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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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US Navy blockade pushes oil above $100/bbl
Oil prices surged on 13 April to above $100 per barrel (bbl) as the US Navy prepared to block shipping …
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Venture Global closes $1.75bn term loan B for Calcasieu Pass
Venture Global has closed a $1.75bn senior secured term loan B credit facility through its subsidiary Calcasieu Pass Funding, which …
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Saudi resumes full 7mbbl/d capacity on East-West pipeline
Saudi Arabia has announced the restoration of full oil pumping capacity through its East-West pipeline to approximately seven million barrels …
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TotalEnergies’ and Aramco’s SATORP refinery suffers operational shutdown
TotalEnergies has confirmed that the SATORP refinery in Jubail, Saudi Arabia, experienced damage to one of its two processing trains …
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Subsea7 secures Sépia 2 field contract from Petrobras
Subsea7 has won a ‘supermajor’ contract from Petrobras for the Sépia 2 field development in the Santos Basin, located around …
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Oil prices surge amid Saudi supply concerns and Hormuz halt
Oil prices rose on 10 April due to renewed concerns over Saudi Arabian supply disruptions and the ongoing halt of …
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SLB OneSubsea secures subsea boosting deal for Shenandoah field
SLB OneSubsea has secured a contract from Beacon Offshore Energy (BOE) Exploration and Production to provide a high-pressure, high-temperature (HPHT) …
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Chevron finds oil at Gulf of Mexico’s Bandit prospect
Chevron has made an oil discovery at the Bandit prospect approximately 125 miles south of the Louisiana coast in the …
