General – Cooperation
Turkish Petroleum (TPAO) and BP have signed a Memorandum of Understanding (MoU) on strategic cooperation in oil and natural gas.
[Read more…] about TPAO and BP sign MoU for IraqOil and gas discovery in North Sea
Fossil Energy – Discovery
Equinor and its partners have discovered oil and gas in the Granat prospect near Gullfaks, 190 kilometres northwest of Bergen.
[Read more…] about Oil and gas discovery in North SeaChevron signs oil exploration deal in Syrian waters
Fossil Energy – Syria
Chevron has signed a Memorandum of Understanding with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria.
[Read more…] about Chevron signs oil exploration deal in Syrian watersAker BP releases first long‑term oil demand outlook
Fossil Energy – Demand Outlook
Aker BP’s Markets & Strategic Insights team, led by Jostein Magerøy and Chief Economist Torbjorn Kjus, projects that global oil demand will continue to grow, reaching 112 million barrels per day by 2035.
[Read more…] about Aker BP releases first long‑term oil demand outlookKuwait to tap oil firms for offshore fields
Fossil Energy – Development Discoveries
Kuwait’s prime minister Ahmad Abdullah al-Ahmad al-Sabah said last week that Kuwait Petroleum Corporation plans to invite international oil companies to assist Kuwait Oil Company in developing the recently announced offshore oil and gas discoveries.
Al-Sabah added in his opening remarks at the Kuwait Oil and Gas Show that KPC is in talks with global financial institutions to establish a lease and lease-back of Kuwait’s domestic crude oil pipeline network.
In January, sources told Reuters that Kuwait was set to launch an oil pipeline network stake sale as soon as February in a deal that could raise to $7 billion.
Kuwait’s oil minister Tariq Al-Roumi told Reuters on Monday that he expects tenders for the Durra oil and gas field project, in cooperation with Saudi Arabia, to be launched this year.
Chevron signs MoU with Libya’s NOC
Fossil Energy – MoU
Chevron has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate potential oil and gas exploration and development opportunities, supporting the country’s efforts to boost hydrocarbon production.
[Read more…] about Chevron signs MoU with Libya’s NOCChevron unwilling to operate under Lukoil’ terms
Fossil Energy – West Qurna 2 Oil Field
Chevron is unwilling to operate in Iraq on the terms of the Russian company Lukoil.
[Read more…] about Chevron unwilling to operate under Lukoil’ termsBulgaria takes 10% stake in Black Sea oil and gas exploration consortium
Fossil Energy – Bulgaria
“The cheapest gas is our gas,” energy minister Stankov says as Bulgaria acquires a 10% stake in the Black Sea consortium exploring for oil and natural gas in the Han Asparuh offshore block.
[Read more…] about Bulgaria takes 10% stake in Black Sea oil and gas exploration consortiumBoskalis contributes to carbon capture and storage project
General – CO2
Boskalis’ diving support vessel BOKA Da Vinci has completed a unique project in the northern part of the North Sea.
[Read more…] about Boskalis contributes to carbon capture and storage projectNorway braces for Oil and Gas slowdown as investment falls
Fossil Energy – Norway
Norway’s offshore oil and gas production is expected to remain broadly stable in 2026, but a sharp decline in investment is signalling a slowdown in activity and a gradual fall in output later this decade, the country’s energy regulator said on Thursday.
[Read more…] about Norway braces for Oil and Gas slowdown as investment falls