Upstream news

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.

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

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

In this interview, Senior Geophysicist Ameur Hamdane discusses how FWI is sharpening subsurface clarity, reducing drilling risk, and enabling new energy applications. Interview by Ellen F. Warren.

Danny Constantinis, EM&I, Malta, addresses methods of maintaining the integrity of Floating Production Units (FPUs) and Floating Production, Storage, and Offloading (FPSO) assets.

bp has provided an update following its significant hydrocarbon discovery at the Bumerangue block, located in the pre-salt Santos Basin, offshore Brazil.

On average, the platform’s production exceeded 250 000 bpd throughout the month of October, representing a volume above its nominal capacity of 225 000 bpd.

Rystad Energy’s oil market update 23 September 2025.

The GGIP aims to sustainably develop Iraq’s natural resources to improve the country’s electricity supply while contributing to its energy independence and reducing its greenhouse gas (GHG) emissions.