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    • Oil Concessions

Oil Concessions Newsletter
  • Another oil discovery emerges from Norwegian waters 19 Jan 2026 10:09 GMT

    license 124 in September 2024, where 9 exploration wells have already been drilled … was to prove petroleum in reservoir rocks … oil equivalent. The well was drilled by the 2012-built COSL Innovator drilling rig … the heart of the offshore world! Join us …

  • Equinor Finds Oil in Norwegian Sea 19 Jan 2026 11:25 GMT

    … Innovator drilling rig (Credit: COSL) Equinor and its partners have proven oil in … drilling rig. The wildcat well 6507/8-12 S, in production license … 2024. Nine exploration wells have already been drilled in production license 124, and …

  • Oil Prices Slip As Easing Middle East Tensions Reduce Supply Risk Premium 19 Jan 2026 12:06 GMT

    … risk tied to Middle Eastern oil supply. The decision alleviated … and Asia, leaving insufficient resources in the Middle East. … approval for an expanded production license for Chevron in Venezuela, … of US policy toward Venezuelan oil output. Fitch Ratings has …

  • Opinion: ‘Oil will pay for the war’ … Again? 19 Jan 2026 12:16 GMT

    … spills go unchecked and drilling sites are routinely looted and … breakdowns. Several of its oil upgraders — essential for processing … a special U.S. license. Other major American firms … Compounding the problem, global oil markets are already oversupplied, …

  • Liberia: Concerns Mount as Senegal Revokes Oranto Petroleum License Weeks After Liberia Ratified Deal 19 Jan 2026 08:20 GMT

    offshore petroleum license held by Nigerian oil firm Oranto Petroleumexploration and technical work, often relying on partnerships to finance drillinglicenses, delaying activity for years and ultimately losing or transferring concessionsresources

  • Egypt: Petroleum Ministry announces new oil, gas discoveries 19 Jan 2026 07:38 GMT

    Petroleum Company (GPC) have drilled a number of wells in their concessions … five new exploratory wells, the Ministry of Petroleum and Mineral Resources announced. … and intensify drilling and exploration programs. Khalda Petroleum made three new oil and gas …

  • Oil prices rose amid the decline of protests in Iran and a reduced likelihood of US intervention 19 Jan 2026 07:24 GMT

    … among the Organization of the Petroleum Exporting Countries. The decline … a significant increase in oil prices and increased bearish … grant Chevron an expanded license to operate in the … heavy Venezuelan oil for its medium to replenish reserves - Reuters16 …

  • 2025 oil licensing: FG warns bidders against asset substitution Jan 19, 2026 19 Jan 2026 04:08 GMT

    … 2025 oil licensing round. The Minister of State for Petroleum Resources, … the 2025 Nigerian Upstream Petroleum Regulatory Commission (NUPRC) … say, ‘I have a license.’” He said most people … precedent for the granting of licenses,”. Chairman, Senate Committee …

  • Egypt announces new oil & gas discoveries 19 Jan 2026 04:02 GMT

    … of Petroleum and Mineral Resources of Egypt said that several oil and gas … in Egypt have drilled several wells in their concession areas in the … Nile Delta, including five new exploratory wells. In a statement, the …

  • In Wake of Few 3rd Q Drilling Permits, New Data Confirm California's Oil Production in Irreversible Decline, Says Consumer Watchdog 19 Jan 2026 03:28 GMT

    … .)  *Table 1. Permits by Well Types Permit Count Totals Oil and Gas Production … FracTracker Alliance. For more on permit counts and locations, go to … -few-3rd-q-drilling-permits-new-data-confirm-californias-oil-production-in-irreversible …

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