Valaris has secured a multi-year contract from Shell for the drillship VALARIS DS-8 for operations offshore Brazil, the company said on Wednesday.
Petroleum Development Oman (PDO) has signed a 15-year agreement with Kuwait’s SPETCO to develop the Budour Tayseer Gas Project in Oman, local media reported on Thursday.
France’s Maurel & Prom and Norway’s BW Energy have signed an agreement to acquire Azule Energy’s stakes in two producing offshore blocks in Angola, the companies said on Friday.
Several international energy companies are expected to join the MSGBC region’s upstream market in the coming months, as operators target exploration opportunities in The Gambia, Guinea-Bissau and Guinea-Conakry. Speaking at the MSGBC Oil, Gas & Power 2025 conference this week, Ben Sayers, Partner & Energy Specialist, GeoPartners, explained that the south of the MSGBC region has not yet heralded a major discovery, but expected forays by international companies could potentially turn this trend around.
The UK government has released a five-year plan that essentially doubles down on efforts to reduce emissions of carbon dioxide as a top priority in the energy space.
Eni SpA’s renewables arm Plenitude has signed a binding deal to buy power and gas utility Acea Energia SpA, part of Italy’s Acea SpA.
Turkiye’s state-owned BOTAS has signed separate 10-year agreements for the supply of liquefied natural gas (LNG) from SEFE Securing Energy for Europe GmbH and Eni SpA.
The oil and gas exploration company focused on the offshore Atlantic Margins, announces the Company has entered into a binding Framework Agreement, the Orinduik Option and the Block 1 CBK Option with Navitas Petroleum LP (“Navitas”), an international oil and gas exploration and production partnership with a portfolio of established North American and Falkland Islands oil and gas assets (the “Strategic Partnership”).
Market traders within the La Nkwantanang-Madina Municipal Assembly have called for an increased government stake in Ghana’s upstream petroleum sector to enhance the benefits accruing to citizens.
Energy analysts are firmly backing government’s decision to explore a restructuring or possible acquisition of Springfield Exploration and Production’s interest in the West Cape Three Points Block 2 (WCTP-2), describing the indigenous company’s investment record as “one of the boldest bets ever made by a Ghanaian firm in the upstream sector.