Kosmos Energy completed the sale of its 40.375% interest in Equatorial Guinea’s Block G to Panoro Energy, reducing exposure to higher-cost production and strengthening liquidity.
Serica Energy has completed its ONE-Dyas asset purchase, adding North Sea production of around 2,500 boepd, 3 million boe of 2P reserves and 0.5 million boe of 2C resources.
Norway has opened APA 2026 with 70 offshore exploration blocks across the Barents Sea, Norwegian Sea and North Sea, with bids due on 1 September 2026.
Equinor commits $1.6 billion to drilling and well service agreements to sustain production on the Norwegian Continental Shelf.
Mermaid Maritime has established Serikandi Mermaid SDN BHD in Brunei to support offshore T&I, IRM, decommissioning and pipeline projects.
Heidrun marked 30 years of production in October after producing more than 1.5 billion barrels of oil and gas, with output still averaging 60,000 to 65,000 barrels per day and further development under review.
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.
