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Chinese partner comes aboard African oil & gas block ahead of drilling ops

Antler Global, an associated company of the UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas, has inked a deal to offload a partial stake in a block off the coast of Equatorial Guinea to Fuhai (Beijing) Energy, a wholly owned subsidiary of China’s privately owned Fuhai Group New Energy Holding. The post Chinese partner comes aboard African oil & gas block ahead of drilling ops appeared first on Offshore Energy.

Velesto disposes of its workover business to Enviros

Velesto Malaysian Ventures, a wholly-owned subsidiary of Malaysia’s Velesto Energy, owner of six premium jack-up rigs and two hydraulic work-over units, has taken steps to offload its stake in Velesto Workover Sdn Bhd (VWSB). The post Velesto disposes of its workover business to Enviros appeared first on Offshore Energy.

Jack-up rig comes to Ocean Oilfield’s shipyard

Abu Dhabi-headquartered Ocean Oilfield Integrated Solutions has confirmed the arrival of a jack-up rig owned by Arabian Drilling, said to be the largest onshore and offshore drilling company in Saudi Arabia by fleet size, to its Hamriyah Shipyard in Sharjah, United Arab Emirates (UAE). The post Jack-up rig comes to Ocean Oilfield’s shipyard appeared first on Offshore Energy.

Transocean rig encounters gas as it spuds next well in drilling campaign offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has kicked off drilling activities at another well in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling player. The post Transocean rig encounters gas as it spuds next well in drilling campaign offshore Australia appeared first on Offshore Energy.

$11 billion investment agenda on Gazprom’s 2026 horizon

Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB 1.64 trillion (nearly $16.43 billion) for 2024. The post $11 billion investment agenda on Gazprom’s 2026 horizon appeared first on Offshore Energy.