Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding, has completed drilling of the AK-2H horizontal production well at the Sèmè Field offshore Benin.The AK-2H well was drilled with a total horizontal length of 1,405 meters through the reservoir section, including approximately 950 meters of oil-saturated sandstone in the H6 reservoir of the Abeokuta Formation of Cretaceous age…
Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman said on Tuesday.The country plans to increase gas production…
MOL Group has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC), setting the foundation for cooperation in hydrocarbons exploration, technological innovation and crude trading.The companies signed a memorandum…
McDermott has secured a decommissioning definition engineering contract by QatarEnergy for Qatar’s inaugural offshore decommissioning initiative.Under the contract scope, McDermott will develop a comprehensive technical and commercial framework…
Norwegian oil and gas firm Aker BP has started oil production from the Solveig Phase 2 development in the North Sea.The project has been delivered on schedule and within budget, adding approximately 39 million barrels of oil equivalent in recoverable resources to the Solveig field…
U.S. oil and gas major Chevron said on Friday turnarounds and downtime are expected to reduce its upstream production by 185,000 to 225,000 barrels of oil equivalent per day in the first quarter.The company added refinery turnarounds and downtime…
Shell Nigeria Exploration and Production Company has begun planned maintenance on its Bonga deepwater oil vessel, a move that will temporarily cut Nigeria’s oil export capacity by about 225,000 barrels per day but could extend the asset’s lifespan…
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…
Subsea7 has secured a sizeable contract by Shell for the Kaikias Waterflood project, a deepwater development in the Mars-Ursa Basin, off the Louisiana coast in the United States.The scope of work includes the transportation and installation of a subsea umbilical…
Malaysia's state energy firm Petronas said on Thursday it will ramp up exploration and production over the next three years to strengthen domestic energy security.Petronas said it aims to maintain domestic output at close to two million barrels of oil equivalent per day between 2026 and 2028…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/7-13 in production license 782 S.The license is operated by Equinor with 60% working interest, with partner Aker BP holding the remaining 40%…
Brazilian state-run oil firm Petrobras said on Wednesday its estimated proven reserves of oil, condensate and natural gas rose to 12.1 billion barrels of oil equivalent (boe) in 2025, from 11.4 billion in 2024.In a securities filing, the company…
German transmission system operator 50Hertz and offshore wind developer Skyborn Renewables have signed a platform cooperation agreement that clears the way for the commissioning of the Gennaker offshore wind farm in the German Baltic Sea.The…
Norwegian oil and gas firm OKEA and its partners have discovered petroleum in the North Sea, off Norway.The well was drilled from the Brage installation, and the discovery was made in connection with drilling a development well for oil (31/4-A-15 D) in the Knockando Fensfjord prospect…
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