Shell has agreed to sell BG Cyprus to MOL Group for up to $720 million, transferring a 35% interest in the Aphrodite offshore gas field. Completion is expected in early 2027.
INA has completed the Ana-4 DIR well offshore Croatia, the first of five wells in a $74 million program. Initial tests recorded gas flow of approximately 160,000 m3 per day.
Woodside has agreed to assume operatorship of the Bass Strait assets from ExxonMobil Australia, covering offshore and onshore gas infrastructure, with completion targeted in 2026 pending regulatory approvals.
Vår Energi will acquire a 32.5% interest in Peon from Equinor and divest stakes in Fram and Grosbeak under an asset exchange on the Norwegian Continental Shelf.
Shell has signed five contracts with Venezuela covering the 7 Tcf Loran gas field, oilfield expansion and gas flaring reduction measures.
Technip Energies, JGC and Samsung Heavy Industries have secured an EPCIC contract for the Coral North FLNG project offshore Mozambique.
BP has signed three offshore PSCs in Indonesia, adding Bintuni, Drawa and Barong interests as partners target future natural gas and LNG opportunities.
ONE-Dyas and Eni are preparing more Dutch North Sea drilling in 2026 as N05-A production rises and further wells are planned across N05-A, L10 and K12.
Petrosen said Senegal’s Yakaar-Teranga deepwater gas project could require around $7.5 billion to develop 25 trillion cubic feet of recoverable gas resources.
