Eni

Under the agreement with PDVSA, Eni will oversee the field's technical, financial, and commercial management. Separately, independent energy company GeoPark has announced its strategic entry into Venezuela through the Bare Block, a large-scale heavy-oil-producing asset.

As Egypt’s largest oil and gas investor, Eni is ramping up its 2026–2027 drilling campaign with new investments cross the Mediterranean offshore, Nile Delta, Western Desert, and offshore Sinai to strengthen the country’s role as a regional gas and LNG export hub.

Equinor, ADNOC, Eni, Santos, Saipem, and Halliburton lead this week’s offshore energy headlines, with a new Barents Sea discovery, a $6.2 billion UAE gas project FID, and major contract awards across Côte d’Ivoire, Iraq, Libya, and Romania. Key updates also include progress at Santos’ Barossa and Pikka developments and new North Sea drilling commitments from Equinor a…

With the latest addition, the Italian major’s computational capacity passes the exaflop threshold, making the firm the world’s leading company by computing power in the new TOP500 global ranking.

The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio.

The Coral Norte FLNG is to be the mirror image of the Coral Sul unit, which shipped its first cargo in 2022 after it was put into service in Area 4 offshore Mozambique.

Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia.

INEOS Energy and Shell have partnered to invest in Gulf of Mexico exploration, while Eni reported strong productivity from its Geliga 1 discovery in Indonesia. Santos is advancing its Agogo project in Papua New Guinea, and ConocoPhillips received approval to redevelop several previously producing oil fields in Norway’s Greater Ekofisk Area.

Since the US arrested and removed Venezuelan President Nicolás Maduro on 3 January 2026, all eyes have turned toward the country’s vast oil reserves, the largest of any country. From 2005 to 2024, oil production in Venezuela fell by 70%, from 3.1 million B/D to just 0.9 million B/D. The race is on to bring production back, but aging infrastructure and expatriation pre…

Formerly titled E&P Notes, this monthly snapshot of global E&P activity highlights ongoing developments worldwide.