CNOOC International submitted bids for three blocks – TTDAA 24, TTDAA 25 and TTDAA 30 – while a consortium of STIT Energy and GROUNDPORTS Limited bid on Block TTDAA 5. The bidding round, which closed on 17 September, aimed to attract new investment in the country’s underexplored deepwater acreage.
The company drilled six wells during the first half of the year. They include two successful attempts, Sirius-2 ST2 offshore and Currucutú-1 onshore, and two wells that are under evaluation, Toritos Oeste-1 and Toritos Sur-3.
The engineering, preparation, removal and disposal (EPRD) contract will see Allseas deploy its Pioneering Spirit heavy-lift vessel — the largest in the world — to remove the 33,000-tonne topside and 12,000-tonne upper jacket in two separate campaigns starting later this year.
The international conversation over the future of oil and gas often focuses on demand trends while the factors affecting supply receive considerably less attention. The new IEA report, The Implications of Oil and Gas Field Decline Rates, seeks to rebalance this debate by drawing on previous groundbreaking IEA analysis on decline rates and exploring what has changed. The new analysis draws on production data from around 15 000 oil and gas fields from around the world.
The funding, which falls under the EU’s Global Gateway initiative, is aimed at boosting Namibia’s green hydrogen and ammonia production, as well as infrastructure such as transport networks, electricity grids, port facilities and vocational training.
TotalEnergies SE has signed production sharing contracts (PSCs) for four adjoining exploration blocks spanning about 12,700 square kilometers (4,903.49 square miles) in Liberian waters.
The company increased its ownership in WestOil Limited to 48.5%, giving it a 33.95% indirect working interest in Block 2712A, a 5,484 km² license in the basin’s core. The block sits adjacent to acreage held by Chevron and Pan Continental, strategically positioning Oregen within a high-potential exploration corridor.
In a milestone for Egypt’s upstream sector, ARGAS has purchased 30,000 STRYDE Range+ nodes and the company’s Nimble seismic system, marking the first deployment of nodal technology for onshore seismic acquisition in the country.
He highlighted the contributions of leading industry partners including ExxonMobil, Chevron, ENI, Seplat, FIRST E&P, Oando, TGS, and many others who have demonstrated unwavering commitment to Africa’s upstream story.
Ghana’s President, H.E. John Dramani Mahama, on Tuesday officially opened the Africa Oil Week (AOW) 2025 in Accra, pledging the government’s full support to make the event grow even bigger.