Energean Hellas Ltd. has let a contract to Stena Drilling for a new exploratory drilling campaign in Block 2 in the Northwestern Ionian Sea.The well will be the first deepwater offshore exploration and the first exploratory offshore drilling in Greece since 1981.
Repsol signed an agreement with the Venezuelan Ministry of Hydrocarbons and with state-owned Petróleos de Venezuela (PDVSA) to regain control of operations and increase oil production at Petroquiriquire field under certain conditions.
Saipem has secured two Contract Release Purchase Orders (CPROs) worth around USD 400 million for offshore EPCI work under its long-term agreement with Saudi Aramco, Saipem announced on Wednesday. Under the first of the two contracts, CRPO 154, Saipem will deliver EPCI towards one water injection tie-in platform, two water injection wellheads and approximately 5 kilometres of […]
TotalEnergies SE has made another hydrocarbon discovery in the Moho license in the waters of the Republic of Congo. Well MHNM-6 NFW, which targeted the Moho G structure, “encountered a hydrocarbon column of approximately 160 meters [524.93 feet] in good-quality Albian reservoirs, and an extensive data acquisition and sampling campaign was carried out to support the subsurface interpretation […]
Treasury Secretary Scott Bessent reaffirmed that the US would not renew general licenses that allowed for the temporary sale of certain Russian and Iranian crude.
Chevron Corp has signed an asset swap agreement with Petróleos de Venezuela SA (PDVSA) that allows the United States energy giant to grow its heavy oil position in the South American country’s Orinoco Oil Belt.
Namibia is accelerating petroleum sector reforms as it moves closer to first oil, with policymakers seeking to strengthen the regulatory framework and sustain investor confidence amid rising offshore activity.
U.S. officials are pressing domestic oil producers to increase output as disruptions in the Strait of Hormuz tighten global supply and push crude prices higher.
Transocean has been awarded a $158 million contract for its Deepwater Asgard drillship to support a five-well campaign in the Eastern Mediterranean.
Assala Gabon has achieved first oil at the Grand N’Gongui (GNG) field, marking a key milestone in the development of onshore resources in Gabon.