Latest Offshore Oilfields News

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Cue Energy Resources has obtained a decade-long extension for its Maari oilfield permit in New Zealand, enabling continued production and resource optimisation through to 2037. The move follows a recent surge in output, marking the highest monthly production in over five years.
Maxwell Dee
Maxwell Dee
27 Aug 2025
Karoon Energy has significantly upgraded its Baúna Project 2P Reserves by 35%, extending the field’s economic life by seven years to 2039, driven by the recent FPSO acquisition and improved reservoir performance.
Maxwell Dee
Maxwell Dee
27 Aug 2025
IPB Petroleum has appointed a new chairman and is intensifying efforts to secure funding for drilling its key Browse Basin assets, while maintaining a strong cash position and exploring new project opportunities.
Victor Sage
Victor Sage
23 Jan 2025