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03 Dec 25 |
China: CNOOC Limited brings on-stream Weizhou 11-4 Oilfield Adjustment and Satellite Fields Development CNOOC Limited has announced that Weizhou 11-4 Oilfield Adjustment and Satellite Fields Development Project has commenced production. The project is located in the Beibu Gulf Basin of the South China Sea. |
02 Dec 25 |
Trinidad: Wood awarded brownfield EPC scope at bpTT’s Ginger gas development project Wood’s joint venture company, Massy Wood, has been awarded the engineering, procurement, construction (EPC) and commissioning contract associated with the topsides brownfield development of bp Trinidad and Tobago’s (bpTT) Juniper platform, as part of the Ginger development located off the coast of Trinidad. |
02 Dec 25 |
Congo (Brazzaville): Eni launches Phase 2 of Congo LNG ahead of schedule With the arrival of the Nguya FLNG floating liquefaction unit and the introduction of gas into the new offshore infrastructure system, Eni announces the start-up - ahead of the planned schedule - of Phase 2 of the Congo LNG project, with the goal of exporting the first LNG cargo in early 2026. |
02 Dec 25 |
UK: Hibiscus Petroleum’s Teal West drilling success to lift 2P reserves Hibiscus Petroleum has including the successful drilling of Teal West Development, offshore UK, with 2P oil reserves expected to exceed the current estimate of 3.4 MMboe. First Oil from the Teal West field is expected in mid CY2026. |
02 Dec 25 |
Chad: Perenco completes successful twelve well campaign on the Badila oil field in Chad PetroChad Mangara, Perenco’s wholly owned Chad subsidiary, has completed a successful twelve well drilling campaign at the Badila oil field in Chad. |
01 Dec 25 |
Argentina: Archer secures drilling contract in Vaca Muerta with estimated value of $600 million Archer has announced the signing of a new five-year contract with YPF for the provision of drilling services in Vaca Muerta, Argentina. The contract, with an estimated value of $600 million, covers the provision and operation of seven advanced drilling rigs. |
01 Dec 25 |
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on steady global economic outlook The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 30 November 2025, to review global market conditions and outlook. The eight participating countries reaffirmed their decision on 2 November 2025 to pause production increments in January, February, and March 2026. |
01 Dec 25 |
Norway: Aker Solutions awarded substantial M&M contract by ConocoPhillips for the Eldfisk and Ekofisk fields offshore Norway Aker Solutions has signed a six-year frame agreement with ConocoPhillips Skandinavia, which includes an option to extend the contract for up to two additional three-year periods. The contract is an extension for brownfield maintenance and modification (M&M) services on the Eldfisk and Ekofisk fields offshore Norway |
