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Latest news - International

Turkey to Send Ship to Search for Oil and Gas Off Somalia Coast

Turkey to Send Ship to Search for Oil and Gas Off Somalia Coast   Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil and gas as part of a hydrocarbon cooperation deal between two countries, Turkish energy ministry said on Thursday. "We will send our Oruc Reis vessel at the end of September, or early October to Somalia. It will conduct a significant seismic study there, which can last for months," Turkish Energy Minister Alpar...

Getting more out of a Norwegian gas field

Getting more out of a Norwegian gas field   Throughout history, the waters stretching from Norway’s rugged north-western coast have been fraught with danger, the seabed scattered with debris from ships lost to violent storms. Yet in recent years these seas have become home to a mainstay of Europe’s energy security. More than 100 kilometres from shore, buried thousands of metres below the seabed, is the gas reservoir Ormen Lange. Operated by Shell, it has been supplyi...

TotalEnergies to Sell Stake in Major Nigerian Player

TotalEnergies to Sell Stake in Major Nigerian Player   TotalEnergies SE signed a deal to divest its 10 percent interest in a major oil and gas player in Nigeria plagued by oil spills and theft to a locally owned company for $860 million, the French energy giant said Wednesday. TotalEnergies’ pending exit — the transaction is subject to regulatory approvals — from the SPDC Joint Venture (JV) follows that of Britain’s Shell PLC, which operates the Niger Delta-...

China’s Third Plenum to boost oil markets in coming weeks. - Rystad Energy's Oil Macro Market Update

China’s Third Plenum to boost oil markets in coming weeks. - Rystad Energy's Oil Macro Market Update   China’s Third Plenum to boost oil markets in coming weeks. Here is Rystad Energy’s oil macro update from Senior Oil Analyst Svetlana Tretyakova: “With the market balances remaining tight and prices still closely reflecting current S&D fundamentals. Any announcement from the Third Plenum in Beijing this week is likely to shape the market sentimen...

ReconAfrica Spuds the Naingopo-1, Targets the ‘Damara Fold’ in Namibian Wildcat

ReconAfrica Spuds the Naingopo-1, Targets the ‘Damara Fold’ in Namibian Wildcat   Canadian minnow, ReconAfrica has finally spud the long awaited Naingopo (Prospect L), its second seismically defined well in the onshore Kavango Basin, in Namibia’s northeast. It is also the first of the company’s four wells so far, that will primarily target the Damara Fold Belt. The earlier three wells had focused on drilling the so-called Karoo rift. Whereas initial explo...

Drilling approved for NT activities

Drilling approved for NT activities   Eni Australia BV (Eni) has received the green light for a drilling campaign, 300km southwest of Darwin. Eni operates the Blacktip facilities, located in WA-33-L, which consists of a wellhead platform (WHP) in approximately 51m water depth, platform wells, flowlines and a subsea gas export pipeline which brings gas and produced water to the Yelcherr Gas Plant. The Blacktip drilling environment plan (EP), first submitted to the National Offsho...

Petrobras launch tender for 82 Subsea Trees

Petrobras launch tender for 82 Subsea Trees   Brazilian state-controlled oil company Petrobras has approached the market one more time with a tender that is expected to generate multi-million dollar bids to contract key subsea equipment for as many as 10 developments in the country’s Campos and Santos basins. Petrobras has invited contractors including TechnipFMC, Aker Solutions, OneSubsea and Baker Hughes to submit commercial proposals on 9 October on what has been described...

CNOOC Limited Made Major Exploration Breakthrough in Bohai Bay

CNOOC Limited Made Major Exploration Breakthrough in Bohai Bay   CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that it has achieved a major exploration breakthrough in Mesozoic buried hill offshore Bohai Bay. Longkou 7-1 oilfield is located in eastern Bohai Bay, with an average water depth of about 26 meters. The discovery well LK7-1-1 was drilled and completed at a depth of approximately 4,400 meters, whic...

ATPI Receive Award Nomination for People-First Approach

ATPI Receive Award Nomination for People-First Approach   ATPI, the leading travel management agency and global partner to the energy sector has been announced as a finalist in the prestigious Scottish Green Energy Supply Chain Awards, acknowledging its incredible efforts in creating an inclusive, diverse and motivated workforce. The Scottish Green Energy Supply Chain Awards celebrates the exceptional achievements of industry experts operating within the renewables sector throughou...

Kuwait signs Nine Contracts to provide Drilling Rigs for Heavy Oil operations

Kuwait signs Nine Contracts to provide Drilling Rigs for Heavy Oil operations   Kuwait Oil Company (KOC) announced in a statement that within the framework of further enhancing its oil production, KOC signed nine contracts with five local companies to provide drilling rigs for heavy oil production operations in NK fields. The signing ceremony was held in the Company’s Main Building in Ahmadi, in the presence of CEO Ahmad Jaber Al-Eidan, a number of DCEOs, Group Managers, and...

Saipem-led venture wins $300 million BP award in Azerbaijan

Saipem-led venture wins $300 million BP award in Azerbaijan Italian contractor will operate specialist construction vessel at country's two largest offshore fields   A Saipem-led venture in Azerbaijan has secured a new Caspian subsea construction award from UK supermajor BP, according to the Itaian company. The work will be carried out by the SCV Khankendi, a specialist vessel owned by the BP-led Shah Deniz consortium. Launched in 2017 at a cost of about $380 million, wit...

Petrogas E&P achieves first gas in Dutch sector of the North Sea

Petrogas E&P achieves first gas in Dutch sector of the North Sea Petrogas E&P Netherlands, an affiliate of Oman-based Petrogas E&P, has started production on a gas field in the Dutch sector of the North Sea.   Petrogas E&P Netherlands, which is the field’s operator, and its partners EBN, Rockrose, and TAQA Offshore disclosed that the first well on the B10 platform in the Dutch sector of the North Sea produced its first gas on July 6. This forms part of the...

AI and Robotics Unlock Sustainable Efficiency in the Oil and Gas Sector

AI and Robotics Unlock Sustainable Efficiency in the Oil and Gas Sector   According to GlobalData, artificial intelligence and robotics are leading the transformative changes in the oil and gas sector, accelerating advancements in operational efficiency, safety, and environmental sustainability. AI technologies are reshaping how the sector approaches exploration, production, refining, and logistics, instituting a new era of innovations for heightened productivity, efficiency, susta...

Southeast Asia offshore gas ‘renaissance’ to unlock $100bn by 2028

Southeast Asia offshore gas ‘renaissance’ to unlock $100bn by 2028   Offshore gas production in Southeast Asia is set to unlock a $100bn potential, driven by several planned final investment decisions expected to materialise by 2028, according to Rystad Energy’s latest analysis. This represents more than a twofold increase over the $45bn worth of developments that reached FID from 2014 to 2023 and is pointing towards a surge for the region’s offshore gas in...

Egypt approves energy exploration projects worth $200m

Egypt approves energy exploration projects worth $200m   Egypt’s Cabinet has approved several petroleum commitment agreements involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international and national companies, with investments totalling $200 million. In a statement the government highlighted these approvals as part of its intensified efforts to address the ongoing electricity shortage crisis, which ha...

Offshore gas boom in Southeast Asia: $100 billion forecast by 2028

Offshore gas boom in Southeast Asia: $100 billion forecast by 2028   Offshore gas production in Southeast Asia is poised to unlock a $100 billion potential, driven by a flurry of planned final investment decisions (FIDs) expected to materialize by 2028, according to Rystad Energy’s latest analysis. This represents a more than twofold increase over the $45 billion worth of developments that reached FID from 2014 to 2023 and signals a surge for the region’s offshore gas indu...

FTP Industrial increases its presence at IAA Transportation 2024

FTP Industrial increases its presence at IAA Transportation 2024   FPT Industrial, the Iveco Group brand dedicated to the design, production, and sale of low-environmental impact powertrains, will travel to Hanover to attend IAA TRANSPORTATION 2024, the world’s leading trade show for logistics, commercial vehicles, buses and the transportation industry, which will take place from September 17 to September 22, 2024, at the Deutsche Messe AG venue. As a world leader in on-...

Bernard Looney plots Abu Dhabi comeback from BP scandal

Bernard Looney plots Abu Dhabi comeback from BP scandal   Former BP chief executive Bernard Looney has met senior figures in the United Arab Emirates as the Irishman seeks a comeback following a scandal last year over his past relationships with colleagues. Mr Looney has held talks with Sultan al-Jaber, chairman of the Abu Dhabi National Oil Company, and with the UAE’s powerful national security adviser and businessman, Sheikh Tahnoun bin Zayed Al-Nahyan, according to three p...

Top 10 Oil and Gas Companies Shaping the Industry

Top 10 Oil and Gas Companies Shaping the Industry   In the ever-evolving landscape of global energy, the oil and gas industry stands as a cornerstone, affecting everything from the oil and natural gas corporation share price to global geopolitics. Despite the rise of renewable energy sources, oil and gas remain critical to meeting the world’s energy demands, driving the need for continuous drilling, refining, and innovation. As prices fluctuate and the push for sustainability in...

Saudi Arabia announces discovery of major oil and natural gas fields

Saudi Arabia announces discovery of major oil and natural gas fields   Ministry of Energy, Saudi Arabia announced the discovery of new oil and natural gas fields in the Eastern Province and the Empty Quarter. “Saudi Aramco has discovered two unconventional oil fields, one Arabian light oil reservoir, two natural gas fields, and two natural gas reservoirs in the Eastern Province and the Empty Quarter,” said Minister of Energy Prince Abdulaziz bin Salman. Al-Ladam fiel...
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