Vår Energi has taken final investment decision (FID) on the Gjøa Subsea Projects and, together with its partners, submitted the Plan for Development and Operations (PDO) for the Ofelia and Gjøa Nord developments to Norway’s Ministry of Energy.
Iraq stepped up its push for bigger OPEC production quotas as it seeks to recoup oil sales that were lost because of the Iran war, even raising the prospect that it could consider an exit in the future.
Equinor and its partners have submitted a proposed environmental impact assessment (EIA) program for the Wisting development in the Barents Sea, marking another step toward a potential final investment decision on Norway’s largest undeveloped oil discovery.
ONGC has expanded its technical services partnership with bp by awarding the company a new contract to support production optimization across India’s Western Offshore basin, the country’s largest producing offshore region.
Baker Hughes has been awarded a contract by Azule Energy to provide subsea production systems for the Greater PAJ development offshore Angola, expanding the company’s role in one of the country’s largest new deepwater projects.
London-based Tower Resources has received final approval from the Namibia Ministry of Industries, Mines and Energy to complete the farm-out of the PEL96 offshore licence to Prime Global Energies, Tower Resources announced on Thursday.
Ghana is set to drill its first exploration well in the Voltaian Basin between the fourth
quarter of 2026 and the first quarter of 2027, the Chief Executive Officer of the
Petroleum Commission, Emeafa Hardcastle, has disclosed.
The contract includes detailed engineering, fabrication, and transportation of structures for the Mako project, which aims to produce and deliver gas to the Indonesian domestic market at an estimated capex of $320 million.
Wellesley Petroleum and its partners have confirmed a gas and condensate discovery at the Carmen prospect in the Norwegian North Sea following the completion of appraisal well 35/10-16 S.
Venezuela is attracting renewed interest from global oil majors after sweeping reforms opened its energy sector, but rebuilding its corroded infrastructure will require more than $100 billion and at least a decade, OilPrice.com reported.