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Four-year extension to Block 12W PSC

Monday, February 16 2026

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 PSC

Filed Under: EnQuest, extension, International projects, Oil and Gas, Vietnam Tagged With: EnQuest, extension, oil and gas blocks, Vietnam

TPAO and BP sign MoU for Iraq

Monday, February 16 2026

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 Iraq

Filed Under: BP, International projects, Iraq, Oil and Gas, strategic partnership, TPAO Tagged With: BP, Iraq, Oil and Gas, strategic cooperation, TPAO

Eni confirms oil discovery in Algaita-01, offshore Angola

Monday, February 16 2026

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 Angola

Filed Under: Angola, Drilling, drilling vessel, drillship, ENI, International projects, Oil and Gas, Oil discovery Tagged With: angola, drilling, Eni, Oil Discovery

Aker BP releases first long‑term oil demand outlook

Tuesday, February 10 2026

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 outlook

Filed Under: Aker BP, International News, Oil and Gas, Report Tagged With: Aker BP, Oil and Gas, report

Highest net output in over 40 years for ExxonMobil

Saturday, January 31 2026

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

Filed Under: ExxonMobil, Guyana, International projects, Oil and Gas, Production Tagged With: ExxonMobil, Guyana, production

Bulgaria takes 10% stake in Black Sea oil and gas exploration consortium

Saturday, January 24 2026

Fossil Energy – Bulgaria

“The cheapest gas is our gas,” energy minister Stankov says as Bulgaria acquires a 10% stake in the Black Sea consortium exploring for oil and natural gas in the Han Asparuh offshore block.

[Read more…] about Bulgaria takes 10% stake in Black Sea oil and gas exploration consortium

Filed Under: Black Sea, Bulgaria, International News, Oil and Gas, stake Tagged With: black sea, bulgaria, Han Asparuh, Oil and Gas, stake

Equinor discovers oil in the Norwegian Sea

Monday, January 19 2026

Fossil Energy – Oil Discovery

Equinor and its partners have proven oil in wildcat well 6507/8-12 S in production licence 124 B.

[Read more…] about Equinor discovers oil in the Norwegian Sea

Filed Under: Equinor, International News, Norwegian Sea, Oil and Gas, Oil discovery Tagged With: Equinor, norway, norwegian sea, Oil Discovery, Othello South

Benin expects first oil production in January 2026

Wednesday, January 14 2026

Fossil Energy – Benin

West African nation Benin Republic is expected to produce its first commercial oil from the Seme offshore oilfield by the end of January 2026, after drilling challenges forced the country to miss its initial 2025 target.

[Read more…] about Benin expects first oil production in January 2026

Filed Under: Benin, International projects, Oil and Gas, oil production, West Africa Tagged With: Benin, oil production, Seme, West Africa

Norway braces for Oil and Gas slowdown as investment falls

Tuesday, January 13 2026

Fossil Energy – Norway

Norway’s offshore oil and gas production is expected to remain broadly stable in 2026, but a sharp decline in investment is signalling a slowdown in activity and a gradual fall in output later this decade, the country’s energy regulator said on Thursday.

[Read more…] about Norway braces for Oil and Gas slowdown as investment falls

Filed Under: International projects, Oil and Gas, Production Tagged With: decline, norway, Oil and Gas, production, Slowdown

Chevron brings on stream 20,000 bpd Angola project

Tuesday, January 6 2026

Fossil Energy – On Stream

Chevron has brought on stream its N’dola Sul project offshore Angola.

[Read more…] about Chevron brings on stream 20,000 bpd Angola project

Filed Under: Angola, Chevron, International projects, Oil and Gas, oil production Tagged With: angola, chevron, production

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