Petrobras PBR, a Brazilian oil and gas company, has approved the final investment decision (“FID”) for the Sergipe Deepwater Project Module 2 (SEAP II). This marks a pivotal moment in the company’s ...

India’s state-controlled Oil & Natural Gas Corporation (ONGC) has made two deep-water gas discoveries offshore the nation's east coast. ONGC has lined up $3.6 billion in capital expenditure in the ...

Willie Sutton robbed banks because that's where the money is. And oil companies venture into deep waters for exploration because that's where the oil is. That's why -- even though President Obama has ...

India has launched the National Deep Water Exploration Mission to boost domestic oil and gas production and reduce its heavy reliance on imports. This strategic initiative focuses on exploring ...

Light oil has been discovered 270 kilometers (km) off the coast of Namibia, according to the National Petroleum Company of Namibia (NAMCOR) and its partners in the Jonker-1X deep-water exploration ...

The country is poised to invite international bidders to participate in its fourth competitive licensing round, Nelp-IV, in which 10 deep-water blocks are on offer. New Delhi believes the offering ...

The anticipated upcycle in deepwater drilling has been deferred to 2026 or later due to factors like FPSO lead times, regulatory approvals, and capital discipline. Despite the delays, the long-term ...

Repsol YPF has begun offshore drilling in Cuban waters as part of its global exploration operations, said a person familiar with the situation. MADRID - Spanish oil firm Repsol YPF SA has begun ...

The federal government on Monday told Noble Energy Inc. it could resume a deep-water drilling project halted last year by the Obama administration's moratorium — the first work of its kind to be ...

Scientists have discovered a new species of isopod in the deep waters of the South China Sea — though its name has come from a galaxy far, far away. According to experts, the Bathynomus vaderi can ...