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Sept. 10 (OE) TotalEnergies has made a new oil discovery at Acacia-5 in Angola's Block 17 and expects to bring it into production just three months after the June 2026 discovery, while expanding its exploration portfolio with operated interests in two additional offshore blocks. The Acacia-5 development will use available capacity on the Pazflor FPSO... Continue Reading →
Sept. 9 (OE) ExxonMobil has made a new hydrocarbon discovery at the Vicango East-01 exploration well in Angola’s offshore Block 15, marking the third discovery in the prolific block in the past four years. The well encountered about 25 metres (82 feet) of high-quality, hydrocarbon-bearing sandstone with porosity of 22%, Angola’s National Oil, Gas and... Continue Reading →
Sept. 9 (offshore-energy.biz) South Korea’s Hanwha Ocean has secured a basic design review (BDR) certification from ABS for a standardized floating production, storage and offloading (FPSO) design developed for the South American and West African deepwater market, as well as related sustainability reviews. The review included the FPSO’s core design documentation and technical standards across key... Continue Reading →
Aug. 27 (oilprice.com) Alongside boosting exploration and production offshore its home market Norway, Equinor is pursuing an international growth strategy, aiming to significantly increase its overseas oil and gas output by focusing on fewer but more lucrative regions such as the U.S., Brazil, and Angola. In recent years, Equinor has streamlined and high-graded its portfolio... Continue Reading →
Aug. 26 (oilprice.com) Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday. Equinor hopes that the Petroleum Exploration License 90 (PEL 90) offshore Namibia could hold a big discovery similar to those TotalEnergies and Galp... Continue Reading →
Rio de Janeiro, August 21, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has submitted an expression of interest in exploration blocks located in offshore areas of the Keta Basin, in Ghana, a country on the west coast of Africa. The Ministry of Energy and Green Transition of Ghana has approved the application... Continue Reading →
Aug 18 (Reuters) - Equinor said on Tuesday it has agreed to buy a stake in an oil exploration licence in Namibia from a subsidiary of U.S. energy major Chevron as the Norwegian company seeks to boost its international portfolio. The purchase of a 17.4% stake in the PEL 90 petroleum exploration licence in the Orange Basin... Continue Reading →
Aug 17 (Reuters) - Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration. Western and southern Africa are among regions drawing fresh attention as growth in U.S. shale tops out. Angola, sub-Saharan... Continue Reading →
Aug 14 (Reuters) - South Africa's Constitutional Court on Friday blocked offshore exploration led by Shell along the country's pristine Wild Coast, a setback for the oil major after years of legal challenges by local communities and environmentalists. The ruling is the latest outcome in a series of court cases that have dampened investor appetite and delayed... Continue Reading →
Aug. 11 (Reuters) Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments. Nigeria has struggled in recent years to attract new upstream oil investment amid... Continue Reading →
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