New Xodus research estimates Australia’s full offshore oil and gas decommissioning liability at $43.6 billion—down from 2020 projections—reflecting rising efficiency and improved cost forecasting. SourceContinue Reading

BW Energy’s Kharas-1 appraisal well has confirmed the first liquid hydrocarbons in Namibia’s offshore Kudu block, delivering key subsurface data and shaping the operator’s next appraisal steps. SourceContinue Reading

Pakistan Petroleum Ltd. is constructing an offshore artificial island in the Arabian Sea to support continuous oil and gas exploration. The island—located 30 km off Sindh’s coast—will enable round-the-clock drilling operations as Pakistan accelerates its offshore program following renewed interest in its resource potential. SourceContinue Reading

DNO has reshaped its North Sea portfolio by divesting its Ekofisk PPF stake and acquiring new interests in the Verdande field and Cassio prospect, advancing a strategy focused on near-term cash flow and quick-cycle development. SourceContinue Reading

ExxonMobil, Chevron, ADNOC and Carlyle are evaluating parts of Lukoil’s international portfolio as U.S. sanctions set to take effect in December accelerate the Russian producer’s efforts to divest global assets, including stakes in Iraq’s West Qurna 2 field and operations in Uzbekistan. SourceContinue Reading

At the Wider African Energy Summit in Aberdeen, operators and industry groups highlighted how UK offshore engineering and project-delivery expertise could help African nations accelerate upstream growth, strengthen gas monetization and improve emissions performance. SourceContinue Reading

The U.S. Treasury says its latest sanctions on Rosneft and Lukoil are pushing Russian crude prices to multi-year lows and prompting major Indian and Chinese buyers to pause December purchases. Officials warn additional measures may follow as the U.S. targets Moscow’s oil revenue. SourceContinue Reading

Turkey’s state energy company TPAO plans to issue as much as $4 billion in Islamic debt to accelerate oil and gas production growth, including Black Sea gas expansion and Southeast Turkey unconventional development. The debut sukuk will also support international projects in Libya, Oman, Pakistan and more. SourceContinue Reading

TechnipFMC has landed a substantial iEPCI™ contract for Eni’s Maha deepwater project offshore Indonesia—the first use of Subsea 2.0® technology in the country and a new tieback to the Jangkrik FPU. SourceContinue Reading

Transocean has picked up $89 million in new backlog after operators in Brazil, Norway and Romania exercised options on three of its floating rigs, underscoring steady demand for ultra-deepwater and harsh-environment capacity. SourceContinue Reading