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China’s Southwest Oil and Gas Field accelerates shale gas development and production ramp-up
On March 29, the Daye 1H1 platform of Chongqing Gas Mine, Southwest Oil and Gas Field, cumulatively produced over 100 million cubic meters of natural gas. This marks a new breakthrough for the company in the development of shale gas in new strata. The photo shows the Liangping Daye 1H shale gas ...Read more -
Norway’s OKEA announces new discovery at Brage field in North Sea, increasing resources, with production start scheduled for 2027
Norwegian oil company OKEA has discovered oil in the Talisker West segment near the Brage field in the North Sea, with a significant upward revision of resource estimates. According to OKEA, as the Talisker Statfjord formation has matured further, the P50 resource estimate for the Talisker West d...Read more -
Petrobras acquires full interest in Campos Basin oil field
Petrobras recently exercised its preemptive right to acquire a 50% stake held by Petronas in the Tartaruga Verde oil field and the Espadarte Module III development project in the Campos Basin, Brazil, for $450 million. This move will allow Petrobras to regain full control over these assets. The ...Read more -
Oil Giant Announces Major Oil and Gas Discovery
On March 17, 2026, Italian energy giant Eni announced a major natural gas discovery offshore Libya, drawing widespread attention in the international oil industry. According to the company’s statement, two exploration wells located south of the Bahr Essalam gas field have confirmed total ge...Read more -
Norwegian oil giant Equinor is divesting from African assets to refocus on the Americas
Recently, sources revealed that Equinor, Norway’s largest oil and gas producer, is planning to sell stakes in multiple offshore oil fields in Angola. The company has hired financial advisors to seek potential buyers while intending to retain a minority stake in one of the fields. Although ...Read more -
Valeura Energy brings three new wells on stream at its Manora oil field in Thailand, increasing production
According to a March 9 release from Valeura Energy, the company has completed an infill drilling program at the Manora oil field, located in Block G1/48 in the Gulf of Thailand. The program involved drilling two infill development wells and one appraisal well from the Manora A platform, with the ...Read more -
Woodside Energy and Pemex launch Trion oilfield drilling campaign in the Gulf of Mexico.
Woodside Energy and Mexico’s state-owned oil company Pemex have launched a drilling campaign for the Trion field in the ultra-deep waters of the U.S. Gulf of Mexico. The drilling program includes 24 subsea wells that will be connected to a floating production unit (FPU) named Tláloc, which ...Read more -
PlanET Biogas India and Delta Bio Gas collaborate to develop a 12-tonnes-per-day compressed biogas (CBG) plant in Andhra Pradesh, India
PlanET Biogas Group GmbH’s subsidiary, PlanET Biogas India Private Ltd., has announced a partnership with Delta Bio Gas Private Limited, based in Hyderabad, to jointly develop a 12-tonnes-per-day compressed biogas (CBG) plant in the Palnadu district of Andhra Pradesh. This project aims to s...Read more -
Norwegian company Equinor discovers new oilfield “Omega South” in the Snorre area of the North Sea
Norwegian state-owned energy company Equinor and its co-venturers have successfully drilled a commercial oil discovery, Omega South, in the Snorre area, approximately 200 kilometers northwest of Bergen in the North Sea. The discovery was made on the Omega Sør (South) Alfa prospect, with the confi...Read more -
Vaalco Energy Secures Operatorship of Kossipo Field in Ivory Coast to Boost Oil and Gas Development in Africa
U.S. energy company Vaalco Energy has acquired a 60% operating interest in the Kossipo offshore field in Ivory Coast, with the national oil company PetroCI holding the remaining 40% stake. This transaction marks a significant advancement for Vaalco in oil and gas development across Africa. The K...Read more -
QatarEnergy Awards North Field West Onshore LNG Contract to Technip Energies-Led Joint Venture
QatarEnergy has awarded the engineering, procurement, and construction (EPC) contract for the onshore liquefied natural gas (LNG) facilities of its North Field West (NFW) project to a joint venture comprised of Technip Energies, Consolidated Contractors Company (CCC), and Gulf Asia Contractor (G...Read more -
Norway’s Oil and Gas Output Surpasses Projections in January
Norway’s combined oil and gas production exceeded official forecasts by 5.6% in January, according to the Norwegian Offshore Directorate (NOD). As Western Europe’s largest supplier of natural gas and a significant oil producer, Norway’s output levels fluctuate monthly due to maintenance schedule...Read more
