Eni acquires from YPF shares in the exploration Block OFF-5 offshore Uruguay
The agreement will become effective after the approval of the Uruguayan authorities.
The latest upstream news
Advertisement
This spotlight session reviews and discusses Nanoprecise’s recent article for Oilfield Technology, entitled ‘Powering Oil and Gas Operations with AI’
Growing risk of UK offshore energy supply chain relocating overseas due to project delays, survey finds
Size of UK underwater market grows to £9.4 billion, but current UK govt policy is having negative impact.
Oil India completes capping operation at Kharsang oilfield after blowout
Oil India Ltd (OIL) has finalised the capping of oil well KSG 76 at the Kharsang oilfield in the Indian state of Arunachal Pradesh following a blowout that resulted in an uncontrolled gas release.
Inchcape shipping services opens new office in Geoje, Korea
This expansion increases Inchcape’s footprint in South Korea to three offices - Seoul, Busan, and now Geoje, covering 23 ports nationwide.
Upcoming oil events
Subsea Expo 2026
04 Feb 2026 - 05 Feb 2026
P&J Live
The Event Complex Aberdeen (TECA),
E Burn Rd,
Aberdeen,
AB21 9FX,
United Kingdom
World Pipelines CCS Forum - London 2026
18 Mar 2026 - 18 Mar 2026
Park Plaza, London Riverbank
18 Albert Embankment,
Vauxhall,
City of London,
SE1 7TJ,
United Kingdom
Nigeria: TotalEnergies completes the divestment of its non-operated interest in the Bonga Field
TotalEnergies announces that its subsidiary TotalEnergies EP Nigeria (TEPNG) has completed the divestment of its 12.5% non-operated interest in the OML118 Production Sharing Contract (PSC).
A second edition of the Gas for Africa Report has been released
The International Gas Union (IGU) and Hawilti, supported by Africa Finance Corp., have released the second edition (2025) of Gas for Africa Report.
Shell completes acquisition of increased interest in Nigeria’s deep-water Bonga field
Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell plc, has completed the previously announced agreement and increased its stake in the OML 118 Production Sharing Contract (OML 118 PSC) from 55% to 65%.
Eni increases its stake in Nigerian deepwater block OML 118
OML 118 is an offshore Nigerian license that includes Bonga producing field, in which NAE holds non-operating interests.
Tullow Oil moves forward on Ghana licence extensions and gas agreement
The company is addressing outstanding issues including securing payment mechanisms for gas sales and an updated plan of development for the Jubilee oilfield.
RH Petrogas begins drilling Karim-1 exploration well in Indonesia
The project is located within the Kepala Burung production sharing contract (PSC), specifically in the Arar block, approximately 23km east of the company’s existing Arar production cluster.