Oil & gas news

The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that, for various reasons, have yet to be developed. Several of these discoveries could be produced in a manner that is profitable from a socio-economic perspective.

The facility will radically increase the operational capacity for BiSN in the Asia-Pacific region, creating several local jobs.

At the ‘Eliminating Methane Emissions by 2030’ roundtable with the COP28 Presidency, TotalEnergies announced the signing of three cooperation agreements with national oil and gas companies to carry out methane detection and measurement campaigns using the AUSEA technology.

Jadestone Energy has announced that the final well in the Company’s 2023 East Belumut field drilling campaign offshore Peninsular Malaysia has now been completed.

The company has announced the appointment of John Spath as Executive Vice President and Head of Operations, effective immediately. Mr. Spath will have responsibility for the company's upstream business operations.

The latest win marks the eighth project collaboration between BrasFELS and MODEC, reflecting the long-standing partnership the two organisations have enjoyed for more than a decade.

The company has secured a well management contract with Apus Energia Guinea-Bissau S.A. for a deepwater exploration well in the Sinapa license offshore Guinea-Bissau, with drilling set to commence in the summer of 2024.

The voluntary charter was launched by COP28 President, Dr Sultan Al Jaber, and signed by 50 global oil and gas companies, including some that have adopted net zero 2050 targets for the first time.

Equinor sells its Nigerian business, including its share in the Agbami oil field, to Nigerian-owned Chappal Energies.

According to Wood Mackenzie, OPEC+ is preparing for 2024 demand uncertainty by retaining current targets and agreeing to voluntary cuts.