Oil & gas news

The agreement will become effective after the approval of the Uruguayan authorities.

Size of UK underwater market grows to £9.4 billion, but current UK govt policy is having negative impact.

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.

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.