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Global Oil Oversupply Expected To Offset Geopolitical Risks In Iran And Venezuela
19 Jan 2026 16:32 GMT
… has reported that the global oil market is entering a … against market share.
While US oil producers generally require prices between … barrel to profitably drill new wells, the forecasted drop toward 60 … exports, the volume of oil on water and growing onshore …
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Var Energi Raises Estimates for New Barents Sea Oil Discovery
19 Jan 2026 14:19 GMT
… 21-25 million barrels of oil equivalent (MMboe), the Norwegian … million standard cubic meters of oil equivalent (MMscmoe), up from … confirmed good quality reservoirs and oil quality similar to the … percent) have now drilled five wells in the Goliat Ridge, Vår …
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Nigeria: Heir Energies doubles oil, gas productions in five years
19 Jan 2026 12:20 GMT
… achieved growth without drilling new wells or building new facilities, … of approximately 100 dormant wells and sustained operation of … -level response to crude oil theft, contributing to a … as delivering the highest oil production increase between 2020– …
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Victor Udoh: Nigeria’s Oil Output Targets At Risk Without Stronger Niger Delta Security, Community Engagement
19 Jan 2026 11:40 GMT
… including plans to reallocate oil wells and revive exploration in previously … to reallocate or sell wells is very beautiful. The … Tinubu’s engagement with oil-producing communities, particularly in … of reforms, Nigeria’s oil production targets would remain …
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Equinor Finds Oil in Norwegian Sea
19 Jan 2026 11:25 GMT
… its partners have proven oil in a wildcat well … metres (Sm3) of recoverable oil equivalent. This corresponds to 0 … 6 million barrels of recoverable oil equivalent.
Production license 124 … September 2024.
Nine exploration wells have already been drilled in …
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3 Niche Oil and Gas Investments for Next-Gen Wealth Builders
19 Jan 2026 10:37 GMT
… into existing industrial or oil and gas operations. … 3. Next-generation enhanced oil recovery: Technology in mature … fields
Enhanced Oil Recovery (EOR) — applying … production profiles than new-well drilling
Environmental impact may be …
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Another oil discovery emerges from Norwegian waters
19 Jan 2026 10:09 GMT
… 2024, where 9 exploration wells have already been drilled. … addition, the well encountered oil-bearing sand with poor to … standard cubic meters of recoverable oil equivalent, which corresponds to … 6 million barrels of recoverable oil equivalent.
The well was …
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Guyana oil sector could benefit from reduced regional risk after US involvement in Venezuela
19 Jan 2026 09:57 GMT
Guyana’s oil sector could benefit from … become increasingly intertwined with offshore oil development, as Guyana’s discoveries … a Venezuelan military vessel threatened oil vessels working in Guyana’s … shot seismic and potentially drill wells to the West is too …
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EXPLORATION: Anambra Oil-producing Community Protests Environmental Degradation, Neglect, Militarization of Area by Oil Company
19 Jan 2026 08:27 GMT
… shut down of 12 oil wells due to purported failure … Social Responsibility( CSR).
The oil company, Sterling Petroleum Energy … roads, shut down 12 oil wells and electricity supply facilities. … yet there is an oil company exploring oil in the community. …
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Anambra Oil-Bearing Community Protests Years of Neglect, Dearth of Basic Infrastructure
19 Jan 2026 08:27 GMT
… protesters blocked all oil wells belonging to the oil company in the … community is blessed with oil and natural resources in abundance … we reached with the oil company, none have been … its social responsibilities, and oil spillage has affected our farmlands …