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BP Approves Major Trinidad and Tobago Natural Gas Project

OilPrice

BP approved on Thursday the development of the Ginger natural gas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027. In the upstream, BP will aim for 10 new major projects to start up by the end of 2027, and a further 810 projects by the end of 2030.

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Exxon to Invest $1.5 Billion in Deepwater Oilfields in Nigeria

OilPrice

billion in deepwater oil and gas exploration and development offshore Nigeria, the local regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said. Exxon sold last year its onshore assets to local firm Seplat Energy, but is committed to offshore exploration and development in the country.

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Galp Expects New Field to Boost Its Production in Brazil by 40%

OilPrice

Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. Currently, Galp holds stakes in various oilfields in the deep waters of the Santos basin in the prolific pre-salt layer offshore Brazil.

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BP Begins Promised Major Oil and Gas Project Start-ups

OilPrice

BP said on Thursday that its Cypre development offshore Trinidad and Tobago delivered first gas, as yet another project started up since the supermajor reset its strategy to shift focus back to oil and gas.

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BP begins promised major oil and gas project start-ups

Oil & Gas 360º

(Oil Price) –BP said on Thursday that its Cypre development offshore Trinidad and Tobago delivered first gas, as yet another project started up since the supermajor reset its strategy to shift focus back to oil and gas. Production is also expected to grow to 2.32.5 Two of the 10 new major projects have now started production this year.

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Tullow Gets Upstream License Extensions in Ghana

Rigzone

The West Cape Three Points and Deepwater Tano offshore licenses, which contain the producing Jubilee and TEN fields, will be extended to 2040.

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Inpex Secures More Exploration Acreage offshore Indonesia

Rigzone

Following the award, Inpex signed a PSC with the Indonesian upstream regulator SKK Migas, Petronas Energy Serpang and EO Serpang.