offshore – Page 2 – Oil & Gas 360

Rhino confirms high-liquid gas condensate discovery at Volans-1X offshore Namibia

October 2, 2025

(World Oil)– Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block 2914A, offshore Namibia’s Orange basin. The find represents the company’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85), where Rhino holds a 42.5% operating interest. The Volans-1X well, spudded on July 31, 2025, with the Northern

ConocoPhillips signs deal to advance offshore gas development in Equatorial Guinea

September 30, 2025

(World Oil)– Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, a deal expected to unlock up to $9 billion in investment and support the country’s ambition to expand its role as a regional gas processing hub. The HOA, signed by ConocoPhillips alongside the Ministry of Hydrocarbons and Mining Development, national

DeepOcean secures Equinor SIMOPRO contract for Åsgard and Visund fields

September 30, 2025

(World Oil)– DeepOcean has been awarded an offshore installation contract by Equinor covering simultaneous marine operations and production (SIMOPRO) on the Norwegian Continental Shelf. The work scope spans two major projects: at the Åsgard field in the Norwegian Sea, DeepOcean will handle riser removal, installation of a new production riser, dynamic umbilical connections from the Berling subsea assets, two static

BP and Total deepen commitments to US with major projects

September 29, 2025

(Investing) – HOUSTON/LONDON -European oil and gas majors BP and TotalEnergies on Monday deepened their commitments to the United States, with BP approving a $5 billion offshore oil field and TotalEnergies buying into an onshore gas field. Higher investment in U.S. oil and gas production aligns with U.S. President Donald Trump’s goal to capitalise on the country’s hydrocarbon resources. BP, which currently produces

Guyana’s oil output rose to 685,000 barrels per day in August

September 24, 2025

(BOE Report) – Guyana’s oil production increased to 685,000 barrels per day in August from 664,000 bpd the previous month, boosted by the start-up of the fourth floating output facility in the South American country, government data seen on Wednesday showed. A consortium led by U.S. energy major Exxon Mobil, which controls all oil and gas output in Guyana, earlier this

Ocean Geophysics and EdgeTech partner to enhance offshore seabed data processing

September 23, 2025

(World Oil) – Ocean Geophysics has partnered with subsea technology specialist EdgeTech to deliver advanced data processing software tailored for EdgeTech’s new eBOSS (Enhanced Buried Object Scanning System). The collaboration marks a step forward in offshore survey and subsea asset assurance, providing operators with more reliable tools for identifying and monitoring buried infrastructure in oil and gas developments. The eBOSS

Chevron, Anadarko join consortium to explore offshore Peru’s Trujillo basin

September 19, 2025

(World Oil)– Chevron, Anadarko, and investment fund Westlawn have formalized a new partnership to advance hydrocarbon exploration offshore Peru, marking a significant step in revitalizing the nation’s upstream sector. The three companies signed amended license agreements with Perupetro for Blocks Z-61, Z-62, and Z-63 in the Trujillo basin, an offshore area covering 6,018 km² some 50 nautical miles off the coasts of Lambayeque and La

Repsol-NEO merger forms one of largest producers on UK Continental Shelf

July 31, 2025

(World Oil)– The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited. “This combination creates a jointly governed business which will call upon the key strengths of both shareholders,” commented Francisco

Woodside takes over oil and gas assets from Exxon

July 29, 2025

(Oil Price)– Australia’s energy major Woodside has taken over the operatorship of the Bass Strait oil and gas assets that were previously operated by Exxon. The two have a 50:50 partnership in the portfolio, which includes production and processing operations. The change in operatorship will result in synergy savings of over $60 million, Woodside said. The company added it plans to

TotalEnergies starts production from two offshore Angola projects

July 23, 2025

(World Oil)– TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production. The two subsea tie-back projects will deliver additional production leveraging available capacity on existing FPSOs, TotalEnergies stated, citing added benefits of low marginal costs and low carbon intensities. TotalEnergies

Subsea7 wins contract for Equinor’s Fram Sør project, offshore Norway

July 18, 2025

(World Oil)– Subsea7 has been awarded a large1 contract by Equinor relating to the Fram Sør development project, offshore Norway, the company announced Thursday. Equinor’s Troll C platform, located 10-30 km from the Fram Sor development The project work scope covers engineering, procurement, construction and installation (EPCI) of subsea structures and flowlines including 53 km of production, gas lift and

BP-Eni JV makes major gas discovery offshore Angola

July 14, 2025

(Oil Price)– Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Azule Energy, the operator of Block 1/14, has announced a gas discovery at the Gajajeira-01 exploration well, located in the Lower Congo Basin in Angola’s waters. Initial assessments suggest gas

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