Nigeria's upstream oil regulator expects at least 22 offshore projects to start production by 2030, with potential investment of up to $50 billion, as Africa's top oil producer pushes to boost oil and gas output and attract new capital.The NUPRC said reforms…
India's top explorer, Oil and Natural Gas Corp (ONGC), hopes to soon sign agreements with Venezuela to operate two oil blocks under the South American nation's new petroleum law, its finance chief said on Wednesday.State-run ONGC, through its overseas investment arm ONGC Videsh…
Angola's state-owned oil company Sonangol and concessionaire ANPG said on Thursday that the Katambi-2 offshore appraisal well crossed two productive intervals and confirmed good quality reservoirs.Initial tests recorded a stabilised production…
Petrobras has confirmed a new gas discovery at the Sandia-1 exploratory well in the GUA-OFF-0 block in deep waters offshore Colombia, further expanding the identified gas potential of the country's offshore basin.The Sandia-1 well is located about 42 kilometers from the Colombian coast in 1…
An ExxonMobil-led joint venture has recovered the billions of dollars it invested to develop a large oilfield in Guyana, its chief financial officer told Reuters, and the South American country will now receive more oil money.Guyana's Stabroek Block…
Shell has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, giving the Hungarian energy company a 35% stake in Cyprus' Aphrodite offshore gas field.The transaction, which is subject to customary adjustments…
Azule Energy, jointly owned by Eni and BP, has started construction of the topside process modules for the Greater PAJ floating production, storage and offloading (FPSO) vessel, with the first steel cutting ceremony held at Haiyang CIMC Raffles' Haiyang yard in China…
Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, expanding its international portfolio with a pre-final investment decision oil development that includes more than 200 million barrels of oil equivalent of estimated recoverable resources…
Eni and TotalEnergies have taken a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, paving the way for the country's first gas project and creating a new liquefied natural gas (LNG) export route to Europe via existing infrastructure in Egypt…
Baker Hughes has secured a major order from Venture Global LNG to supply liquefaction technology for the expansion of the CP2 LNG project in Louisiana, extending the companies' long-standing partnership in U.S. liquefied natural gas development…
Egypt's parliament approved four oil and gas exploration and development agreements on Wednesday, including a North Sinai project involving Franco-British independent producer Perenco.Egypt is looking to bolster domestic energy production that…
Oil and gas company Sintana Energy has informed that the Uruguay's state-owned energy company ANCAP has approved a one-year extension to the initial exploration period for the AREA OFF-1 offshore block, giving the Chevron-led venture more time…
Saipem has secured an offshore drilling contract worth approximately $260 million from Eni for a long-term development drilling campaign offshore Côte d'Ivoire.The contract will see the Santorini drillship deployed on the campaign from early 2027 under a firm drilling program…
Grupo Carso has signed a binding agreement with TotalEnergies to acquire its entire 30% interest in offshore Block 30 in Mexico's Isthmus Saline Basin.The acquisition will be carried out through Mx Dlta Nrg 1, a subsidiary of Zamajal, in which…
Japan's Inpex on Thursday launched construction of its long-delayed $21 billion Abadi LNG project in Indonesia's Masela gas block, in a ceremony that was livestreamed.Production from the plant is expected to start around 2030.Here are some details…
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