Wellesley Petroleum and its partners have confirmed a gas and condensate discovery at the Carmen prospect in the Norwegian North Sea following the completion of appraisal well 35/10-16 S.
Venezuela is attracting renewed interest from global oil majors after sweeping reforms opened its energy sector, but rebuilding its corroded infrastructure will require more than $100 billion and at least a decade, OilPrice.com reported.
Italian offshore contractor Saipem and offshore contracting giant TechnipFMC have been awarded work on the greenlit Greater PAJ project offshore Angola by Azule Energy, Eni and BP’s joint venture.
The Trump administration is proposing to relax rules to make it easier for companies to drill for oil and gas on public lands.
Billions of dollars in investments are flowing into Greece’s energy sector as the country tries to establish itself as a vital energy transit hub for Central, Eastern, and Southeastern Europe as the European Union prepares to completely phase out Russian gas imports by 2027.
Partners in the Carmen discovery offshore Norway have confirmed the gas-condensate accumulation through an appraisal well that increased confidence in a resource estimated at 21 MMboe to 107 MMboe recoverable.
Perenco Vietnam has signed a Gas Sales and Purchase Agreement (GSPA) for the Su Tu Trang Phase 2B development on Block 15-1 offshore Vietnam, marking a key milestone for a project expected to supply more than 600 Bcf of natural gas over its producing life.
Offshore communications provider Tampnet has secured contracts to deliver subsea fiber and 5G connectivity for two deepwater developments in the U.S. Gulf, supporting increased digitalization and remote operations across the region.
GNPC Explorco and Tamale Technical University (TaTU) have institutionalised a strategic partnership aimed at bridging the gap between the upstream petroleum industry and academia.
Libya reached its highest daily production since 2013, recording 1.44 million barrels per day (MMbpd) on Sunday, the National Oil Corp (NOC) said.