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Var Energi Raises Estimates for New Barents Sea Oil Discovery
19 Jan 2026 14:19 GMT
… resources of 21-25 million barrels of oil equivalent (MMboe), the Norwegian Offshore … latest target represents the 14th exploration well drilled in production license … good quality reservoirs and oil quality similar to the Goliat field", Vår …
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Algeria's state oil company ordered to pay $290m to British energy firm
19 Jan 2026 13:06 GMT
… Hill Energy’s contract for exploration and production in the Ain … interest in the Ain Tsila field, 1,100 kilometres south- … providing its full share of resources required for the operation … start producing gas, liquefied petroleum gas and condensate for the …
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Beacon Offshore Energy begins production at Zephyrus field
19 Jan 2026 12:42 GMT
… Offshore Energy has initiated oil and natural gas extraction from the Zephyrus field … 2023.
This well uncovered significant oil reserves in the Middle Miocene Cris … II, Red Willow Offshore, Westlawn Americas Offshore and Murphy Exploration & Production.
…
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Energy Breakthrough: Over A Billion Barrel Of Oil And Gas Discovered In This Place
19 Jan 2026 12:39 GMT
… identified significant new oil and gas reserves in Texas’ Permian … of US oil consumption- largely because the deposits lie much … US petroleum resources five decades ago following the Arab oil embargo, … the importance of continued exploration. “The US economy …
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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
… ’s ambition to raise crude oil production to meet both … plans to reallocate oil wells and revive exploration in previously dormant … . The intention to reactivate exploration in the Ogoni axis, … Delta. Second, allow the Petroleum Industry Act provision that …
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Equinor Finds Oil in Norwegian Sea
19 Jan 2026 11:25 GMT
… .6 million barrels of recoverable oil equivalent.
Production license 124 B … on 30 September 2024.
Nine exploration wells have already been drilled … northern part of the Heidrun field.
COSL’s COSL Innovator drilling … to verify potential shallow gas deposits.
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Landman Season 3: Everything to Know About the Oil Drama's Next Installment By Samantha Stutsman
19 Jan 2026 12:16 GMT
… ruthless world of West Texas oil fields
The Paramount+ series stars … tongued landman navigating high-stakes oil deals, volatile power players … formed his own company, CTT Oil Exploration and Cattle, with T. … Tommy’s power within the oil world.
Who is returning …
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Gas discovery offers relief for Philippines’ declining reserves
19 Jan 2026 10:55 GMT
… find near Malampaya field
Around 98 billion cubic … east of the Malampaya Field near Palawan island — … shortfall as the Malampaya field, which provides roughly 40 … offshore wind, to ensure long-term sustainability.
Geopolitical context
Oil and gas exploration …
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Another oil discovery emerges from Norwegian waters
19 Jan 2026 10:09 GMT
… Norwegian Offshore Directorate (NOD), which shed light on an oil find … September 2024, where 9 exploration wells have already been … field.
The well’s objective was to prove petroleum in reservoir … verify potential shallow gas deposits.
Equinor hired the COSL …
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Guyana oil sector could benefit from reduced regional risk after US involvement in Venezuela
19 Jan 2026 09:57 GMT
… become increasingly intertwined with offshore oil development, as Guyana’s … s most prolific new petroleum provinces.
Analysts told S … Venezuelan military vessel threatened oil vessels working in … their operations.
“To see exploration on the Venezuela side, …