CNOOC Limited has announced its business strategy and development plan for the year 2025 which includes rolling exploration plan in the Nigeria oil and gas industry. Rolling Exploration is a technique for searching for oil and gas in deep-water areas. It involves a technical system that includes target search, evaluation, and drilling The company’s maintain stable capital […]

Independent Petroleum Association of America (IPAA) Offshore Committee Chairman Ron Neal, the President of Houston Energy L.P. and CEO of HEQ Deepwater, issued the following statement in response to the announcement of the Biden Administration’s plan to remove millions of acres of U.S. oceans from potential oil and gas drilling, barring the sale of new […]

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to USD 2 billion. After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on 29 November and 6 December respectively. “With […]

Equinor UK Ltd, a subsidiary of Equinor ASA and Shell U.K. Limited, a subsidiary of Shell plc are to combine their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea’s biggest independent producer. The incorporated joint venture (IJV) will be set up to sustain […]

President-elect Donald Trump’s plan to place a 25% tariff on energy projects could drive up prices for refiners and customers, while also hurting the Canadian oil market. President-elect Donald Trump has rocked the oil industry recently when he announced plans to implement a 25% tariff on all goods from Canada and Mexico. Energy products would […]

Despite crude oil prices trending higher so far this week, they are unlikely to have risen enough to encourage OPEC+ to reinstate its delayed plans to boost output in 2025. The exporter group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, still has little room to maneuver on oil policy when […]

PETRONAS and China National Petroleum Corporation (CNPC) signed a Memorandum of Understanding (MoU) at the CNPC International Cooperation Forum, a key event at the 7th China International Import Expo (CIIE). Coinciding with the 50th anniversary of Malaysia-China diplomatic relations, this collaboration not only serves as a testament to the enduring friendship between the two nations […]

Dolphin Drilling AS announced today that its deepwater capable semisubmersible rig, Blackford Dolphin, has commenced its long-term exploration drilling contract with Oil India Limited offshore India. The rig arrived in Indian waters in October and has since completed customs clearance and client acceptance. Following the commencement, Dolphin Drilling will be positioned to demonstrate material improvement […]

Equinor has signed an agreement to acquire Sval Energi’s 11.8% share in the Halten East Unit. With this acquisition, Equinor increases its ownership to 69.5%. Halten East is an ongoing offshore development located in the Kristin-Åsgård area in the Norwegian Sea. The development comprises six gas discoveries and three prospects, which will utilise existing infrastructure […]

Petrofac, a leading provider of services to the global energy industry, has been awarded a multi-million-dollar, two-year contract by Bapco Upstream W.L.L. (formerly Tatweer Petroleum – Bahrain Field Development Company W.L.L.) (Bapco Upstream), to further enhance its production in Bahrain.  Petrofac will support Bapco Upstream’s production plans, to meet gas demands for the Kingdom, through […]