Petrobras and Equinor Big Winners in Brazil’s Offshore Oil and Gas Auction
Brazil’s state-run oil firm Petrobras and Norway’s Equinor were the big winners in a Wednesday auction for areas in Brazil’s…
International
Petrofac Faces Restructuring Challenges After TenneT Contract Termination
Petrofac announced that TenneT has terminated its scope of work on the 2GW programme, prompting the company to reassess its…
International
Aker BP swings to $285 mln profit in Q3, unveils major North Sea oil find
Norwegian oil and gas exploration and production company Aker BP on Wednesday posted a return to profit in the third…
International
BP confirms discovery in Namibia’s Orange Basin
BP confirmed the preliminary results of the Volans-1X exploration well in Namibia’s Orange Basin. Petroleum Exploration License 85 (PEL85), where…
International
The Wider African Energy Summit (WAES) 2025 to Connect Operators, Service Providers with Emerging African Opportunities
A strong slate of international operators and service companies are participating at the conference this November ABERDEEN, Scotland, October 20,…
International
Egypt to Drill 480 Oil & Gas Exploration Wells in Five Years
Worth USD 5.7 billion, the wells will be drilled across several major regions, including the Western Desert, the Mediterranean Sea,…
International
Petrofac confirms restructuring will leave shareholders ‘no residual value’
Struggling energy infrastructure company Petrofac has announced its proposed restructuring will result in “no residual value” for existing shareholders. Petrofac,…
International
bp awards $700 million in contracts for Shah Deniz offshore gas project
The bp-led Shah Deniz consortium has awarded three major offshore contracts worth approximately $700 million to the Saipem and BOS…
International
Egypt plans to drill 480 oil wells over five years
Out of the 480 exploratory oil wells, 101 are scheduled for 2026. Egypt has announced an ambitious plan to drill…
International
Santos CFO resigns after one year amid corporate transition, M&A fallout
Santos Ltd. announced that Chief Financial Officer Sherry Duhe has resigned after just one year in the role, marking another…
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