Maritime Developments Ltd. (MDL) has completed a deepwater subsea umbilicals, risers and flowlines (SURF) decommissioning campaign in Brazil’s Campos basin, recovering infrastructure associated with a decommissioned FPSO. The campaign was carried out approximately 250 km east of Rio de Janeiro from a multipurpose vessel already under charter by the field operator. The scope included recovery […]
LEKOIL has outlined a long-term ambition to build production capacity of 100,000 barrels per day across its portfolio, supported by increased production, further exploration, gas commercialisation and strategic partnerships. The company presented its growth strategy at Africa Oil Week (AOW) 2026 in Accra, where it participated as Platinum Sponsor and engaged government officials, investors, operators […]
The Ghana National Petroleum Corporation (GNPC) says it has identified potential stranded resources of more than one billion barrels of oil and 2.5 trillion cubic feet of gas in the Tano Basin. The Corporation says the resources could help boost Ghana’s declining petroleum production if existing infrastructure is leveraged to develop them commercially. Senior Geomatic […]
Texas Railroad Commissioner Wayne Christian voted against ExxonMobil’s Rose carbon capture and storage (CCS) permit on Tuesday, raising concerns about the project’s long-term safety and questioning the economics and purpose of government-supported carbon storage. The Railroad Commission of Texas approved the permit in a 2–1 vote. The Rose project in Jefferson County calls for three […]
Post Oak Energy Capital-backed Ichthys Energy Partners has completed the sale of a portion of its Permian basin assets to multiple buyers while retaining its core position in New Mexico’s Northern Delaware basin. Terms of the transactions and the identities of the buyers were not disclosed. Dallas-based Ichthys focuses on aggregating and developing upstream […]
U.S. Steel has received the final air permit needed to advance construction of a $475 million quench-and-tempering facility in Alabama designed to expand tubular capacity for major U.S. oil and gas basins. The new facility at U.S. Steel’s Fairfield Tubular Operations will add in-house capacity for heat-treated tubular products used in oil and gas […]
Valeura Energy has received Thai government approval for its farm-in to two PTTEP blocks in the Gulf of Thailand, giving the company a 40% working interest in the offshore acreage. Thailand’s Cabinet approved the transfer of interests in Blocks G1/65 and G3/65 from PTTEP Energy Development Co., a subsidiary of PTT Exploration and Production (PTTEP), […]
Borr Drilling has agreed to divest its 51% equity interest in Mexican joint venture Perfomex to its longtime local partner while retaining ownership of three jackup rigs currently working for Pemex. Following the transaction, Borr’s local partner will become the sole owner of Perfomex and assume responsibility for managing and operating the Galar, Gersemi […]
Halliburton has secured a multi-year contract from Eni to provide integrated drilling, well construction and completions services for the Cronos ultra-deepwater gas development offshore Cyprus. The contract covers exploration and development wells in Block 6 of Cyprus’ Exclusive Economic Zone in the Eastern Mediterranean. Halliburton will provide bundled well services designed to streamline execution […]
TotalEnergies and Mistral have launched a three-year, more than $115 million artificial intelligence program aimed at developing advanced models for oil and gas exploration, reservoir characterization and field development. The partnership will combine TotalEnergies’ subsurface data and nearly a century of geoscience and reservoir engineering expertise with Mistral’s artificial intelligence capabilities, including agentic AI. […]