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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 -
The Layout and Technology Export of China’s “Three Oil Giants” in Africa
China’s “Three Oil Giants” began their large-scale entry into Africa as early as the 2000s and have now become significant players in the continent’s oil and gas sector. China National Petroleum Corporation (CNPC) Africa is one of the earliest regions where China National...Read more -
International oil giants team up with a $40 billion deal！
In recent years, the global oil industry has faced multiple challenges: the pressure of energy transition, geopolitical risks, capital discipline requirements, and oil price volatility. However, in early 2026, two major projects emerged simultaneously—Shell’s project in Nigeria and TotalEn...Read more -
With the lifting of restrictions on the “Pearl of Petroleum,” opportunities for these technologies and equipment have arrived!
Venezuela has 90% of its proven oil reserves in the form of extra-heavy crude, which signifies major market opportunities for thermal recovery technologies and equipment, drilling and completion technologies and equipment suitable for heavy oil, as well as heavy oil upgrading technologies and eq...Read more -
Wood Awarded $65 Million Contract Extension on Australian Gas Project
Wood has secured a two-year contract extension with Woodside, valued at up to $65 million. The contract entails the continued provision of brownfield engineering, procurement, and construction management (EPCM) services for offshore assets at the North West Shelf (NWS) Project in Western Austral...Read more -
Akrak Petroleum Company Plans to Start Production at Offshore Oilfield in Benin by the End of This Month
Akra Petroleum, a subsidiary of Singapore’s Rex International Holding, announced plans to commence oil production from the Seme oilfield offshore Benin by the end of January 2026. The company had initially scheduled production to begin in the fourth quarter of 2025 but encountered delays du...Read more -
Bohai Oilfield Fracturing Record Broken Again
Recently, it has been reported from the Bohai Oilfield that Well A32 in the Bozhong 34-9 oilfield has implemented re-fracturing technology for existing wells for the first time, achieving significantly enhanced oil production. This single-well, single-layer fracturing operation has set a new frac...Read more -
CNOOC Participates in the Successful Launch of Brazil’s Búzios VI Deepwater Oil Field Project
On January 3, the Búzios VI project in Brazil, in which China National Offshore Oil Corporation (CNOOC) holds an interest and participates as a partner, has successfully commenced production. Located in the Santos Basin off the southeastern coast of Brazil, the project operates at a water depth o...Read more -
The “Deep Sea One,” China’s largest offshore gas field, exceeded an annual oil and gas equivalent output of 4.5 million metric tons in 2025!
The “Deep Sea No.1″ ultra-deepwater gas field is China’s independently developed offshore gas field with the greatest operational water depth, highest formation temperature and pressure, most challenging exploration and development conditions, and largest natural gas production capac...Read more
