Petrobras has revealed plans to invest $16 bln in the Campos Basin revitalisation project and $5.5 bln in extraction activities in Brazil.
Longboat has executed a farm-in agreement with OMV for two prospects on the NCS, boosting its net unrisked mean resources by 68 per cent.
Trident and JV partners for Block G – located offshore Equatorial Guinea – have agreed to extend their Production Sharing Contract (PSC).
Japan Drilling Co. (JDC) has been awarded a new deal for one of its jack-up rigs by Petronas Carigali for operations offshore Malaysia.
Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.
Repsol has experienced production interruption at its operated Yme field located offshore Norway but the field has now been restarted.
Japan’s oil and gas player Inpex has started exploratory drilling operations offshore Shimane and Yamaguchi prefectures in Japan.
Equinor is extending its contracts with Baker Hughes, Halliburton, and Schlumberger for integrated drilling and well services.
LLOG has decided to reuse what was previously the world’s deepest floating production platform for the development of its new deepwater project in the Gulf of Mexico. The repurposed hub is expected to speed up the first oil from the project.
Equinor and Aker BP have inked a deal for the transfer of operatorship, allowing the latter to take the operator helm in the NOAKA area.
Wintershall Dea’s new project is putting the wheels into motion to decarbonise the German industry with the help of hydrogen and CCS.
The European Union has proposed a ban on all Russian oil imports, aiming to phase out Russian crude oil within six months and refined products by year-end.
BP intends to invest up to £18 billion (about $22.5 billion) in the UK’s energy system by the end of 2030.
Empyrean has revealed its intention to proceed with the second phase of exploration off China by drilling another high-impact prospect.
