Brazil's state-run oil company Petrobras has acquired stakes in three exploratory blocks in São Tomé and Príncipe through a competitive process conducted by Shell.Petrobras acquired a 45% stake in blocks 10 and 13 and a 25% stake in block 11…
Qatari oil and gas company QatarEnergy has announced a five-year crude oil supply agreement with Shell.The agreement stipulates the supply of up to 18 million barrels per annum of Qatar Land and Qatar Marine crude oils to Shell starting in January 2024…
Akkrake Petroleum, a fully-owned subsidiary of Rex International-Monarch Marine Holding joint venture Porto Novo Resources, has signed a production sharing contract for operatorship and working interest in an oil field offshore Benin, West Africa…
Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.Petronas and PTTEP signed a memorandum of…
Esgian has released its Week 51 Rig Analytics Market Roundup, highlighting regulatory action in the United States.The Biden Administration has published the final 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Programme with “the fewest oil and gas lease sales in history…
Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving its interests, oil minister Diamantino Azevedo said on Thursday.Angola, which joined OPEC in 2007, produces about 1.1 million barrels of oil per day…
Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and geopolitical tensions in the Middle East following attacks on ships by Yemen's Iran-aligned Houthi forces in the Red Sea.Brent crude futures LCOc1 rose 89 cents…
The Biden administration on Wednesday will hold an auction of oil and gas leases in the Gulf of Mexico following several delays due to litigation over the drilling industry's impact on an endangered species of whale.The sale will likely be the…
Dutch lender ING will stop financing oil and gas exploration and production by 2040 and triple new lending to renewable energy over the next two years as part of an updated climate strategy, the bank's chief executive told Reuters.Investors…
This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract…
Australian regulator NOPSEMA has begun assessment of Woodside Energy’s environment plans for Julimar Development Phase 3 Drilling and Subsea Installation.The Julimar field is located in Western Australian waters about 170km north-west of Dampier…
On December 13, 193 blocks were auctioned in Brazil’s oil and gas licensing round, signaling strong optimism for the industry, according to Wood Mackenzie.Highlights from these bid rounds included:• The total amount in bonuses was US$85 million• 44 blocks were acquired in the Pelotas Basin…
Aker Capital AS has acquired 8,240,000 shares in Solstad Offshore ASA, at an average price of NOK 48.45 per share.Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32…
The need for new gas supply in Western Australia (WA) is becoming increasingly urgent, says Australian Energy Producers (AEP) in a statement, warning the state and federal governments to unlock the state’s abundant reserves or face blackouts and higher prices…
Wintershall Dea, in collaboration with its partners DNO Norge and Equinor, has successfully completed the drilling of an appraisal well at the Bergknapp discovery in the Norwegian Sea. The team is now assessing potential field development options…
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