Brazil’s latest oil auction signaled a revival in offshore exploration, with Petrobras, Equinor, and Chinese firms among the winners. The pre-salt round saw five of seven blocks awarded, underscoring renewed deepwater interest despite soft crude prices and cautious global spending.
ADNOC approves $6.2-billion FID for Umm Shaif Gas Cap development offshore UAE
ADNOC has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap offshore Abu Dhabi,...
