Dialog Group Bhd has commenced commercial gas production from the Salbiah Gas Field under the Baram Junior Cluster production sharing contract (PSC) offshore Sarawak, while approving an additional US$211 million investment to develop the nearby Fatimah Gas Field. The group also announced that it had reached a final investment decision (FID) for the Fatimah Gas […]
Valeura Energy and partner PTTEP reached FID for the Bussabong gas development in Block G3/65 offshore Thailand. The project is Valeura’s first organic gas development in the Gulf of Thailand and reached FID less than 14 months after the companies established their partnership. The field’s reservoirs, divided into multiple fault-block compartments, have geological similarities to […]
CNOOC Limited has drilled and discovered a high-yield volcanic oil and gas well in ultra-deep formations over 5,000 meters deep in Bohai, marking a major breakthrough in ultra-deep natural gas exploration offshore China. The well is located in central Bohai, adjacent to the Bozhong Sag, the largest hydrocarbon-rich sag in Bohai. It encountered a cumulative total […]
US-based Murphy Oil has signed four production sharing contracts (PSCs) covering approximately 2.6 million acres offshore Cameroon. The contracts cover the Elombo, Etinde Exploration, Ntem and Tilapia blocks. Murphy Oil, acting through a subsidiary, will begin with 100% working interest and will serve as operator for all four blocks. The deals give Cameroon’s National Hydrocarbons […]
Eco (Atlantic) Oil & Gas has completed the farm-down of a 60% participating interest in its three offshore Namibia exploration licenses to bp, which has taken over as operator. The deal closed after Namibia’s minister of industries, mines and energy signed the transfer and renewal deeds on Nov. 9, moving the licenses into their next […]
President John Dramani Mahama has announced that Ghana is expected to save approximately $3.5 billion over the remaining life of the Offshore Cape Three Points field following a renegotiated gas sales agreement with ENI. According to the President, the revised agreement is expected to reduce the average price of gas supplied under the arrangement by […]
ADNOC Drilling has received letters of award from Kuwait Oil Co. (KOC) for two high-specification offshore jackup rigs, with a combined maximum value of about $313.6 million (KWD 96.6 million). The awards, approved by Kuwait Petroleum Corp.’s Higher Procurement Committee, mark ADNOC Drilling’s entry into offshore Kuwait and its first offshore rig operations outside the […]
Vaalco Energy Inc., Houston, has been granted government approval to begin the second exploration phase at Block CI-705, offshore Côte d’Ivoire. News comes following encouraging results following completion of the first exploration phase work commitments, which included the evaluation and interpretation of existing seismic and well data, the company said in a release Nov. 9. […]
The Canada-Newfoundland and Labrador Offshore Energy Regulator’s (C-NLOER) 2026 Calls for Bids drew 10 successful bids totaling more than C$260 million in work commitments, with more than 2 million ha (4.9 million acres) of acreage awarded. The results were released Nov. 4. Industry association Energy NL said the round shows offshore Newfoundland and Labrador will […]
The Malampaya Phase 4 (MP4) project has delivered first gas from the Malampaya East-1 and Camago-3 wells into the existing Malampaya production system offshore Palawan, adding an estimated 222 Bcf of recoverable natural gas reserves. The two new wells were connected to the existing Malampaya production platform through new subsea infrastructure, and the investment totaled […]