Norway has offered ownership interests in 57 new oil and gas production licenses to 19 companies in its latest annual awards in pre-defined areas (APA) licensing round.Of the 57 licenses, 31 are located in the North Sea, 21 in the Norwegian Sea and five in the Barents Sea. Twenty of the licenses represent additional acreage linked to existing production licenses.Ownership interests or operatorships were offered to Aker BP…
Eco (Atlantic) Oil & Gas has started discussions with the Government of Guyana regarding the continuation of its appraisal and exploration program on the offshore Orinduik Block, following the expiry of the license’s second renewal term.The…
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…
Viridien has signed an agreement with the Government of Malta to invest in an integrated multi-client dataset for the country’s offshore area.By revitalizing existing seismic and well data, this project will advance the understanding and promotion…
U.S subsea equipment and services provider for oil and gas sector KOIL Energy has secured a contract to supply a subsea distribution system for a deepwater project in the Gulf of America.KOIL Energy will manufacture the subsea umbilical termination assemblies (SUTAs)…
Norway's government said on Mondayit will present a policy document to parliament next year on the future of the oil and gas industry, including companies' access to exploration acreage.'The oil and gas industry is crucially important for Norway…
Navitas Petroleum has signed a non-binding agreement to farm into an offshore exploration license in the North Falklands Basin adjacent to its recently sanctioned Sea Lion oil development, as the operator advances plans to expand its footprint in the region…
U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home.Trump has…
When we interviewed Saronic Co-Founder and CEO Dino Mavrookas late last year, he insisted that Saronic's mission was to deliver commercially viable autonomous vessels first, and in turn parlay that into a ready package for defense. That vision…
U.S subsea equipment and services provider for oil and gas sector KOIL Energy has secured a manufacturing contract with an international offshore installation company.The scope of work includes engineering, procurement, and fabrication of major…
French seismic firm Viridien has announced a new basin-scale reimaging program within the hydrocarbon-prolific Balingian-Luconia-Baram basins, in collaboration with Petronas, through Malaysia Petroleum Management.Viridien will leverage its imaging technologies to reimage 44…
Here are some key facts about the international oil companies operating in Venezuela. The country, which has the largest oil reserves in the world, is now in crisis following the capture of the President Nicolas Maduro.Hugo Chavez, the former president…
QatarEnergy has signed a Memorandum of Understanding (MoU) with Egypt’s Ministry of Petroleum and Mineral Resources to strengthen cooperation in the energy sector, including the supply of liquefied natural gas (LNG).Under the agreement, QatarEnergy…
Oil prices steadied on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in Ukraine and Venezuela exports.Brent crude futures LCOc1 dropped 4 cents on Friday to $60…
Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya gas field development in the Turkish sector of the Black Sea.The contract includes engineering…
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