(IN BRIEF) bp has signed three new Production Sharing Contracts in Indonesia covering the Bintuni, Drawa and Barong blocks, expanding its upstream energy portfolio in the country to 11 participating blocks. The agreements strengthen bp’s presence near its existing Tangguh … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Technology, United Kingdom
Tagged Asia Pacific energy market, Bahlil Lahadalia, Barong block, Bintuni block, BP, bp Expands Indonesian Energy Portfolio with Three New Production Sharing Contracts, bp Expands Indonesian Upstream Portfolio Through Three New Production Sharing Agreements, CNOOC Southeast Asia Limited, Drawa block, East Java, energy infrastructure, energy security, exploration blocks, Gas and Low Carbon Energy, Indonesia, Indonesian energy sector, Indonesian Petroleum Association Convention & Exhibition, INPEX Corporation, liquefied natural gas, LNG, LNG Japan Corporation, Mitsubishi Corporation, natural gas, New Exploration Contracts Strengthen bp’s Long-Term Energy Presence in Indonesia, oil and gas exploration, Papua Barat, petroleum bidding round, Production Sharing Contracts, PSC, SKK Migas, Tangguh LNG, upstream energy, William Lin
(IN BRIEF) bp has entered a production sharing agreement covering six exploration blocks in Uzbekistan’s North Ustyurt region, marking the company’s first upstream project in the country. The agreement expands bp’s exploration portfolio and strengthens cooperation with SOCAR and Uzbekneftegaz. … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, United Kingdom
Tagged Abdugani Sanginov, Azerbaijan, BP, bp Acquires 40 Percent Stake in North Ustyurt Production Sharing Agreement in Uzbekistan, bp Joins SOCAR and Uzbekneftegaz in Offshore Exploration Partnership in Uzbekistan, Central Asia, energy cooperation, energy exploration, energy investment, energy sector development, frontier exploration, gas exploration, Gio Cristofoli, hydrocarbon resources, international energy companies, Jurabek Mirzamahmudov, natural gas, North Ustyurt, oil #exploration, oil and gas, production sharing agreement, PSA, regional energy partnership, Rovshan Najaf, seismic activities, SOCAR, Tashkent, upstream energy, Uzbekistan, Uzbekistan Strengthens International Energy Cooperation as bp Enters North Ustyurt PSA, Uzbekneftegaz
(IN BRIEF) Eni has made a significant gas discovery with the Geliga-1 well in Indonesia’s Kutei Basin, uncovering an estimated 5 trillion cubic feet of gas and 300 million barrels of condensate. The find strengthens the basin’s position as a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, Marketing, Technology
Tagged Bontang LNG plant, condensate, East Kalimantan, energy production, Eni, Eni Advances Strategic Growth with Large Scale Gas Find Supporting Future Production Hubs in Indonesia, exploration drilling, Geliga 1, Indonesia offshore, Kutei Basin, LNG, natural gas discovery, PETRONAS, Searah, Sinopec, Southeast Asia energy, upstream energy
(IN BRIEF) TotalEnergies has agreed to acquire a 42.5 percent operated stake in Namibia’s offshore PEL104 exploration license from Eight Offshore Investments Holdings and Maravilla Oil & Gas, which will make it the operator alongside Petrobras, Namcor and Eight once … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, Technology
Tagged deepwater exploration, Eight Offshore Investments Holdings, exploration license, joint venture, Lüderitz Basin, Maravilla Oil & Gas, Mopane discovery, NAMCOR, Namibia, Nicolas Terraz, offshore exploration, PEL104, Petrobras, TotalEnergies, TotalEnergies Becomes Operator of PEL104 Exploration License in Lüderitz Basin, TotalEnergies Expands Offshore Namibia Portfolio with Operated Stake in PEL104, upstream energy, Venus discovery
(IN BRIEF) TotalEnergies has signed an agreement extending the Waha oil concessions in Libya until the end of 2050, establishing new fiscal terms that support increased production and future investment. Signed during the Libya Energy & Economy Summit in Tripoli, … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities, Investment
Tagged Abdul Hamid Dbeiba, barrels of oil equivalent, ConocoPhillips, energy investments, Libya, Libya Energy and Economy Summit, long-term concessions, National Oil Corporation, North Gialo field, oil production, Patrick Pouyanné, TotalEnergies, TotalEnergies Extends Waha Oil Concessions to 2050 to Support Production Growth in Libya, TotalEnergies Reinforces Long-Term Presence in Libya with Waha Concession Extension, upstream energy, Waha concessions, Waha Oil Company
(IN BRIEF) Vitol has acquired a 30 percent stake in the Baleine offshore project in Côte d’Ivoire from Eni, joining Petroci in a partnership that underscores the project’s national and regional importance. Now structured as Eni 47.25 percent, Vitol 30 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland
Tagged Africa’s first net-zero development, Baleine project, Block 4 Ghana, Cote d’Ivoire, energy security, Eni, gas production, net-zero development, OCTP project, offshore development, oil production, PetroCi, Phase 3 expansion, sustainability, upstream energy, Vitol, Vitol acquires 30 percent stake in Côte d’Ivoire’s Baleine offshore project, Vitol expands upstream presence with acquisition in Côte d’Ivoire’s flagship Baleine oil and gas project, West Africa
(IN BRIEF) ORLEN Upstream Norway, with operator Aker BP and partners Equinor and Petoro, has confirmed the largest oil discovery on the Norwegian Continental Shelf in 2025, with estimated recoverable volumes of 96–134 million barrels of oil equivalent. The Omega … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Norway, Poland, Technology
Tagged Aker BP, E-prospect, Equinor, geo-steering technology, horizontal wells, hydrocarbons, mmboe, North Sea, Norwegian Continental Shelf, offshore drilling, oil discovery, Omega Alpha, ORLEN 2035 Strategy, ORLEN Group, ORLEN Upstream Norway, partnership, Petoro, reservoir exposure, Skarv field, sustainability, upstream energy, Wiesław Prugar, Yggdrasil
(IN BRIEF) SGS has agreed to sell its Netherlands-based Subsurface Consultancy (SSC) business to Sproule, a Canadian energy consultancy firm. The SSC provides services such as reserves certification, seismic interpretation, and integrated reservoir studies to clients in the upstream energy … Read the full press release
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