Chevron Expands Angola Assets
Chevron has signed two risk service contracts (RSCs) for Block 49 and Block 50 in the ultra-deepwater Lower Congo Basin of Angola through its Angolan subsidiary Cabinda Gulf Oil Company Limited, kicking off exploration work and laying the groundwork for development of the blocks, the African Energy Chamber said in …
Eni to Sell 30% in Ivory Coast’s Baleine Project
Italy’s Eni is considering selling its exploration business in Ivory Coast. The company could sell up to 30% of the business, raising €1 billion, Bloomberg reports. The offer has already attracted interest from Asian buyers, the agency’s sources said. The discussions are at an early stage, so Eni is still …
Iran to Sign Oil Contracts Worth $2 Billion
National Iranian Oil Company (NIOC) CEO Mohsen Hojasteh Mehr said Iran plans to sign oil development contracts worth more than $2 billion. Agreements will be signed for the development of the Changule and Band-e-Karhe fields, as well as for the purchase of crude oil refining services. Under the current government, …
Surgutneftegaz in 2023 Obtained 56.4 Million Tons of Oil and 7 Billion Cubic Meters of Gas
The head of the company Vladimir Bogdanov reported that Surgutneftegaz is counting on the preservation of oil production in 2024 at 2023. Surgutneftegaz oil production in 2023 amounted to 56.4 million tons, and gas – 7 billion cubic meters, the company reports. “In 2023, the volume of oil production of …
Mud Volcanoes in the Barents Sea Could Open up New Prospects for Oil and Gas Exploration
The EXTREME24 expedition discovered 10 new mud volcanoes in the western part of the Barents Sea off the coast of Norway at a depth of 440-480 meters, Offshore reports The team on board the research vessel Kronprins Haakon included Rune Mattingsdal, a geologist from the Norwegian Maritime Directorate (NOD), and …
TotalEnergies Advances Block 58 Project in Suriname
On the occasion of the Suriname Energy Oil and Gas Summit 2024, Javier Rielo, Senior Vice President Exploration & Production Americas at TotalEnergies, and Annan Jagesar, CEO of Staatsolie Maatschappij Suriname NV, the National Oil Company of Suriname, announced important steps towards a final investment decision for the development of …
Shell to Be Allowed to Drill Again on South Africa’s Wild Coast Subject to Public Consultation
The South African Court of Appeal has overturned a previous ruling and allowed Shell to explore for oil and gas on South Africa’s environmentally sensitive offshore strip along the pristine Wild Coast. There is a catch: Shell must consult with the public before starting work. In fact, the lack of …
Kazakhstan to Launch Large-Scale Offshore Project
In 2026, construction of offshore platforms will begin for the joint venture of KazMunayGas and LUKOIL. In Kazakhstan, development of the Kalamkas-Sea and Khazar offshore oil and gas fields is beginning. The project is planned to attract more than $6 billion in direct investment. Up to 2,000 new jobs will …
ExxonMobil Will Explore Opportunities to Develop Hydrocarbon Resources in Algeria’s Ahnet and Gourara Basins
Algeria’s national oil and gas company Sonatrach and the American ExxonMobil have signed a Memorandum of Understanding (MoU). This was reported by the Sonatrach press service. The MoU was signed in the presence of Sonatrach CEO R. Hachichi and ExxonMobil Vice President for Exploration and New Opportunities D. Ardill. It …
Chinese CNOOC Will Search for Oil and Gas in Mozambique
The Chinese state oil company, specializing in offshore drilling and production, signed concessions with the Mozambique authorities for 5 offshore blocks at once. The Chinese offshore CNOOC signed concession agreements with the authorities of Mozambique for the exploration and production of oil in five offshore blocks with an area of …