Ghana’s Petroleum Commission says it has resolved all disputes with upstream oil operators active in the country. The agency also reports two separate investment commitments totaling $3.5 billion, earmarked for the Jubilee and TEN fields as well as the Offshore Cape Three Points (OCTP) block. Several producing countries are currently working to secure new upstream […]
MODEC’s FPSO Errea Wittu, which was developed for ExxonMobil Guyana, a subsidiary of the U.S.-headquartered oil and gas giant ExxonMobil, has come to Guyana, where it will undergo final offshore preparations and commissioning ahead of first oil from the Stabroek block operator’s fifth project that integrates the development of the Snoek, Mako, and Uaru resources in the South American country on […]
Brazil’s state-run oil company, Petrobras (PETR3.SA), opens new tab, said on Friday it had submitted an expression of interest for exploration blocks in Ghana and begun negotiations.The West African nation’s Ministry of Energy and Green Transition had approved its application to negotiate exploration contracts for four offshore blocks in the Keta Basin, Petrobras said.Sylvia Anjos, Petrobras’ […]
Venezuela signed oil-related contracts with two US companies as the government of the South American country seeks to attract investment and boost crude production, a report said.
Industry leaders discussed Venezuela’s oil and gas reserves, emphasizing the importance of international partnerships, technology, and infrastructure development to unlock resource potential to help meet future global energy demand. Venezuela used an energy industry gathering in Houston on Aug. 19 to promote investment opportunities for US oil and gas companies, independent operators, service companies, technology […]
Washington, DC – US media reports have revealed a covert US military operation aimed at securing the passage of oil tankers through the Strait of Hormuz. This comes amid ongoing military tensions with Iran and a decline in maritime traffic in one of the world’s most important energy shipping lanes. According to Axios, US forces are managing […]
Latin America’s two biggest oil companies are betting on a high-risk effort to unlock crude from deeply buried Jurassic rocks offshore Mexico. Petroleo Brasileiro SA and Petroleos Mexicanos have teamed up to evaluate a pre-salt play beneath the Gulf of Mexico that is older, deeper and potentially richer in oil than many existing fields. The […]
Transocean has secured a two-year binding Letter of Award with India’s Oil and Natural Gas Corporation (ONGC) for the Dhirubhai Deepwater KG2 ultra-deepwater drillship. The drilling campaign is expected to begin in the first quarter of 2027 and contribute approximately $300 million in contract value, including additional services and mobilization fees. The award also includes two […]
DeepOcean has completed subsea construction and tie-in work for Anasuria Operating Company’s Teal West development in the UK North Sea, connecting the field to the existing Anasuria FPSO. DeepOcean’s scope included installation of a flexible production riser and flowline, along with an umbilical connecting the FPSO to the Teal West subsea Christmas tree. The company also completed protection and […]
Continental Resources has agreed to acquire FireBird Energy II LLC, adding approximately 32,000 boed of oil-weighted production and expanding the company’s position in the Permian basin. FireBird, a portfolio company of Quantum Capital Group, holds approximately 54,000 net acres in the Midland basin adjacent to Continental’s existing operations. Current production is 69% oil, and the acquired assets include 307 gross […]