BP Exploration Operating Company Limited has achieved a significant milestone by securing the Production Sharing Contract for the coveted NCMA 2 block off Trinidad’s northern coast. The deal, finalized on 19 November 2024, underscores Trinidad and Tobago’s growing appeal as a destination for offshore energy investments. This award is part of the nation’s Shallow Water […]
TGS, a leading global provider of energy data and subsurface intelligence, has been awarded a contract to conduct a 2D seismic survey offshore Sumatra, Indonesia. The survey, announced in September 2024, will be conducted using COSL’s HYSY 718 vessel and is expected to cover between 5,500 and 6,500 line kilometers across two regions in the […]
SK Earthon, a subsidiary of South Korea’s SK Innovation, has successfully secured the operatorship of the Ketapu Cluster, located off the coast of Sarawak, Malaysia. This development marks a significant milestone for the company as it strengthens its presence in Southeast Asia’s oil and gas sector. The announcement was made on SK Innovation’s official website, […]
Hibiscus Petroleum Berhad, through its indirect wholly-owned subsidiary Straits Hibiscus Sdn Bhd, has entered into an agreement to acquire a 30% Participating Interest in the Block PM327 Production Sharing Contract from PETRONAS Carigali Sdn Bhd. This strategic farm-in arrangement, which is currently awaiting regulatory approvals, marks a significant step for Hibiscus Petroleum in expanding its […]
QatarEnergy has reached a significant agreement to acquire a 20% working interest in the offshore Block 5 production sharing contract in Suriname. This move marks a notable expansion for QatarEnergy into the South American oil market, highlighting its ongoing commitment to exploring new and promising oil basins. Under the terms of the agreement, Chevron Corporation, […]
In a significant expansion of its offshore portfolio, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) has announced a major acquisition in the Orange Basin, off the coast of South Africa. The oil and gas exploration company, through its wholly owned subsidiary, Azinam South Africa Limited, will acquire a 75% working interest from […]