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.
US President Donald Trump has asked for at least $100bn (£75bn) in oil industry spending for Venezuela, but received a lukewarm response at the White House as one executive warned the South American country was currently “uninvestable”.
US President Donald Trump has asked for at least $100bn (£75bn) in oil industry spending for Venezuela, but received a lukewarm response at the White House as one executive warned the South American country was currently “uninvestable”.
TechnipFMC (London, England) added another line to its U.S. deepwater roster after BP plc (London) awarded it an engineering, procurement, construction and installation contract for the Tiber offshore oilfield development in the U.S. Gulf of Mexico. The project joins a list that includes work for Cenovus Energy Incorporated (Calgary, Alberta) and Shell plc (London) on some of those companies’ heaviest deepwater investments. Industrial Info is tracking more than $17 billion worth of active and proposed projects featuring TechnipFMC’s services worldwide.
Yinson Production, the Singapore-based unit of Malaysian energy infrastructure group Yinson Holdings, will open an office in Namibia in January 2026 to tap into the country’s burgeoning oil and gas sector.
Italy’s Eni has completed the sale of a 49.99% stake in its carbon capture subsidiary Eni CCUS Holding to Global Infrastructure Partners, the company said on Thursday.