Activity in the oil and gas sector increased slightly, and production was mixed in fourth quarter 2024, according to executives at exploration and production (E&P) firms responding to the Dallas Fed Energy Survey. SourceContinue Reading
Trillion Energy has announced the continuation of the velocity string tubing program on two tripods after previously completing operations on the Akcakoca platform in late November. SourceContinue Reading
Kosmos Energy notes the announcement from bp plc (operator) that first gas production has been achieved at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project offshore Mauritania and Senegal. SourceContinue Reading
(Bloomberg) – President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some U.S. coastal waters, locking in difficult-to-revoke protections for sensitive marine areas during his final weeks in the White House. SourceContinue Reading
CNOOC has commenced production from its Panyu oilfield joint development project, the company announced. The project is expected to achieve a peak production of approximately 13,600 boed in 2025. SourceContinue Reading
Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies. Under terms of the agreement, Vantage will operate the Tungsten Explorer for a ten-year term with the option to extend. SourceContinue Reading
Petrobras has released a news statement regarding a Brazilian government enacted law which addresses the possibility of transfer of local content surpluses among contracts in exploration and production of oil and natural gas. SourceContinue Reading
ADES Holding Company has received a Letter of Award (LOA) from PTTEP Energy Development Company Limited (PTTEP) for an offshore jackup drilling contract in the Gulf of Thailand with an estimated backlog of SAR 1.035 billion. SourceContinue Reading
(Bloomberg) – Senegal’s economic growth rate surged to a record in the third quarter as the West African nation began exporting oil, with the International Monetary Fund predicting a 9.3% expansion next year. SourceContinue Reading
(Bloomberg) – BP Plc’s Greater Tortue Ahmeyim project started producing gas from offshore fields in Senegal and Mauritania, and both countries expect deliveries soon in a boost to economic growth. SourceContinue Reading
