80 Mile PLC, which holds a 30% interest through its subsidiary White Flame Energy A/S, is partnered with March GL, which will fund and operate the upcoming drilling campaign. Preparations are underway for two exploration wells scheduled to begin in second-half 2026, each targeting depths of at least 3,500 m. Halliburton has been contracted to provide drilling services and logistics, with IPT Well Solutions serving as project manager.
The Norwegian Offshore Directorate (NOD) has granted Equinor Energy AS a drilling permit for wellbore 7018/5-2 in production license 1236, located in the Barents Sea on the Norwegian Continental Shelf. The authorization was issued under Section 13 of the Resource Management Regulations, NOD confirmed on October 29, 2025.
Hachichi, who took office in October 2023, has been replaced by Noureddine Daoudi. Daoudi was installed in his new role during an official ceremony by Minister of Hydrocarbons and Mines, Mohamed Arkab.
As the sole contractor delivering such a program in Namibia, TechnipFMC has taken a pioneering role in bridging academia and industry to cultivate the next generation of engineering talent. The program welcomed 25 students from diverse engineering disciplines – including Metallurgy, Electrical, Mining, Chemical, Civil, and Mechanical – with an outstanding 51% female participation, reinforcing our dedication to gender inclusion and workforce diversity.
The Term Facility provides up to $250 million to be used for the repayment of the Company’s outstanding unsecured notes. The Term Facility is structured in two tranches, with the first tranche of $150 million to be drawn at close and used to partially redeem the Company’s outstanding 2026 unsecured notes ($250 million outstanding). A second tranche of $100 million is available for drawing until April 1, 2026. The Term Facility has an interest rate of SOFR + 3.75%, is secured against the Borrower’s assets in the Gulf of America and has a final maturity date of four years after closing.
Total reserves of 113.8 mmboe as of 30 June 2025 compare with total reserves of 128.5 mmboe as of 31 December 2024, both excluding Gabon. The reduction reflects 7.4 mmboe of production and revisions associated with production performance during 1H 2025 of 7.3 mmboe (Jubilee 6.3 mmboe and TEN 1.0 mmboe).
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop the country’s first floating LNG import terminal at the Port of Khor Al Zubair, the company said on Tuesday.
Gabon Oil Company (GOC) is emerging as a key growth engine in Central Africa’s hydrocarbons scene. Through strategic acquisitions, disciplined operations and a renewed exploration drive, the national oil company is positioning itself as both a production stabiliser and a catalyst for future energy expansion.
The company on Wednesday announced a new midterm management plan spanning fiscal years 2026 and 2028, with the goal for dividends to reach 140 yen ($0.92) per share by the end of the period. That compares with its 100 yen dividend for the current fiscal year.
An Aframax tanker carrying Russian crude to India has reversed course soon after leaving the Russian coast and is currently idling in the Baltic Sea, Kpler has reported, as cited by Bloomberg. The crude on board comes from Rosneft, which the U.S. sanctioned a week ago.