orsted to block the Trump administration's halt on its Sunrise Wind project off the coast of New York.The preliminary injunction request is the fifth brought by an offshore wind…
Offshore drilling contractor Northern Offshore has secured a contract for its Energy Emerger jack-up rig for a drilling operation at Yumna field, offshore Oman.Rex International’s indirect subsidiary Masirah Oil announced that its parent company…
Lukoil had agreed to sell most of its foreign assets, estimated to be worth around $22 billion, to U.S. private equity firm Carlyle Group pending approval from the U.S. government, Russia's No. 2 oil producer said on Thursday.Under U.S. sanctions because of Russia's actions in Ukraine…
ExxonMobil Guyana has deployed Sentinel Proactive to enhance marine safety and environmental protection around its subsea pipeline, providing real-time visibility along the pipeline corridor, particularly in shallow coastal waters where anchoring risk is highest…
BP's head of Trinidad and Tobago said on Monday the oil and gas major is still interested in cross-border opportunities with Venezuela, despite the government in Caracas suspending all bilateral energy agreements with its neighbor last year…
Akrake Petroleum, an indirect subsidiary of Rex International Holding, is completing drilling operations on a key production well at the Sèmè field offshore Benin, with oil production expected to begin in early February.The drilling operations…
Beacon Offshore Energy has started oil and gas production from its Zephyrus field in the U.S. Gulf of America, with output from the initial well beginning in late December 2025.The Miocene-aged development is located in Mississippi Canyon Block 759…
Shell has failed to make a commercial discovery in its Falcao-1 exploration well on Block 10 offshore Sao Tome and Principe, the company said on Wednesday.'While the well did not encounter commercially viable hydrocarbons, the operation provided valuable insights into key aspects of the basin…
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