American oil major Chevron Corporation has signed agreements with the Angolan government that will allow it to commence exploration at two of its blocks off the Atlantic coast.
TGS will manage and license Tanzania’s offshore subsurface data under an agreement with the country’s Petroleum Upstream Regulatory Authority.
Previous exploration has proven various plays, TGS said, across much of the stratigraphy offshore, from early Cretaceous to Miocene reservoirs.
As oil majors return to offshore exploration, West Africa’s deepwater has become a key drilling target for some of the biggest international companies.
The Supreme Court has ruled a local council should have considered the full climate impact of burning oil from new wells – a landmark decision which could put future UK oil and gas projects in question.
wners of a US$10-billion liquefied natural gas (LNG) project that has stalled with the bankruptcy of its main contractor are asking a court to immediately oust Zachry Indus-trial from the project, a court filing showed.
Woodside Energy has awarded DeepOcean a contract to provide subsea inspection, maintenance and repair services for the Sangomar field located offshore Senegal, DeepOcean announced on Wednesday.
Technip Energies, through its joint-venture TKJV LLP with KPSP, announced the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak oil and gas field onshore northwest Kazakhstan.
The Iranian Oil Ministry has signed four contracts worth $2 billion, including agreements to develop two oil fields.
A decade after its peak, the oil and gas industry is welcoming a new investment boom, with exploration and production (E&P) activities heating up globally again.
Under supportive policies, investment in domestic offshore energy sectors such as oil and gas, offshore wind, hydrogen, and carbon capture and storage technology could surge by more than 50%, rising from approximately £13 billion last year to over £20 billion by the early 2030s, according to a new report