Senegal is moving to expand its oil and gas sector with a US$100 million onshore exploration campaign, led by the state-owned company Petrosen, following the revocation of licenses from operators who had made little or no progress on their concessions.
Aker BP ASA started oil production from the Solveig Phase 2 development in production license (PL) 359 in the North Sea.
OPEC and its allies (OPEC+) agreed on Sunday, Feb. 1, to keep oil production levels unchanged for March, reaffirming earlier decisions amid heightened geopolitical uncertainty and firmer crude prices.
Essar Oil and Gas Exploration & Production (EOGEPL) is planning to invest $100m (Rs9.15bn) in a new drilling initiative at its Raniganj East coal bed methane (CBM) block in the Indian state of West Bengal, reported the Economic Times.
Equinor has reached an agreement to sell its onshore assets in Argentina’s Vaca Muerta basin to Vista Energy for approximately $1.1bn (Nkr10.61bn).
Equinor Brasil Energia has opted for a one-year contract extension with Seadrill for the ultra-deep-water drill-ship West Saturn.
Rex International Holding has announced that its indirect subsidiary, Akrake Petroleum, has completed drilling the AK-2H production well in the Sèmè Field, offshore Benin, West Africa.
As Europe accelerates its industrial decarbonisation agenda, offshore carbon capture and storage (CCS) is moving from pilot initiatives to full-scale infrastructure development. The focus is shifting towards integrated transport and storage systems capable of handling millions of tonnes of carbon dioxide (CO₂) annually.
Shell subsidiary ShellBrasil Petróleo has entered into an agreement with the Kuwait Foreign Petroleum Exploration Company (KUFPEC) to divest a 20% interest in the Orca Project.
Italian oil and gas company Eni and Kuwait Petroleum Corporation’s (KPC) Q8 Italy business have announced plans to construct a biorefinery in Priolo, Sicily.