Offshore drilling services provider Valaris Limited has secured more work for two of its units. The company said in a media release it has secured a 940-day contract extension for drillship Valaris DS-16, starting in June 2026. It has also secured a new 914-day contract for drillship Valaris DS-18, expected to start in the mid-fourth quarter 2026, with Anadarko Petroleum Corp., a wholly-owned subsidiary of Occidental, in the Gulf of America.
Petronas said in a media release the event marked a significant milestone in Sabah’s energy growth with the official handover of the Sabah Gas Strategy, a project led jointly by Petronas and the state government. Guided by the Sabah Joint Coordination Committee, the strategy was crafted by a Joint Task Force including Petronas, SMJ Energy Sdn. Bhd., Sabah Energy Corp. Sdn. Bhd., the Energy Commission of Sabah, and the Ministry of Industrial Development and Entrepreneurship.
“This agreement reflects our strong interest in deepening our partnership with NOC and supporting the future of Libya’s energy sector,” said BP Executive Vice President of Gas and Low Carbon Energy William Lin. “We hope to apply BP’s experience from redeveloping and managing giant oil fields around the world.”
“Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters)”, the United States energy giant said in a press release February 28, 2019.
Shell’s sprawling but secretive in-house trading business is often one of its biggest profit boosters, and Chief Executive Officer Wael Sawan said in March that its traders haven’t lost money in a single quarter over the past decade. Yet recent price swings have been hard to navigate, with crude whipsawed by US President Donald Trump’s trade war, OPEC+ policy and Israel’s attacks on Iran.
The Ministry, together with the Petroleum Commission and GNPC, will provide regulatory oversight and support to ensure the development process is efficient and aligned with national interests. Further technical and commercial evaluations are expected to help shape a mutually beneficial development framework for the Eban-Akoma project.
“The Ministry, working closely with the Petroleum Commission and GNPC, will continue to provide the necessary oversight and support to ensure that the development of the Eban-Akoma project is conducted efficiently and in alignment with government priorities. Further technical and commercial evaluations will be undertaken to finalize a development framework that is mutually beneficial and aligned with Ghana’s long-term energy strategy,”Mr Rockson added.
The IRDP said prices of other fuels, including gasoline and liquefied-petroleum gas, will remain unchanged in Angola, Africa’s third-largest oil producer. The IMF said in February that Angola should do more to eliminate subsidies that cost about $3 billion last year — similar to the amount the government spent on health and education last year.
“Entrenucleos is a landmark project for Plenitude – not only because it contributes to our growth objectives in Spain, but also because it reflects our deep and ongoing commitment to Andalusia, a region that plays a key role in the country’s renewable energy landscape”, Mariangiola Mollicone, Head of Renewables in Western Europe and Managing Director of Plenitude Renewables Spain, said. “With this project, we now have a portfolio of around 580 MW under construction in the region, and we look forward to continuing to invest in sustainable energy solutions that bring long-term value to local communities”.
The 27-member bloc imported a total of 69 billion cubic meters (2.44 trillion cubic feet) of gas in the January-March period, down two percent quarter-on-quarter and year-on-year. Pipeline gas accounted for 55 percent or 38 Bcm while liquefied natural gas (LNG) contributed 45 percent or 31 Bcm, according to the Commission’s latest quarterly gas market report.