Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Trump directs Sable Offshore to restore Santa Ynez oil unit

Fossil Energy – Restart Production

Last Friday, the Trump administration directed Sable Offshore to ​restore oil drilling operations off the southern California coast, ‌the U.S. Energy Department said.

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Chevron and Shell move toward oil development agreements in Venezuela

Fossil Energy – Venezuela

Chevron and Shell are advancing discussions with Venezuelan authorities on new oil production agreements that could significantly expand their operations in the country’s energy sector.

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Benin expects first oil production in January 2026

Fossil Energy – Benin

West African nation Benin Republic is expected to produce its first commercial oil from the Seme offshore oilfield by the end of January 2026, after drilling challenges forced the country to miss its initial 2025 target.

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Petrobras announced first oil from P-78 FPSO

Fossil Energy – Production

On December 31, 2025, Petrobras marked a significant milestone with the start of oil production from the P-78 floating production unit (FPSO) in the Búzios field, located in the pre-salt layer of the Santos Basin.

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CNOOC begins production in oilfield in China’s Bohai Sea

Fossil Energy – Oil Production

China’s state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the first phase of Bozhong 26-6 oil field development project in Bohai Bay, which also features carbon capture, utilization and storage (CCUS) capabilities.

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