The Government of Sierra Leone Signed a Contract with Marginal Energy for Hydrocarbon Production in the Country
The deal value amounts to 225 million United States dollars The Government of Sierra Leone has signed an agreement with Nigerian company Marginal Energy for the exploration and production of hydrocarbons on the country’s continental shelf.This was reported by the Petroleum Directorate of Sierra Leone (PDSL). The licence covers five …
TotalEnergies Signed Exploration Agreement with Turkey’s TPAO
French TotalEnergies has signed a Memorandum of Understanding (MoU) with Turkey’s Türkiye Petrolleri Anonim Ortaklığı (TPAO) предусматривающий развитие сотрудничества в сфере геологоразведки. This was reported by the company’s press service. The agreement is aimed at conducting exploration activities in the Black Sea, as well as implementing joint projects at the …
TotalEnergies Created the Largest Independent Hydrocarbon Producer in the United Kingdom
The French company TotalEnergies has completed the merger of its upstream business in the United Kingdom with NEO NEXT and created the combined group NEO NEXT+.This was reported by the company’s press service. The combination of upstream assets of TotalEnergies and NEO NEXT Energy Ltd in the North Sea is …
Dragon and Beyond: Shell Agreed with Venezuela on Cooperation in Hydrocarbon Exploration and Production
Shell has signed a number of agreements with Venezuela on cooperation in hydrocarbon exploration and production. The documents were signed on March 5, 2026, in Caracas at the headquarters of Petroleos de Venezuela S.A. (PDVSA). Bergam’s Visit The signing took place in the presence of US Secretary of the Interior …
Sierra Leone to Auction 60 Offshore Oil and Gas Blocks at the End of the Year
Sierra Leone will delay its new oil and gas auction until the end of the year as the country awaits results from a large-scale seabed survey that has just concluded — the first such study in over ten years, according to Reuters. Last month, the company GeoPartners, together with the …
Shell and Partners to Increase Gas Production Capacity at Ormen Lange by 50 Billion Cubic Meters
To increase production volumes at the Norwegian gas field Ormen Lange, a consortium led by Shell has commissioned two new subsea compression stations. This step is aimed at accelerating the development of gas reserves supplied to European markets. According to Shell, the commissioning of the compressors will increase the gas …
The Gulf of Mexico Will Save the U.S. from a Sharp Decline in Oil Production
Oil production in the United States is likely to decline next year, but the scale of the downturn will be significantly reduced thanks to the Gulf of Mexico. According to Wood Mackenzie, offshore producers in the Gulf are expected to add 300,000 barrels per day in 2025, and an additional …
TotalEnergies Sells Its Stake in Nigeria’s Bonga Field Development Project to Shell
TotalEnergies EP Nigeria (TEPNG), a subsidiary of France’s TotalEnergies, has signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo), a subsidiary of Shell, to sell its 12.5% stake in the Production Sharing Contract (PSC) for OML 118. This information comes from a joint statement by the companies. …
Gazprom Subsidiary Consolidates Assets in the Khanty-Mansi Autonomous Okrug
Salym Petroleum Development (SPD) Oil Company from the Khanty-Mansi Autonomous Okrug, a subsidiary of Gazprom Neft, has begun a reorganization process. It will merge with the firm Salym-2 from Khanty-Mansiysk. “The company notifies about the reorganization in the form of a merger with Salym-2 LLC. Creditors’ claims may be submitted …
Gazprom Neft Has Renamed “GPN-Middle East Projects” to “Western Asia”
The subsidiary of Gazprom Neft, Limited Liability Company GPN-Middle East Projects, has been renamed Limited Liability Company Western Asia. The name change was registered on May 7, according to data from the Unified State Register of Legal Entities of the Russian Federation (EGRUL). Gazprom Neft established GPN-Middle East Projects exactly …