Paulino Jerónimo, chairman of ANPG, talks to The Energy Year about the results of Angola’s petroleum concession strategy, the 2026–2030 exploration plan, opportunities in the frontier Benguela and Namibe basins, the development of non-associated natural gas and renewed investor confidence in the country’s oil and gas sector. ANPG is Angola’s national concessionaire for the oil […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday disclosed that bidding for 40 oil and gas blocks under the 2026 licensing round will commence on November 20, 2026. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this at a roundtable discussion titled, ‘Energy Sovereignty in an Interconnected World: Aligning National Priorities, Markets and Global […]
The Petroleum Commission is stepping up efforts to attract fresh investment into Ghana’s upstream petroleum sector, engaging international energy companies as it seeks to convert available petroleum acreage into new exploration and development opportunities. The latest engagement involved senior officials of Galp, an integrated energy company with interests in Ghana’s upstream petroleum industry. The delegation […]
Valeura Energy and partner PTTEP reached FID for the Bussabong gas development in Block G3/65 offshore Thailand. The project is Valeura’s first organic gas development in the Gulf of Thailand and reached FID less than 14 months after the companies established their partnership. The field’s reservoirs, divided into multiple fault-block compartments, have geological similarities to […]
Chevron Corp., Houston, could increase its exploration capital budget by more than $500 million in 2027 as executives look to capitalize on strong commodity markets and build on an organizational shuffle that has centralized and accelerated decision-making. Speaking after Chevron reported its third-quarter results, vice-chairman Mark Nelson told analysts that the company’s opportunities globally are […]
Searah has started gas production from the deepwater Maha field, which can produce 250 MMscfd and connects to the Jangkrik FPU. The field, in the West Ganal block at a water depth of about 1,000 m, comprises two subsea production wells connected to the existing Jangkrik floating production unit (FPU) by about 12 km of […]
ExxonMobil has reached agreement to increase its working interest in the Rovuma LNG project in Mozambique to 50% and in Papua LNG in Papua New Guinea to 34%, the company said in its third-quarter 2026 results on Oct. 30. ExxonMobil already operates Rovuma, and the company said it has assumed operatorship at Papua LNG. The […]
CNOOC Ltd. brought nine new projects on stream in the first three quarters of 2026, and its net production reached 593.7 MMboe, up 2.7% year-on-year and a record for the period. Net production from China rose 1.9% to 408.5 MMboe, mainly on contributions from projects including Kenli 10-2. Overseas net production rose 4.3% to 185.1 […]
TotalEnergies signed agreements with PETRONAS Carigali, PTTEP and KUFPEC to acquire a 30% operated interest in Malaysia’s Lang Lebah and B14 offshore gas fields in Sarawak. The two fields are planned for integrated development, with the project expected to unlock more than 6.5 trillion cubic feet of gas resources, equivalent to over 1 billion barrels […]
TotalEnergies has signed a farm-out agreement to sell a 40% participating interest in offshore block OPL257, Nigeria, to South Atlantic Petroleum Ltd. (SAPETRO). The deal sets up an appraisal campaign on the Egina South field, which TotalEnergies plans to develop as a tie-back to its Egina FPSO. Once the transaction closes, TotalEnergies will hold a […]