Anticipate Contract and Mobilization Shifts from New Upstream Activity

The contract covers one firm well and includes one optional well

Shell hired Northern Ocean’s Deepsea Mira rig, which is managed by Odfjell Drilling, for drilling work offshore Namibia, with the start date slated for April 2026. The contract covers one firm well and includes one optional well

Home Fossil Energy Shell’s new oil discovery adds fuel to Namibia’s black gold rush June 10, 2026, by Shell Namibia Upstream, a subsidiary of the UK-headquartered energy giant Shell, has found more oil in the Orange Basin off the coast of Namibia. Deepsea Mira rig; Source: Odjell Drilling Shell and its partners, QatarEnergy and NAMCOR, have reported encouraging exploration results from the Merlin-1X exploration well in petroleum exploration license No

All members of Eni Indonesia and Petronas Indonesia staff have transitioned to Searah, alongside the establishment of Searah Malaysia, a dedicated entity created to manage Malaysian assets

Home Fossil Energy Eni, Petronas give birth to Southeast Asia’s energy player with $20 billion five-year investment plan June 9, 2026, by Searah, a new 50/50 independent joint venture between Eni and Petronas combining key businesses across Indonesia and Malaysia, has been created as Southeast Asia’s new independent integrated energy company, with a portfolio of 19 gas-producing and development assets

The joint venture brings together the complementary portfolios, capabilities, and regional expertise to deliver long-term value creation and operational excellence across Indonesia and Malaysia

The FPSO refurbishment was undertaken to extend the vessel’s life and ensure its long-term operational capacity, as a significant development drilling program at Baobab is planned to begin in the second half of 2026. This Phase 5 drilling program is expected to include four producers, two to three injectors, and two workovers, providing potential meaningful additions to production from the main Baobab field

FPSO Baobab Ivoirien; Source: MODEC Vaalco has confirmed the restart of production from the Baobab field on the CI-40 block, offshore Côte d’Ivoire, following the FPSO Baobab Ivoirien’s revamp after the vessel ceased hydrocarbon operations in January 2025

The company claims that the field is performing in line with its expectations. The FPSO refurbishment was undertaken to extend the vessel’s life and ensure its long-term operational capacity, as a significant development drilling program at Baobab is planned to begin in the second half of 2026

Home Fossil Energy Another European deal for Canadian LNG project as talks with Uniper advance June 9, 2026, by German energy player Uniper is looking to further diversify its liquefied natural gas (LNG) supply by moving forward with negotiations to secure Canadian LNG from a multibillion-dollar project being developed on Canada’s northwest coast to export lower-carbon LNG to markets in Asia. Ksi Lisims LNG concept; Source: Western LNG Uniper and Ksi Lisims LNG have signed a letter of interest (LOI) outlining k

Ksi Lisims LNG concept; Source: Western LNG Uniper and Ksi Lisims LNG have signed a letter of interest (LOI) outlining key commercial terms for a pending supply and purchase agreement (SPA) for the delivery of 2 million tonnes per annum (mtpa) of LNG on a long-term basis, further strengthening the LNG portfolio’s diversification and adding to the security of supply

Pending a final investment decision (FID) by the project co-developers, construction could begin by early 2027

The projects in Texas will provide additional takeaway capacity out of the Permian Basin and debottleneck the Waha Hub, supplying natural gas to LNG export terminals, as well as residential, power, and industrial users. The largest of the pipeline projects currently under construction and projected to enter service by the end of this year include: Rio Bravo Pipeline Project: A 138-mile pipeline originating in Texas with a capacity of up to 4

The largest of the pipeline projects currently under construction and projected to enter service by the end of this year include: Rio Bravo Pipeline Project: A 138-mile pipeline originating in Texas with a capacity of up to 4. 5 Bcf/d, which will deliver feedgas to NextDecade’s under construction Rio Grande LNG export terminal

The projects in Texas will provide additional takeaway capacity out of the Permian Basin and debottleneck the Waha Hub, supplying natural gas to LNG export terminals, as well as residential, power, and industrial users