Reposition Gas and Offshore Contracts Ahead of Supply Shifts

This project consists of the installation of a new 1,600-ton compression module on the Sabratha platform, equipped with new compression trains, providing an overall compression capacity of about 440 million standard cubic feet per day (scfd)

Sabratha platform; Source: Mellitah Oil & Gas Mellitah Oil & Gas has achieved hydrocarbon production from the Sabratha compression project, which Eni describes as a strategic offshore development designed to sustain and increase gas output from the Bahr Essalam gas field, located approximately 100 kilometers off Libya’s coast. This project consists of the installation of a new 1,600-ton compression module on the Sabratha platform, equipped with new compression trains, providing an overall compression capacity

There are two additional strategic projects presently in execution in the country: the Bouri gas utilization project, whose tie-in and commissioning activities are underway after the recent installation of the gas recovery module, and Structures A&E, where execution is ongoing to develop two offshore gas fields

” The combination is interpreted to bring together Eldorado’s Atlantic Zonda drillship with Vantage’s asset base, strong operating capabilities, global footprint, and proven track record managing high-specification drilling assets under long-term operating and management arrangements, putting the combined enterprise in a position to deliver efficient, safe, and reliable services to a diversified customer base. Ihab Toma, Chief Executive Officer of Vantage, remarked: “We are proud of what the Vantage team has bu

Home Fossil Energy Vantage and Eldorado merger births ‘enhanced’ offshore drilling player June 29, 2026, by Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has wrapped up its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, establishing what it describes as a scalable offshore drilling platform with “enhanced” capabilities. Atlantic Zonda drillship; Source: Pelago Management Eldorado Drilling has completed the

” The combination is interpreted to bring together Eldorado’s Atlantic Zonda drillship with Vantage’s asset base, strong operating capabilities, global footprint, and proven track record managing high-specification drilling assets under long-term operating and management arrangements, putting the combined enterprise in a position to deliver efficient, safe, and reliable services to a diversified customer base

The development is anticipated to unlock the full productivity of the Central fields and reduce unit production cost and carbon emissions. The prepayment structure of the GSA will directly support Santos’ capex investment in the MCO project, which is planned to be delivered over three years

Gallagher concluded: “Importantly, this agreement demonstrates Santos’ ability to work with customers to deliver long-term domestic gas supply at competitive prices and also create value for our shareholders. ” The signing of the gas supply deal comes weeks after JERA confirmed delivery of its first liquefied natural gas (LNG) cargo from Santos’ project offshore Australia’s Northern Territory

Illustration; Source: Santos Santos has executed a gas sale agreement (GSA) with the South Australian government to supply 20 PJ per annum, or 200 PJ in total, of domestic gas for the strategic gas reserve over ten years from March 1, 2030, coinciding with the expiry of the firm’s Horizon contract with the GLNG joint venture. This deal, which is valid to 2040, follows the agreement of key terms on February 20, 2026

Home Fossil Energy Path clear for Odfjell Drilling’s rig to spud North Sea wildcat in August June 29, 2026, by Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor

Home Fossil Energy Path clear for Odfjell Drilling’s rig to spud North Sea wildcat in August June 29, 2026, by Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor. Deepsea Bergen rig; Source: Odfjell Drilling The Norwegian Offshore Directorate has granted Equinor a drilling permit for the wellbore 30/8-7 S in

The drilling activities will be undertaken with Odfjell Drilling’s Deepsea Bergen, formerly Deepsea Bollsta, semi-submersible rig

Home Fossil Energy Eni widens South American footprint with block trio linked to Argentina LNG June 29, 2026, by Italy’s energy giant Eni has set the wheels in motion to expand its upstream portfolio with three blocks in Argentina, connected to a liquefied natural gas (LNG) export project planned for development in the South American country. Rendering of Argentina LNG project; Source: YPF Eni has signed a sale and purchase agreement (SPA) for the acquisition of a 32% interest in three upstream blocks, includin

“Vaca Muerta is one of the world’s most attractive gas resources, and this proposed transaction gives XRG a direct role in helping advance a project with the scale, quality and long-term potential to become a significant new source of reliable LNG supply for global markets. ” The three blocks will be part of the Argentina LNG integrated development, an upstream-midstream project aimed at leveraging the Vaca Muerta gas resources, helping to strengthen the country’s position as a global LNG supplier in the long t

” The three blocks will be part of the Argentina LNG integrated development, an upstream-midstream project aimed at leveraging the Vaca Muerta gas resources, helping to strengthen the country’s position as a global LNG supplier in the long term