Petrobras signs agreements with major Chinese companies
The company has signed four memorandums of understanding (MOUs) with China Energy, SINOPEC, CNOOC and Citic Construction, China's main oil and energy groups.
Exploration
New oil discovery in the Gulf of Suez
Cheiron has announced a new oil discovery near the GNN oil field in the Gulf of Suez.
Shell and Deltic started surveying on exploration well in the North Sea
Deltic Energy has been informed by the licence operator Shell UK Ltd that site survey works associated with the Selene exploration well location have commenced.
Wood Mackenzie: Oil and gas exploration spending to recover from historic lows
Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.
ADNOC to acquire 30% equity stake in Absheron gas field
Abu Dhabi National Oil Company (ADNOC), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies have announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea.
TotalEnergies sells 15% interest in Absheron gas field to ADNOC
After completion of this transaction, which is subject to the approval by the relevant authorities, TotalEnergies will own a 35% interest in Absheron gas field, alongside SOCAR (35%) and ADNOC (30%).
Rystad Energy: Conventional oil and gas exploration activity grows, but discovered volumes remain elusive
Spending on conventional oil and gas exploration is rebounding and is expected to top US$50 billion this year, according to Rystad Energy.
Trillion announces farm-in for oil exploration blocks in Turkey
Trillion energy has announced farm-in agreement for three oil exploration blocks in southeast Turkey.
University of Aberdeen research identifies North Sea gas ‘super basin’
The ‘World-class’ study has highlighted CCUS potential for a North Sea ‘super basin’.
OMV announces new gas discovery in Austria
OMV have announced a new gas discovery in Austria, representing the country’s largest natural gas discovery in 40 years.
PETRONAS make multiple discoveries in Malaysia’s Sarawak basin
PETRONAS has made six oil and gas discoveries in five blocks off the coast of Sarawak, Malaysia.
Norwegian gas important for Europe’s energy security
Torgeir Strodal spoke at the Roundtable conference in Molde, Norway, about the importance of Norwegian gas supplies in Europe.
Letter of award signed for Otway Basin exploration drilling rig
3D Oil has announced that ConocoPhillips Australia has issued a letter of award for a drilling project on the southern coast of Australia.
Shell makes further deep-water discovery offshore Namibia
Shell, QatarEnergy and NAMCOR have completed the drilling of a deep-water offshore well off the coast of Namibia.
Norway logs largest hydrocarbon discovery in 10 years
DNO has announced a gas discovery in the North Sea, Norway’s largest in a decade.