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Norway's OKEA announces new discovery at Brage field in North Sea, increasing resources, with production start scheduled for 2027.Norwegian oil company OKEA has discovered oil in the Talisker West segment near the Brage field in the North Sea, with a significant upward revision of resource estimates. According to OKEA, as the Talisker Statfjord formation has matured further, th
Petrobras acquires full interest in Campos Basin oil fieldPetrobras recently exercised its preemptive right to acquire a 50% stake held by Petronas in the Tartaruga Verde oil field and the Espadarte Module III development project in the Campos Basin, Brazil, for $450 million. This move will allow Petrobras
Oil Giant Announces Major Oil and Gas DiscoveryOn March 17, 2026, Italian energy giant Eni announced a major natural gas discovery offshore Libya, drawing widespread attention in the international oil industry. According to the company's statement, two exploration wells located south of the Bahr
Norwegian oil giant Equinor is divesting from African assets to refocus on the Americas
Recently, sources revealed that Equinor, Norway's largest oil and gas producer, is planning to sell stakes in multiple offshore oil fields in Angola. The company has hired financial advisors to seek potential buyers while intending to retain a minor
Valeura Energy brings three new wells on stream at its Manora oil field in Thailand, increasing productionAccording to a March 9 release from Valeura Energy, the company has completed an infill drilling program at the Manora oil field, located in Block G1/48 in the Gulf of Thailand. The program involved drilling two infill development wells and one appraisal well.
Woodside Energy and Pemex launch Trion oilfield drilling campaign in the Gulf of MexicoWoodside Energy and Mexico's state-owned oil company Pemex have launched a drilling campaign for the Trion field in the ultra-deep waters of the U.S. Gulf of Mexico. The drilling program includes 24 subsea wells that will be connected to a floating p
PlanET Biogas India and Delta Bio Gas collaborate to develop a 12-tonnes-per-day compressed biogas (CBG) plant in Andhra Pradesh, IndiaPlanET Biogas Group GmbH's subsidiary, PlanET Biogas India Private Ltd., has announced a partnership with Delta Bio Gas Private Limited, based in Hyderabad, to jointly develop a 12-tonnes-per-day compressed biogas (CBG) plant in the Palnadu district.
Norwegian company Equinor discovers new oilfield "Omega South" in the Snorre area of the North SeaNorwegian state-owned energy company Equinor and its co-venturers have successfully drilled a commercial oil discovery, Omega South, in the Snorre area, approximately 200 kilometers northwest of Bergen in the North Sea. The discovery was made on the
Vaalco Energy Secures Operatorship of Kossipo Field in Ivory Coast to Boost Oil and Gas Development in AfricaU.S. energy company Vaalco Energy has acquired a 60% operating interest in the Kossipo offshore field in Ivory Coast, with the national oil company PetroCI holding the remaining 40% stake. This transaction marks a significant advancement for Vaalco i
QatarEnergy Awards North Field West Onshore LNG Contract to Technip Energies-Led Joint Venture
QatarEnergy has awarded the engineering, procurement, and construction (EPC) contract for the onshore liquefied natural gas (LNG) facilities of its North Field West (NFW) project to a joint venture comprised of Technip Energies, Consolidated Contractors Company (CCC), and the Qatar-based firm Galfar Al Misnad.
Norway's Oil and Gas Output Surpasses Projections in January
Norway’s combined oil and gas production exceeded official forecasts by 5.6% in January, according to the Norwegian Offshore Directorate (NOD).
As Western Europe’s largest supplier of natural gas and a significant oil producer, Norway’s output leve
The Layout and Technology Export of China's Three Oil Giants in AfricaChina's Three Oil Giants began their large-scale entry into Africa as early as the 2000s and have now become significant players in the continent's oil and gas sector.
China National Petroleum Corporation (CNPC)
Africa is one of the earliest regio
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