Latest Update
The Walyering gas field, jointly owned by Talon Energy and Strike Energy,...
> read more
Editor's Choice
CNOOC starts production at Lufeng 12-3 and Bozhong 28-2 projects
The Lufeng 12-3 oil field project is located in the northeastern part of the Zhu-I depression in the Pearl River Mouth Basin, South China Sea, and the Bozhong 28-2 South oilfield...
KUFPEC to purchase 40% stake in Shell’s offshore Block 3
KEL has signed a farm-out agreement (FOA) with BG International, a subsidiary of British oil and gas company Shell, to acquire the stake in offshore Block 3 in Egypt’s Mediterranean...
DNO discovers gas condensate at Norma prospect in Norwegian North Sea
The preliminary evaluation of the discovery indicates gross recoverable resources between 25 and 130 million barrels of oil equivalent (MMboe), and a mean resource of 70MMboe, in...
Norwegian seismic data companies TGS and PGS to merge in $864m deal
The transaction will create a full-service geophysical data company focused on multi-client data, streamer data acquisition, ocean bottom node data acquisition, imaging, and new...
Woodside Energy announces start of production at Shenzi North project
Discovered in 2017, Shenzi North is the first phase of Greater Wildling, developed as a two-well subsea tieback that harnesses the existing infrastructure at the Shenzi conventional...
Ithaca Energy to take full control of Cambo oil field in UK North Sea
With the acquisition, Ithaca will increase its stake in Cambo to 100% and will obtain full control over the progression of the future development of the field, which is the...
Saipem wins new offshore contracts worth €850m in Côte d’Ivoire and Italy
Saipem received the first contract from Eni Côte d’Ivoire and its partner Petroci for the Phase 2 development of the Baleine project and the second contract from Snam Rete Gas for a...
Viper Energy Partners to acquire mineral and royalty interests in $1bn deal
Viper intends to fund the cash portion of the transaction through a combination of cash on hand, borrowings under its credit facility, up to $200m equity commitment from Diamondback...
Aker BP begins construction at Yggdrasil and Valhall PWP-Fenris developments
The company started fabrication works by cutting the first steel plates for the two offshore developments at the Aker Solutions’ yard in Stord, which marks the beginning of three years...
Maria Phase 2 project advances with installation of new subsea template
The second phase of the Maria project is projected to increase the total field reserves of the offshore Norwegian field by approximately 27 million barrels of oil equivalent
Aker BP, partners begin construction at Skarv Satellite project in Norway
Under the Modification Alliance, Aker BP is carrying out complete modifications on the Skarv production vessel to receive production from satellite developments at Aker...
BW Energy completes acquisition of Golfinho and Camarupim clusters from Petrobras
The transaction provides the Norwegian company with ownership and operatorship of assets with around 10,000 barrels of daily oil production, along with several proven low-risk...
Equinor begins production from Statfjord Øst expansion project in North Sea
The expansion project is aimed to increase production by 26 million barrels of oil equivalents from the satellite field of the Statfjord oil and gas field
Cheiron makes new oil discovery in Gulf of Suez, offshore Egypt
Cheiron made the new discovery by the exploration well GNN-11, drilled from the GNN Early Production Facility (EPF), and the well encountered 165 feet of good quality vertical net pay...
TotalEnergies, INPEX to acquire AC-RL7 permit offshore Australia
TotalEnergies will acquire a 26% stake and INPEX the remaining 74% stake and operatorship of the AC-RL7 permit from PTTEP Australasia, a subsidiary of Thailand’s national...
Global, Jaguar awarded large oil and gas exploration block offshore Peru
The Australian company obtained an 80% stake in TEA, while its project partner, US-based oil and gas exploration company Jaguar Exploration holds the remaining 20% stake after...
Petrobras deploys FPSO Anita Garibaldi for production offshore Brazil
The FPSO Anita Garibaldi, with a capacity to produce up to 80,000 barrels of oil per day (bpd) and process up to seven million m3 of gas per day, will operate simultaneously in...
Carlyle to sell Gabon-focused Assala Energy to Maurel & Prom for $730m
Carlyle has worked with the Assala management team to increase Assala’s net production by nearly 30% to 45kbbl/d, enhance its reserves life from five to eight years at the end of...
Strike Energy signs scheme implementation deed to acquire Talon Energy
In addition to being acquired by Strike, Talon plans to demerge its Mongolian asset through a potential spin-out of the assets before implementation of the scheme, which allows...
