The French oil firm is one of the partners in the Northern Lights project, which aimed to bury CO2 underground and help companies meet climate targets by preventing the heat-trapping gas from being released into the atmosphere Reuters reports. The Norwegian government, which is financing 80% of the 6.9 billion crowns ($791 million) needed for the […]

TGS, CGG and PGS, industry leaders of multi-client geoscience data, today announced a pioneering strategic partnership to offer a shared ecosystem providing direct access to their subsurface multi-client data libraries. The independent, cloud-based ecosystem will offer a single search point to access all three companies’ multi-client data and allow customers to interactively find, visualize and […]

Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution related to customers’ use of its products for the first time; just days after activist investors criticized the oil giant for its environmental record. Exxon will reduce the intensity of upstream emissions by as much as 20% by 2025, the […]

PETRONAS through its subsidiary, PETRONAS Suriname E&P B.V. (PSEPBV) today announced that it made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52.  PSEPBV is the operator of Block 52 and holds 50 per cent participating interest, together with ExxonMobil Exploration and Production Suriname […]

The Institute for Energy Security, IES, is predicting a 3– 5 per cent increase in both petrol and diesel prices at the pumps within the first 2 weeks of December, which makes up the first pricing window of the month Ghanaian Times reported. The energy think tank attributes the expected jump in fuel prices to […]

CGG is mobilizing to acquire the industry’s first-ever multi-client airborne gravity and magnetic survey of the onshore Congo Cuvette Basin in the Republic of Congo after signing an agreement with the SNPC and the Ministry of Hydrocarbons. The project has already received significant prefunding from the oil and gas industry. Scheduled for licensing in early […]

The Abu Dhabi National Oil Company (ADNOC) has announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental, a US-based international oil and gas exploration and production company.  The award has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) and follows the SPC’s endorsement […]

VAALCO Energy has announced that the acquisition of three dimensional (“3-D”) seismic data at the Etame Marin block offshore Gabon has been completed. The company in the press release, said it has also Completed the acquisition of nearly 1,000 square kilometers of new dual-azimuth proprietary 3-D seismic data over the entire Etame Marin block which […]

1.       INTRODUCTION: Nigerian National Petroleum Corporation (NNPC) is empowered pursuant by the NNPC Act (LFN Cap. 320) to engage in all commercial activities relating to Petroleum Operations. In compliance with the Public Procurement Act 2007 and NNPC’s Policy and Procedures, NNPC intends to engage qualified and credible companies in a Direct Sale of Crude Oil […]

 Global Petroleum Limited is pleased to announce the following update: Regarding its licence PEL0094 (Block 2011A), the Company recently purchased historic 2D seismic data in order to improve interpretation of its Marula prospect in the western part of Block 2011A. Separately, Global has also acquired 2D seismic data over the relatively underexplored eastern part of […]