Latest News
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18 Sep 25
Brazil: TGS announces PAMA Phase II multi-client 3D survey offshore Brazil
TGS has announced the PAMA Phase II 3D multi-client survey in the Equatorial Margin area offshore Brazil. The first phase covered 19,343 sq kms and more than 25 future exploration blocks within the Pará-Maranhao Basin, one of the world’s largest, most unexplored, and highly prospective basins. -
18 Sep 25
Declines in output from existing oil and gas fields have gathered speed, with implications for markets and energy security - IEA
The average rate at which oil and gas fields’ output declines over time has significantly accelerated globally, largely due to higher reliance on shale and deep offshore resources, meaning that companies must work much harder than before just to maintain production at today’s levels, according to a new IEA report. -
18 Sep 25
Brazil: Baker Hughes secures multi-year contract with Petrobras for offshore stimulation vessels
Baker Hughes has announced a multi-year agreement with Petrobras to extend the deployment of the Blue Marlin and Blue Orca stimulation vessels, supporting optimization of offshore oil and gas production in Brazil’s post and pre-salt fields. -
18 Sep 25
XRG-led Consortium concludes discussions with Santos
The XRG-led Consortium has withdrawn its indicative offer and will not proceed with a binding offer for Santos. While the Consortium maintains a positive view of the Santos business, a combination of factors, when considered collectively, have impacted the Consortium’s assessment of its indicative offer. -
17 Sep 25
Liberia: TotalEnergies awarded four offshore exploration permits
TotalEnergies has signed four Production Sharing Contracts (PSC) for the LB-6, LB-11, LB-17 and LB-29 Exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation Licensing Round organized by the Liberia Petroleum Regulatory Agency. -
17 Sep 25
UK: Hibiscus Petroleum commences drilling at Teal West Development
Hibiscus Petroleum has announced that the Shelf Drilling Fortress jack-up rig, prepared and mobilised from Invergordon, Scotland on 8 September 2025. It has successfully been positioned at site and spudded a new well at the Teal West field on the 14 September 2025, located 4 km from the Anasuria Floating, Production, Storage and Offloading ('FPSO') facility. -
17 Sep 25
1PointFive and NYK announce Carbon Removal Agreement
1PointFive, a carbon capture, utilization and sequestration (CCUS) company announced today that Nippon Yusen Kabushiki Kaisha (NYK), one of the world’s largest shipping companies based in Japan, purchased carbon dioxide removal (CDR) credits that will be enabled by 1PointFive’s Direct Air Capture (DAC) technology.
