Shell has awarded Vallourec a major contract to supply OCTG products and services for Brazil’s Orca offshore development, Vallourec said on Monday.
Navitas Petroleum has signed a non-binding memorandum of agreement to farm in to the PL001 licence in the North Falklands basin, a block located adjacent to the Sea Lion development.
The proposed transaction was signed with JHI Associates, which holds the licence and in which Eco Atlantic Oil & Gas has a 6.6% interest. Under the terms of the agreement, Navitas would acquire a 65% working interest in PL001, expanding its footprint in the South Atlantic basin.
Petroliam Nasional Bhd. has filed a motion with Malaysia’s apex court to determine its right to operate in the nation’s largest state, Sarawak, threatening to extend a dispute over gas assets that has dragged on for over a year.
Egypt has announced discoveries at four exploration wells in the Western Desert as the North African country looks to boost oil and gas production and cut dependence on imports.
Akrake Petroleum Benin S.A. expects to begin oil production at the Sèmè field offshore Benin by late January 2026, following completion of drilling operations in the reservoir section of the AK-2H horizontal production well.
President Trump has removed legislative protections from the Biden presidency that restricted oil and gas exploration in Alaska, including the Arctic National Wildlife Refuge and federal lands in the state.
SLB has signed a strategic agreement with Shell to co-develop AI and digital solutions targeting performance gains in US upstream operations, the company said on Thursday.
In a blog posted on GasBuddy’s website this week, the company outlined that the average U.S. gasoline price reached a “fresh multi-year low”.
Oil closed at the lowest since October, weighed down by earlier losses in equities.
Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how Latin America’s largest crude producer can confound OPEC efforts to micromanage the market.