Skip to content

Norwegian oil & gas cash flow surpasses $74 billion as investment bill hits $30.71B

As the Norwegian Continental Shelf (NCS) continues to attract new investments into oil and gas exploration and production (E&P) activities amid the global energy security concerns spurred by the Middle East conflict, Norway has upped its net cash flow ante from the petroleum sector, with billions added to the country’s coffers in 2026 compared to last year. The post Norwegian oil & gas cash flow surpasses $74 billion as investment bill hits $30.71B appeared first on Offshore Energy.

Uncertainty hovers over South African drilling ops, as oil push hinges on appeals outcome

While a specialist panel is being set up to review appeals, clouds still obscure the exact timing of hydrocarbon exploration activities, which are poised to begin once an environmental go-ahead is in hand, enabling the first well to be spud at an offshore block in South Africa’s Orange Basin. The post Uncertainty hovers over South African drilling ops, as oil push hinges on appeals outcome appeared first on Offshore Energy.

TotalEnergies’ 750-million-barrel project offshore Namibia targets first oil in 2030

France-headquartered energy giant TotalEnergies is setting the stage to bring online its deepwater oil discovery in the Orange Basin off the coast of Namibia, as the African country enhances port infrastructure and policy framework ahead of the project launch, which is seen as a growth driver for the nation’s offshore energy industry. The post TotalEnergies’ 750-million-barrel project offshore Namibia targets first oil in 2030 appeared first on Offshore Energy.

Big Oil’s offshore drilling plans spotlight West Africa’s deepwater hydrocarbon potential

France-headquartered energy giant TotalEnergies and its U.S.-based peer Chevron have set the wheels in motion to embark on offshore drilling and appraisal activities off the coast of Nigeria in search of more deepwater oil and gas arsenal in West Africa. The post Big Oil’s offshore drilling plans spotlight West Africa’s deepwater hydrocarbon potential appeared first on Offshore Energy.

TotalEnergies and Vitol strike US LNG deals with Venture Global

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has sealed two liquefied natural gas (LNG) agreements with France’s energy giant TotalEnergies and Vitol, an energy and commodities company. The post TotalEnergies and Vitol strike US LNG deals with Venture Global appeared first on Offshore Energy.

Shell entrusted with LNG cargo for Bulgargaz

UK-headquartered energy giant Shell has been chosen to deliver one cargo of liquefied natural gas (LNG) to Türkiye for the needs of Bulgargaz EAD, which is Bulgaria’s public supplier of natural gas and a subsidiary of Bulgarian Energy Holding EAD. The post Shell entrusted with LNG cargo for Bulgargaz appeared first on Offshore Energy.