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Somalia Set To Begin First Ever Offshore Oil Drilling In April

Oil & Gas | intent | April 7, 2026 | Comment off

Somalia is on the verge of embarking on its first-ever offshore oil drilling operation, marked by the arrival of the Turkish drillship Çagir Bey in Somali waters on Friday. The Turkish Petroleum Corporation’s deep-water drilling vessel will conduct its first international mission off the Somali coast, and is expected to begin drilling at the Curad-1 well in the current month. Seismic data suggests Somalia’s offshore basins could hold between 30 billion and 40 billion barrels of oil and gas equivalent.

MODEC advances fuel cell pilot for floating oil platform

Oil & Gas | intent | March 31, 2026 | Comment off

JAPANESE floating oil platform developer MODEC has signed an agreement to scale up its pilot fuel cell project, tripling planned power output for a floating production, storage and offloading vessel (FPSO).

Venture Global and Edison put LNG arbitration battle behind them

Oil & Gas | intent | March 31, 2026 | Comment off

Venture Global and Edison have confirmed the signing of a commercial agreement for the settlement of the pending arbitration between the two companies concerning the Calcasieu Pass project, with completion expected by the end of Q2 2026, at which point the arbitration will be terminated.

TechnipFMC Empowering STEM Education Together in Mozambique

Oil & Gas | intent | March 31, 2026 | Comment off

TechnipFMC has partnered with local educators and community leaders in Pemba, Mozambique to strengthen STEM and digital literacy by equipping five primary schools with computers that support classroom learning and school operations.

SLB Industrializes AI for the Energy Industry with NVIDIA

Oil & Gas | intent | March 31, 2026 | Comment off

Global energy technology company SLB (NYSE: SLB) today announced an expansion of its technology collaboration with NVIDIA to design and deploy critical AI infrastructure and models for the energy industry.

Yinson records steady Q4’FY2026 earnings supported by growing operational contributions

Oil & Gas | intent | March 31, 2026 | Comment off

Yinson Holdings Berhad (“Yinson”, the “Company” or the “Group”), a global energy infrastructure company, today announced its financial results for the fourth quarter ended 31 January 2026 (“Q4’FY2026”).

Venture Global and Vitol shake hands on multi-year LNG deal

Oil & Gas | intent | March 31, 2026 | Comment off

This binding agreement for the purchase of approximately 1.5 million tonnes per annum (mtpa) of U.S. LNG from Venture Global for five years is set to begin in 2026. The LNG will be supplied from the American player’s portfolio.

Pecan Announces New Group CEO

Oil & Gas | intent | March 31, 2026 | Comment off

Pecan Energies is happy to announce that its Senior Vice President, Subsurface and Drilling & Wells, Ifor Roberts, is assuming a new role as the company’s Acting Group Chief Executive Officer.

Kosmos Energy Announces Sale of Equatorial Guinea Production Assets to Panoro Energy for up to $219.5 Million

Oil & Gas | intent | March 31, 2026 | Comment off

Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) has entered into an agreement to sell its 40.375% non-operating working interest in the Ceiba Field and Okume Complex production assets offshore Equatorial Guinea to Panoro Energy (“Panoro”) for $180 million, plus future contingent payments of up to $39.5 million.

Tullow Receipt of Tranche B payment for sale of Kenya assets

Oil & Gas | intent | March 31, 2026 | Comment off

Tullow Oil plc (Tullow) is pleased to announce it has received $36 million proceeds of the Tranche B payment, under the terms of the Sale and Purchase Agreement (SPA) announced on 21 July 2025 for the sale of its entire working interest in Kenya to Auron Energy E&P Limited, an affiliate of Gulf Energy Limited.

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