Upstream news

BW Energy has signed a letter agreement to acquire shares in Reconnaissance Energy Africa and 20% interest in onshore exploration license PEL 73 in Namibia.

TotalEnergies has announced that its subsidiary TotalEnergies EP Nigeria signed a sale and purchase agreement (SPA) with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria.

PETRONAS has announced that the Jerun field in Block SK 408 located approximately 160 km off the coast of Sarawak, offshore Malaysia has recently achieved its first gas production.

Zephyr Energy has announced the commencement of the well production test on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah.

Wood has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude floating liquified natural gas (FLNG) facility in Western Australia.

The Prax Group has announced the signing of an agreement to acquire TotalEnergies’ interests in the Greater Laggan Area fields and the onshore Shetland Gas Plant, as well as its interests in several nearby exploration licenses.

The Vår Energi operated Cerisa exploration well in production license PL 636 was successful with estimated gross recoverable resources of between 18 – 39 million boe.

Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.

ONGC and Indian Oil Corporation has signed a memorandum of understanding (MoU) to establish a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.

PETRONAS, through Malaysia Petroleum Management (MPM) has awarded a late life asset production sharing contract (LLA PSC) for Banang field, located offshore Peninsular Malaysia to Petra Energy Development Sdn. Bhd. (PEDSB), a wholly owned subsidiary of Petra Energy Berhad.