Fossil Energy – ExxonMobil
The Kaieteur and Canje Blocks are among Guyana’s offshore assets outside the prolific Stabroek Block.
[Read more…] about Kaieteur and Canje blocks offer snapshot of offshore explorationShell signs new Venezuela energy deals
Fossil Energy – Venezuela
Shell has signed new oil and gas agreements with Venezuela, reviving development plans for the offshore Dragon Gas Project.
[Read more…] about Shell signs new Venezuela energy dealsOil discovery in Snorre area
Fossil Energy – Snorre
Equinor and its partners have made a commercial oil discovery in the Snorre area in the North Sea.
[Read more…] about Oil discovery in Snorre areaDiscovery of largest oilfield in Yamal
Fossil Energy – Yamal
GazpromNeft announces that it has discovered the largest oil field in Yamal in 30 years.
[Read more…] about Discovery of largest oilfield in YamalSuriname advancing dual-track gas strategy in Block 52
Fossil Energy – Suriname
Suriname is advancing a dual-track gas strategy in Block 52 as it moves towards offshore production, according to Annand Jagesar, managing director of the state-owned oil company Staatsolie.
[Read more…] about Suriname advancing dual-track gas strategy in Block 52Four-year extension to Block 12W PSC
Fossil Energy – Vietnam
EnQuest, which took over Harbour Energy’s Vietnam business with three producing oil and gas fields last year, has revealed a four-year extension to the Block 12W PSC, awarded by PetroVietnam on the production sharing contract’s existing terms.
[Read more…] about Four-year extension to Block 12W PSCTPAO and BP sign MoU for Iraq
General – Cooperation
Turkish Petroleum (TPAO) and BP have signed a Memorandum of Understanding (MoU) on strategic cooperation in oil and natural gas.
[Read more…] about TPAO and BP sign MoU for IraqEni confirms oil discovery in Algaita-01, offshore Angola
Fossil Energy – Oil Discovery
Eni confirms an oil discovery in the Algaita-01 exploration well in Block 15/06, offshore Angola, approximately 18 km from Olombendo FPSO.
[Read more…] about Eni confirms oil discovery in Algaita-01, offshore AngolaAker BP releases first long‑term oil demand outlook
Fossil Energy – Demand Outlook
Aker BP’s Markets & Strategic Insights team, led by Jostein Magerøy and Chief Economist Torbjorn Kjus, projects that global oil demand will continue to grow, reaching 112 million barrels per day by 2035.
[Read more…] about Aker BP releases first long‑term oil demand outlookHighest net output in over 40 years for ExxonMobil
Fossil Energy – Production
ExxonMobil yesterday announced that its net production reached the highest level in more than 40 years in 2025, with Guyana a central contributor as the company reported full-year earnings of US$28.8 billion.
[Read more…] about Highest net output in over 40 years for ExxonMobil