Latest News
-
05 Jan 26
Nigeria: Shearwater initiates multi-client survey offshore Nigeria
Shearwater Geoservices has announced the upcoming start of a new multi-client seismic project offshore Nigeria. The survey will provide high-resolution subsurface data across the Western Niger Delta Basin, supporting exploration decisions and future license rounds in one of West Africa’s most prospective oil and gas regions. -
05 Jan 26
Mexico: Harbour appointed operator of the Zama project in Mexico
Harbour Energy announced December 31 2025 it has been appointed operator of the Zama oil project offshore Mexico. The Zama oil field, discovered in 2017 and successfully appraised in 2018 and 2019, is estimated to contain approx. 750 mmboe of gross recoverable resources. -
02 Jan 26
Pakistan: OGDCL reports oil and gas discovery at Baragazai X-01 (Slant) well - Datta Formation, Nashpa Block, Khyber Pakhtunkhwa, Pakistan
Oil and Gas Development Company Limited (OGDCL), operator of Nashpa Exploration License (65% working interest), has made an oil and gas discovery over Datta Formation at its exploratory well Baragzai X-01 (Slant), located in District Kohat, Khyber Pakhtunkhwa Province, Pakistan. -
02 Jan 26
Malaysia: PETRONAS strengthens LNG partnership with CNOOC through supply agreement
PETRONAS has entered into a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG). -
02 Jan 26
Angola: Chevron’s South N’dola Platform in Angola delivers first oil in December
Chevron’s South N’dola Platform in Angola delivered first oil in December. The milestone comes just over two years after construction on the platform began. The South N’dola Platform is in Block 0, the abundant offshore reservoir in Angola that is responsible for 12% of the country’s daily energy output. -
02 Jan 26
Nigeria: Maurel and Prom sells 20.07% interest in Seplat Energy to Heirs Energies for $496 million
Etablissements Maurel & Prom ('M&P) has entered into a binding agreement in relation to the sale of its entire shareholding of 120.4 million shares, representing a 20.07% interest, in Seplat Energy, a leading Nigerian independent energy company listed on the London Stock Exchange and the Nigerian Exchange, to Heirs Energies. -
02 Jan 26
Turkey: Saipem awawrded new offshore contract for Sakarya gas field development offshore Turkey
Saipem has been awarded a new offshore contract by Turkish Petroleum OTC for additional activities as part of the extension of the third phase of the Sakarya gas field development project in Turkish sector of Black Sea. The value of the contract is approximately 425 million USD. -
01 Jan 26
OEUK: Christmas on the rigs
Around 10,000 offshore gas and oil workers are spending today and the rest of the Christmas and New Year holiday far out on the dark seas around Britain’s coasts, providing the energy to heat homes, cook turkeys, and power fairy lights. -
01 Jan 26
bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion
Following a comprehensive strategic review of Castrol, bp announced Decembey 24 that it has reached an agreement to sell a 65% shareholding in Castrol to Stonepeak, at an enterprise value of $10.1 billion. The transaction is expected to result in total net proceeds to bp of approx. $6.0 billion.
