Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil.Companies are restocking their oil…
MODEC has signed a statement of strategic intent with Eld Energy and Delta Electronics to collaborate on the development of a solid oxide fuel cell power generation system for offshore and maritime applications, including floating production…
Conrad Asia Energy and its subsidiary West Natuna Exploration have signed a binding term sheet with Empyrean Energy to settle historical cash call arrears related to the Duyung Production Sharing Contract in Indonesian waters.The agreement outlines…
A joint venture between Nigeria’s state oil company Nigerian National Petroleum Company (NNPC) and Chevron Nigeria Limited (CNL) has confirmed hydrocarbons across multiple reservoir zones following the drilling of the Awodi-07 appraisal and…
Energean on Tuesday forecast 2026 production of 140-150 thousand barrels of oil equivalent per day (kboed), below last year's numbers, as the gas producer looks to expand operations and boost output amid geopolitical disruptions.Shares of the FTSE-250 company were down 2…
Nigerian President Bola Tinubu has approved 'targeted, investment-linked' incentives for Shell's Bonga South West deepwater oil project following a meeting with the company's CEO, Tinubu's office said.The proposed incentives are the latest in…
Offshore drilling contractor Seadrill has secured multiple contract awards for its West Capella, West Elara and West Carina drilling rigs across Malaysia, Norway and Brazil.In Malaysia, the ultra-deepwater drillship West Capella secured a well-based contract with an undisclosed operator…
TotalEnergies has agreed to sell its interests in Nigerian asset, while launching a new petroleum products trading joint venture in the Middle East, as the French energy major continues to reshape its portfolio and expand its downstream trading activities…
OceanMight, a subsidiary of KKB Engineering, has secured a contract from Petronas for construction services at greenfield development project offshore Malaysia.The letter of award signed by the companies is for the provision of minor engineering…
Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year…
Offshore seismic services firm Shearwater Geoservices has finalized the preparations for the upcoming start of a new multi-client seismic project offshore Nigeria.The 3D survey is backed by significant industry funding and will be executed in…
Cedar LNG, the partnership between Haisla Nation and Pembina Pipeline Corporation, has secured a 12-year agreement with Ovintiv for its floating liquefied natural gas (FLNG) facility, being developed on Canada’s West Coast.The agreement, signed…
Seadrill Limited has been awarded contracts for the West Neptune, Sevan Louisiana, and Sonangol Quenguela.In the U.S. Gulf, the West Neptune was awarded a contract with LLOG Exploration. The four-month program is expected to commence in direct continuation to the current contract…
South Africa's legacy national oil company, PetroSA, has approved a deal to give Shell Offshore a 60% stake in its Block 2C, off the country's west coast, a document seen by Reuters showed on Monday.If successfully concluded, the agreement will strengthen oil major Shell's SHEL…