Eni SpA is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about €1 billion ($1.1 billion), according to people with knowledge of the matter.
Cue Energy Resources Limited has received approval for further development of the PB oil production field in the Mahato Production Sharing Contract (PSC) in Indonesia from SKKMigas, the country’s regulato
Major global oil companies are expressing interest in participating in an oil and gas field development project in the East Sea, where the government estimates up to 14 billion barrels of gas and oil reserves are buried, according to Kim Dong-sub, CEO of the Korea National Oil Corp. (KNOC), Wednesday.
Marine technology company Sonardyne has announced that the next phase of the On Demand OBN (OD OBN) project is under way in Brazil.
German oil and gas company Wintershall Dea has made a discovery of gas, condensate and oil in an exploration well next to the Vega field in the North Sea, using Transocean’s Transocean Norge semi-submersible rig.
Moroccan mining company Managem has acquired the gas assets held in Morocco by UK operator Sound Energy under its subsidiary Sound Energy Morocco East for a total consideration of up to USD 45.2 million, the companies announced on Friday.
Oil prices have bounced back after the last OPEC+ announcement sent them crashing, and the U.S. Federal Reserve could send them higher still with optimistic messaging.
Technip Energies, through its joint-venture TKJV LLP with KPSP, announced the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak oil and gas field onshore northwest Kazakhstan.
Recent discoveries fan the flames of African country’s hopes for triple oil production boost by 2027
While the search for hydrocarbons has been ongoing in certain parts of Africa for decades with varying degrees of success, a slew of new oil and gas discoveries has pushed the continent to the forefront of global exploration hotspots. Given its string of recent discoveries, one of the countries in West Africa, Cote d’Ivoire, is forecasting a threefold boost in its oil output over the next three years.
In a significant development towards transforming Ghana into a leading petroleum and petrochemical
hub in Africa, the Petroleum Hub Development Corporation (PHDC) has officially signed a US$12
billion agreement with TCP-UIC Consortium