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Oil field
Kazakhstan's Tengiz Oil Field Resumes Production with Output Gradually Increasing
Kazakhstan's largest oil field, the Tengiz oil field, has begun to resume oil production. The field is operated by Tengizchevroil, a joint venture led by Ch…
Lion Energy Discovers Potential Oil Field on Seram Island, Indonesia
Australian-listed company Lion Energy Limited recently issued an announcement, revealing the discovery of a potential oil field in the Bula Bay area on Seram Is…
Crude Oil
Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, recently visited the Gulf of Suez region to inspect the drilling progress of Well No. 133…
Oil Field
New Oilfield Development Project Comes Online Offshore China
China National Offshore Oil Corporation (CNOOC) has commenced production at the Weizhou 11-4 oilfield adjustment and satellite fields development project in the…
Oil Field
UK Eases North Sea Oil and Gas Licensing for Existing Fields
The UK Government has adjusted its North Sea oil and gas licensing policy in the latest Budget, allowing new production licences where activities are tied to ex…
Oil Field
Ithaca Signs Farm-in Agreement With Shell for Tobermory Discovery in UK
Ithaca Energy, a UK-based oil and gas operator, has entered into a farm-in agreement with Shell UK. The agreement grants Ithaca Energy a 50% working interest in…
Oil Field
Petrobras and Equinor Big Winners in Brazil’s Pre-Salt Auction
The Netherlands will cull around 161,000 chickens at a poultry farm in the central-eastern region of the country after bird flu was detected there, the governme…
Oil Field
McDermott Finishes Debut Subsea Project in Angola for TotalEnergies
U.S. offshore engineering and construction company McDermott has completed its first subsea project in Angola, working with TotalEnergies on the Begonia field d…
Oil Field
Equinor Starts Production in Bacalhau Offshore Brazil
Equinor ASA, along with its partners, has initiated production at the Bacalhau field in Brazil's offshore Santos Basin. The Norwegian energy company, majori…
Oil Field
Exxonmobil Mulls Iraq Reentry With Majnoon Deal
Exxon Mobil Corp. is preparing to return to Iraq after nearly two years, with plans to sign agreements that could pave the way for exploring the country’s…
Oil Field
Vitol Seals Acquisition of 30 Percent Stake in Ivorian Field
Eni SpA, an Italy-based global energy company, has finalized a 30 percent stake sale of the Baleine field offshore Cote d'Ivoire to Vitol Group, reducing En…
Oil Field
Nigeria Approves Shell, Agip Buyout of TotalEnergies’ Stake in Bonga Oilfield
Nigeria’s oil regulator has approved a $510 million agreement by TotalEnergies to sell its 12.5% interest in Oil Mining Lease (OML) 118, which contains the off…
Oil Field
Exxon Greenlights $6.8 Billion Investment for Hammerhead Project in Guyana
Exxon Mobil announced on Monday the approval of funding for its seventh oil development project, named Hammerhead, in Guyana’s Stabroek Block. This milest…
Oil Field
New Zealand Prolongs Oil Production Lifespan of OMV’s 16-Year-Old Field to 2037
OMV New Zealand, a subsidiary of Austria’s OMV, has been granted a 10-year extension of its petroleum mining permit (PMP) 38160 for the Maari oil field, l…
Oil Field
Norway’s Northernmost Oil Field Formally Inaugurated
Equinor officially inaugurated the Johan Castberg oil field on August 8. This marks Norway’s northernmost oil development and the third producing field in…
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