Abu Dhabi National Oil Company (ADNOC) has marked a significant stride in its international expansion by acquiring a 10% interest from Galp in the Area 4 concession of the Rovuma Basin in Mozambique. This acquisition, pivotal in ADNOC’s international growth strategy, entitles ADNOC to a share of the liquefied natural gas (LNG) production from the […]
Equinor and its partners have approved the phase 1 development of the Bacalhau oil field in the Santos Basin, offshore Brazil with an investment of around $8 billion. The Bacalhau field spans across the BM-S-8 and the Norte de Carcará licenses. First oil from the offshore Brazilian oil field is targeted for 2024. Equinor is […]
Upstream industry news : Petrobras and its partners Royal Dutch Shell and Galp have started production from the Lula North project in the Santos Basin in Brazil through the P-67 floating production and storage offloading vessel (P-67 FPSO). The Lula North deepwater field is located in the BM-S-11 concession, which is operated by Petrobras, through […]