Projects
China National Offshore Oil Corporation (CNOOC) has commenced production at the Wenchang 16-2 oilfield development project in the western Pearl River Mouth Basin of the South China Sea. The independent oil and gas exploration and production company expects the offshore project to reach a peak output of around 11,200 barrels…
Chinese rig set to significantly boost Venezuelan oil production
A new floating production facility has arrived in Lake Maracaibo, Venezuela, to boost crude oil output at fields operated by China Concord Resources Corp (CCRC), according to Reuters reports citing sources and vessel tracking data. The US$1 billion (7.14 billion yuan) project is designed to lift production at the Lago…
Recon Africa advances Kavango West drilling operations
Canadian oil and gas company Reconnaissance Energy Africa (Recon Africa) has reported steady drilling progress at its Kavango West 1X exploration well in Namibia, with operations advancing into the 8.5in section at a depth of around 1,910 metres. Drilling commenced at the site on 31 July 2025. Reconnaissance Energy Africa…
Russia and China deepen energy cooperation deal
Russia and China have signed a legally binding memorandum to advance the construction of the Power of Siberia 2 pipeline, a project that will significantly expand energy cooperation between the two countries. The planned pipeline, routed through Mongolia, is expected to deliver 50 billion cubic metres (bcm) of gas annually…
APA secures ILUA to progress pipeline
APA Group (ASX: APA) has announced the registration of an Indigenous Land Use Agreement (ILUA) with Traditional Owners for the Sturt Plateau Pipeline (SPP) in the Northern Territory. The agreement, facilitated by the Northern Land Council (NLC) in line with its statutory responsibilities, finalises the required Traditional Owner consents to…
Tamboran wins first NT gas sale approval
Tamboran Resources Corporation has received approval from the Northern Territory government (NTG) to sell appraisal gas from its exploration permits in the Beetaloo Basin, marking the first approval issued under the Territory’s new Beneficial Use of Gas (BUG) legislation. The milestone comes after Native Title Holders granted consent for the…
ConocoPhillips expands US LNG export partnership
ConocoPhillips has deepened its commitment to the US liquefied natural gas (LNG) export market through a new long-term sales and purchase agreement (SPA) with Sempra Infrastructure. The 20-year free-on-board agreement covers four million tonnes per annum (mtpa) of LNG from the proposed Port Arthur LNG Phase 2 project in Jefferson…
Equinor uncovers promising F-South find in the North Sea
Equinor and its partners have announced a fresh oil and gas discovery in the Fram area of the North Sea, marking another step in the company’s efforts to unlock value from one of Norway’s most mature petroleum regions. The preliminary name for the find, located about nine kilometres north of…