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WATCH: Valaris drillship undergoing upgrades in Spain as another rig reaches Brazil
03 Feb 2026 18:29 GMT
… , in the BM-C-33 concession off the coast of Brazil … while Repsol Sinopec Brasil and Petrobras hold 35% and 30% interest … 672-day drilling program. The rig has worked for Equinor offshore Brazil since …
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Shell Sells 20% Stake To Kuwait Oil Player While Keeping Control Of Brazil's Orca Oil Prize
03 Feb 2026 19:37 GMT
… Santos Basin to Kuwait Foreign Petroleum Exploration Company (KUFPEC).
The Orca … includes the BM-S-54 Concession Contract and the Sul de … 's entry, the licenses were held by Shell (operator … the HI gas project, located offshore in Nigeria.
Shell plans to …
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US soon to issue general license for oil production in Venezuela, sources say
03 Feb 2026 20:18 GMT
… week a general license allowing companies to produce oil and gas in … authorize companies to explore and pump for crude oil and natural gas … Venezuelan crude oil last month in a first general license.
“The … about the plans for a license.
Trump has said the …
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U.S. Eases Venezuela Oil Sanctions — What It Means for Global Energy and Curaçao
03 Feb 2026 19:11 GMT
… on Venezuela’s oil industry, issuing a general license effective January 29 … license does not lift all sanctions. Upstream activities such as oil production, drilling … oil assets — a stark departure from decades of state monopoly under Petro …
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TotalEnergies Strikes Big Kuwait Deal To Unlock New Oil And Gas Finds
03 Feb 2026 19:37 GMT
… Understanding (MoU) with Kuwait Oil Company (KOC) to enhance … our cooperation with Kuwait Oil Company through this MoU, … s objectives in developing its resources. The studies to be … take over operatorship of Petroleum Exploration License 83 in Namibia’s …
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Oil Production Begins at Solveig Phase 2 Development
03 Feb 2026 19:24 GMT
Solveig is located around 15 kilometers south of the Edvard Grieg platform and is a subsea development tied back to Edvard Grieg through existing infrastructure. The development comprises three wells targeting both new and existing reservoir segments and …
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US Plans to Issue License for Firms to Pump Venezuelan Oil
03 Feb 2026 16:52 GMT
… issue a general license allowing companies to pump oil in Venezuela, … Read from Bloomberg The new license could be issued by … among the world’s largest reserves, following a US military operation … to buy and sell Venezuelan oil. That license covers a range of …
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Ontario government recycles oil sands propaganda for Ring of Fire mining development
03 Feb 2026 19:18 GMT
… Fire development “the most ethical resources on Earth.”
A December … considered the parallels to “Ethical Oil” — a propaganda campaign created … for the expansion of the oil sands, despite objections from … or any companies with mining permits or interests in the …
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Chevron returns as diamond sponsor for energy conference as Namibia eyes first oil
03 Feb 2026 16:26 GMT
… country prepares for first oil following major offshore discoveries.
According to a … 2022 after a series of offshore discoveries in the Orange Basin … recoverable resources as exploration and appraisal activities continue across multiple licence areas.
The oil …
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Blue Mackerel offshore wind project applies for application to build under Australian EPBC Act
03 Feb 2026 16:25 GMT
… generation company Jera and global oil and gas corporation bp. … awarded a feasibility licence in the Gippsland offshore wind zone. It … 70 offshore wind turbines with the 163 square kilometre licence area … pit which connects the offshore and onshore cables. The …