Equinor Brasil Energia Ltda., a subsidiary of Equinor ASA, has entered into agreements(1) with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil. PRIO, Brazil’s largest independent oil and gas company, will pay a consideration of USD 3.35 billion […]

Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have completed the previously announced agreement to increase their stake in the Ursa platform in the Gulf of America from 45.3884% to 61.3484%. This acquisition is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects with a […]

The Ministry of Energy and Minerals of Indonesia has confirmed EnQuest (and its joint venture partners) as the winning bidder for two Production Sharing Contract (‘PSC’) blocks in Papua Barat, Indonesia: Gaea and Gaea II. These blocks present a multi-Tscf unrisked resource potential for EnQuest and its joint venture partners, and are located as shown […]

Secretary of the Interior Doug Burgum today directed the Bureau of Ocean Energy Management to initiate the first step in a robust public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.  “Launching the process to develop the 11th National Outer Continental Shelf Program […]

TotalEnergies said it has started production from the deepwater Ballymore field offshore the U.S., located 120 kilometers off the Louisiana coast, and launched in May 2022. The company has a 40% interest in the field alongside operator Chevron (60%). Ballymore has a total daily gross production capacity of 75,000 barrels of oil per day and 50 million cubic […]

bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. The well was drilled to a total depth of 23,830 feet. The Far South co-owners are bp (operator, 57.5%) and Chevron U.S.A. Inc. (42.5%). “Our Gulf of […]

TAG Oil is pleased has announced that certain of its New Zealand subsidiaries have entered into a definitive asset sale and purchase agreement dated April 7, 2025 (the “Agreement”), for the sale of its New Zealand royalty interests to an arm’s length party (the “Transaction”). Under the terms of the Agreement, the Company will receive […]

The North Sea could produce about half of the oil and gas the UK will need in the run up to 2050 – but only if new projects can be developed, industry chiefs have said. As it stands Offshore Energies UK (OEUK) said the UK is on track to produce just four billion of the 13 to […]

INEOS Energy has announced the completion of the acquisition of the US Gulf business held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of CNOOC International. The deal increases INEOS Energy’s production globally to over 90 thousand barrels of oil equivalent per day and marks the third major investment by INEOS Energy in the […]

BW Energy has announced the extension of the Golfinho licence by Brazilian oil and gas regulator ANP. The production phase under the Golfinho concession contract has been extended to 2042 from previously 2031, following ANP’s approval of the Company’s field development plan in November 2024.    “The extension supports our long-term plans for developing the Golfinho […]