Perenco Vietnam has signed a Gas Sales and Purchase Agreement (GSPA) for the Su Tu Trang Phase 2B development on Block 15-1 offshore Vietnam, marking a key milestone for a project expected to supply more than 600 Bcf of natural gas over its producing life.
Offshore communications provider Tampnet has secured contracts to deliver subsea fiber and 5G connectivity for two deepwater developments in the U.S. Gulf, supporting increased digitalization and remote operations across the region.
GNPC Explorco and Tamale Technical University (TaTU) have institutionalised a strategic partnership aimed at bridging the gap between the upstream petroleum industry and academia.
Libya reached its highest daily production since 2013, recording 1.44 million barrels per day (MMbpd) on Sunday, the National Oil Corp (NOC) said.
Ghana is positioning itself as West Africa’s gas trading hub, with more than $3.5 billion committed to address a supply gap that imports from Nigeria alone cannot close.
Iraq is preparing to boost oil exports from its southern ports with a formal deal to open the Strait of Hormuz scheduled to be signed on Friday.
Trendsetter Vulcan Offshore (TVO) has deployed its Hercules tethered blowout preventer (TBOP) system to support the workover of a shut-in well in the Gulf of America, enabling a deepwater dynamically positioned (DP) rig to safely conduct operations in shallow water.
Transocean has secured approximately $185 million in new contract backlog through awards for two harsh-environment semisubmersible rigs operating in Norway and Australia.
Vår Energi has taken final investment decision (FID) on the Balder Next New Wells project in the North Sea, advancing the next phase of development in the Balder area and adding 86 MMboe of reserves tied to the Jotun FPSO.
Saudi Arabia’s energy major Aramco is considering selling a stake in its sulfur business, eyeing proceeds of up to $7 billion, Reuters has reported, citing unnamed sources.