Upstream news updates

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).

The International Gas Union (IGU) and Hawilti, supported by Africa Finance Corp., have released the second edition (2025) of Gas for Africa Report.

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%.

OML 118 is an offshore Nigerian license that includes Bonga producing field, in which NAE holds non-operating interests.

The company is addressing outstanding issues including securing payment mechanisms for gas sales and an updated plan of development for the Jubilee oilfield.

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.

This development is part of a sequence of recent achievements in Egypt’s oil and gas exploration activities.

An independent study commissioned by Ithaca Energy and endorsed by OEUK shows that 65% of UK crude production ultimately serves the UK market through the European refining network.

Report notes that contractors have become central to the industry’s decarbonisation efforts.

Matthew Snape and Jennifer Knopf, Vink Chemicals, and Matt Streets, Rawwater, discuss long term preservative biocides for biogenic souring control.

Martin Harrop, Offshore Analysis Manager at Aquaterra Energy, discusses how offshore engineering analysis is becoming increasingly valuable in offshore oil, gas, and energy-transition projects.

Ocean services provider DeepOcean has been awarded a contract to provide subsea construction and tie-in work at a subsea field development on the UK continental shelf.

Liability figure points to significant opportunities for the decommissioning industry.

Under the contract, Wood will manage engineering, procurement and construction projects.

Oil giant ConocoPhillips says that is has struck gas off the coast of southeastern Australia after beginning its maiden exploration drilling on November 1, according to Reuters.

GeoComputing signs agreement with Murphy Oil subsidiary for RiVA platform deployment.

Tekmar Group plc, a leading provider of asset protection technology and offshore energy services, has announced it has won a new contract valued in excess of €3.5 million to supply cable protection technology to a major offshore energy project in the Middle East, with delivery scheduled by June 2026.

The announcement was made at the United Nations Climate Change Conference (COP30) in Belém, Brazil.

K2 Oilfield Services Pte Ltd, operating as K2 Energy Group (K2), has announced the acquisition of the global hazardous-area inspection services business of Eutex Inc. (Eutex), a portfolio company of Sutherland Holdings International, through its purchase of Eutex International Pte Ltd in Singapore.

PXGEO has been awarded two significant contracts from Petrobras-led consortia, to deliver seismic data acquisition and monitoring services in the Santos Basin.

AGR’s resourcing services business has entered into a five-year frame agreement to deliver technical personnel and workforce to Vår Energi.

TotalEnergies (40%, operator) and its partners QatarEnergy (35%) and Petronas (25%) have signed a production sharing contract for Block S4 with Guyana’s Ministry of National Resources represented by His Excellency Vickram Bharrat, following the block’s 2023 award in the Guyana 2022 Licensing Round.

Octasense captures eight critical insights in a single descent, potentially saving millions of US dollars per campaign.

Vallourec has been awarded a second time by TotalEnergies to supply casing, tubing, and associated accessories for the drilling of 48 wells for the Associated Gas Upsteam Project 2 (AGUP2) Project, one of the main components of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies in Iraq, alongside its partners Basra Oil Co. and Qatar Energy.