TGS has signed an agreement with Equatorial Guinea’s Ministry of Hydrocarbon and Mining Development to create the country’s first offshore large-scale multi-client seismic dataset, the company said on Wednesday.
QatarEnergy has announced an oil discovery with encouraging results from the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 0039), offshore Namibia. Merlin-1X is the tenth well drilled under the licence and has delivered the most promising subsurface results to date, with good reservoir quality, light oil and limited associated gas. Commenting on the discovery, His Excellency […]
Ghana’s petroleum upstream regulator, the Petroleum Commission, and Liberia’s Petroleum Regulatory Authority (LPRA) have signed a Memorandum of Understanding (MoU) to strengthen regulatory cooperation, knowledge sharing, and stakeholder engagement between the two institutions.
Eni SpA said it has signed long-term agreements for the sale of natural gas produced from its operated projects in Indonesia’s Kutei Basin and liquefied at the existing Bontang facility.
Two supertankers loaded with crude oil exited the Strait of Hormuz today and are heading to China, Reuters reported, citing data from LSEG and Kpler.
Norwegian offshore oil production significantly exceeded expectations in April, with total liquids output climbing to 2.158 million barrels per day — 6.7% above official forecasts — as Europe grows increasingly dependent on a stable North Sea energy supply in an increasingly fragile global market.
Saudi Arabia is importing more fuel oil than before, to use in power generation as its natural gas production reverses direction and declines, Reuters has reported, citing Rystad Energy.
QatarEnergy has increased its participation in Uruguay’s offshore upstream sector with the acquisition from Shell subsidiary BG International of a non-operated interest in Block OFF-4, QatarEnergy announced on Wednesday.
Taimi Nangula Itembu, co-founder and executive director of Zephyr Marine Services, talks to The Energy Year about positioning the company to capture business from Namibia’s offshore boom and investing in capabilities to participate in the full oil and gas project lifecycle.
EIG’s MidOcean Energy has secured a $120 million equity commitment from The Arab Energy Fund (TAEF), toward a $2 billion investment target from newcomers.