London-based Tower Resources has received final approval from the Namibia Ministry of Industries, Mines and Energy to complete the farm-out of the PEL96 offshore licence to Prime Global Energies, Tower Resources announced on Thursday.
Quinton Gero, head of business development in Africa for Fugro, talks to The Energy Year about Africa’s deepwater exploration outlook and rising demand for data, remote technologies and risk mitigation in offshore projects.
In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude, Bloomberg reported today, citing unnamed trading sources.
Petronas has made its eighth gas discovery in Suriname’s offshore Block 52, bringing the estimated resources held in the block to more than 1 billion boe, Reuters reported on Tuesday.
Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA) has awarded a development and production concession to an ADNOC-led consortium for the gas cap resources of the Bab onshore field, Abu Dhabi’s media office announced on Wednesday.
ADES Holding has signed a definitive agreement with Saipem to acquire five operational jackup rigs for a total consideration of USD 285 million, the companies announced on Wednesday.
Saipem SpA said Wednesday it had signed an agreement to sell a subsidiary in Saudi Arabia operating shallow-water drillers to ADES Holding Co for $285 million.
The greenhouse gas (GHG) intensity of Canadian oil sands production declined for a 13th consecutive year in 2025, extending a long-term trend of improving emissions performance despite continued production growth, according to new analysis from S&P Global Energy.
EnerMech has completed a pipeline flushing and cleaning project for Subsea7 as part of an offshore field decommissioning program in the U.S. Gulf of America/Mexico. The scope involved flushing and cleaning a long-distance deepwater oil export pipeline to support decommissioning and abandonment activities. According to EnerMech, the work was designed to meet regulatory and environmental requirements while […]
The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensive structural damage from multiple strikes by Ukraine’s long-range drones, dealing a further blow to a country grappling with severe fuel shortages, Reuters reports.