Assala Energy has encountered hydrocarbons at the Magoga-A exploration well in the Mutamba Iroru Licence II offshore Gabon, confirming an 8-meter hydrocarbon interval in the Gamba Sandstone formation. SourceContinue Reading
TotalEnergies has restarted production at Libya’s Mabruk oil field with a new 25,000-bpd facility, marking the return of output from the onshore field after operations halted in 2015. SourceContinue Reading
Oceânica Engenharia has secured $736 million in long-term offshore service contracts with Petrobras, covering subsea support vessels and ROV operations for inspection, maintenance and intervention work through 2031. SourceContinue Reading
JERA has agreed to transfer its equity interests in Australia’s Gorgon and Ichthys LNG projects to MidOcean Energy as part of a portfolio realignment while maintaining LNG procurement from both facilities. SourceContinue Reading
World Oil/Gulf Energy Information’s Deepwater Development Conference continued in high gear in Lisbon on Wednesday, featuring a Contractors’ Panel, two solo speakers, and three themed technical sessions. The participants represented a wide mix of service companies and operators. SourceContinue Reading
Acteon has acquired Houston-based EPC specialist Upstream Engineering, expanding its offshore engineering capabilities and strengthening its fixed platform and SURF service offerings. The deal combines platform design expertise with subsea engineering to support lower-cost offshore field developments worldwide. SourceContinue Reading
The U.S. Interior Department’s latest Gulf lease sale generated nearly $47 million in high bids for 25 offshore blocks, signaling continued industry interest in deepwater exploration. SourceContinue Reading
Battalion Oil has agreed to acquire 7,090 net acres in Ward County, Texas, expanding its Monument Draw position in the Permian basin and adding new drilling locations targeting the Wolfcamp and Bone Spring formations. SourceContinue Reading
LNG suppliers including Shell have declared force majeure on contracts after a shutdown at Qatar’s massive Ras Laffan export facility, highlighting the ripple effects of supply disruptions in the global gas market. SourceContinue Reading
Eco Atlantic has agreed to acquire JHI Associates in a deal valued at about $52 million, gaining offshore exploration interests in the North Falkland basin and Guyana’s Canje block. SourceContinue Reading
