Repsol SA said Thursday it had signed a deal with Venezuela on the terms of a renewed partnership that would see the Spanish company increase its oil production in the South American country.
Algeria’s ALNAFT on Sunday launched the Algeria Bid Round 2026, offering seven exploration blocks to attract foreign investment and raise hydrocarbons output, Reuters reported on Sunday.
Days after saying it would not extend a sanction waiver for Russian crude sold to Indian refiners, the U.S. Treasury Department changed its mind and extended the waiver for two weeks until mid-May.
The Strait of Hormuz is once again at the center of escalating geopolitical tensions, with Iran moving to restrict vessel traffic amid an ongoing U.S. naval blockade.
Oil prices climbed sharply in early Asian trade on Monday, as the U.S. Navy intercepted an Iranian vessel it accused of attempting to break its blockade. The seizure reignited fears of a major escalation in the conflict and a prolonged disruption in the Strait of Hormuz.
Nigeria supplied about 68 per cent of the total gas volumes transported through the West African Gas Pipeline (WAGP) since its inception in 2011, as cumulative deliveries hit 613.7 million MMBtu, reinforcing the country’s dominant position in regional energy supply.
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 […]