AILINCOM 
PetrusAs a result of a shark attack off the coast of Western Australia, a 63-year-old geologist from Amplitude Energy has died. Authorities have called off the search for the predator due to a lack of signs of its activity.
PetrusTransocean has signed an $80 million contract to conduct drilling operations in Equatorial Guinea in 2027. The company notes a growing demand for deepwater projects in Africa.
PetrusChina's reduction in oil imports and its substantial reserves are having a noticeable impact on the global oil market, helping to stabilize prices amid geopolitical conflicts. The country's changing demand structure is strengthening China's role in managing the global balance.
PetrusSeven OPEC+ countries have decided to keep oil production levels unchanged for October amid ongoing geopolitical tensions and challenges in the Persian Gulf region. Against this backdrop, global oil prices continue to rise.
PetrusSunda Energy is in negotiations with the authorities of Timor-Leste regarding the Chuditch project and is continuing the acquisition of Matahio Energy's assets in New Zealand, with plans for further production expansion.
PetrusInternational company Tenaris has opened a service center in Suriname to support the country's first deepwater oil and gas project, GranMorgu. The center will provide advanced services and logistics for the TotalEnergies, APA Corporation, and Staatsolie consortium.
PetrusMISC reports steady growth in the global FPSO market amid increased offshore activity and new contracts. In the second quarter of 2026, operating profit rose by 56.1%, while revenue increased by 76.1%.
PetrusIn 2024, oil and condensate production in Kazakhstan is expected to decrease by nearly 4% due to drone attacks on export infrastructure and the early shutdown of production at the Tengiz field. Authorities do not anticipate a return to the record output levels of previous years until 2026.
PetrusSri Lanka has announced a new licensing round for international companies, offering four offshore blocks in the Mannar Basin for hydrocarbon exploration. This initiative aims to develop the country's own oil and gas industry and attract investment to this largely unexplored region.
PetrusAmerican company Continental Resources and Swiss firm Mercuria are each acquiring a 50% stake in Phoenix Global Resources, with plans to boost production at the Vaca Muerta field and invest over $4 billion in Argentina. The financial details of the deal have not been disclosed.
PetrusContinental Resources and Mercuria Energy Trading are each acquiring a 50% stake in Phoenix Global Resources to jointly develop shale oil production in Argentina. The partners plan to increase investment and output at the Vaca Muerta field, investing over $4 billion in the next five years.
PetrusOdfjell Drilling does not expect any new rig orders in the coming years, despite a shrinking supply and an aging fleet. The company is focusing on extending the operational life of its existing platforms.
PetrusThe Chinese company CNOOC Limited plans to begin drilling its first exploratory well on the Brazilian continental shelf in the Santos Basin in 2029. The project focuses on little-studied deepwater areas, where major international oil companies are also operating.
PetrusNorwegian oil and gas companies are actively developing complex and dense reservoirs, using advanced technologies to tap into previously hard-to-reach reserves. Successes in projects such as Victoria are opening up new opportunities for the industry and could significantly increase the country's oil and gas production.
PetrusNorway is actively advancing the implementation of subsea connections in the oil and gas sector, which helps accelerate the development of new fields and reduce costs. Major operators such as Equinor plan to launch dozens of similar projects in the coming years, opening up new opportunities for contractors and strengthening the country's position in the global energy market.