QatarEnergy, in partnership with Brazil’s Petrobras, has won seven offshore exploration blocks in Brazil’s 6th Concession Open Acreage Bid Round, expanding the Qatari energy company’s upstream presence in the country.
OQ Exploration and Production New Ventures, a subsidiary of OQ, and Petronas Carigali International Ventures have signed a memorandum of understanding to formalise a strategic cooperation agreement, aiming to collaborate on ventures in the oil and gas exploration and production sector.
Eni has signed two binding agreements to sell 10 per cent interests in selected Indonesian upstream assets to state-owned Pertamina and energy company Medco, following the launch of Searah, its 50/50 joint venture with Petronas.
bp has started up its sixth major upstream oil and gas project of 2025 with production from the Murlach field in the UK North Sea. The six projects add around 150,000 barrels of oil equivalent per day (boed) combined peak net production, contributing to bp’s target to deliver an additional 250,000 boed combined peak net production by the end of 2027.
