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Petrobras secures several PSCs with Petroci. (Image source: Petrobras)

Exploration

With deepwater knowledge gathered over several decades in pre-salt basins, Brazil's national energy company, Petrobras, is now looking towards Africa because of its mirror image geology 

Being conjugate basins, Brazil and Africa share very similar geological patterns, making it structurally and technically easier for Petrobras to explore and generate production.

Alternative to declining pre-salt reserves

While Petrobras' massive pre-salt fields off the coast of Rio de Janeiro are highly lucrative today, these are gradually declining in production count and might stop producing by the 2030s. The Brazil oil major is thus strategising resources diversification to replenish its oil resreves. It keeps seeking new frontiers to expand exploration portfolio, generating long-term value and sustainability for the company. 

Eight blocks in Ivory Coast

After closing major exploration deal in Ghana, Petrobras has signed production sharing agreements (PSCs) with Petroci Holding to secure exploration interests across eight offshore blocks in Ivory Coast.

The PSCs were formalised through the major's wholly-owned subsidiary Petrobras Netherlands BV during a signing ceremony in Abidjan, where Petrobras' executive director of exploration and production, Sylvia Anjos, was present. This gives Petrobras a 90% stake as operator of Blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petroci, on the other hand, retains a 10% stake in all these blocks.

African Atlantic margin potential

"With this acquisition, Petrobras assumes a significant presence in Ivory Coast, a country located in a region of high exploratory potential, with geological characteristics similar to those of our sedimentary basins. We will apply our experience and technical capacity to these blocks and we are confident that, with them, we will be able to uncover all the possibilities that we believe exist on the African Atlantic margin," said the president of Petrobras, Magda Chambriard.

This is in line with Petrobras' business plan for exploration portfolio diversification, focusing on new prospects not only in Brazil but internationally. It will promote value creation and long-term business sustainability for the major. 

MegaSurveys are 3D seismic datasets synchronised across large contiguous areas. (Image source: TGS)

Geology & Geophysics

Energy data and intelligence provider, TGS, has signed an agreement with the Ministry of Hydrocarbon and Mining Development of the Republic of Equatorial Guinea to create MegaSurvey, a large-scale multi-client seismic product for offshore exploration

Beginning with the post-stack reprocessing of approximately 27,273 kilometers of 2D seismic data and around 35,000 square kilometers of 3D seismic data, the project is set to be completed in Q3 2026.

3D seismic datasets synchronised across large contiguous areas, MegaSurvey eliminates uncertainty by enabling nearly accurate geological interpretation, with clarity in structural and stratigraphic frameworks.

The agreement marks the first phase of a broader plan to create a harmonized and seamless seismic data product across Equatorial Guinea’s offshore basins. The full product vision includes approximately 46,343 line kilometers of 2D seismic data and more than 59,000 square kilometers of 3D seismic data.

David Hajovsky, Executive Vice President, Multi-Client at TGS, commented: “The Equatorial Guinea MegaSurvey is the first of its kind in the country and will apply TGS’s latest imaging technology to address key subsurface challenges and support exploration risk reduction across the Rio del Rey and Rio Muni basins. The product is designed to provide customers with a basin-wide regional screening tool, supporting prospect identification, prospect ranking and planning for future work commitments.”

By integrating and reprocessing legacy datasets into a consistent regional framework, the MegaSurvey will provide new insight into the prospectivity of Equatorial Guinea’s offshore basins and support informed exploration decision-making.

PipeSense deployed PipeScan, a pressure-pulse technology, to locate obstructions in two offshore pipeline networks. (Image Source: PipeSense)

Technology

PipeSense, a pipeline leak detection specialist, has expanded its capabilities to support offshore operations, following a successful project off the coast of Angola

Working with a multinational operator, PipeSense deployed PipeScan, a pressure-pulse technology, to locate obstructions in two offshore pipeline networks. PipeSense’s team of experienced operators, engineers, and data scientists monitored a 20-inch natural gas pipeline and a 16-inch offshore crude and multiphase pipeline that was flooded with seawater.

With the natural gas pipeline, the company completed repeated pressure pulse testing to identify an obstruction approximately 11km downstream. For the second project, PipeSense installed instruments on both ends of the offshore crude and multiphase pipeline. Controlled pressure releases generated repeatable reflection signatures that identified the obstruction within approximately 700m of the launcher.

The projects highlighted how induced pressure pulse testing, high-speed pressure acquisition, and dynamic pressure wave reflection analysis can accurately determine obstruction location in offshore environments, all without interrupting normal pipeline operations or requiring specialised tools.

Josh Holmes, PipeSense’s VP of Business Development, said, “This project is a clear and concise demonstration that our approach to obstruction locating can provide a practical addition to the pipeline integrity toolkit for locating stuck pigs, hydrate plugs, debris, and other flow restrictions across a wide range of offshore pipeline applications.    

Offshore and subsea pipeline operators undertake highly complex work every day to safely operate, maintain, and protect critical infrastructure in some of the world’s most challenging environments. This requires a continued focus on asset integrity, operational reliability, and the ability to identify and respond to changing pipeline conditions with confidence.  

Our goal is to support operators in that mission by providing advanced technologies that deliver greater visibility into pipeline performance and help teams make faster, more informed decisions. Having demonstrated our capabilities across a range of onshore applications and complex flow conditions, we are excited to bring that experience into offshore and subsea environments. This project in Angola represents an important first step in what we believe will be a strong and exciting future supporting offshore operators around the world.” 

TechnipFMC to support Eni's Baleine project offshore Ivory Coast.

Gas

As Eni SpA works to expand production from the Baleine Phase 3 fast track development offshore Ivory Coast, it has signed a significant contract with TechnipFMC to secure its support services

Known as one the largest hydrocarbon discoveries in the region, the fast track development will be supported with a network of flexible flowlines and risers that will be designed and build by TechnipFMC to connect wells in water depths of approximately 1,200 meters to a new floating production unit.

Jonathan Landes, president-subsea for TechnipFMC, said, “This award marks the continued expansion of our collaboration with Eni. We are excited to apply our expertise to provide a robust flexible pipe solution with schedule certainty in support of this fast-track project.”

Previously, TechnipFMC bagged a engineering, procurement, construction, and installation contract offshore Mozambique for the Coral North development in water depths of approximately 2,000 m.

“We are excited to once again work with Eni and their consortium partners in Mozambique. We will leverage our experience gained from the successful delivery of Coral South—the world’s first FLNG project in ultradeep water—by replicating our proven playbook with an enhanced approach,” said Landes. 

The contract will require TechnipFMC to manufacture and install flexible flowlines and risers, alongside subsea manifolds and umbilicals. 

TechnipFMC has secured the contract from the project's operator, Eni, who reached the final investment decision of the Coral North project in October this year, and aims delivery by 2028. 

While Eni is leading the venture with a 50% share, other partners include CNPC (20%), Kogas (10%), ENH (10%) and ADNOC-subsidiary XRG (10%). Eni will be investing on the development of a state-of-the-art floating LNG facility in the Rovuma Basin, where it will be generating gas volumes from the northern part of Area’s 4 Coral gas reservoir. 

The Coral North development follows the success of the Coral South project, which effectively continues to be in production. 

The consistent market launches come from optimised production.

Downstream

In line with Nigeria's strategy to expand reach in export market, the Nigerian National Petroleum Company Limited has globally released its new crude grade – Cawthorne 

With an API gravity of 36.4 that denotes the light and sweet kind, the Cawthorne crude rules global market demand because of its unmatched petrol and diesel yields. Comparable to Bonny Light, Cawthorne crude blend is the latest from Nigeria’s basket of crude grades, building on recent additions such as Nembe and Utapate. 

The consistent market launches come from optimised production, helping Nigeria to solidify its base in the export market with diverse offerings. The Cawthorne Floating Storage and Offloading (FSO) vessel, which is strategically positioned offshore Bonny, Rivers State for enhanced energy security and operational efficiency in easy crude evacuation from OML18, comprised the maiden 950,000 barrels cargo for export. Loaded on an MT Eburones vessel, it headed to the Netherlands, and unto the global market. 

As Nigeria aims to attain crude production of three million barrels per day and gas output to 12 billion cubic feet per day by 2030, the international launch of Cawthorne will unlock value from its asset base and deepen market competitiveness.

“This milestone reflects the direction we have set for NNPC Limited—one anchored on execution, partnership, and value creation. We are moving decisively from resource potential to resource monetisation, ensuring that every asset delivers measurable commercial outcomes.

"The successful export of the Cawthorne crude grade is not an isolated achievement; it is part of a broader, deliberate strategy to grow production, deepen market relevance, and strengthen Nigeria’s position as a reliable global energy supplier. We remain firmly focused on delivering sustainable growth in line with national objectives and global market expectations,” said Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd, as he acknowledged President Bola Ahmed Tinubu’s leadership and OML 18 partners' strong collaboration in achieving the milestone. 

Technological innovation, strategic partnerships, and operational discipline will remain central to NNPC Limited's vision as the organisation works towards value creation from Nigeria's vast hydrocarbons resources.

 

 

Early confirmed speakers at ADIPEC 2026 demonstrate global relevance. (Image source: DMG World Media)

Event News

As the energy sector navigates rising demand, geopolitical uncertainty, infrastructure pressures and rapid technological change, ADIPEC 2026 is set to bring together some of the world's most influential leaders from Africa, Asia, Europe and the Americas, to help shape the future of global energy systems

Held under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates, and hosted by ADNOC, ADIPEC 2026 will take place in Abu Dhabi from 2–5 November 2026, convening policymakers, industry executives, technology innovators and investors from around the world.

Among the early confirmed speakers are a number of the energy sector’s most prominent voices, reflecting the diverse breadth of expertise and perspectives that will be represented across this year's programme.

Confirmed leaders include: Proscovia Nabbanja, CEO, Uganda National Oil Company; Wael Sawan, CEO, Shell; Claudio Descalzi, CEO of ENI; Osama Mobarez, Secretary General, EMGF; Olivier Le Peuch, CEO of SLB; Lorenzo Simonelli, Chairman and CEO of Baker Hughes; Horacio Marín, Chairman of the Board and CEO of YPF; Yoshinori Kanehana, Chairman of the Board of Kawasaki Heavy Industries; Dr Angela Wilkinson, Secretary General and CEO of the World Energy Council; Aliko Dangote, President and CEO of Dangote Group; Hunter Hunt, Chairman and CEO of Hunt Energy Holdings; Stuart Bradie, Chair of the Board, President and CEO of KBR; and Professor Haruhiko Ando, CEO of the Japan Cooperation Center for Petroleum and Sustainable Energy.

These leaders will contribute to an expanded Strategic Conference designed around the key challenges and opportunities shaping energy markets today. Featuring more than 380 sessions across 11 specialised programmes, the conference will explore topics including energy security and resilience, market stability, infrastructure delivery, investment, workforce development, industrial competitiveness and the growing role of AI in transforming energy systems.

New programmes for 2026 include Energy Security & Resilience, Policy, Regulation & Governance, Upstream, Clean Power, Molecules & Carbon Management, Grids, Infrastructure & Industrial Execution, and Workforce & Skills. Existing programmes have also been refreshed to better reflect evolving industry priorities, including AI, Digital & Technology and Downstream, Chemicals & Industrial Value Chains.

In parallel, ADIPEC's exhibition will bring together more than 2,250 companies across 17 halls, including 54 national, international, integrated and independent energy companies, alongside 30 country pavilions. New features such as an expanded AI Zone and an enhanced Low Carbon and Chemicals Zone will showcase technologies and solutions supporting the next phase of energy development.

Expected to attract more than 239,000 attendees, 1,800 speakers and 16,500 delegates, ADIPEC 2026 will serve as a global platform for the partnerships, investment decisions and innovations needed to strengthen energy systems and support long-term economic growth. 

Click here to register as an ADIPEC delegate or visitor.