BP and TPAO signed an MoU framing cooperation in oil and gas exploration, field development and infrastructure, with Iraq a priority and Libya also in view alongside regional project assessments.
BOEM advances BBG2, proposing 15,066 unleased blocks covering 80.4 million acres in the Gulf of America. Live bid reading is set for 11 March 2026 at 9 a.m. CT.
Norway’s energy ministry offered 57 production licences to 19 firms in APA 2025, covering the North Sea, Norwegian Sea and Barents Sea, with binding work programmes and awards set after May 2025 applications.
BMI says Malaysia will remain a major oil and gas investment location as PETRONAS maintains about RM50 billion in upstream capex, expands overseas assets and advances CCS and LNG-related spending.
bp has named Meg O’Neill as its next CEO from 1 April 2026, with Carol Howle as interim CEO and Murray Auchincloss staying on as adviser while Woodside Energy appoints Liz Westcott acting CEO.
TotalEnergies will merge its UK offshore assets with Neo Next Energy to form Neo Next+, expected to be the largest independent oil and gas producer in the UK with output above 250,000 boe/d in 2026.
Greece held a memorial at the Athens Megaron Concert Hall to mark one year since the passing of oil and shipping businessman Vardis I. Vardinogiannis, with state, church, military and business leaders honouring his legacy.
Lianson Fleet Group and PV Drilling have agreed to review joint activities in Malaysia’s offshore drilling sector. Their planned partnership includes rig ownership, chartering and service support, with an initial target of two jack-up units. A shareholders’ agreement is expected in early 2026.
Shell has begun a joint study with Kufpec to assess five Indonesian working areas, reflecting renewed engagement by major international oil companies in the country’s upstream sector. The initiative follows recent discussions between global operators and SKK Migas on new exploration opportunities.
