Total’s South African unit expects to drill as many as seven wells in the Deep Western Orange Basin in waters about 211 km (131 mi) off the coastal town of Saldanha Bay, according to SLR Consulting, an independent environmental assessment company. A draft environmental assessment is available for public comment until Sept. 10.
Norway has started to plan its 26th oil and gas licensing round in little explored frontier areas as it looks to boost exploration and resources to stem an expected decline in production from the early 2030s.
In one of his more controversial decisions last week, President Trump said the U.S. would impose an additional 25% on many Indian imports—because of India’s imports of Russian crude oil. The news lifted oil prices, and Indian refiners suspended their Russian oil orders.
Despite returning to a profit for the second quarter of the year, Petrobras dashed hopes of an extraordinary dividend for this year amid lower oil prices and higher investments into production expansion.
The South American country of Guyana has recently emerged as a world-recognized oil-producing nation. This occurred due to ExxonMobil’s string of world-class discoveries in offshore Guyana, starting with the 2015 Liza-1 wildcat well, drilled 118 miles northeast of the capital, Georgetown, in the 6.6 million-acre Stabroek Block.
Global refining is at a crossroads, as shifting regional demand, mounting sustainability pressures and heightened energy security concerns reshape the industry. Rystad Energy’s research shows that even though there are fewer refineries today, overall refining capacity has grown to keep up with the rising volume of oil that needs processing.
The Barents Sea oilfield, Norway’s northernmost, reached peak production less than three months after start-up, with oil cargoes worth up to USD 46 million departing every few days. Norwegian suppliers provide 95% of operational deliveries.
Cheniere Energy, Inc. subsidiary Cheniere Marketing LLC has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement with JERA Co. Inc.
Valmet has signed a nationwide agreement with Petrobras (Petróleo Brasileiro S.A.) for the supply of spare parts of Neles™ valves, actuators, and positioners across all Petrobras operational units, including oil and natural gas exploration, production, refining, commercialization, and power generation.
Vantage Drilling International Ltd. has completed its sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by Vantage Drilling and 75% by TotalEnergies.