Latest Offshore Development News

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Finder Energy is rapidly advancing its KTJ oil development project with the strategic acquisition of the Petrojarl I FPSO and key partnerships, targeting a Final Investment Decision by mid-2026.
Maxwell Dee
Maxwell Dee
10 Dec 2025
Finder Energy’s Kuda Tasi and Jahal oil development project in Timor-Leste received strong government endorsement and an independent resource upgrade, accelerating its path to first oil by 2027.
Maxwell Dee
Maxwell Dee
26 Nov 2025
Finder Energy has secured a pivotal funding boost as TIMOR GAP increases its stake in the KTJ Project, accelerating the path to final investment decision by mid-2026. This farmin agreement significantly de-risks the project and aligns with Timor-Leste’s strategic development goals.
Maxwell Dee
Maxwell Dee
25 Sept 2025
Finder Energy is fast-tracking its Kuda Tasi and Jahal development with advanced engineering and critical FPSO evaluations, aiming for a Final Investment Decision in 2026. This acceleration seeks to reduce risks and optimize costs ahead of production.
Maxwell Dee
Maxwell Dee
8 Sept 2025
Hartshead Resources has struck a pivotal Well Carry Agreement with RockRose Energy, securing full funding for its Phase C drilling costs while trimming its joint venture stake. The move also triggers a licence extension application amid UK regulatory delays.
Maxwell Dee
Maxwell Dee
1 Sept 2025
Santos Limited reports a 31% drop in net profit for H1 2025 despite increased sales volumes and progress on key projects, while receiving a non-binding acquisition proposal from an Abu Dhabi-led consortium.
Maxwell Dee
Maxwell Dee
25 Aug 2025
Finder Energy has successfully raised $6 million through a placement led by major shareholder Longreach Capital, aiming to accelerate its Kuda Tasi and Jahal offshore oil development towards a Final Investment Decision.
Maxwell Dee
Maxwell Dee
3 July 2025
Finder Energy has partnered with global energy giant SLB to fast-track the engineering phase of the Kuda Tasi and Jahal oil fields, potentially bringing forward first oil by a year. This strategic alliance promises cost savings and a streamlined path to project execution.
Maxwell Dee
Maxwell Dee
17 June 2025
Hartshead Resources has submitted a revised development report to the NSTA, unveiling a superior gas export route through CalEnergy's Saturn Banks pipeline that promises reduced costs and faster production.
Maxwell Dee
Maxwell Dee
5 Feb 2025