Oil and gas minister Clotaire Kondja said on Wednesday that Gabon plans to sign production sharing contracts with ExxonMobil and BP within the next six months, Reuters reports. ExxonMobil declined to comment to Reuters on the minister’s stated timeline, and BP did not respond immediately to a request for comment. Both companies have signed preliminary exploration agreements covering offshore acreage in […]
Sierra Leone has signed an offshore petroleum licence agreement with Nigeria-based Marginal Energy, Reuters reported on Thursday. The licence grants exploration and production rights over offshore blocks G-145, G-146, G-147, G-160 and G-161, which together cover approximately 6,800 square kilometres. Under the terms of the agreement, Marginal Energy has committed to conducting a seismic acquisition […]
Saudi Aramco has let two offshore contracts to Saipem under its existing long-term agreement.
Energean Hellas Ltd. has let a contract to Stena Drilling for a new exploratory drilling campaign in Block 2 in the Northwestern Ionian Sea.The well will be the first deepwater offshore exploration and the first exploratory offshore drilling in Greece since 1981.
Repsol signed an agreement with the Venezuelan Ministry of Hydrocarbons and with state-owned Petróleos de Venezuela (PDVSA) to regain control of operations and increase oil production at Petroquiriquire field under certain conditions.
Saipem has secured two Contract Release Purchase Orders (CPROs) worth around USD 400 million for offshore EPCI work under its long-term agreement with Saudi Aramco, Saipem announced on Wednesday. Under the first of the two contracts, CRPO 154, Saipem will deliver EPCI towards one water injection tie-in platform, two water injection wellheads and approximately 5 kilometres of […]
TotalEnergies SE has made another hydrocarbon discovery in the Moho license in the waters of the Republic of Congo. Well MHNM-6 NFW, which targeted the Moho G structure, “encountered a hydrocarbon column of approximately 160 meters [524.93 feet] in good-quality Albian reservoirs, and an extensive data acquisition and sampling campaign was carried out to support the subsurface interpretation […]
Treasury Secretary Scott Bessent reaffirmed that the US would not renew general licenses that allowed for the temporary sale of certain Russian and Iranian crude.
Chevron Corp has signed an asset swap agreement with Petróleos de Venezuela SA (PDVSA) that allows the United States energy giant to grow its heavy oil position in the South American country’s Orinoco Oil Belt.
Namibia is accelerating petroleum sector reforms as it moves closer to first oil, with policymakers seeking to strengthen the regulatory framework and sustain investor confidence amid rising offshore activity.