Petrobras confirms new oil discovery in pre-salt of Campos Basin
Petrobras has reported the discovery of hydrocarbons in the pre-salt region of the Campos Basin, following the completion of drilling…
14 Apr 2026
Chevron increases Venezuela heavy oil stake through asset swap with PDVSA
Chevron has signed an asset exchange agreement with Petróleos de Venezuela (PDVSA), broadening its involvement in Venezuela’s heavy oil industry and transferring specific gas holdings. The transaction will increase Chevron’s…
14 Apr 2026
Potential US-Iran talks lead to oil price decline
Oil prices declined on 14 April as potential discussions to resolve the US-Israel conflict with Iran appeared to reduce supply risks linked to the Strait of Hormuz blockade, reported Reuters.…
14 Apr 2026
BP to buy 60% stake in three Eco Atlantic PELs offshore Namibia
BP, through its wholly owned subsidiary bp Namibia Energy, has entered into an agreement with Eco (Atlantic) Oil & Gas to acquire a 60% participating interest in each of Eco…
14 Apr 2026
TotalEnergies finds hydrocarbons in Congo’s Moho licence
TotalEnergies, via its subsidiary TotalEnergies EP Congo, has made a hydrocarbon discovery in the Moho licence area off the coast of the Republic of Congo following drilling of the MHNM-6…
13 Apr 2026
Palm Valley JV strikes long-term gas supply deal with NT Government
Central Petroleum and its Palm Valley joint venture (JV) partners Cue Energy Resources and Echelon Resources have signed a binding multi-year gas sales agreement (GSA) with the Northern Territory (NT)…
13 Apr 2026
Türkiye launches first overseas deep-sea drilling mission off Somalia
Türkiye has initiated its first international deep-sea drilling project, deploying the Cagri Bey vessel off the coast of Somalia near Mogadishu. During an event in Mogadishu to mark the start…