Harbour is appointed operator of Mexico’s offshore Zama project with partner agreement and SENER approval. The field is estimated at ~750 mmboe, with 2026 design work next.
Santos agreed to sell its Mahalo JV stake to Comet Ridge Limited and completed the sale of Petrel/Tern interests to Eni Australia, securing cash and contingent consideration and lowering decommissioning exposure.
Nigeria’s 2025 upstream licensing round opens with 50 oil and gas blocks on offer, aiming to attract $10 billion investment and boost reserves by 2 billion barrels over the next decade.
Egypt has opened a new tender for four Red Sea blocks, applying R-Factor production-sharing terms for the first time. The six-month round, managed by South Valley Egyptian Petroleum Holding, reflects Egypt’s plan to maximise its hydrocarbon resources.
Repsol is assessing options for its upstream unit ahead of a planned 2026 liquidity event, including a possible reverse merger with APA and other US-listed partners, following preliminary discussions reported by Bloomberg.
Bloomberg reports that Namibia has introduced a draft amendment to the Petroleum Act that would reassign several petroleum oversight responsibilities from the energy ministry to the presidency while offshore discovery negotiations continue with TotalEnergies.
Noble Corporation is evaluating strategic options for its Noble Globetrotter I drillship after its OMV Petrom contract ends in April. According to Upstream, the vessel could be sold if no new intervention work is secured, amid broader fleet adjustments and rig sales across Noble’s global portfolio.
