CNOOC Ltd said the first three quarters of 2026 delivered the company’s highest-ever net production for the January-September period at 593.7 million barrels of oil equivalent (MMboe), up 2.7 percent from the same period last year. Domestic production accounted for 408.5 MMboe, up 1.9 percent year-on-year, CNOOC Ltd, majority owned by China National Offshore Oil […]
The Malampaya Phase 4 (MP4) project has delivered first gas from the Malampaya East-1 and Camago-3 wells into the existing Malampaya production system offshore Palawan, adding an estimated 222 Bcf of recoverable natural gas reserves. The two new wells were connected to the existing Malampaya production platform through new subsea infrastructure, and the investment totaled […]
KBR, a leading provider of technology and engineering solutions, has announced that it has been awarded a major contract by AKT Oil Services Company to provide detailed engineering design services for the West Qurna-1 Low-Pressure Gas Capture Project in Iraq. The project is part of Basrah Gas Company’s (BGC) multi-billion-dollar programme to expand gas capture […]
STAK Energy Corp. and ExxonMobil Alaska Production Inc. have signed a 15-year gas sale agreement to supply natural gas to a new power plant on Alaska’s North Slope. The deal completes a process that began with a gas sale precedent agreement in January, and it opens a new commercial outlet for North Slope gas that […]
Harbour Energy averaged a record 501,000 boed over the first nine months of the year, up 6 percent from a year earlier, and lifted full-year production guidance to 500,000-505,000 boed from 490,000-500,000 boed on strong operational performance and the integration of LLOG in the U.S. and Waldorf in the UK. Third-quarter production was 484,000 boed, […]
The African Energy Bank (AEB) has formally commenced operations to finance oil and gas projects across the continent. With authorised capital of $5 billion (around R82 billion). the institution reaffirms African governments’ determination to secure their own energy future, the African Export–Import Bank (Afreximbank) said in a statement. Established by Afreximbank and the African Petroleum […]
Mubadala Energy aims to double its production over the next decade, with natural gas accounting for about 70 percent of its portfolio, Acting Chief Executive Officer Adnan Bu Fateem said. In statements to the Emirates News Agency (WAM) on the sidelines of ADIPEC 2026, Bu Fateem said the company’s priority was to translate its strategy […]
Egypt aims to quadruple gas production at the Obaiyed H-18 well to about 12 million cubic feet per day, up from about 3 million, through multistage hydraulic fracturing, Minister of Petroleum and Mineral Resources Karim Badawi said. Badawi outlined the target while inspecting operations at the well in the Western Desert’s Obaiyed field, operated by […]
The Oil and Gas Corporation of Newfoundland and Labrador (OilCo) has won two parcels in the Orphan basin in the Canada-Newfoundland and Labrador Offshore Energy Regulator (C-NLOER) 2026 Calls for Bids, which closed Nov. 4. The province’s energy corporation plans to bring in industry partners through negotiated farm-downs. The two parcels cover about 545,021 ha […]
The UK government has introduced legislation that would end new oil and gas exploration licences in the North Sea while creating a mechanism to support continued production from existing offshore developments. The Energy Independence Bill would remove the North Sea Transition Authority’s power to issue new licences for exploring previously unlicensed oil and gas fields. […]