Rhino Resources has confirmed a connected oil-bearing reservoir at the Capricornus discovery offshore Namibia, advancing the appraisal of the field and providing further evidence of reservoir continuity across the accumulation, the company said on Tuesday. The Capricornus-1A appraisal well was drilled on Block 2914 in the Orange Basin and intersected a gross reservoir interval of […]
Matthew Tremblay, senior vice-president of global offshore markets at the American Bureau of Shipping (ABS), talks to The Energy Year about transitioning to goal-based standards to help ensure the safe adoption of innovative equipment. The American Bureau of Shipping is a ship classification society based in the US. Offshore investment is concentrated on assets to […]
Shell has agreed to sell its interests in the Na Kika platform and Coulomb field in the Gulf of America/Mexico to subsidiaries of Talos Energy and Ridgewood Energy in a transaction valued at $1.7 billion. The deal includes Shell’s 50% non-operated working interest in the Na Kika platform and associated fields, along with its 100%-owned Coulomb subsea tieback. The transaction is expected to […]
SLB has been awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley (AIV) initiative, supporting the deployment of advanced technologies across the country’s upstream oil and gas sector. The agreement makes SLB the first technology partner selected under KOC’s flagship innovation program, which is designed to accelerate applied research, digital transformation and technology […]
US negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official, as the countries seek to ease tensions in the wake of recent attacks that imperiled an already fragile ceasefire. The two Americans were in Doha as […]
India’s state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, and will lean more heavily on alternative options including through spot-market purchases, according to people familiar with the matter. Processors are seeking to trim the volume they buy from producers in the Middle East under […]
Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter. The Houston-based shale producer is poised to win the auction for the driller backed by private equity firms Warburg Pincus and Kayne […]
Shell Plc expects global liquefied natural gas flows to be little changed this year—after more than a decade of growth—if shipping through the Strait of Hormuz returns to normal this summer. However, under an alternative scenario, published in Shell’s LNG Outlook 2026 released on Tuesday, LNG supply could see a rare annual contraction if Hormuz […]
The UAE’s biggest oil company is proposing a new pricing methodology for the sale of crude supplies to term customers, said people with direct knowledge of the matter, opting for an approach that’s more aligned with wider regional trading norms. Abu Dhabi National Oil Co.’s crude-marketing team has spoken with refiners and traders about the […]
Nigeria has discovered a major polymetallic deposit in Kaduna State containing nickel, copper, gold, platinum group metals, and rare earth elements. The government is accelerating mining sector reforms, requiring local mineral processing, revoking thousands of inactive mining licenses, and attracting major Chinese investment in lithium processing to boost domestic value creation. Despite the mining boom, […]